Partnership Guaranty definition
Examples of Partnership Guaranty in a sentence
The Partnership shall remain liable on its obligations hereunder until the expiration of the Partnership Guaranty Period.
The Lenders hereby waive any Event of Default that previously occurred under the Credit Agreement as a result of the failure of the Borrower to cause any Person that became a Partnership or LLC after the Closing Date to execute and deliver a Supplement to the Partnership Guaranty or LLC Guaranty, as appropriate, as required by Section 6.12 of the Credit Agreement.
All such amounts shall be due and payable in full by Newco to ERP on the day on which payment is made by ERP under the Initial ERP Operating Partnership Guaranty or any Alternate ERP Operating Partnership Guaranty.
The Partnership shall have executed and delivered to Lender a security agreement substantially in the form of Exhibit "T" hereto with respect to each Partnership Guaranty (as amended, restated, modified or supplemented, the "Partnership Guaranty Security Agreement").
Each Holder shall have received, or its special counsel shall have received on behalf of the Holders from the Partnership and Maritrans Inc., respectively, the written confirmation of the terms of the Partnership Guaranty Agreement and the MLP Guaranty Agreement, as the case may be, in the forms attached hereto as Exhibits C and D, respectively, and dated the Effective Date.