Examples of Seller Parent Guarantor in a sentence
Unless and except to the extent otherwise specified herein, neither Seller nor Seller Parent Guarantor shall have any authority or right on behalf of Buyer, to assume or create any obligation of any kind or nature, express or implied, on behalf of, or in the name of Buyer, nor bind Buyer in any respect, without the specific prior written authorization of Buyer.
Seller Parent Guarantor is an indirect parent of Seller and joins this Agreement solely with respect to Section 20.9 (No Solicitation), Section 20.10(f) (Confidentiality; Public Announcements), and Article XXVI (General Provisions) hereunder to induce Buyer to enter into this Agreement on the terms and conditions set forth herein and acknowledges that it will derive a material and substantial benefit from the Transactions.
The proposal must include the information requested in items 6.9.1 through 6.9.7 below for Seller and any entity that Bidder proposes as a Seller Parent Guarantor in respect of any Definitive Agreement.
If financial information is consolidated with other entities, the data related to Seller or Seller Parent Guarantor must be extracted and submitted as separate documents by Bidder.
Provide copies of all relevant, material bankruptcy court filings or orders, including any order discharging Bidder, Seller, and/or the proposed Seller Parent Guarantor from the bankruptcy proceedings and any order that could reasonably be expected to adversely affect the proposed project or credit support for Seller’s obligations with respect to the project.
This Term Sheet assumes that Bidder/Seller has elected to provide a guaranty of Seller’s payment obligations under the Definitive Agreement from Seller Parent Guarantor.
In any model agreement provided with the RFP where Seller Parent is shown as signing in the functional capacity as a guarantor (e.g., the Model BOT Agreement), ELL reserves the right to require that Seller Parent Guarantor provide a separate payment guaranty satisfactory to ELL in lieu of Seller Parent Guarantor signing Transaction Agreements as a functional guarantor.
Provide a list of affiliated companies, including the proposed Seller (if different from Bidder), parent companies of Bidder, including the proposed Seller Parent Guarantor (as referenced in Appendix F and the Bidder Registration Form), holding subsidiaries, and predecessor companies.
The only credit facilities, including repurchase agreements for mortgage loans and mortgage-backed securities, of Seller, Parent Guarantor or Guarantor that are presently in effect and are secured by mortgage loans or provide for the purchase, repurchase or early funding of mortgage loan sales, are with Persons disclosed to Buyer at the time of application, or thereafter disclosed to Buyer in accordance with Section 9.1(c).
Each of Seller, Parent Guarantor and Guarantor has performed the documentation procedures required by its operational guidelines with respect to endorsements and assignments, including the recordation of assignments, or has verified that such documentation procedures have been performed by a prior holder of such Mortgage Loan.