Guarantee and Collateral Sample Clauses
Guarantee and Collateral. Each Obligor ratifies and reaffirms the validity and enforceability (without defense, counterclaim or offset of any kind (other than the defense that Payment in Full has occurred)) of the Guarantees and Collateral granted in support of the Secured Obligations by such Obligor to the Administrative Agent, for the benefit of the Lenders, pursuant to the Guaranty Agreements and Collateral Documents to which such Obligor is a party. Each Obligor acknowledges and agrees that all such Guarantees and Collateral provided by such Obligor continue to guarantee and support the Secured Obligations to the extent provided in the Guaranty Agreements and Collateral Documents notwithstanding the occurrence of the Forbearance Effective Date.
Guarantee and Collateral. Agreement means that certain Guarantee and Collateral Agreement, dated as of April 4, 2007 among LodgeNet Interactive and each of the other loan parties thereto, in favor of Gleacher Products Corp., as administrative agent.
Guarantee and Collateral. 89 SECTION 11.1. GUARANTEE ............................................ 89 SECTION 11.2. EXECUTION AND DELIVERY OF GUARANTEE .................. 91 SECTION 11.3. CERTAIN BANKRUPTCY EVENTS ............................ 91 SECTION 11.4. LIMITATION ON MERGER OF SUBSIDIARIES AND RELEASE OF GUARANTORS ........................................... 91 SECTION 11.5. COLLATERAL ........................................... 92 SECTION 11.6.
Guarantee and Collateral. Agreement shall mean the Amended and Restated Guarantee and Collateral Agreement dated as of the Closing Date, from certain of the Loan Parties to the Administrative Agent, as may be amended, restated or supplemented from time, and as reaffirmed by the Loan Parties hereunder. Guarantor shall mean a guarantor under the Guarantee and Collateral Agreement and the other Loan Documents, provided that no Foreign Loan Party nor Foreign Subsidiary shall be required to guarantee any Obligation of a Domestic Loan Party. Guarantor Joinder shall have the meaning assigned to such term in Section 11.20. Guaranty of any Person shall mean any obligation of such Person guaranteeing any liability or obligation of any other Person in any manner, whether directly or indirectly, including any performance bond or other suretyship arrangement and any other form of assurance against loss. Hedge Liabilities shall have the meaning assigned in the definition of Bank Provided Hedge. Historical Statements shall have the meaning assigned to that term in Section 6.1.9(i). IDB's shall have the meaning assigned to such term in clause (xi) of the definition of "Permitted Liens". IDB Guaranty shall mean the Amended and Restated Guaranty and Suretyship Agreement, dated as of April 18, 2008, among TGI and ▇▇▇▇▇ Brothers ▇▇▇▇▇▇▇▇ & Co., as amended from time to time (including in connection with the Acquisition) provided that the principal amount of indebtedness guaranteed thereunder shall not exceed in the aggregate $11,300,000.00. Immaterial Subsidiary shall mean (i) Triumph Group Charitable Foundation, (ii) while the Receivables Facility remains in place and so long as the SP Sub owns no assets other than trade accounts receivable, related rights, related lock-box bank accounts and proceeds thereof and sufficient other assets that, when added to the foregoing, enables it to satisfy the minimum tangible net worth test set forth in the Receivables Purchase Agreement and any such immaterial other assets that are necessary or appropriate for the SP Sub to maintain an arm's-length relationship with the Borrowers and Guarantors, the SP Sub, and (iii) any Subsidiary (a) in which the aggregate Investment (without duplication) by the Loan Parties is less than $10,000,000.00 and (b) which represented less than 5% of Consolidated Adjusted EBITDA for the most recently ended four (4) fiscal quarters; provided, however, that all Immaterial Subsidiaries described in clause (iii) of this definition shall no...
Guarantee and Collateral. Agreement executed by the Loan Parties, together with pledged instruments and allonges, stock certificates, stock powers executed in blank, pledge instructions and acknowledgments, as appropriate. Exhibit I — Form of Supplement to Guarantee and Collateral Agreement Exhibit II — Form of Intellectual Property Guarantee and Collateral Agreement
Guarantee and Collateral. 6.1 The borrower is obligated to provide a guarantor and may also be required to provide collateral.
6.2 Even if the Public Corporation determines that additional collateral or guarantors are necessary, the original guarantor cannot claim exemption.