General Continuing Guaranty Sample Clauses

A General Continuing Guaranty is a contractual provision in which one party (the guarantor) agrees to be responsible for the debts or obligations of another party, typically on an ongoing basis. This clause applies to all current and future obligations of the debtor, meaning the guarantor's responsibility is not limited to a single transaction but extends to a series of transactions or a revolving credit arrangement. Its core practical function is to provide ongoing assurance to the creditor that the guarantor will cover any defaults by the debtor, thereby reducing the creditor's risk and facilitating continued business or lending relationships.
General Continuing Guaranty. The due and punctual payment of the principal of, and interest on, the amounts owed by the Issuer under this Debenture and the other Debentures, and the due and punctual payment of all other obligations owed by the Company, the Issuer or any other Subsidiary of the Company pursuant to the Transaction Documents, are jointly and severally guarantied by the Company and the Subsidiaries (other than the Issuer) pursuant to the Transaction Guaranty in favor of the Holders and the Agent. The obligations of the Company and the Subsidiaries hereunder and under the Transaction Guaranty are ratably secured by the Guarantor Security Agreement dated as of the date hereof among the Issuer, the Company, the other grantors party thereto and the Agent (together with all amendments and supplements thereto, the “Guarantor Security Agreement”). Reference is hereby made to (i) the Transaction Guaranty for a description of the obligations guarantied thereunder, the conditions of such Guaranty, and the rights of the Holders and the Agent in respect thereof and (ii) the Guarantor Security Agreement for a description of the collateral thereby pledged and assigned, the nature and extent of the security for the Debentures, and the rights of the Holders in respect of such security and otherwise.
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General Continuing Guaranty. On the Consolidation Date, the due and punctual payment of the principal of, and interest on, the amounts owed by STAC under the Debentures, and the due and punctual payment of all other obligations owed by the Company, STAC or any other Subsidiary of the Company pursuant to the Transaction Documents, shall be jointly and severally guarantied by the Company and the Subsidiaries (other than STAC) now or hereafter formed pursuant to the Transaction Guaranty in favor of the Purchasers and the Agent. Reference is hereby made to the Transaction Guaranty for a description of the obligations guarantied thereunder, the conditions of the Transaction Guaranty, and the rights of the Holders and the Agent in respect thereof. The obligations of the Company and the Subsidiaries (other than STAC) under the Transaction Guaranty shall be secured by the Guarantor Security Agreement and by the related financing statements and certain other instruments as provided in the Guarantor Security Agreement.
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General Continuing Guaranty. This GENERAL CONTINUING GUARANTY (this “Guaranty”), dated as of April 8, 2011, is executed and delivered by JMP GROUP LLC, a Delaware limited liability company (“Guarantor”), in favor of CITY NATIONAL BANK, a national banking association (“Lender”), in light of the following:
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General Continuing Guaranty. The due and punctual payment of the principal of, and interest on, the amounts owed by the Issuer under this Debenture and the other Debentures, and the due and punctual payment of all other obligations owed by the Company, or any other Subsidiary of the Company pursuant to the Transaction Documents, are jointly and severally guarantied by certain of the Subsidiaries pursuant to the Security Agreement. Reference is hereby made to the Security Agreement for a description of the obligations guarantied thereunder and the rights of the Holders and the Agent in respect thereof.
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General Continuing Guaranty. The Purchaser shall have entered into --------------------------- that certain General Continuing Guaranty, of even date herewith, in favor of ▇▇▇▇▇▇▇.
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General Continuing Guaranty 
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Related to General Continuing Guaranty

  • Continuing Guaranty This Guaranty is a continuing guaranty and shall remain in effect until all of the Guaranteed Obligations shall have been paid in full and the Revolving Commitments shall have terminated and all Letters of Credit shall have expired or been cancelled. Each Guarantor hereby irrevocably waives any right to revoke this Guaranty as to future transactions giving rise to any Guaranteed Obligations.

  • Continuing Guarantee This guarantee is a continuing guarantee and will extend to the ultimate balance of sums payable by any Obligor under the Finance Documents, regardless of any intermediate payment or discharge in whole or in part.

  • Continuing Guaranty; Assignments This Article XI is a continuing guaranty and shall (a) remain in full force and effect until the later of the cash payment in full of the Guaranteed Obligations (other than Contingent Indemnity Obligations) and all other amounts payable under this Article XI and the Final Maturity Date, (b) be binding upon each Guarantor, its successors and assigns and (c) inure to the benefit of and be enforceable by the Secured Parties and their successors, pledgees, transferees and assigns. Without limiting the generality of the foregoing clause (c), any Lender may pledge, assign or otherwise transfer all or any portion of its rights and obligations under this Agreement (including, without limitation, all or any portion of its Commitments, its Loans owing to it) to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted such Lender herein or otherwise, in each case as provided in Section 12.07.

  • Continuing Guaranty; Assignments under the Credit Agreement This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the latest of (i) the payment in full in cash of the Guaranteed Obligations and all other amounts payable under this Guaranty, (ii) the Maturity Date and (iii) the latest date of expiration, termination or Cash Collateralization or provision of Credit Support therefor of all Letters of Credit and the expiration or termination of all Secured Hedge Agreements, (b) be binding upon each Guarantor, its successors and assigns and (c) inure to the benefit of and be enforceable by the Secured Parties and their successors, transferees and assigns. Without limiting the generality of clause (c) of the immediately preceding sentence, any Secured Party may assign or otherwise transfer all or any portion of its rights and obligations under the Credit Agreement (including, without limitation, all or any portion of its Commitments, the Loans owing to it and the Note or Notes held by it) to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party herein or otherwise, in each case as and to the extent provided in Section 10.07 of the Credit Agreement. Subject to Section 7.04 of the Credit Agreement, no Guarantor shall have the right to assign its rights hereunder or any interest herein without the prior written consent of the Secured Parties.

  • Guarantee of Payment; Continuing Guarantee The guarantee in this Article IV is a guaranty of payment and not of collection, is a continuing guarantee, and shall apply to all Obligations whenever arising.