Collateral and Guaranty Clause Samples
The 'Collateral and Guaranty' clause defines the requirement for a borrower or obligor to provide assets or third-party guarantees as security for fulfilling their obligations under an agreement. In practice, this means the borrower may pledge property, equipment, or other valuable assets, or a guarantor may promise to cover the debt if the borrower defaults. This clause serves to protect the lender by reducing the risk of loss, ensuring there are tangible or enforceable means to recover funds if the primary party fails to meet their commitments.
Collateral and Guaranty. The Obligations shall be secured by the Collateral pursuant to the Collateral Documents. The Obligations shall be supported by the Members pursuant to the Completion Guaranty and the Make-Well Agreement, subject to termination thereof in accordance with their respective terms.
Collateral and Guaranty. The Obligations shall be secured by the Collateral pursuant to the Collateral Documents and be guaranteed by Parent pursuant to the Parent Guaranty and by the Sibling Guarantors pursuant to the Sibling Guaranty.
Collateral and Guaranty. 47 5.1 Collateral--Personal Property....................................................................... 47 5.2 Mortgages........................................................................................... 47 5.3 Guaranty............................................................................................ 47 5.4
Collateral and Guaranty. The Obligations shall be secured by the Collateral pursuant to the Collateral Documents and be guaranteed by Parent pursuant to the Second Amended and Restated Parent Guaranty and by the Sibling Guarantors pursuant to the Second Amended and Restated Sibling Guaranty.
Collateral and Guaranty. To induce the Bank to enter into this Agreement and make the Loan to the Borrower, the Borrower and Guaranty agree as follows:
Collateral and Guaranty. The Obligations shall be secured by the Collateral pursuant to the Collateral Documents. Borrower confirms that the collateral assignments of the Construction Contract and the Architect Contract for the Phase II Project executed in connection with the Existing Loan Agreement shall remain effective to secure the Obligations under this Agreement. The Obligations shall be supported by the Members pursuant to the Completion Guaranty, subject to termination thereof in accordance with its terms.
Collateral and Guaranty. (a) Payment of the Notes and performance of the obligations described herein shall be secured, directly or indirectly, by a first lien on Borrower's equipment, inventory, leases, chattel paper, general intangibles and accounts.
(b) Payment of the Notes and performance of the obligations described herein shall be guaranteed by Eric ▇. ▇▇▇▇▇▇▇ (▇▇e "Guarantor").
Collateral and Guaranty. (a) Repayment of the Loan and performance of the Company's obligations under all agreements relating to the Loan shall be guaranteed by each of Petrovalve International Inc., an Alberta corporation, Petrovalve, Inc., a Delaware corporation, USA Petrovalve, Inc., a Texas corporation, and Turbeco, Inc., a Texas corporation and Petrovalve International (Barbados), Inc., a Barbados corporation (hereinafter sometimes collectively called the "Guarantors" or the "Subsidiaries") pursuant to a Guaranty Agreement (the "Guaranty Agreement") substantially in the form attached hereto. Subject to the provisions of subparagraph (b) below and pursuant to a Security Agreement substantially in the form attached hereto, the Loan will be secured by a first and senior lien on all of the accounts, inventory, intellectual property and other tangible and intangible assets of the Company and the Guaranty Agreement will be secured by a lien on all of the accounts, inventory, intellectual property and other tangible and intangible assets of the Guarantors.
Collateral and Guaranty. The Obligations of the Borrower under ----------------------- this Agreement and under the other Loan Documents shall be guaranteed by the Company and secured by the Collateral pursuant to the Collateral Documents.
Collateral and Guaranty. This Loan Facility shall not be guaranteed with any specific collateral in the form of an object or earnings or other assets belonging to the DEBTOR in any form and shall not be guaranteed by any party, but rather guaranteed with the entire assets of the DEBTOR, whether in the form of movable goods or non-movable goods, currently in existence or to exist in the future, except for any assets of the DEBTOR that have been pledged specifically to its creditors, which shall become a general guaranty on all of the DEBTOR’S debts to its entire creditors that are not specifically guaranteed or with no special privilege including this Loan Facility with a pro rata payment (pari passu) pursuant to articles 1131 and 1132 of the Civil Code of the Republic of Indonesia.