Guarantor Requirements Sample Clauses
The Guarantor Requirements clause sets out the obligations and qualifications that a guarantor must meet in a contractual agreement. Typically, this clause details the financial strength, legal standing, and documentation the guarantor must provide, such as proof of assets or creditworthiness. Its core function is to ensure that the party guaranteeing the obligations is reliable and capable of fulfilling the commitments if the primary party defaults, thereby reducing the risk for the beneficiary of the guarantee.
Guarantor Requirements. As promptly as possible but in any event within sixty (60) days (or such later date as may be agreed upon by the Administrative Agent) after any Person becomes a New Blue Owl Entity, the Loan Parties shall (a) provide the Administrative Agent with written notice thereof and (b) cause each such New Blue Owl Entity to execute and deliver to the Administrative Agent a Joinder Agreement pursuant to which such New Blue Owl Entity agrees to be bound by the terms and provisions thereof and hereof, which shall be accompanied by appropriate organizational resolutions, other organizational documentation and legal opinions in form and substance reasonably satisfactory to the Administrative Agent and its counsel. In connection therewith, the Administrative Agent and each Lender shall have received all documentation and other information regarding such New Blue Owl Entity as may be required to comply with the applicable “know your customer” rules and regulations, including the Patriot Act. Each such Person delivering a Joinder Agreement shall automatically become a Subsidiary Guarantor hereunder and thereupon shall have all of the rights, benefits, duties, and obligations in such capacity under the Loan Documents.
Guarantor Requirements. Cause or permit any Guarantor to own any Real Property other than Borrowing Base Assets.
Guarantor Requirements. The payment and performance of the Obligations shall at all times be guaranteed by each Material Subsidiary pursuant to Section 12 hereof or pursuant to one or more Guaranty Agreements; provided, however, that unless otherwise required by the Required Lenders during the existence of any Event of Default, Material Subsidiaries which are Foreign Subsidiaries or Foreign Partnerships shall not be required to be Guarantors hereunder if providing a Guaranty Agreement would cause an adverse effect on the Borrower’s federal income tax liability.
Guarantor Requirements. The Debenture Trustee is not in breach in any material respect of any Applicable Laws of the Host Country. The Debenture Trustee has not been engaged in: Corrupt Practices, Fraudulent Practices, Collusive Practices or Coercive Practices in connection with its business and operations, including the procurement or the execution of any contract for goods or works relating to its business; Money Laundering or acted in breach of any Applicable Law relating to Money Laundering; or the Financing of Terrorism. The Debenture Trustee is a company, duly incorporated and validly existing under the laws of the Host Country. The Debenture Trustee has the power to enter into, perform and deliver, and has taken all necessary action to authorise its entry into, performance and delivery of, this IIFCL Guarantee, the Debenture Documents to which it is a party and the transactions contemplated by them. The obligations of the Debenture Trustee under this IIFCL Guarantee are legal, valid, binding and enforceable obligations.