Guarantee of Payments Sample Clauses

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Guarantee of Payments. RV Centers has executed this Agreement for the limited purposes of paragraph 21. In this connection, RV Centers hereby unconditionally guarantees the punctual payment when due by the Company of all obligations payable by the Company to the Executive hereunder.
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Guarantee of Payments. In the event of a default under a Contract and --------------------- a replacement Contract is not readily available, the Corporation guarantees the payment when due of all sums currently or thereafter to be paid to the Investor under the defaulted Contract until such time as a replacement Contract is substituted therefor. The purpose of this Guarantee is to assure the Investor of his receiving all regularly scheduled payments owed under the Contracts in accordance with his investment in the Corporation pursuant to the aforesaid Offering. Notwithstanding this Guarantee, no reserve fund will be established by the Corporation for this purpose.
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Guarantee of Payments. The undersigned ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, (“Assignment Guarantor”), for value received and to induce the Community Development Authority of the City of Whitewater, Wisconsin (the “Lender”), to enter in to this assignment and assumption agreement, hereby guarantees: (1) Payment of all sums due or to become due as described in the Loan Agreement as well as any sums the Community Development Authority of the City of Whitewater incurs for the enforcement of the obligations set forth in the Loan Agreement and Loan, and
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Guarantee of Payments. The Guarantor hereby irrevocably and unconditionally guarantees to the Beneficiary (a) the due and punctual payment of all amounts payable by Services under the Biodiesel Marketing Agreement when the same become due and payable in accordance with the terms of the Biodiesel Marketing Agreement and the performance by Services of its other obligations under the Biodiesel Marketing Agreement; and (b) the performance of all obligations (whether for payment or other performance) by Services under the O&M Agreement and the Imperium Assignment Agreement. Upon any failure of Services to pay punctually any such amounts or perform any such obligations, and upon demand by the Beneficiary or its designee, in the manner set forth in Section 6.12, the Guarantor agrees to pay or cause to be paid such amounts and to fulfill or cause to be fulfilled such obligations; provided, that any delay by the Beneficiary in giving such demand will in no event affect the Guarantor’s obligations under this Guarantee Agreement.
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Guarantee of Payments. In order to guarantee Buyer’s obligation to pay under this Agreement and Service Agreement signed according to Article 7.1 of this Agreement, Buyer agrees to perform the following: (a) Buyer agrees to have ▇▇▇▇▇ ▇▇▇▇▇ and ▇▇▇▇▇ ▇▇▇▇ become its Joint Guarantors, to sign on this Agreement and Service Agreement to waive their rights of guaranty of collection under Article 745 of the Civil Code, and to be jointly and severally liable for Buyer’s due payments and interest and damages arising from this Agreement and the Service Agreement.
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Guarantee of Payments. The Company will apply, on a non-discriminatory and consistent basis, reasonable financial standards to assess and examine a supplier’s creditworthiness. These standards will take into consideration the scope of operations of each supplier and the level of risk to the Company. This determination will be aided by appropriate data concerning the supplier, including load data or reasonable estimates thereof, where applicable. A supplier shall satisfy its creditworthiness requirement and receive an unsecured credit limit by demonstrating that it has, and maintains, investment grade long-term bond ratings from any two (2) of the following three (3) rating agencies: Standard & Poors BBB- or higher ▇▇▇▇▇’▇ Investors’ Services Baa3 or higher Fitch IBCA BBB- or higher The supplier will provide the Company with its, or its parent company’s, most recent independently-audited financial statements, (if applicable) and, its or its parent’s most recent Form 10-K and Form 10-Q (if applicable). The Company shall make reasonable alternative credit arrangements with a supplier that is unable to meet the aforementioned criteria and with those suppliers whose credit requirements exceed their allowed unsecured credit limit. The supplier may choose from any of the following credit arrangements in a format acceptable to the Company: a guarantee of payment; an irrevocable Letter of Credit; a Prepayment Account established with the Company; a Surety Bond, including the Company as a beneficiary; or other mutually agreeable security or arrangement. The alternate credit arrangements may be provided by a party other than the AGS, including one or more ultimate customers. The fact that a guarantee of payment, irrevocable Letter of Credit, Prepayment Account, or Surety Bond is provided by a party other than the AGS shall not be a factor in the determination of the reasonableness of any alternative credit arrangement, as long as such party and the related credit arrangements meet the Company’s standard credit requirements. The amount of the security required must be and remain commensurate with the financial risks placed on the Company by that supplier, including recognition of that supplier’s performance. The Company will make available on request its credit requirements. A supplier may appeal the Company’s determination of credit requirements to the Commission or seek Staff mediation as to any dispute. The following collateral calculation applies to AGSs who serve retail customers in DP...
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Guarantee of Payments. Concurrently with the execution and delivery of this Agreement, ▇▇▇▇▇▇ ▇. ▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇ and ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, each the principal shareholder of a corporate general partner of ▇▇▇▇▇▇▇, and ▇▇▇▇ ▇▇▇▇▇▇▇, a general partner in ▇▇▇▇▇▇▇, agree to execute and deliver to Company a joint and several guarantee of ▇▇▇▇▇▇▇ obligations under Sections 4.01 and 4.02 hereof in the form attached hereto as Exhibit D. ARTICLE V AMPHITHEATER OPERATIONS
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Guarantee of Payments. Neurocrine shall concurrently with execution of this Amendment execute and deliver to Nexus a guarantee of the payments by the Company pursuant to Paragraphs 3 and 4 above in the form attached hereto as Exhibit "A".
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Related to Guarantee of Payments

