Guarantee and Security Clause Samples

Guarantee and Security. Each of the Guarantors acknowledges and confirms that (i) the guarantee granted by it pursuant to Article 10 of the Loan Agreement constitutes a continuing guarantee of, among other things, all present and future obligations of the Borrower to the Lender under the Loan Agreement and shall remain in full force and effect; and (ii) each of the other Loan Documents executed by it shall remain in full force and effect. In addition, (i) MEC Land Holdings (California) Inc. acknowledges and confirms that the Golden Gate Mortgage constitutes continuing security for the obligations secured thereby and shall remain in full force and effect, and (ii) The Santa ▇▇▇▇▇ Companies, Inc. acknowledges and confirms that the Santa ▇▇▇▇▇ Mortgage constitutes continuing security for the obligations secured thereby and shall remain in full force and effect.

Guarantee and Security. The guarantee and security arrangements for each of the Finance Lease Agreement are set out below: The Supplier shall provide joint and several liabilities for the debts of the Lessee under the Finance Lease Agreements.

Guarantee and Security. With effect from the Effective Date, each Obligor and GMI confirms that any security or guarantee created or given by it under the Finance Documents (including, in the case of each Obligor, under clause 25 (Guarantee and indemnity) of the Facility Agreement) will: 6.1 continue in full force and effect; and 6.2 extend to all liabilities and obligations of the Obligors arising under the Facility Agreement as amended by this Agreement.

Guarantee and Security. Each of the Lessee Guarantors has provided an irrevocable and unconditional corporate or personal guarantee with joint and several liability in favour of the Company in respect of all debt payable by Lessee E to the Company under each of the Direct Lease Agreements. Each of the following Supplier Guarantors has provided an irrevocable and unconditional corporate or personal guarantee with joint and several liability in favour of the Company in respect of all debt payable by Lessee E to the Company under each of the following Direct Lease Agreements: Supplier I the Direct Lease Agreement I the Direct Lease Agreement III the Direct Lease Agreement V the Direct Lease Agreement VI the Direct Lease Agreement IX the Direct Lease Agreement X the Direct Lease Agreement XI In respect of the Direct Lease Agreement VI, the Direct Lease Agreement VII, the Direct Lease Agreement VIII, the Direct Lease Agreement IX, the Direct Lease Agreement X, the Direct Lease Agreement XI, the Direct Lease Agreement XII, the Direct Lease Agreement XIII and the Direct Lease Agreement XIV, Lessee E also pledged certain production equipment and, among others, such ancillary, additional or substitution property of and rights in and interest accrued upon the production equipment as security to secure, among others, the performance of its obligations under each of the Direct Lease Agreements. Pursuant to the terms of the respective agreements between the following Suppliers and the Company, in the event that Lessee E fails to pay on time and in full the lease payment or any other amount under the following Direct Lease Agreement(s), the relevant Supplier agreed to, inter alia, repurchase from the Company the following Direct Lease Assets at a sum with reference to the difference of (a) the aggregate of the outstanding lease payment, the default payment and the retention consideration; and (b) the security deposit paid by ▇▇▇▇▇▇ E to the Company under the relevant Direct Lease Agreement(s). I Direct Lease Assets X Direct Lease Agreement X Direct Lease Assets XI Direct Lease Agreement XI Direct Lease Assets XII Direct Lease Agreement XII II Direct Lease Assets II Direct Lease Agreement II Direct Lease Assets XIII Direct Lease Agreement XIII III Direct Lease Assets IV Direct Lease Agreement IV Direct Lease Assets VII Direct Lease Agreement VII IV Direct Lease Assets XIV Direct Lease Agreement XIV

Guarantee and Security. The guarantee and security arrangements for each of the Finance Lease Agreements are set out below:

Guarantee and Security. With effect from the Effective Date, each Effective Date Debtor and (to the extent applicable) each Effective Date Security Grantor: (a) confirms its acceptance of the Amended Group ICA; (b) agrees that it is bound as a Debtor or as a Security Grantor (as applicable) by the terms of the Amended Group ICA; and (c) confirms and accepts that: (i) any Transaction Security created or given by it under a Pre-Effective Date Security Document will: (A) continue in full force and effect on the terms of the respective Finance Documents (including the Amended Group ICA, to the extent applicable); and (B) subject to Clause 2 (Amendment of the Group ICA, High Yield ICA and Security Trust Agreement) of this Deed, continue to extend to the Secured Obligations, under and as defined in paragraph [(a) or (b)] of that definition (as applicable) in the Amended Group ICA; and (ii) any guarantee or indemnity created or given by it under the Original Senior Facilities Agreement will continue in full force and effect on the terms of the respective Finance Documents (including the Amended Group ICA) and extend to all new obligations assumed by any Debtor under the Finance Documents as amended and restated by this Deed (including, but not limited to, any new obligations under the Amended Group ICA), subject to any applicable guarantee limitations set out in any relevant Finance Documents.

Guarantee and Security. The guarantee and security arrangements for the Finance Lease Agreements are set out below: The ultimate beneficial owner of the Lessee and one of its associates provide joint and several liability security for the debts under the Finance Lease Agreements.

Guarantee and Security. The guarantee and security package for the MTN shall include: (a) corporate guarantees from the 42 Subsidiary Guarantors under the Existing Public Notes; (b) the Common Security Package, to be shared with the holders of the STN and the holders of the LTN, on a pari passu basis; (c) whilst the STN is outstanding, to share security in respect of the Credit Enhancement Package with the STN (solely on the basis that the requisite intercreditor arrangement(s) will provide that the MTN will rank behind the STN), and when no STN is outstanding, first ranking security, over the Credit Enhancement Package; and (d) whilst the STN is outstanding, to share security in respect of the Allocation Account with the STN (solely on the basis that the requisite intercreditor arrangement(s) will provide that the MTN

Guarantee and Security. With effect from the Effective Date, each Obligor confirms that any security or guarantee created or given by it under the Finance Documents (including under clause 19 (Guarantee and indemnity) of the Facility Agreement) will: (a) continue in full force and effect; and (b) extend to all liabilities and obligations of the Obligors arising under the Facility Agreement as amended by this Agreement.