Payment and Performance Guaranty definition
Examples of Payment and Performance Guaranty in a sentence
Concurrently with the execution of the Option Agreement and Construction Agreement, Parent shall execute a Payment and Performance Guaranty in the form attached hereto as Exhibit G (“Guaranty”).
The debt evidenced by this Note is to be secured by, among other things, (a) three (3) separate mortgages (collectively, the “Mortgage”), one from each Borrower as identified in the Loan Agreement, for the benefit of Lender, and (b) a Payment and Performance Guaranty Agreement of even date herewith (the“Guaranty Agreement”), given by Emeritus Corporation (the “Guarantor”), for the benefit of Lender.
The debt evidenced by this Note is to be secured by, among other things, (a) twelve (12) separate mortgages and deeds of trusts (collectively, the “Mortgage”) by each Borrower, for the benefit of Lender, and (b) a Payment and Performance Guaranty Agreement of even date herewith (the“Guaranty Agreement”), given by Emeritus Corporation (the “Guarantor”), for the benefit of Lender.
The debt evidenced by this Note is to be secured by, among other things, a Payment and Performance Guaranty Agreement of even date herewith (the "Guaranty Agreement"), given by Capital Senior Living Corporation, a Delaware corporation ("Guarantor"), for the benefit of Lender.
Each of the undersigned acknowledges and agrees to be bound by the terms and provisions of only section 5.2 of the Agreement and Section 2 of this Amendment and to enter into and execute and Unconditional Guaranty of Payment and Performance ("Guaranty") in the form attached hereto as Exhibit 5.
In addition, on the Release Date the Payment and Performance Guaranty and the Golf Hosts Guaranty and all of the obligations thereunder shall terminate and be of no further effect.
Concurrently with the execution of this Lease, Landlord shall provide to Tenant a Payment and Performance Guaranty (the "GUARANTY") executed by Panattoni Investments, LLC, a California limited liability company ("GUARANTOR") guaranteeing, among other things, the prompt and diligent payment and performance by Landlord of Landlord's Work, and the prompt and diligent payment, performance and observance by Landlord of all of Landlord's other covenants and obligations set forth in this Exhibit C.
In addition, the Holder Consent shall provide that Holder shall release Tarragon Corporation from its obligations under that certain Amended and Restated Payment and Performance Guaranty dated as of October 10, 2006 (as the same may be amended, the “Tarragon Guaranty”) on a pro-rata basis as Purchaser prepays the Existing Loans.
As of the date hereof, the Participating Percentages of each Member are as follows: HSRE 80 % ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇ % Payment and Performance Guaranty.
Original Borrower also executed a Payment and Performance Guaranty (herein so called) of even date with the Note, whereby Original Borrower guaranteed the obligations of certain of its affiliates.