Grantor Guarantor definition
Examples of Grantor Guarantor in a sentence
Grantor further recognizes and agrees that this waiver creates an irrebuttable presumption that the foreclosure sale price is equal to the fair market value of the Mortgaged Property for purposes of calculating deficiencies owed by Grantor, Guarantor, and others against whom recovery of a deficiency is sought.
If the [Grantor redeems the Company Preferred Securities][Guarantor redeems the Subordinated Notes][Eligible Investments are redeemed] in accordance with the [Company Securities Agreement] [Subordinated Notes] [Eligible Investments], then the [Grantor] [Guarantor] shall give the Trustee at least 30 days’ prior notice.
The parties hereto expressly declare that it is their joint and mutual intention that this Deed of Trust and the transactions contemplated hereby shall not be construed as creating a third party beneficiary contract, and neither this Deed of Trust nor any of the other Loan Documents shall be construed as giving or conferring any rights or benefits whatsoever to or upon any other persons or entities other than Grantor, Guarantor and Beneficiary.
Any and all of the covenants, conditions, warranties, representations, and other obligations (other than to repay or perform the Indebtedness) made or undertaken by Grantor, Guarantor, or any other Person or party to the Loan Documents to Beneficiary, any Secured Creditor, Trustee, or others as set forth in the Loan Documents, the Space Leases, and in any deed, lease, sublease, or other form of conveyance, or any other agreement pursuant to which Grantor is granted a possessory interest in the Land.
Nothing in this Agreement or any other Loan Document shall affect any right that the Administrative Agent, any Issuing Bank or any Lender may otherwise have to bring any enforcement action or proceeding relating to this Agreement or any other Loan Document, including any such action or proceeding in connection with the exercise of remedies with respect to Collateral, against any Grantor, Guarantor, or their respective properties in the courts of any jurisdiction.
Nothing in this Agreement or any other Loan Document shall affect any right that any Agent, any Issuing Bank or any Lender may otherwise have to bring any action or proceeding relating to this Agreement or any other Loan Document against any Grantor, Guarantor, or their respective properties in the courts of any jurisdiction.
The [Grantor][Guarantor] agrees that if a partial redemption of the [Company Preferred Securities][Subordinated Notes] [Eligible Investments] would result in a delisting of the Trust Preferred Securities from any securities exchange on which the Trust Preferred Securities are then listed [the [Grantor] [Guarantor] shall only redeem the [Company Preferred Securities] [Subordinated Notes] [the Guarantor shall ensure that the Eligible Investments are redeemed only] in whole.
The [Grantor] [Guarantor] shall provide the form of notice to the Trustee to be forwarded to the Holders of the Trust Preferred Securities.
The Trustee shall make available for inspection by Holders of the Trust Preferred Securities at the Corporate Office and at such other places as it may from time to time deem advisable during normal business hours any reports and communications received from the [Grantor] [Guarantor] by the Trustee as the holder of the [Company Preferred Securities] [Subordinated Notes] [Eligible Investments].
The Loan Documents constitute the legal, valid, and binding obligations of Grantor, Guarantor, and others obligated under the terms of the Loan Documents, enforceable in accordance with their respective terms.