  • Guarantee of Payment This Guarantee Agreement creates a guarantee of payment and not of collection. This Guarantee Agreement will not be discharged except by payment of the Guarantee Payments in full (without duplication of amounts theretofore paid by the Issuer) or upon distribution of Debentures to Holders as provided in the Trust Agreement.

  • 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.

  • Guarantee of Obligations (a) Each Guarantor hereby (i) guarantees, as principal obligor and not as surety only, to the Banks the prompt payment of the principal of and any and all accrued and unpaid interest (including interest which otherwise may cease to accrue by operation of any insolvency law, rule, regulation or interpretation thereof) on the Advances and all other obligations of each Borrower to the Banks and the Agent under this Agreement when due, whether by scheduled maturity, acceleration or otherwise, all in accordance with the terms of this Agreement and the Notes, including, without limitation, default interest, indemnification payments and all reasonable costs and expenses incurred by the Banks and the Agent in connection with enforcing any obligations of the Borrowers hereunder, including without limitation the reasonable fees and disbursements of counsel, (ii) guarantees the prompt and punctual performance and observance of each and every term, covenant or agreement contained in this Agreement and the Notes to be performed or observed on the part of each Borrower, (iii) guarantees the prompt and complete payment of all obligations and performance of all covenants of any Borrower under any interest rate or currency swap agreements or similar transactions with any Bank, and (iv) agrees to make prompt payment, on demand, of any and all reasonable costs and expenses incurred by the Banks or the Agent in connection with enforcing the obligations of the Guarantor hereunder, including, without limitation, the reasonable fees and disbursements of counsel (all of the foregoing being collectively referred to as the "Guaranteed Obligations"). (b) If for any reason any duty, agreement or obligation of any Borrower contained in this Agreement shall not be performed or observed by any Borrower as provided therein, or if any amount payable under or in connection with this Agreement shall not be paid in full when the same becomes due and payable, each Guarantor undertakes to perform or cause to be performed promptly each of such duties, agreements and obligations and to pay forthwith each such amount to the Agent for the account of the Banks regardless of any defense or setoff or counterclaim which any Borrower may have or assert, and regardless of any other condition or contingency.

  • Guaranty of Payment This Loan Guaranty is a guaranty of payment and not of collection. Each Loan Guarantor waives any right to require the Administrative Agent, the Issuing Bank or any Lender to ▇▇▇ any Borrower, any Loan Guarantor, any other guarantor of, or any other Person obligated for, all or any part of the Guaranteed Obligations (each, an “Obligated Party”), or otherwise to enforce its payment against any collateral securing all or any part of the Guaranteed Obligations.

  • Netting of Payments Subparagraph (ii) of Section 2(c) of this Agreement will apply to all Transactions (in each case starting from the date of this Agreement).