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.
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.
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 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 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.
Each of the Special Guarantors hereby agrees to execute and deliver all such instruments and take all such action as the holders of the Notes may from time to time reasonably request in order to effectuate fully the purposes of this Guaranty Agreement.
Each of the Special Guarantors covenants that, unless released in accordance with Section 13 hereof, its obligations hereunder will not be discharged except by payment in full of all of the Special Guaranteed Obligations.
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.
Each of the Special Guarantors waives any right to require the holders of the Notes to proceed against any additional or substitute endorsers or guarantors or to pursue or exhaust any security provided by the Company, such Special Guarantor or any other person or to pursue any other remedy available to such holders.