Examples of New Guaranties in a sentence
Notwithstanding the foregoing, the termination of the Guarantor’s obligations under this Agreement shall not diminish, impair or otherwise affect the Guarantor’s obligations under the New Guaranties.
NEW LETTER OF CREDIT REIMBURSEMENT AGREEMENT AND NEW GUARANTIES On the Effective Date, the Reorganized Debtor shall enter into New Letter of Credit Reimbursement Agreements with issuers of Existing Letters of Credit and New Guaranties with holders of Existing Guaranties.
On the Effective Date, the Reorganized Subsidiary Debtors (in existence after giving effect to the Restructuring Transactions) and the other Restricted Subsidiaries shall enter into the New Guaranties and related security documents.
Furthermore, if any Substitute Guarantor has succeeded to the interests of the Guarantor named herein, then the termination of such Substitute Guarantor's obligations under this Agreement shall be further conditioned upon such Substitute Guarantor satisfying the requirements with respect to a Substitute Guarantor under each of the New Guaranties, including, without limitation, the obligation to Provide Collateral under each of the New Guaranties (if applicable).
If any Substitute Guarantor has succeeded to the interests of the Guarantor named herein, then the termination of such Substitute Guarantor’s obligations under this Agreement shall be further conditioned upon such Substitute Guarantor satisfying the requirements with respect to a Substitute Guarantor under each of the New Guaranties, including, without limitation, the obligation to Provide Collateral under each of the New Guaranties (if applicable).
It contains three conditions to the consent of the Bank to the transfer of the Property, including the condition that “Assignor remains liable personally under the terms of the Loan as a Guarantor pursuant to the Guaranty executed by the Assignor in connection with the Loan.” In addition, the agreement contains 11 “conditions precedent to the Bank’s approval of the assumption of the Loan by Assignee under this Agreement,” (emphasis supplied) including the execution of New Guaranties.
Notwithstanding the foregoing, the termination of the Guarantor's obligations under this Agreement shall not diminish, impair or otherwise affect the Guarantor's obligations under the New Guaranties.
On the Effective Date, the Reorganized Debtors (in existence after giving effect to the Restructuring Transactions) and the other Restricted Subsidiaries shall also enter into the New Guaranties to guaranty and secure the New Senior Secured Term Debt and the New Secured PIK Debt.
Furthermore, if any Substitute Guarantor has succeeded to the interests of the Guarantor named herein, then the termination of such Substitute Guarantor’s obligations under this Agreement shall be further conditioned upon such Substitute Guarantor satisfying the requirements with respect to a Substitute Guarantor under each of the New Guaranties, including, without limitation, the obligation to Provide Collateral under each of the New Guaranties (if applicable).
New Letter of Credit Reimbursement Agreement and New Guaranties .