Examples of Required Guarantors in a sentence
The Guaranty Documents constitute the complete agreement between the parties with respect to the subject matter hereof and may not be modified, altered or amended except by an agreement in writing signed by Borrower, Required Guarantors and, if required by 39 the terms hereof, Agent.
Borrower shall fail or neglect to perform, keep or observe any covenant contained in this Agreement (other than a covenant which is dealt with specifically elsewhere in Section 10.1.4 or 10.1.6 hereof) and the breach of such other covenant is not cured to Required Guarantor's satisfaction within thirty (30) days after the sooner to occur of Borrower's receipt of notice of such breach from Agent or Guarantors or the date on which such failure or neglect first becomes known to any officer of Borrower.
If no successor Agent shall have been so appointed by the Required Guarantors, and shall have accepted such appointment, within thirty (30) days after the retiring Agent's giving notice of resignation, then the retiring Agent may, on behalf of the Guarantors, appoint a successor Agent, which shall be reasonably acceptable to Borrower.
Borrower shall furnish to Agent Inventory reports in form and detail satisfactory to Agent at such times as Agent or Required Guarantors may request, but at least once each month, not later than the fifteenth (15th) day of such month.
Upon any such resignation, the Required Guarantors shall have the right to appoint a successor Agent which shall be reasonably acceptable to Borrower.