Joint Guarantee Sample Clauses - Law Insider

Joint Guarantee. The Guarantors jointly and severally, unconditionally and irrevocably guarantee in respect of all Lenders, the full and punctual compliance ... JointGuaranteeSampleClausesFilter&SearchClause:JointGuaranteeContractTypeJurisdictionCountryIncludeKeywordsExcludeKeywordsAdditionalfiltersareavailableinsearchOpenSearchRelatedClausesParentGuaranteePaymentGuaranteeParentGuarantySubsidiaryGuaranteeTheGuaranteeGuaranteePaymentGuarantyGuaranteeAgreementLimitedGuaranteeSubsidiaryGuarantyParentClausesGuaranteePLACEOFCONTRACTPERFORMANCEDefinitionsINGBELGIUMSWhereasDefinitionsandInterpretationsRemoveAdvertisingRemoveAdvertisingOpenSplitViewDownloadShareCiteJointGuarantee. TheGuarantorsjointlyandseverally,unconditionallyandirrevocablyguaranteeinrespectofallLenders,thefullandpunctualcompliancewithallpaymentobligations(whetherprincipal,ordinaryinterest,lateinterest,fees,indemnities,expensesoranyotheritem)assumedbytheBorrowerunderthisContract,inthetermssetoutinthisStipulation.Sample1Sample2SaveCopyRemoveAdvertisingJointGuarantee. NeoPhotonicsCorporationshalljointlyguaranteethepurchasepaymentobligationofPurchaserstipulatedinthisAgreement.(Blankspacebelow)AsproofoftheaboveagreementbetweenthepartiestothisAgreement,twoagreementsshallbeprepared,eachthensignedandstampedbySellerandPurchaser,andeachpartyshallretainonecopythereof.January18,2013Seller:550-1HigashiAsakawa-Cho,Hachioji,TokyoLapisSemiconductorCo.,Ltd.RepresentativeDirector:NoriakiOkadaPurchaser:HachiojiAzuma-choCenterBuilding9F9-8Azuma-cho,Hachioji,TokyoNeoPhotonicsSemiconductorGKRepresentativePartner:NeoPhotonicsCorporationLimitedRepresentative:TimothyS.JenksInaccordancewiththestipulationsofArticle30,thefollowingpartyshalljointlyguaranteethepurchasepaymentobligationofPurchaserandsignsbelowasproofaccordingly.ParentCompany:NeoPhotonicsCorporationRepresentative:TimothyS.JenksAttachment1RealPropertyIndicationLand—550-10HigashiAsakawa-Cho,Hachioji,Tokyo(housinglot)14,264.03squaremetersBuilding—Housenumber550-9SignTypeNameUseStructureFloorsTotalfloorarea(squaremeters)MainbuildingResearchbuildingU1buildingResearchRCstructure612607.2Sign1CylinderroomNewVbuildinghigh-pressuregascontainerstorageareaCylinderstorageareaRCstructure122.96Sign2CylinderroomWarehouseWarehouseRCstructure143.03Sign3ChemicalstorageareaU1buildingchemicalstorageareaWarehouseSstructure1212.5Sign4OutdoorgasstorageareaU1buildingoutdoorgasstorageareaWarehouseRCstructure150.6Sign7WaterpurifyingroomSecondwaterpurifyingroomWaterpurifyingSstructure2208Attachment2DeliveryDocumentsListSample1SaveCopyJointGuarantee. TheGuarantorherebyunconditionallyandirrevocablyagreestoprovidejointguaranteetotheBorrower,assumingjointandseveralliabilitiesfortheBorrower’sdebtsunderthisAgreementandfeesincurredbytheAgentandtheBanksinexercisingorpreservingtheirrightsunderthisAgreement(forthepurposeofthisArticle9,suchdebtsandfeesarecollectivelyreferredtoasthe“Liabilities”).Tothemaximumextentpermittedbyapplicablelaws,theGuarantoragrees,representsandconfirmsasfollows:Sample1SaveCopyJointGuarantee. ForthedebtsguaranteedbytheGuarantor,iftheprincipaldebtorfailstoperformthecontract,theGuarantorshallberesponsibleforrepayingallsuchdebtamountsandshallagreetothefollowing:Sample1SaveCopyRelatedtoJointGuaranteeParentGuaranteeParentagreestotakeallactionnecessarytocauseMergerSubortheSurvivingCorporation,asapplicable,toperformallofitsrespectiveagreements,covenantsandobligationsunderthisAgreement.ParentunconditionallyguaranteestotheCompanythefullandcompleteperformancebyMergerSubortheSurvivingCorporation,asapplicable,ofitsrespectiveobligationsunderthisAgreementandshallbeliableforanybreachofanyrepresentation,warranty,covenantorobligationofMergerSubortheSurvivingCorporation,asapplicable,underthisAgreement.Thisisaguaranteeofpaymentandperformanceandnotcollectibility.Parentherebywaivesdiligence,presentment,demandofperformance,filingofanyclaim,anyrighttorequireanyproceedingfirstagainstMergerSubortheSurvivingCorporation,asapplicable,protest,noticeandalldemandswhatsoeverinconnectionwiththeperformanceofitsobligationssetforthinthisSection9.11.PaymentGuaranteeIfaproperlyscheduledelectronicpaymentisnotreceivedandpostedontimebythepayee,FISGlobalwillattempttoremoveanylatefeesorassessedfinancecharges.(Financechargesarecalculatedbasedonyourpaymentamountratherthanyourentirebalance.)Ifthepayeeisunwillingorunabletoremovethem,FISGlobalwillpaythefeesandfinancechargesdirectlytothepayee.Inaddition,FISGlobalwillattempttoaddanoteofexplanationtoyouraccounttoensurethatthesituationdoesnotnegativelyimpactyourcreditrating.ThePaymentGuaranteeappliestolatefeesand/orfinancechargesassociatedwiththelatepostingofapayment,providedthatthefollowingconditionsaremet:ParentGuarantyTheParentREITherebyirrevocably,absolutelyandunconditionallyguaranteesasprimaryobligorsandnotassuretytoeachholderofanyNoteorNotesatanytimeoutstandingthepromptpaymentinfull,inDollars,whendue(whetheratstatedmaturity,byacceleration,bymandatoryoroptionalprepaymentorotherwise)oftheprincipalofandMake-WholeAmount(ifany)andinterestontheNotes(includinginterestonanyoverdueprincipalandMake-WholeAmount(ifany)andinterestattheDefaultRate(ifany)andinterestaccruingatthethenapplicablerateprovidedintheNotesafterthefilingofanypetitioninbankruptcy,orthecommencementofanyinsolvencyreorganizationorlikeproceeding,relatingtotheCompany,whetherornotaclaimforpost-filingorpost-petitioninterestisallowedinsuchproceeding)andallotheramountsfromtimetotimeowingbytheCompanyunderthisAgreementandtheotherNoteDocumentstoanyholder(includingcosts,expensesandtaxes)(suchpaymentsbeinghereincollectivelycalledthe“GuaranteedObligations”).TheParentREITherebyfurtheragreesthatiftheCompanyshalldefaultinthepaymentofanyoftheGuaranteedObligations(aftergivingeffecttoallapplicablegraceandcureperiods),theParentREITwill(x)promptlypaythesame,withoutanydemandornoticewhatsoever,andthatinthecaseofanyextensionoftimeofpaymentorrenewalofanyoftheGuaranteedObligations,thesamewillbepromptlypaidinfullwhendue(whetheratextendedmaturity,byacceleration,bymandatoryprepaymentorotherwise)inaccordancewiththetermsofsuchextensionorrenewaland(y)paytotheholderofanyNotesuchamounts,totheextentlawful,asshallbesufficienttopaythecostsandexpensesofcollectionorofotherwiseenforcinganyofsuchholder’srightsunderthisAgreement,includingreasonablecounselfees.AllobligationsoftheParentREITunderthisSection13shallbereferredtoasthe“ParentGuaranty”andshallsurvivethetransferofanyNote.AnyobligationsoftheParentREITunderthisSection13withrespecttowhichtheunderlyingobligationoftheCompanyisexpresslystatedtosurvivepaymentofanyNoteshallalsosurvivepaymentofsuchNote.SubsidiaryGuaranteeForvaluereceived,eachoftheSubsidiaryGuarantorsnamed(ordeemedhereintobenamed)belowherebyjointlyandseverallyfullyandunconditionallyguaranteestotheHolderoftheSecurityuponwhichthisSubsidiaryGuaranteeisendorsed,andtotheTrusteeonbehalfofsuchHolder,thedueandpunctualpaymentoftheprincipalof(andpremium,ifany)andinterestonsuchSecuritywhenandasthesameshallbecomedueandpayable,whetherattheStatedMaturity,byacceleration,callforredemption,offertopurchaseorotherwise,accordingtothetermsthereofandoftheIndenturereferredtothereinandtocoveralltherightsoftheTrusteeunderSection607.IncaseofthefailureoftheCompanypunctuallytomakeanysuchpayment,eachoftheSubsidiaryGuarantorsherebyjointlyandseverallyagreestocausesuchpaymenttobemadepunctuallywhenandasthesameshallbecomedueandpayable,whetherattheStatedMaturityorbyacceleration,callforredemption,offertopurchaseorotherwise,andasifsuchpaymentweremadebytheCompany.EachoftheSubsidiaryGuarantorsherebyjointlyandseverallyagreesthatitsobligationshereundershallbeabsoluteandunconditional,irrespectiveof,andshallbeunaffectedby,thevalidity,regularityorenforceabilityofsuchSecurityortheIndenture,theabsenceofanyactiontoenforcethesameoranyrelease,amendment,waiverorindulgencegrantedtotheCompanyoranyotherguarantor,oranyconsenttodeparturefromanyrequirementofanyotherguaranteeofallorofanyoftheSecuritiesofthisseries,oranyothercircumstanceswhichmightotherwiseconstitutealegalorequitabledischargeordefenseofasuretyorguarantor;provided,however,that,notwithstandingtheforegoing,nosuchrelease,amendment,waiverorindulgenceshall,withouttheconsentofsuchSubsidiaryGuarantor,increasetheprincipalamountofsuchSecurity,orincreasetheinterestratethereon,oraltertheStatedMaturitythereof.EachoftheSubsidiaryGuarantorsherebywaivesthebenefitsofdiligence,presentment,demandofpayment,anyrequirementthattheTrusteeoranyoftheHoldersprotect,secure,perfectorinsureanysecurityinterestinorotherlienonanypropertysubjecttheretoorexhaustanyrightortakeanyactionagainsttheCompanyoranyotherPersonoranycollateral,filingofclaimswithacourtintheeventofinsolvencyorbankruptcyoftheCompany,anyrighttorequireaproceedingfirstagainsttheCompany,protestornoticewithrespecttosuchSecurityortheindebtednessevidencedtherebyandalldemandswhatsoever,andcovenantsthatthisSubsidiaryGuaranteewillnotbedischargedexceptbycompleteperformanceoftheobligationscontainedinsuchSecurityandinthisSubsidiaryGuarantee.EachSubsidiaryGuarantoragreesthatif,aftertheoccurrenceandduringthecontinuanceofanEventofDefaultwithrespecttoSecuritiesofthisseries,theTrusteeoranyoftheHoldersarepreventedbyapplicablelawfromexercisingtheirrespectiverightstoacceleratethematurityoftheSecuritiesofthisseries,tocollectinterestontheSecuritiesofthisseries,ortoenforceorexerciseanyotherrightorremedywithrespecttotheSecuritiesofthisseries,suchSubsidiaryGuarantoragreestopaytotheTrusteefortheaccountoftheHolders,upondemandtherefor,theamountthatwouldotherwisehavebeendueandpayablehadsuchrightsandremediesbeenpermittedtobeexercisedbytheTrusteeoranyoftheHolders.TheindebtednessofeachSubsidiaryGuarantorevidencedbythisSubsidiaryGuaranteeis,totheextentprovidedintheIndenture,subordinateinrightofpaymenttothepriorpaymentinfullofallSeniorDebtofsuchSubsidiaryGuarantor,andtheSubsidiaryGuaranteeofeachSubsidiaryGuarantorisissuedsubjecttotheprovisionsoftheIndenturewithrespectthereto.NoreferencehereintotheIndentureandnoprovisionofthisSubsidiaryGuaranteeoroftheIndentureshallalterorimpairtheSubsidiaryGuaranteeofanySubsidiaryGuarantor,whichisabsoluteandunconditional,ofthedueandpunctualpaymentoftheprincipal(andpremium,ifany)andinterestontheSecurityuponwhichthisSubsidiaryGuaranteeisendorsed.EachSubsidiaryGuarantorshallbesubrogatedtoallrightsoftheHolderofthisSecurityagainsttheCompanyinrespectofanyamountspaidbysuchSubsidiaryGuarantoronaccountofthisSecuritypursuanttotheprovisionsofitsSubsidiaryGuaranteeortheIndenture;provided,however,thatsuchSubsidiaryGuarantorshallnotbeentitledtoenforceortoreceiveanypaymentsarisingoutof,orbasedupon,suchrightofsubrogationuntiltheprincipalof(andpremium,ifany)andinterestonthisSecurityandallotherSecuritiesofthisseriesissuedundertheIndentureshallhavebeenpaidinfull.ThisSubsidiaryGuaranteeshallremaininfullforceandeffectandcontinuetobeeffectiveshouldanypetitionbefiledbyoragainsttheCompanyforliquidationorreorganization,shouldtheCompanybecomeinsolventormakeanassignmentforthebenefitofcreditorsorshouldareceiverortrusteebeappointedforalloranypartoftheCompany’sassets,andshall,tothefullestextentpermittedbylaw,continuetobeeffectiveorbereinstated,asthecasemaybe,ifatanytimepaymentandperformanceoftheSecuritiesofthisseriesis,pursuanttoapplicablelaw,rescindedorreducedinamount,ormustotherwiseberestoredorreturnedbyanyHolderoftheSecuritiesofthisseries,whetherasa“voidablepreference,”“fraudulenttransfer,”orotherwise,allasthoughsuchpaymentorperformancehadnotbeenmade.Intheeventthatanypayment,oranypartthereof,isrescinded,reduced,restoredorreturned,theSecuritiesofthisseriesshall,tothefullestextentpermittedbylaw,bereinstatedanddeemedreducedonlybysuchamountpaidandnotsorescinded,reduced,restoredorreturned.TheSubsidiaryGuarantorsoranyparticularSubsidiaryGuarantorshallbereleasedfromthisSubsidiaryGuaranteeuponthetermsandsubjecttocertainconditionsprovidedintheIndenture.BydeliverytotheTrusteeofasupplementtotheIndenturereferredtointheSecurityuponwhichthisSubsidiaryGuaranteeisendorsedinaccordancewiththetermsoftheIndenture,eachPersonthatbecomesaSubsidiaryGuarantorafterthedateoffirstissuanceoftheSecuritiesofthisserieswillbedeemedtohaveexecutedanddeliveredthisSubsidiaryGuaranteeforthebenefitoftheHolderoftheSecurityuponwhichthisSubsidiaryGuaranteeisendorsedwiththesameeffectasifsuchSubsidiaryGuarantorwerenamedbelowandhadexecutedanddeliveredthisSubsidiaryGuarantee.AlltermsusedinthisSubsidiaryGuaranteewhicharedefinedintheIndentureshallhavethemeaningsassignedtotheminsuchIndenture.ThisSubsidiaryGuaranteeshallnotbevalidorobligatoryforanypurposeuntilthecertificateofauthenticationontheSecurityuponwhichthisSubsidiaryGuaranteeisendorsedshallhavebeenexecutedbytheTrusteeundertheIndenturebymanualsignature.ReferenceismadetotheIndentureforfurtherprovisionswithrespecttothisSubsidiaryGuarantee.ThisSubsidiaryGuaranteeshallbegovernedbyandconstruedinaccordancewiththelawsoftheStateofNewYork.TheGuaranteeTheGuarantorsherebyjointlyandseverallyguarantee,asaprimaryobligorandnotasasuretytoeachSecuredPartyandtheirrespectivesuccessorsandassigns,thepromptpaymentinfullwhendue(whetheratstatedmaturity,byrequiredprepayment,declaration,demand,byaccelerationorotherwise)oftheprincipalofandinterest(includinganyinterest,fees,costsorchargesthatwouldaccruebutfortheprovisionsoftheTitle11oftheUnitedStatesCodeafteranybankruptcyorinsolvencypetitionunderTitle11oftheUnitedStatesCode)ontheLoansmadebytheLendersto,andtheNotesheldbyeachLenderof,Borrower,andallotherSecuredObligationsfromtimetotimeowingtotheSecuredPartiesbyanyLoanPartyunderanyLoanDocumentoranyHedgingAgreementorTreasuryServicesAgreemententeredintowithacounterpartythatisaSecuredParty,ineachcasestrictlyinaccordancewiththetermsthereof(suchobligationsbeinghereincollectivelycalledthe“GuaranteedObligations”).TheGuarantorsherebyjointlyandseverallyagreethatifBorrowerorotherGuarantor(s)shallfailtopayinfullwhendue(whetheratstatedmaturity,byaccelerationorotherwise)anyoftheGuaranteedObligations,theGuarantorswillpromptlypaythesameincash,withoutanydemandornoticewhatsoever,andthatinthecaseofanyextensionoftimeofpaymentorrenewalofanyoftheGuaranteedObligations,thesamewillbepromptlypaidinfullwhendue(whetheratextendedmaturity,byaccelerationorotherwise)inaccordancewiththetermsofsuchextensionorrenewal.GuaranteeTheGuarantorirrevocablyandunconditionallyagreestopayinfulltotheHolderstheGuaranteePayments(withoutduplicationofamountstheretoforepaidbytheIssuer),asandwhendue,regardlessofanydefense,rightofset-offorcounterclaimthattheIssuermayhaveorassert.TheGuarantor'sobligationtomakeaGuaranteePaymentmaybesatisfiedbydirectpaymentoftherequiredamountsbytheGuarantortotheHoldersorbycausingtheIssuertopaysuchamountstotheHolders.PaymentGuarantyEachGuarantorunconditionallyguaranteesandpromisestopayandperformasandwhendue,whetheratstatedmaturity,uponaccelerationorotherwise,anyandalloftheGuaranteedObligations.IfanyDebtorReliefProceedingrelatingtoanyBorroweriscommenced,eachGuarantorfurtherunconditionallyguaranteesandpromisestopayandperform,uponthedemandofAgent,anyandalloftheGuaranteedObligations(includinganyandallDisallowedPost-CommencementInterestandExpenses)inaccordancewiththetermsoftheCreditDocuments,whetherornotsuchobligationsarethendueandpayablebyanyGuarantorandwhetherornotsuchobligationsaremodified,reducedordischargedinsuchDebtorReliefProceeding.ThisGuarantyisaguarantyofpaymentandnotofcollection.GuaranteeAgreementByexecutinganddeliveringthisAssumptionAgreement,theSuccessorGuarantor,asprovidedinSection3.12oftheGuaranteeAgreement,herebybecomesapartytotheGuaranteeAgreementasaGuarantorthereunderwiththesameforceandeffectasiforiginallynamedthereinasaGuarantorand,withoutlimitingthegeneralityoftheforegoing,herebyexpresslyassumesallobligationsandliabilitiesofaGuarantorthereunder.LimitedGuarantee(a)ToinducetheGuaranteedPartytoenterintothatcertainAgreementandPlanofMerger,datedasofthedatehereof(asamended,restated,supplementedorotherwisemodifiedfromtimetotime,the“MergerAgreement