Examples of Loan Guaranties in a sentence
If acceptable to the Lender, the Loan Guaranties will be given by the TWC Guarantor acceptable to the Lender and the Condor Guarantor acceptable to the Lender in proportion to the respective Percentage Interests of their related Members at the time; otherwise, the Loan Guaranties may be joint and several.
Each Loan Party affirms to the Administrative Agent that their respective Loan Guaranties remain in full force and effect and are such Loan Party’s valid and binding obligation.
By accepting the benefits of the Collateral and the Loan Guaranties, such Bank Product Provider shall be deemed to have appointed the Administrative Agent as its agent and agreed to be bound by the Loan Documents as a Secured Party, subject to the limitations set forth in this Section 8.13.
Each Loan Party agrees that neither the provisions of this Agreement nor any action taken or not taken in accordance with or in connection with this Agreement shall constitute a termination, extinguishment, release, or discharge of any of such Loan Party’s obligations or provide a defense, set off or counterclaim to any of the Loan Parties with respect to any of the Loan Parties’ obligations under their respective Loan Guaranties.
The Manager shall provide any required “bad boy guaranty” required in such loan transaction (“Manager Guaranty” and collectively with Loan Guaranties, “Guaranties”).