Qualifying Affiliate Guarantee definition

Qualifying Affiliate Guarantee means a Qualifying Guarantee provided by a Reference Entity in respect of an Underlying Obligation of a Downstream Affiliate of that Reference Entity.

Qualifying Affiliate Guarantee means a Qualifying Guarantee provided by the Reference Entity in respect of an Underlying Obligation of a Downstream Affiliate of the Reference Entity.

Qualifying Affiliate Guarantee means a Qualifying Guarantee provided by the Bond Issuer in respect of an Underlying Obligation of a Downstream Affiliate of the Bond Issuer.

Examples of Qualifying Affiliate Guarantee in a sentence

• For the purposes of Sections 4.7(a), 4.7(b) and 4.9, the term Obligation shall be deemed to include Underlying Obligations for which the Reference Entity is acting as provider of (i) in the case of a Reference Entity in respect of which “All Guarantees” is not stated to be applicable in the relevant Standard, a Qualifying Affiliate Guarantee and (ii) in the case of a Reference Entity in respect of which “All Guarantees” is stated to be applicable in the relevant Standard, a Qualifying Guarantee.

• Qualifying Affiliate Guarantee means a Qualifying Guarantee provided by a Reference Entity in respect of an Underlying Obligation of a Downstream Affiliate of that Reference Entity.

• For purposes of (a), (b) and (c) above, the term Obligation shall be deemed to include Underlying Obligations for which the Reference Entity is acting as provider of a Qualifying Affiliate Guarantee or, if All Guarantees is specified as applicable, as provider of any Qualifying Guarantee.

• If you are not satisfied with the local resolution, then, any further comments or suggestions should be put in writing, within 14 days of your return, specifying the problems to hello@krisfranken.com.

• For the purposes of the definition of Restructuring and the definition of Multiple Holder Obligation the term Obligation shall be deemed to include Underlying Obligations for which the Reference Entity is acting as provider of a Qualifying Affiliate Guarantee or, if All Guarantees are applicable, as provider of any Qualifying Guarantee.

More Definitions of Qualifying Affiliate Guarantee

Qualifying Affiliate Guarantee means a Qualifying Guarantee provided by the Collateral Obligor in respect of an Underlying Obligation of a whose outstanding Voting Shares are more than 50 percent owned, directly or indirectly, by the Collateral Obligor.

Qualifying Affiliate Guarantee means a Qualifying Guarantee provided by a Reference Entity in respect of an Underlying Obligation of an entity whose outstanding voting shares were at the date of issuance of the Qualifying Guarantee, more than 50 percent owned, directly or indirectly, by the Reference Entity.

Qualifying Affiliate Guarantee means a Qualifying Guarantee provided by a Reference Entity in respect

Qualifying Affiliate Guarantee means an arrangement evidenced by a written instrument pursuant to which the Borrower (or any Successor of the Borrower) irrevocably agrees (by guarantee of payment or equivalent legal arrangement) to pay all amounts due under an obligation (the “Underlying Obligation”) for which a Downstream Affiliate is the obligor. Qualifying Affiliate Guarantees shall exclude any arrangement (x) structured as a surety bond, financial guarantee insurance policy, letter of credit or equivalent legal arrangement or (y) pursuant to the terms of which the payment obligations of the Borrower (or any Successor of the Borrower) can be discharged, reduced or otherwise altered or assigned (other than by operation of law) as a result of the occurrence or non-occurrence of an event or circumstance (other than payment).

Qualifying Affiliate Guarantee means an arrangement evidenced by a written instrument pursuant to which the Reference Entity irrevocably agrees (by guarantee of payment or equivalent legal arrangement) to pay all amounts due under an obligation (the “Underlying Obligation”) for which another party is the obligor (the “Underlying Obligor”) excluding any arrangement (i) structured as a surety bond, financial guarantee insurance policy, letter of credit or equivalent legal arrangement or (ii) pursuant to the terms of which the payment obligations of the Reference Entity can be discharged, reduced or otherwise altered or assigned (other than by operation of law) as the result of the occurrence or non-occurrence of any event or circumstance (other than payment) provided by the Reference Entity in respect of an obligation of an entity whose outstanding shares or other interests that have the power to elect the board of directors or similar governing body of an entity were, at the date of issuance of the relevant guarantee, more than 50% owned, directly or indirectly, by the Reference Entity.

Qualifying Affiliate Guarantee means a Qualifying Guarantee provided by a Portfolio Issuer in respect of an Underlying Asset in respect of which the Underlying Obligor is an entity whose outstanding Voting Shares were, at the date of issuance of the Qualifying Guarantee, more than 50 per cent. owned, directly or indirectly, by the Portfolio Issuer.

Qualifying Affiliate Guarantee means a Qualifying Guarantee provided by a Reference Entity with respect to an Underlying Obligation of a Downstream Affiliate of the Reference Entity.