Examples of Individual Guarantor in a sentence
The Individual Guarantor individually has agreed to guaranty such obligations of the Borrower to the extent and in accordance with the terms hereof.
Certain obligations of Borrower provided for in the Loan Documents are guaranteed by Individual Guarantor pursuant to that certain Guaranty of Payment and Performance dated May 19, 2021 (as amended, restated, supplemented or otherwise modified heretofore or hereinafter from time to time, the “Original Guaranty”).
The obligation of the Customer under the New Guarantee Agreement is secured by (i) a personal guarantee granted by the Individual Guarantor; and (ii) a corporate guarantee granted by the Corporate Guarantor, in favour of Chinlink Guarantee.
As used herein, “Guarantor” shall collectively refer to each Entity Guarantor and Individual Guarantor of the Obligations, jointly and severally; “Entity Guarantor” shall mean each Guarantor who is not a natural person; and “Individual Guarantor” shall mean each Guarantor who is a natural person.
Xxx nor, as a result of no longer being an Individual Guarantor, Xxxx Xxxx XxXxxxx is executing the Reaffirmation of Individual Guaranties required to be executed by the Individual Guarantors pursuant to this Amendment; (ii) neither, as a result of his death, Xxxx X.