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 Holder of Securities, by accepting a Security, waives and releases the Company, each Existing Guarantor and each Additional Guarantor from all such liability.
This deed poll is given in favour of and for the benefit of the Trustee and Debenture Stockholders, each Existing Guarantor, and persons claiming through the Trustee, a Debenture Stockholder or an Existing Guarantor and their respective successors and permitted assigns.
For valuable consideration including, among other things, the payment by the Trustee to the New Guarantors of $10.00 (receipt of which is acknowledged), each New Guarantor jointly and severally with each Existing Guarantor irrevocably and unconditionally agrees to be bound by the terms and conditions of the Guarantee and Indemnity.