Loan Party Guaranty definition

Loan Party Guaranty means any guaranty agreements from any Guarantor delivered in connection with any Loan Document at any time (and for avoidance of doubt, excluding any and all such guaranty agreements of any Persons that are not Guarantors as defined herein delivered in connection with the Existing Credit Agreement) as are requested by the Administrative Agent and its counsel, in each case as amended, restated, supplemented or otherwise modified from time to time.

Loan Party Guaranty means the Continuing Guaranty, dated as of the Closing Date, by and among Parent and each Subsidiary party thereto, in favor of the Agent, for its benefit and the benefit of the other Secured Persons, as same may be amended, modified, supplemented and/or restated from time to time, pursuant to which the Parent and each such Subsidiary guarantees the full and timely payment and performance of all of the Obligations.

Loan Party Guaranty the guaranty of the Term Loan Facilities Obligations of the Borrower under the Loan Documents provided pursuant to the Guarantee and Collateral Agreement.

Examples of Loan Party Guaranty in a sentence

• Each Loan Party Guarantor agrees that the Guaranteed Obligations may at any time and from time to time exceed the Maximum Liability of each Loan Party Guarantor without impairing this Loan Party Guaranty or affecting the rights and remedies of the Lenders hereunder, provided that, nothing in this sentence shall be construed to increase any Loan Party Guarantor’s obligations hereunder beyond its Maximum Liability.

• Each of the Loan Party Guarantors covenants and agrees that its right to receive any contribution under this Loan Party Guaranty from a Non-Paying Loan Party Guarantor shall be subordinate and junior in right of payment to the payment in full in cash of the Guaranteed Obligations.

• Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority to release or subordinate its interest in particular types or items of Property, or to release any Guarantor from its obligations under the Loan Party Guaranty pursuant to this Section 9.10.

• The Lenders hereby authorize the Administrative Agent to release such a Subsidiary from the Loan Party Guaranty and its Collateral Documents; provided, that if such Subsidiary subsequently qualifies as a Material Domestic Subsidiary pursuant the definition thereof, such Subsidiary shall be required to re-deliver a joinder to the Loan Party Guaranty and its Collateral Documents.

• The Loan Party Guaranty set forth in this Article XI is a guaranty of timely payment and not of collection.

More Definitions of Loan Party Guaranty

Loan Party Guaranty means the guaranty of the Guarantors set forth in Article XI.

Loan Party Guaranty means that certain Second Amended and Restated Loan Party Guaranty dated as of the date hereof and executed by each Loan Party in favor of the Administrative Agent, as amended, restated, supplemented or otherwise modified from time to time.

Loan Party Guaranty means that certain Loan Guaranty dated as of March 22, 2019, among the Guarantors in favor of the Administrative Agent, for the benefit of the Secured Parties, as amended, restated, supplemented or otherwise modified from time to time (and as reaffirmed by the Reaffirmation Agreement).

Loan Party Guaranty has the meaning set forth in Section 16.1.

Loan Party Guaranty means the Continuing Guaranty, dated as of the Closing Date, by and among the Loan Parties (other than Borrower) and each their respective Subsidiaries party thereto (other than Excluded Subsidiaries), in favor of the Agent, for its benefit and the benefit of the other Secured Persons, as same may be amended, modified, supplemented and/or restated from time to time, pursuant to which the Loan Parties (other than Borrower) and each of their respective Subsidiaries (other than any Excluded Subsidiary) guarantees the full and timely payment and performance of all of the Obligations.

Loan Party Guaranty means the Guaranty set forth in Article 11.

Loan Party Guaranty means the Guaranty executed by each then-existing Subsidiary of the Company and delivered to the Administrative Agent on the Closing Date, and each Guaranty subsequently executed by a Subsidiary of the Company and delivered to the Administrative Agent, as each has been amended to date and is amended from time to time hereafter.