”),byandamongCBPOHoldingsLimited,anexemptedcompanyincorporatedwithlimitedliabilityundertheLawsoftheCaymanIslands(“Parent”),CBPOGroupLimited,anexemptedcompanyincorporatedwithlimitedliabilityundertheLawsoftheCaymanIslandsandadirectwholly-ownedsubsidiaryofParent(“MergerSub”),andtheGuaranteedParty,pursuanttowhichMergerSubwillmergewithandintotheGuaranteedPartywiththeGuaranteedPartysurvivingthemerger(the“Merger”),theGuarantor,intendingtobelegallybound,herebyabsolutely,irrevocablyandunconditionallyguaranteestotheGuaranteedParty,asaprimaryobligorandnotmerelyasasurety,subjecttothetermsandconditionshereof,butonlyuptotheMaximumAmount(asdefinedbelow),thedueandpunctualpayment,performanceanddischargeoftheGuaranteedPercentageofParent’sobligation(a)topaytheGuaranteedPartytheParentTerminationFeeifandasrequiredpursuanttoSection8.2(b)(iii)oftheMergerAgreement,(b)topayanyamountsifandasrequiredpursuanttoSection8.2(d)oftheMergerAgreementand(c)topayanyamountsifandasrequiredpursuanttoSection6.11(d)oftheMergerAgreement(theobligationscontemplatedbytheimmediatelyprecedingclauses(a),(b)and(c),the“Obligations”,andtheGuarantor’sGuaranteedPercentageoftheObligations,the“GuaranteedObligations”);providedthatthemaximumaggregateliabilityoftheGuarantorhereundershallnotexceedtheMaximumAmount,andtheGuaranteedPartyherebyagreesthat(i)theGuarantorshallinnoeventberequiredtopaymorethantheMaximumAmountunder,inrespectoforinconnectionwiththisLimitedGuarantee,(ii)thisLimitedGuaranteemaynotbeenforcedwithoutgivingeffecttotheMaximumAmount,and(iii)theGuarantorshallnothaveanyobligationorliabilitytoanyPerson(including,withoutlimitation,totheGuaranteedPartyGroup(asdefinedbelow))relatingto,arisingoutoforinconnectionwiththisLimitedGuarantee,theMergerAgreement,theSupportAgreement,oranydocumentorinstrumentdeliveredinconnectionwiththeMergerAgreement,otherthantheRetainedClaims(asdefinedbelow).ThisLimitedGuaranteemaybeenforcedforthepaymentofmoneyonly.AllpaymentshereundershallbemadeinUnitedStatesdollarsinimmediatelyavailablefunds,unlessotherwiseagreedbythepartieshereto.ConcurrentlywiththedeliveryofthisLimitedGuarantee,eachofthepartiessetforthonScheduleA(eachan“OtherGuarantor”)isalsoenteringintoalimitedguaranteeinaformandsubstancesubstantiallyidentical(otherthanforthedefinitionsof“GuaranteedPercentage”and“MaximumAmount”)tothisLimitedGuarantee(each,an“OtherGuarantee”)withtheGuaranteedParty.ForpurposesofthisLimitedGuarantee,“SubsidiaryGuarantyAspromptlyaspossiblebutinanyeventwithinthirty(30)days(orsuchlaterdateasmayagreeduponbytheAdministrativeAgent)afteranyPersonbecomesaSubsidiary,otherthanan“ExcludedSubsidiary,”oraSubsidiaryceasestobean“ExcludedSubsidiary”(ineachcaseunderdefinitionofthatterm),theBorrowershallprovidetheAdministrativeAgentwithwrittennoticethereofsettingforthinformationinreasonabledetaildescribingthematerialassetsofsuchPersonandshallcauseeachsuchSubsidiarytodelivertotheAdministrativeAgenttheSubsidiaryGuarantypursuanttowhichsuchSubsidiaryagreestobeboundbythetermsandprovisionsofthereof,suchSubsidiaryGuarantytobeaccompaniedbyappropriateauthorizingresolutions,otherOrganicDocumentsandlegalopinionsinformandsubstancereasonablysatisfactorytotheAdministrativeAgentanditscounsel.