Examples of Special Guarantors in a sentence
The Loan Parties (other than the Special Guarantors) hereby ratify and confirm the terms and provisions of Article 5 of the Credit Agreement and agree that, after giving effect to this Amendment, all of such terms and provisions remain in full force and effect.
The effectiveness of any such documents and signatures shall, subject to applicable Law, have the same force and effect as manually-signed originals and shall be binding on all Loan Parties, all Special Guarantors, the Administrative Agent and the Lenders.
The Special Guarantors hold legal title to the Mortgaged Properties pursuant to the Trust Documents subject to no Liens other than the beneficial interests of the Borrower and as otherwise reflected on the Mortgage Commitments.
Each of the representations and warranties made by the Loan Parties and the Special Guarantors in any of the other Loan Documents is true and correct in all material respects.
Each of the Loan Parties and each of the Special Guarantors shall comply with the requirements of all Laws and all orders, writs, injunctions and decrees applicable to it or to its business or property, except in such instances in which (a) such requirement of Law or order, writ, injunction or decree is being contested in good faith by appropriate proceedings diligently conducted; or (b) the failure to comply therewith could not reasonably be expected to have a Material Adverse Effect.
The Agent may require the Loan Parties (other than the Special Guarantors) to make the Collateral (to the extent the same is moveable) available to the Agent at a place to be designated by the Agent or transfer any information related to the Collateral to the Agent by electronic medium.
The terms and provisions of this Guaranty Agreement shall be binding upon and inure to the benefit of each of the Special Guarantors and the holders of the Notes from time to time and their respective permitted successors, transferees and assigns.
Each of the Special Guarantors agrees that its obligations under this Guaranty Agreement shall rank at least pari passu with all other unsecured senior obligations of such Special Guarantor now or hereafter existing.
All warranties, representations and covenants made by each of the Special Guarantors herein or in any certificate or other instrument delivered by such Special Guarantor or on such Special Guarantor's behalf under this Guaranty Agreement shall be considered to have been relied upon by the holders of the Notes and shall survive the execution and delivery of this Guaranty Agreement, regardless of any investigation made by the holder of the Notes or on their behalf.
In the event that the Company shall fail so to pay any of such Special Guaranteed Obligations, each of the Special Guarantors severally (but not jointly) agrees to pay its respective Special Pro Rata Portion of the same when due to the holders of the Notes entitled thereto, without demand, presentment, protest or notice of any kind, in lawful money of the United States of America, at the place for payment specified in the Notes and the Note Agreements.