Guaranty Limit Amount

Guaranty Limit Amount. Shall mean, as of any date of determination, the sum, as of such date after giving effect to any adjustments thereto made pursuant to the Loan Agreement, of (i) the Rollover Reserve Offset Amount, plus (ii) the Required Repairs Reserve Offset Amount, plus (iii) the Tax and Insurance Reserve Offset Amount, plus (iv) the Capital Reserve Offset Amount. The Guaranty Limit Amount as of the date hereof is $16,767,547. Guarantor and Lender hereby acknowledge and agree that the respective amounts of... the Rollover Reserve Offset Amount, the Required Repairs Reserve Offset Amount, the Tax and Insurance Reserve Offset Amount, and/or the Capital Reserve Offset Amount may be adjusted as provided in the Loan Agreement (whether increased and/or decreased, all as more specifically set forth therein) one or more times, from time to time while the Loan is outstanding, and such adjustments will result in corresponding increases and/or decreases in the Guaranty Limit Amount, all in accordance with, and subject to, the applicable terms and provisions set forth in the Loan Agreement. View More