Examples of Xxxxx Guarantors in a sentence
The Xxxxx Guarantors and Limoneira Guarantors will also each be liable for fifty percent (50%) of any liability incurred by LIMCO (for which LIMCO is entitled to be indemnified under Section 10.3(b) below) under any contracts assumed by the Company for which LIMCO is unable to obtain a release to the extent the Company fails to satisfy its indemnity obligations described in Section 10.3(b).
The obligations of the Lessee under this Lease are to be guaranteed by Xxxxx Xxxxx ("Guarantor(s)").
Certain obligations of Xxxxx under this Agreement shall be guaranteed by the parties (the "Xxxxx Guarantors") pursuant to that certain Joinder of Xxxxx Guarantors attached to this Agreement to be executed by the Xxxxx Guarantors.
Capitalized terms used in this Joinder of Xxxxx Guarantors and not otherwise defined herein shall have the same meanings as set forth in the Agreement.
The Company, the Issuer and the Xxxxx Guarantors have granted Liens on certain of their assets to the Trustee pursuant to the Collateral Documents.
So long as the Xxxxx Guarantors have any outstanding guaranty of any indebtedness of the Company, (a) the Manager shall in good faith consult with Xxxxx National and consider any proposals or recommendations of Xxxxx National regarding any possible refinancing of the Property and any sale of the Property and (b) any sale of the Property shall require the consent of Xxxxx National, which consent shall not be unreasonably withheld.
Concurrently herewith, Borrower shall cause each of the Xxxxx Guarantors to execute and deliver to Lender a Continuing Guaranty with respect to all of the Obligations, on Lender’s standard form, and certifications of trust or other evidence of authority with respect to the execution and delivery of such Guaranties.
The Trustee, the Company, the Issuer and the Xxxxx Guarantors each hereby agree that the Trustee holds its interest in the Collateral in trust for its benefit and for the benefit of the Holders pursuant to the terms of the Collateral Documents.
If after the Guaranties become effective, all Trigger Events are cured to Lender’s satisfaction in its sole discretion, then Lender may, in its discretion, by written notice to the Xxxxx Guarantors, make the Guaranties ineffective again (subject to again becoming effective upon the occurrence of another Trigger Event).
Facsimile: (000)000-0000 Broker(s): Landlord’s Broker: BT Commercial Tenant’s Broker: CB Xxxxxxx Xxxxx Guarantor(s): None.