Examples of Guaranty Agreement in a sentence
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 such Subsidiary enter into a subsidiary guaranty in the form of the Global Guaranty 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 Note to any Subsidiary, unless the Investor and the Subsidiary enter into a subsidiary guaranty in the form of the Global Guaranty Agreement.
Any such new guarantor selected by Bxxxxxxx will execute a new Guaranty Agreement substantially in the terms of the Guaranty Agreement executed by the Validity Guarantors as of the Closing Date.