Example ContractsClausesGuaranty and Security Agreement
Guaranty and Security Agreement
Guaranty and Security Agreement contract clause examples

Guaranty Agreement. On the Closing Date, each Guarantor shall have executed and delivered the First Lien Guaranty Agreement substantially in the form of [Exhibit H] (as may be amended, amended and restated, modified, supplemented, extended or renewed from time to time, the “Guaranty Agreement”).

Confirmation of Guaranty and Security. The Administrative Agent shall receive a certificate in form reasonably acceptable to it confirming that all Obligations under the Guaranty to which any of the Loan Parties is a party, including, but not limited to, the Obligations relating to the Term [[Unknown Identifier]] Loans under the Credit Agreement shall # remain in full force and effect notwithstanding the designation of any new document as a Loan Document or any additions, amendments, novation, substitution, or supplements of or to the Loan Documents and the imposition of any amended, new or more onerous obligations under the Loan Documents in relation to any Loan Party and # extend to all new obligations assumed by any Loan Party under any amended or new Loan Documents as a result of this Amendment (including, but not limited to, under the Credit Agreement), subject to applicable limitations set out in such Guaranty and the relevant Loan Documents.

Guaranty and Suretyship Agreement. Each Guarantor hereby guarantees, and becomes surety for, the prompt payment and performance when due (whether at stated maturity, by required prepayment, declaration, demand, by acceleration or otherwise) of # all of the Obligations owing by the Loan Parties to the Secured Parties, including all of the costs and expenses and all of the indemnities owing to any Secured Party or other Indemnitee under the provisions of [Sections 16.5 and 16.9]9] hereof, and # the costs and expenses of Agent in enforcing the provisions of this Article XVII (all collectively under the [foregoing clauses (a) and (b)])], the “Guaranteed Obligations”). The obligations and liabilities of the Guarantors under this Article XVII are joint and several, and each Guarantor hereby acknowledges and accepts such joint and several liability and further acknowledges and agrees that the joint and several liabilities of Guarantors under the provisions of this Article XVII shall be primary and direct liabilities and not secondary liabilities.

Security Agreement. This Mortgage is both a real property mortgage and a “security agreement” within the meaning of the UCC. The Mortgaged Property includes both real and personal property and all other rights and interests, whether tangible or intangible in nature, of Mortgagor in the Mortgaged Property. By executing and delivering this Mortgage, Mortgagor has granted to Mortgagee, as security for the Secured Obligations, a security interest in the UCC Collateral to the full extent that the UCC Collateral may be subject to the UCC. Mortgagor agrees to execute, deliver and file or refile, and hereby authorizes Mortgagee to prepare and file or refile, without any additional consent or authorization by Mortgagor, and as Mortgagor’s attorney-in-fact, any financing statement, continuation statement, or other instruments Mortgagee may reasonably require from time to time to perfect, correct, continue or renew such security interest under the UCC. For purposes of the security interests herein granted,

Security Agreement. On the Closing Date, each Credit Party shall have executed and delivered the First Lien Security Agreement substantially in the form of [Exhibit G] (as may be amended, amended and restated, modified, supplemented, extended or renewed from time to time, the “Security Agreement”) covering all of such Credit Party’s present and future Collateral referred to therein, and shall have delivered to the Collateral Agent:

Security Agreement. A Security Agreement, duly executed and delivered by the Initial Borrower in favor of the Administrative Agent for the benefit of the Secured Parties;

SECURITY AGREEMENT. LESSEE hereby grants LESSOR a continuing security interest in all existing and hereafter acquired property of LESSEE kept in any of LESSOR’s buildings (excluding LESSEE’s intellectual property, patents and accounts receivable) to secure the performance of all LESSEE’s obligations under this lease or any subsequent lease between the parties. all necessary amendments in connection with this security interest. This security agreement subsequent lease between the parties, and shall not negate or replace any continuing security interest of LESSOR under any prior lease between the parties. Default in the payment or performance of any of LESSEE’s obligations under this lease or any subsequent lease shall be a default under this security agreement and shall entitle LESSOR to immediately exercise all of the rights and remedies of a secured party under the Uniform Commercial Code as adopted in Massachusetts. In the event of default, LESSEE shall assist and facilitate LESSOR’s exercise of its rights under this section.

Breach of Guaranty, Guarantor Security Agreement or Pledge Agreement. Termination or breach of any Guaranty, Guarantor Security Agreement, Pledge Agreement or similar agreement executed and delivered to Agent in connection with the Obligations, or if any Guarantor or pledgor attempts to terminate, challenges the validity of, or its liability under, any such Guaranty, Guarantor Security Agreement, Pledge Agreement or similar agreement;

Security Agreement and Collateral. Subject to the Permitted Liens, the payment and performance of the Obligations are secured by first Liens on all business assets in favor of Lender created under the Security Agreement, the Mortgage and under any other instrument or agreement delivered to Lender in conjunction with this Loan Agreement, including, but not limited to, encumbering the following personal property (collectively, the “Personal Property Collateral”):

Guarantee and Security Agreement. The Guarantee and Security Agreement, duly executed and delivered by each of the parties to the Guarantee and Security Agreement.

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