Examples of Predecessor Guarantor in a sentence
Thereafter, all obligations of the Predecessor Guarantor with respect to the Notes shall terminate.
Every such Successor Guarantor, upon executing an indenture supplemental hereto as provided in this Section 7.3 in form satisfactory to the Trustee, shall succeed to and be substituted for the Predecessor Guarantor with the same effect as if it had been named herein as a Guarantor; and any order, certificate or resolution of the Board or officers of a Guarantor provided for in this Indenture may be made by like officials of such Successor Guarantor.
Each of the Texas LLC Guarantors hereby assumes the obligations of the applicable Predecessor Guarantor for the due and punctual payment of the principal of, premium, if any, and interest on all outstanding Notes issued pursuant to the Indenture and the performance and observance of each other obligation and covenant set forth in the Indenture, its respective Subsidiary Guarantee and the Registration Rights Agreement to be performed or observed on the part of the Predecessor Guarantor.
Each of the Texas LLC Guarantors is hereby substituted for, and may exercise every right and power of, the applicable Predecessor Guarantor under the Indenture with the same effect as if each of the Texas LLC Guarantors had been named as Guarantors in the Indenture, and each of the Texas LLC Guarantors is a successor Person under the Indenture.
The New Guarantor hereby expressly assumes all the obligations of the Predecessor Guarantor under the Indenture and the Note Guarantee endorsed by the Predecessor Guarantor upon the Notes and the due and punctual performance of all the covenants and conditions of the Indenture to be performed by the Predecessor Guarantor.
Notwithstanding anything to the contrary, permissible Financial Institution assignees of Guaranty shall have no rights against Guarantor or with respect to the Guaranty unless (i) Purchaser is in default of its obligations under applicable agreements between Purchaser and such Financial Institution and (ii) such permissible Financial Institution assignees have pursued all available remedies against Purchaser.
However, some state policies and state codes may not allow implementation of some of Fairfax County’s approaches.
The New Guarantor hereby expressly assumes all the obligations of the Predecessor Guarantor under the Indenture and theNote Guarantee endorsed by the Predecessor Guarantor upon the Notes and the due and punctual performance of all the covenants and conditions of the Indenture to be performed by the Predecessor Guarantor.3. AGREEMENT TO GUARANTEE.
CREW INTERMEDIATE LLC (the “PredecessorGuarantor”) pursuant to a note guarantee, dated as of March 18, 2005 (the “Note Guarantee”); WHEREAS, the Predecessor Guarantor and the New Guarantor have entered into the Agreement of Merger dated October 11, 2005 (the “Merger Agreement”),and the New Guarantor has executed and filed in Delaware a certificate to cause the occurrence of the merger described in the Merger Agreement (the “Merger”).
ANGEL OAK MORTGAGE, INC., as Guarantor By: /s/ Xxxxxxx Xxxxxx Name: Xxxxxxx Xxxxxx Title: Chief Financial Officer Address for Notices: 0000 Xxxxxxxxx Xxxx XX Xxxxx 0000 Xxxxxxx, XX 00000 ACKNOWLEDGED AND AGREED: ANGEL OAK MORTGAGE FUND, LP, as Predecessor Guarantor By: Falcons I, LLC, not in its individual capacity but as the General Partner By: /s/ Xxxx X.