Examples of Store Guarantor in a sentence
Borrower shall own all Inventory held for sale by each Store Guarantor.
The Loan Parties shall not and shall not cause or permit any Store Guarantor to execute any agreement or take any action inconsistent with the foregoing.
No Credit Party shall make any Restricted Payment, except (a) asset or Stock transfers permitted under Section 6.1; (b) intercompany loans permitted under Section 6.3; (c) restricted payments consisting of cash dividends paid to any Store Guarantor or to First Intermediate Parent, Second Intermediate Parent, Third Intermediate Parent or Ultimate Parent; and (d) redemptions or repurchases of fractional shares not to exceed $100,000 per year.
Although the Credit Parties are not required to obtain landlord waivers as to Store locations, (i) if an Event of Default shall have occurred and be continuing, Agent may impose a Reserve against Borrowing Availability equal to one month's rent as to all Store locations and (ii) if any Store Guarantor shall default in the payment of rent under its Store Lease, Agent may impose a Reserve against Borrowing Availability in the amount of those defaulted rent obligations (which may exceed one month's rent).
Although the Credit Parties are not required to obtain landlord waivers as to Store locations, (i) if an Event of Default has occurred and is continuing, Agent may impose a Reserve against Borrowing Availability equal to one month's rent as to all Store locations and (ii) if any Store Guarantor shall default in the payment of rent under its Store Lease, Agent may impose a Reserve against Borrowing Availability in the amount of those defaulted rent obligations (which may exceed one month's rent).
No Store Guarantor shall execute any agreement or take any action inconsistent with the foregoing.
No Credit Party shall make any Restricted Payment, except (a) asset or Stock transfers permitted under Section 6.1; (b) intercompany loans permitted under Section 6.3; (c) restricted payments consisting of cash dividends paid to any Store Guarantor or to First Intermediate Parent, Second Intermediate Parent, Third Intermediate Parent or Ultimate Parent and (d) redemptions or repurchases of fractional shares not to exceed $100,000 per year.
So long as this Agreement shall remain in effect, Borrower shall own all Inventory held for sale by each Store Guarantor.
The New Store Guarantor guarantees payment and performance of the Obligations in accordance with the terms of the Store Guarantors' Guaranty, which is incorporated herein by reference.
No Credit Party shall make any Restricted Payment, except (a) asset or Stock transfers permitted under SECTION 6.1; (b) intercompany loans permitted under SECTION 6.3; (c) restricted payments consisting of cash dividends paid to any Store Guarantor or to First Intermediate Parent, Second Intermediate Parent, Third Intermediate Parent or Ultimate Parent; and (d) redemptions or repurchases of fractional shares not to exceed $100,000 per year.