De Minimis Guaranteed Amount definition

De Minimis Guaranteed Amount means a principal amount of Indebtedness that does not exceed $5.0 million.
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De Minimis Guaranteed Amount means a principal amount of Indebtedness that does not exceed $5,000,000.
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De Minimis Guaranteed Amount means a principal amount of Indebtedness that does not exceed $30 million.
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Examples of De Minimis Guaranteed Amount in a sentence

  • If ION or any of its Restricted Subsidiaries acquires or creates another Domestic Subsidiary (other than an Immaterial Subsidiary) or any other Restricted Subsidiary guarantees Indebtedness of ION or any Domestic Subsidiary in excess of a De Minimis Guaranteed Amount, then such Subsidiary will become a Guarantor and execute a supplemental indenture and deliver an Opinion of Counsel satisfactory to the Trustee within 30 Business Days of the date on which it was acquired or created.

  • Notwithstanding the preceding, any Note Guarantee of a Restricted Subsidiary that was incurred pursuant to this paragraph shall provide by its terms that it shall be automatically and unconditionally released at such time as such Guarantor ceases to Guarantee or otherwise be an obligor with respect to any other Indebtedness of either of the Issuers or any other Guarantor in excess of the De Minimis Guaranteed Amount.

  • Notwithstanding the preceding, any Subsidiary Guarantee of a Restricted Subsidiary of the Company that was incurred pursuant to this Section 4.13 will be released at such time as such Guarantor ceases both (x) to guarantee any other Indebtedness of either of the Issuers and any other Guarantor in excess of a De Minimis Guaranteed Amount and (y) to be an obligor with respect to any Indebtedness under any Credit Facility.

  • In addition, if, after the date of this Indenture, any Restricted Subsidiary of the Company that is not already a Guarantor guarantees any other Indebtedness of the Company or any Guarantor in excess of the De Minimis Guaranteed Amount, then that Subsidiary shall become a Guarantor.

  • Notwithstanding the preceding, any guarantee of a Restricted Subsidiary that was incurred pursuant to this Section 4.13 as a result of a guarantee of any other Indebtedness in excess of a De Minimis Guaranteed Amount shall provide by its terms that it shall be automatically and unconditionally released upon the release or discharge of the guarantee that resulted in the creation of such Restricted Subsidiary’s guarantee, except a discharge or release by, or as a result of payment under, such guarantee.


More Definitions of De Minimis Guaranteed Amount

De Minimis Guaranteed Amount means a principal amount of Indebtedness of $5.0 million.
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De Minimis Guaranteed Amount means a principal amount of Indebtedness that does not exceed $10 million in the aggregate.
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De Minimis Guaranteed Amount means $10,000,000.
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De Minimis Guaranteed Amount means a principal amount of Indebtedness equal to $5.0 million.
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De Minimis Guaranteed Amount means a principal amount of Indebtedness that does not exceed $5,000,000. “Disinterested Director” means, with respect to an Affiliate Transaction or series of related Affiliate Transactions, a member of the Board of Directors of the Company who has no financial interest, and whose employer has no financial interest, in such Affiliate Transaction or series of related Affiliate Transactions.
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De Minimis Guaranteed Amount means $5,000,000.
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De Minimis Guaranteed Amount means a principal amount of Indebtedness equal to (i) in the case of indebtedness incurred in a single or related series of transactions or incurrences, $10 million or (ii) in the aggregate, $25 million.
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