Examples of Global Guaranty in a sentence
Each of the Company’s subsidiaries acknowledges and consents to securing the Company’s obligations pursuant to the Transaction Documents as provided for in the Security Agreement and Global Guaranty.
The Company shall not without the prior written consent of the Investor loan, invest, transfer or “downstream” any cash proceeds, or assets or property acquired with cash proceeds from the issuance and sale of the Promissory Note to any Subsidiary, unless the Investor and the Subsidiary enter into a subsidiary guaranty in the form of the Global Guaranty Agreement.
As a condition precedent to the making of the Revolving Credit Facility available to the Borrower hereunder, each Guarantor shall guarantee the Obligations of the Borrower to the Lender pursuant to a certain Global Guaranty Agreement of even date herewith executed by each such Guarantor (the "Guaranty Agreement").
Each Guarantor hereby acknowledges and consents to the issuance of the Note by the Borrower to the Investor, and further acknowledges and agrees that the payment and performance of any and all Obligations owed by the Borrower to the Investor under such Note shall be subject to the Global Guaranty Agreement and such Guarantor’s obligations shall be secured by a first priority continuing security interest as evidenced by the Global Security Agreement.
The Company shall not without the prior written consent of the Investor loan, invest, transfer or “downstream” any cash proceeds, or assets or property acquired with cash proceeds from the issuance and sale of the Promissory Notes hereunder to any Subsidiary, unless the Investor and the Subsidiary enter into a subsidiary guaranty in the form of the Global Guaranty Agreement.
If the amount of the Awarded Damages is greater than the amounts in escrow, then the Buyer or Global shall have the right to set off such deficiency against any payments then owing or owing at any time in the future under the Buyer Notes or the Global Guaranty.
The execution, delivery and performance of the Guarantees and the Global Guaranty by SBRAReit GP V, in its own right and its capacity as general partner of the Alberta Partnership, as applicable, have been duly authorized by all necessary corporate action of SBRAReit GP V, and the Global Guaranty has been duly executed and delivered by SBRAReit GP V, on its own behalf or in its capacity as general partner of the Alberta Partnership, as applicable.
This Debenture is secured by (i) a security interest in all of the assets of the Company and of each of the Company's subsidiaries as evidenced by the security agreement dated the date hereof (collectively the “Security Agreements”) and subject to the global guaranty agreement executed by each of the Company’s subsidiaries dated the date hereof (the “Global Guaranty Agreement”) (collectively the Security Agreements and the Global Guaranty Agreement shall be referred to as the “Security Documents”).
This Debenture is secured by (i) a security interest in all of the assets of the Company and of each of the Company's subsidiaries as evidenced by the security agreement dated October 29, 2019 (the “Security Agreement”) and subject to the global guaranty agreement executed by each of the Company’s subsidiaries dated October 29, 2019 (the “Global Guaranty Agreement”) (collectively the Security Agreement and the Global Guaranty Agreement shall be referred to as the “Security Documents”).
Neither the Company nor any Subsidiary has any indebtedness outstanding except as permitted by paragraph 6 of the Global Guaranty.