Existing Guarantor definition
Examples of Existing Guarantor in a sentence
Each Existing Guarantor affirms its obligations under and the terms and conditions of the Existing Guaranty and agrees that such obligations remain in full force and effect and are hereby ratified, reaffirmed and confirmed.
The Trustee shall not be responsible for the validity as to the Corporation, the New Guarantor or the Existing Guarantor or sufficiency of this Supplemental Indenture or as to the due execution hereof by the Corporation, the New Guarantor or the Existing Guarantor or as to recitals of fact contained herein, all of which are made solely by the Corporation, the New Guarantor and the Existing Guarantor.
Each Existing Guarantor hereby expressly and unconditionally reaffirms each and every covenant, agreement and undertaking of such Existing Guarantor in the Indenture, and also hereby expressly and unconditionally reaffirms each and every covenant, agreement and undertaking in its Guarantee endorsed on the Notes outstanding on the date of this First Supplemental Indenture and in each Guarantee endorsed on any Notes delivered hereafter.
Each Holder of Securities, by accepting a Security, waives and releases the Company, each Existing Guarantor and each Additional Guarantor from all such liability.
Each Existing Guarantor affirms its obligations under, and the terms and conditions of, the Existing Guaranty and agrees that such obligations remain in full force and effect and are hereby ratified, reaffirmed and confirmed.