Examples of Guaranty Percentage in a sentence
In the event, and each time, a lender requires Low to guarantee the portion of debt represented by CRC's proportion of capital, but does not require CRC to guarantee the portion of debt represented by Low's proportion of capital, CRC shall pay to Low a guaranty fee in the amount of four percent (4%) (the "Guaranty Percentage") of the greater of (1) amount of the loan represented by CRC's proportion of capital, or (2) twenty percent (20%).
At the commencement of any calendar quarter following the First Reduction, the Borrower and the Guarantor may submit a written request to the Agent (a "Requested Reduction Notice"), requesting a reduction (the "Second Reduction") of the Guaranty Percentage to Fifty Percent (50%), which Requested Reduction Notice may be submitted no more often than once per calendar quarter, and shall be accompanied by reasonable evidence that Guarantor has qualified for the Second Reduction.
Xxxxxxxx, President SCHEDULE I Responsibility for Loan Name Guaranty Percentage Initial Principal Amount Responsible (Exposure Dollars) Shares To Be issued Xxxxxx X.
The Guaranty Percentage shall equal One Hundred Percent (100%) of the amounts set forth in clause (i) of the definition of Guaranty Obligations until reduced, if at all, as provided in this Section 3.
For purposes of this Section 4.3, the Cindat Member’s Guaranty Percentage of a Guaranty Payment shall be (a) in the event the Guaranty Payment was required solely due to the actions or omissions of the Cindat Member or its Affiliates, 100%, and (b) in the event the Guaranty Payment was required solely due to the actions or omissions of the Hersha Member or its Affiliates, 0%, and (c) in all other events, the Cindat Member’s Common Percentage Interest as of the date of the Guaranty Payment.