Continuing Guaranty持续担保协议-3

-26-ContinuingGuaranty持续担保协议核心提示：TO:CCCBANK,NATIONALASSOCIATIONforitselfandasAgent1.GUARANTY;DEFINITIONS.Inconsiderationofanycreditorotherfinancialaccommodationheretofore,noworhereafterextendedormadetoBBB,INC.,a_________(STATE)corporation(BorrowerTO:CCCBANK,NATIONALASSOCIATIONforitselfandasAgent1.GUARANTY;DEFINITIONS.Inconsiderationofanycreditorotherfinancialaccommodationheretofore,noworhereafterextendedormadetoBBB,INC.,a_________(STATE)corporation(Borrower),byCCCBANK,NATIONALASSOCIATION,foritselfandasagentforoneormoreLenders(Bank),andforothervaluableconsideration,theundersignedAAA,INC.,a_________(STATE)corporation(Guarantor),jointlyandseverallyunconditionallyguaranteesandpromisestopaytoBank,ororder,ondemandinlawfulmoneyoftheUnitedStatesofAmericaandinimmediatelyavailablefunds,anyandallIndebtednessofBorrowertoBank.ThetermIndebtednessisusedhereininitsmostcomprehensivesenseandincludesanyandalladvances,debts,obligationsandliabilitiesofBorrower,heretofore,noworhereaftermade,incurredorcreated,whethervoluntaryorinvoluntaryandhoweverarising,whetherdueornotdue,absoluteorcontingent,liquidatedorunliquidated,determinedorundetermined,andwhetherBorrowermaybeliableindividuallyorjointlywithothers,orwhetherrecoveryuponsuchIndebtednessmaybeorhereafterbecomesunenforceable.ThetermLendersmeansthoseLenderslistedfromtimetotimeinthatCreditAgreementdatedasof_________,_________,_________(M,D,Y)betweenSchuffSteelCompany,a_________(STATE)corporationaspredecessorininteresttoBorrowerandBankasAdministrativeAgentfortheLendersandasArranger,IssuingBankandSwingLineLender.2.MAXIMUMLIABILITY;SUCCESSIVETRANSACTIONS;REVOCATION;OBLIGATIONUNDEROTHERGUARANTIES.TheliabilityofGuarantorshallnotexceedatanyonetimethesumof_________DOLLARS($,_________)forprincipal,plusallinterestthereonandcostsandexpensespertainingtotheenforcementofthisGuarantyand/orthecollectionoftheIndebtednessofBorrowertoBank.Notwithstandingtheforegoing,BankmaypermittheIndebtednessofBorrowertoexceedGuarantor’sliability.Thisisacontinuingguarantyandallrights,powersandremedieshereundershallapplytoallpast,presentandfutureIndebtednessofBorrowertoBank,includingthatarisingundersuccessivetransactionswhichshalleithercontinuetheIndebtedness,increaseordecreaseit,orfromtimetotimecreatenewIndebtednessafteralloranypriorIndebtednesshasbeensatisfied,andnotwithstandingthedeath,incapacity,dissolution,liquidationorbankruptcyofBorrowerorGuarantororanyothereventorproceedingaffectingBorrowerorGuarantor.ThisGuarantyshallnotapplytoanynewIndebtednesscreatedafteractualreceiptbyBankofwrittennoticeofitsrevocationastosuchnewIndebtedness;providedhowever,thatloansoradvancesmadebyBanktoBorrowerafterrevocationundercommitmentsexistingpriortoreceiptbyBankofsuchrevocation,andextensions,renewalsormodifications,ofanykind,ofIndebtednessincurredbyBorrowerorcommittedbyBankpriortoreceiptbyBankofsuchrevocation,shallnotbeconsiderednewIndebtedness.AnysuchnoticemustbesenttoBankbyregisteredU.S.mail,postageprepaid,addressedtoitsofficeat_________,Attention:_________,oratsuchotheraddressasBankshallfromtimetotimedesignate.AnypaymentbyGuarantorshallnotreduceGuarantor’smaximumobligationhereunderunlesswrittennoticetothateffectisactuallyreceivedbyBankatorpriortothetimeofsuchpayment.TheobligationsofGuarantorhereundershallbeinadditiontoanyobligationsofGuarantorunderanyotherguarantiesofanyliabilitiesorobligationsofBorroweroranyotherpersonheretoforeorhereaftergiventoBankunlesssaidotherguarantiesareexpresslymodifiedorrevokedinwriting;andthisGuarantyshallnot,unlessexpresslyhereinprovided,affectorinvalidateanysuchotherguaranties.3.OBLIGATIONSJOINTANDSEVERAL;SEPARATEACTIONS;WAIVEROFSTATUTEOFLIMITATIONS;REINSTATEMENTOFLIABILITY.TheobligationshereunderarejointandseveralandindependentoftheobligationsofBorrower,andaseparateactionoractionsmaybebroughtandprosecutedagainstGuarantorwhetheractionisbroughtagainstBorroweroranyotherperson,orwhetherBorroweroranyotherpersonisjoinedinanysuchactionoractions.GuarantoracknowledgesthatthisGuarantyisabsoluteandunconditional,therearenoconditionsprecedenttotheeffectivenessofthisGuaranty,andthisGuarantyisinfullforceandeffectandisbindingonGuarantorasofthedatewrittenbelow,regardlessofwhetherBankobtainscollateraloranyguarantiesfromothersortakesanyotheractioncontemplatedbyGuarantor.GuarantorwaivesthebenefitofanystatuteoflimitationsaffectingGuarantor’sliabilityhereunderortheenforcementthereof,andGuarantoragreesthatanypaymentofanyIndebtednessorotheractwhichshalltollanystatuteoflimitationsapplicabletheretoshallsimilarlyoperatetotollsuchstatuteoflimitationsapplicabletoGuarantor’sliabilityhereunder.TheliabilityofGuarantorhereundershallbereinstatedandrevivedandtherightsofBankshallcontinueifandtotheextentforanyreasonanyamountatanytimepaidonaccountofanyIndebtednessguaranteedherebyisrescindedormustotherwiseberestoredbyBank,whetherasaresultofanyproceedingsinbankruptcyorreorganizationorotherwise,allasthoughsuchamounthadnotbeenpaid.ThedeterminationastowhetheranyamountsopaidmustberescindedorrestoredshallbemadebyBankinitssolediscretion;providedhowever,thatifBankchoosestocontestanysuchmatterattherequestofGuarantor,GuarantoragreestoindemnifyandholdBankharmlessfromandagainstallcostsandexpenses,includingreasonableattorneys’fees,expendedorincurredbyBankinconnectiontherewith,includingwithoutlimitation,inanylitigationwithrespectthereto.4.AUTHORIZATIONSTOBANK.GuarantorauthorizesBankeitherbeforeorafterrevocationhereof,withoutnoticetoordemandonGuarantor,andwithoutaffectingGuarantor’sliabilityhereunder,fromtimetotimeto:(a)alter,compromise,renew,extend,accelerateorotherwisechangethetimeforpaymentof,orotherwisechangethetermsoftheIndebtednessoranyportionthereof,includingincreaseordecreaseoftherateofinterestthereon;(b)takeandholdsecurityforthepaymentofthisGuarantyortheIndebtednessoranyportionthereof,andexchange,enforce,waive,subordinateorreleaseanysuchsecurity;(c)applysuchsecurityanddirecttheorderormannerofsalethereof,includingwithoutlimitation,anon-judicialsalepermittedbythetermsofthecontrollingsecurityagreementordeedoftrust,asBankinitsdiscretionmaydetermine;(d)releaseorsubstituteanyoneormoreoftheendorsersoranyotherguarantorsoftheIndebtedness,oranyportionthereof,oranyotherpartythereto;and(e)applypaymentsreceivedbyBankfromBorrowertoanyIndebtednessofBorrowertoBank,insuchorderasBankshalldetermineinitssolediscretion,whetherornotsuchIndebtednessiscoveredbythisGuaranty,andGuarantorherebywaivesanyprovisionoflawregardingapplicationofpaymentswhichspecifiesotherwise.BankmaywithoutnoticeassignthisGuarantyinwholeorinpart.UponBank’srequest,GuarantoragreestoprovidetoBankcopiesofGuarantor’sfinancialstatements.5.REPRESENTATIONSANDWARRANTIES.GuarantorrepresentsandwarrantstoBankthat:(a)thisGuarantyisexecutedatBorrower’srequest;(b)Guarantorshallnot,withoutBank’spriorwrittenconsent,sell,lease,assign,encumber,hypothecate,transferorotherwisedisposeofallorasubstantialormaterialpartofGuarantor’sassetsotherthanintheordinarycourseofGuarantor’sbusiness;(c)BankhasmadenorepresentationtoGuarantorastothecreditworthinessofBorrower;and(d)GuarantorhasestablishedadequatemeansofobtainingfromBorroweronacontinuingbasisfinancialandotherinformationpertainingtoBorrower’sfinancialcondition.Guarantoragreestokeepadequatelyinformedfromsuchmeansofanyfacts,eventsorcircumstanceswhichmightinanywayaffectGuarantor’sriskshereunder,andGuarantorfurtheragreesthatBankshallhavenoobligationtodisclosetoGuarantoranyinformationormaterialaboutBorrowerwhichisacquiredbyBankinanymanner.6.GUARANTOR’SWAIVERS.(a)GuarantorwaivesanyrighttorequireBankto:(i)proceedagainstBorroweroranyotherperson;(ii)marshalassetsorproceedagainstorexhaustanysecurityheldfromBorroweroranyotherperson;(iii)givenoticeoftheterms,timeandplaceofanypublicorprivatesaleofpersonalpropertysecurityheldfromBorroweroranyotherperson,orotherwisecomplywiththeprovisionsofA.R.S.Section47-9504;(iv)takeanyactionorpursueanyotherremedyinBank’spower;or(v)makeanypresentmentordemandforperformance,orgiveanynoticeofnonperformance,protest,noticeofprotestornoticeofdishonorhereunderorinconnectionwithanyobligationsorevidencesofindebtednessheldbyBankassecurityfororwhichconstituteinwholeorinparttheIndebtednessguaranteedhereunder,orinconnectionwiththecreationofneworadditionalIndebtedness.(b)Guarantorwaivesanydefensetoitsobligationshereunderbaseduponorarisingbyreasonof:(i)anydisabilityorotherdefenseofBorroweroranyotherperson;(ii)thecessationorlimitationfromanycausewhatsoever,otherthanpaymentinfull,oftheIndebtednessofBorroweroranyotherperson;(iii)anylackofauthorityofanyofficer,director,partner,agentoranyotherpersonactingorpurportingtoactonbehalfofBorrower,ifacorporation,partnershiporothertypeofentity,oranydefectintheformationofsuchBorrower;(iv)theapplicationbyBorroweroftheproceedsofanyIndebtednessforpurposesotherthanthepurposesrepresentedbyBorrowerto,orintendedorunderstoodby,BankorGuarantor;(v)anyactoromissionbyBankwhichdirectlyorindirectlyresultsinoraidsthedischargeofBorroweroranyportionoftheIndebtednessbyoperationoflaworotherwise,orwhichinanywayimpairsorsuspendsanyrightsorremediesofBankagainstBorrower;(vi)anyimpairmentofthevalueofanyinterestinanysecurityfortheIndebtednessoranyportionthereof,includingwithoutlimitation,thefailuretoobtainormaintainperfectionorrecordationofanyinterestinanysuchsecurity,thereleaseofanysuchsecuritywithoutsubstitution,and/orthefailuretopreservethevalueof,ortocomplywithapplicablelawindisposingof,anysuchsecurity;or(vii)anymodificationoftheIndebtedness,inanyformwhatsoever,includinganymodificationmadeafterrevocationhereoftoanyIndebtednessincurredpriortosuchrevocation,andincludingwithoutlimitationtherenewal,extension,accelerationorotherchangeintimeforpaymentof,orotherchangeinthetermsof,theIndebtednessoranyportionthereof,includingincreaseordecreaseoftherateofinterestthereon.UntilallIndebtednessshallhavebeenpaidinfull,Guarantorshallhavenorightofsubrogation,andGuarantorwaivesanyrighttoenforceanyremedywhichBanknowhasormayhereafterhaveagainstBorroweroranyotherperson,andwaivesanybenefitof,oranyrighttoparticipatein,anysecuritynoworhereafterheldbyBank.GuarantorfurtherwaivesallrightsanddefensesGuarantormayhavearisingoutof(A)anyelectionofremediesbyBank,eventhoughthatelectionofremedies,suchasanon-judicialforeclosurewithrespecttoanysecurityforanyportionoftheIndebtedness,destroysGuarantor’srightsofsubrogationorGuarantor’srightstoproceedagainstBorrowerforreimbursement,or(B)anylossofrightsGuarantormaysufferbyreasonofanyrights,powersorremediesofBorrowerinconnectionwithanyanti-deficiencylawsoranyotherlawslimiting,qualifyingordischargingBorrower’sIndebtedness,whetherbyoperationoflaworotherwise,includinganyrightsGuarantormayhavetoafairmarketvaluehearingtodeterminethesizeofadeficiencyfollowinganytrustee’sforeclosuresaleorotherdispositionofanyrealpropertysecurityforanyportionoftheIndebtedness,andGuarantorwaivesthebenefitsofA.R.S.Sections12-1566,12-1641etseq.,33-814,44-142andRule17(F)oftheArizonaRulesofCivilProcedure.7.BANK’SRIGHTSWITHRESPECTTOGUARANTOR’SPROPERTYINBANK’SPOSSESSION.Inadditiontoallliensuponandrightsofsetoffagainstthemonies,securitiesorotherpropertyofGuarantorgiventoBankbylaw,Bankshallhavealienuponandarightofsetoffagainstallmonies,securitiesandotherpropertyofGuarantornoworhereafterinthepossessionoforondepositwithBank,whetherheldinageneralorspecialaccountordepositorforsafekeepingorotherwise,andeverysuchlienandrightofsetoffmaybeexercisedwithoutdemanduponornoticetoGuarantor.NolienorrightofsetoffshallbedeemedtohavebeenwaivedbyanyactorconductonthepartofBank,orbyanyneglecttoexercisesuchrightofsetoffortoenforcesuchlien,orbyanydelayinsodoing,andeveryrightofsetoffandlienshallcontinueinfullforceandeffectuntilsuchrightofsetofforlienisspecificallywaivedorreleasedbyBankinwriting.8.SUBORDINATION.AnyIndebtednessofBorrowernoworhereafterheldbyGuarantorisherebysubordinatedtotheIndebtednessofBorrowertoBank.SuchIndebtednessofBorrowertoGuarantorisassignedtoBankassecurityforthisGuarantyandtheIndebtednessand,ifBankrequests,shallbecollectedandreceivedbyGuarantorastrusteeforBankandpaidovertoBankonaccountoftheIndebtednessofBorrowertoBankbutwithoutreducingoraffectinginanymannertheliabilityofGuarantorundertheotherprovisionsofthisGuaranty.AnynotesorotherinstrumentsnoworhereafterevidencingsuchIndebtednessofBorrowertoGuarantorshallbemarkedwithalegendthatthesamearesubjecttothisGuarantyand,ifBanksorequests,shallbedeliveredtoBank.Guarantorwill,andBankisherebyauthorizedinthenameofGuarantorfromtimetotimeto,executeandfilefinancingstatementsandcontinuationstatementsandexecutesuchotherdocumentsandtakesuchotheractionasBankdeemsnecessaryorappropriatetoperfect,preserveandenforceitsrightshereunder.9.REMEDIES;NOWAIVER.Allrights,powersandremediesofBankhereunderarecumulative.Nodelay,failureordiscontinuanceofBankinexercisinganyright,powerorremedyhereundershallaffectoroperateasawaiverofsuchright,powerorremedy;norshallanysingleorpartialexerciseofanysuchright,powerorremedypreclude,waiveorotherwiseaffectanyotherorfurtherexercisethereofortheexerciseofanyotherright,powerorremedy.Anywaiver,permit,consentorapprovalofanykindbyBankofanybreachofthisGuaranty,oranysuchwaiverofanyprovisionsorconditionshereof,mustbeinwritingandshallbeeffectiveonlytotheextentsetforthinwriting.10.COSTS,EXPENSESANDATTORNEYS’FEES.GuarantorshallpaytoBankimmediatelyupondemandthefullamountofallpayments,advances,charges,costsandexpenses,includingreasonableattorneys’fees(toincludeoutsidecounselfeesandallallocatedcostsofBank’sin-housecounsel),expendedorincurredbyBankinconnectionwiththeenforcementofanyofBank’srights,powersorremediesand/orthecollectionofanyamountswhichbecomeduetoBankunderthisGuaranty,andtheprosecutionordefenseofanyactioninanywayrelatedtothisGuaranty,whetherincurredatthetrialorappellatelevel,inanarbitrationproceedingorotherwise,andincludinganyoftheforegoingincurredinconnectionwithanybankruptcyproceeding(includingwithoutlimitation,anyadversaryproceeding,contestedmatterormotionbroughtbyBankoranyotherperson)relatingtoGuarantororanyotherpersonorentity.AlloftheforegoingshallbepaidbyGuarantorwithinterestfromthedateofdemanduntilpaidinfullatarateperannumequaltothegreateroftenpercent(10%)orthePrimeRateineffectfromtimetotime.ThePrimeRateisabaseratethatBankfromtimetotimeestablishesandwhichservesasthebasisuponwhicheffectiveratesofinterestarecalculatedforthoseloansmakingreferencethereto.11.SUCCESSORS;ASSIGNMENT.ThisGuarantyshallbebindinguponandinuretothebenefitoftheheirs,executors,administrators,legalrepresentatives,successorsandassignsoftheparties;providedhowever,thatGuarantormaynotassignortransferanyofitsinterestsorrightshereunderwithoutBank’spriorwrittenconsent.GuarantoracknowledgesthatBankhastherighttosell,assign,transfer,negotiateorgrantparticipationsinalloranypartof,oranyinterestin,anyIndebtednessofBorrowertoBankandanyobligationswithrespectthereto,includingthisGuaranty.Inconnectiontherewith,BankmaydisclosealldocumentsandinformationwhichBanknowhasorhereafteracquiresrelatingtoGuarantorand/orthisGuaranty,whetherfurnishedbyBorrower,Guarantororotherwise.GuarantorfurtheragreesthatBankmaydisclosesuchdocumentsandinformationtoBorrower.12.AMENDMENT.ThisGuarantymaybeamendedormodifiedonlyinwritingsignedbyBankandGuarantor.13.UNDERSTANDINGWITHRESPECTTOWAIVERS;SEVERABILITYOFPROVISIONS.GuarantorwarrantsandagreesthateachofthewaiverssetforthhereinismadewithGuarantor’sfullknowledgeofitssignificanceandconsequences,andthatunderthecircumstances,thewaiversarereasonableandnotcontrarytopublicpolicyorlaw.IfanywaiverorotherprovisionofthisGuarantyshallbeheldtobeprohibitedbyorinvalidunderapplicablepublicpolicyorlaw,suchwaiverorotherprovisionshallbeineffectiveonlytotheextentofsuchprohibitionorinvalidity,withoutinvalidatingtheremainderofsuchwaiverorotherprovisionoranyremainingprovisionsofthisGuaranty.14.GOVERNINGLAW.ThisGuarantyshallbegovernedbyandconstruedinaccordancewiththelawsoftheStateofArizona.15.ARBITRATION.(a)Arbitration.Uponthedemandofanyparty,anyDisputeshallberesolvedbybindingarbitration(exceptassetforthin(e)below)inaccordancewiththetermsofthisGuaranty.ADisputeshallmeananyaction,dispute,claimorcontroversyofanykind,whetherincontractortort,statutoryorcommonlaw,legalorequitable,nowexistingorhereafterarisingunderorinconnectionwith,orinanywaypertainingto,thisGuarantyandeachotherdocument,contractandinstrumentrequiredherebyornoworhereafterdeliveredtoBankinconnectionherewith(collectively,theDocuments),oranypast,presentorfutureextensionsofcreditandotheractivities,transactionsorobligationsofanykindrelateddirectlyorindirectlytoanyoftheDocuments,includingwithoutlimitation,anyoftheforegoingarisinginconnectionwiththeexerciseofanyself-help,ancillaryorotherremediespursuanttoanyoftheDocuments.AnypartymaybysummaryproceedingsbringanactionincourttocompelarbitrationofaDispute.AnypartywhofailsorrefusestosubmittoarbitrationfollowingalawfuldemandbyanyotherpartyshallbearallcostsandexpensesincurredbysuchotherpartyincompellingarbitrationofanyDispute.(b)GoverningRules.ArbitrationproceedingsshallbeadministeredbytheAmericanArbitrationAssociation(AAA)orsuchotheradministratorasthepartiesshallmutuallyagreeuponinaccordancewiththeAAACommercialArbitrationRules.AllDisputessubmittedtoarbitrationshallberesolvedinaccordancewiththeFederalArbitrationAct(Title9oftheUnitedStatesCode),notwithstandinganyconflictingchoiceoflawprovisioninanyoftheDocuments.ThearbitrationshallbeconductedatalocationinArizonaselectedbytheAAAorotheradministrator.Ifthereisanyinconsistencybetweenthetermshereofandanysuchrules,thetermsandproceduressetforthhereinshallcontrol.AllstatutesoflimitationapplicabletoanyDisputeshallapplytoanyarbitrationproceeding.AlldiscoveryactivitiesshallbeexpresslylimitedtomattersdirectlyrelevanttotheDisputebeingarbitrated.Judgmentuponanyawardrenderedinanarbitrationmaybeenteredinanycourthavingjurisdiction;providedhowever,thatnothingcontainedhereinshallbedeemedtobeawaiverbyanypartythatisabankoftheprotectionsaffordedtoitunder12U.S.C.Section91oranysimilarapplicablestatelaw.(c)NoWaiver;ProvisionalRemedies,Self-HelpandForeclosure.Noprovisionhereofshalllimittherightofanypartytoexerciseself-helpremediessuchassetoff,foreclosureagainstorsaleofanyrealorpersonalpropertycollateralorsecurity,ortoobtainprovisionalorancillaryremedies,includingwithoutlimitationinjunctiverelief,sequestration,attachment,garnishmentortheappointmentofareceiver,fromacourtofcompetentjurisdictionbefore,afterorduringthependencyofanyarbitrationorotherproceeding.Theexerciseofanysuchremedyshallnotwaivetherightofanypartytocompelarbitrationhereunder.(d)ArbitratorQualificationsandPowers;Awards.ArbitratorsmustbeactivemembersoftheArizonaStateBarorretiredjudgesofthestateorfederaljudiciaryofArizona,withexpertiseinthesubstantivelawapplicabletothesubjectmatteroftheDispute.ArbitratorsareempoweredtoresolveDisputesbysummaryrulingsinresponsetomotionsfiledpriortothefinalarbitrationhearing.Arbitrators(i)shallresolveallDisputesinaccordancewiththesubstantivelawofthestateofArizona,(ii)maygrantanyremedyorreliefthatacourtofthestateofArizonacouldorderorgrantwithinthescopehereofandsuchancillaryreliefasisnecessarytomakeeffectiveanyaward,and(iii)shallhavethepowertoawardrecoveryofallcostsandfees,toimposesanctionsandtotakesuchotheractionsastheydeemnecessarytothesameextentajudgecouldpursuanttotheFederalRulesofCivilProcedure,theArizonaRulesofCivilProcedureorotherapplicablelaw.AnyDisputeinwhichtheamountincontroversyis$,_________orlessshallbedecidedbyasinglearbitratorwhoshallnotrenderanawardofgreaterthan$,_________(includingdamages,costs,feesandexpenses).Bysubmissiontoasinglearbitrator,eachpartyexpresslywaivesanyrightorclaimtorecovermorethan$,_________.AnyDisputeinwhichtheamountincontroversy