Replacement Guaranty definition

Replacement Guaranty shall have the meaning set forth in Section 5.2.10(f) hereof.

Replacement Guaranty. A guaranty made by a Qualified Replacement Guarantor which shall contain provisions, terms and conditions similar in substance to the provisions, terms and conditions set forth in Article 17 of the MLSA and all such other portions of the MLSA that comprise the Lease Guaranty (as such term is defined in the MLSA).

Replacement Guaranty means a Guaranty executed by a Replacement Guarantor in a form acceptable to Funding Lender and in substantially the same form as the Guaranty executed on the same date as this Continuing Covenant Agreement. If the Replacement Guarantor is an entity, the Replacement Guarantor’s Guaranty will be modified to include, at Replacement Guarantor’s option, either Funding Lender’s current form of the Rider to Guaranty – Material Adverse Change, or Funding Lender’s current form of the Rider to Guaranty – Minimum Net Worth/Liquidity.

Examples of Replacement Guaranty in a sentence

• Recommendation: Approve Replacement Guaranty Agreement with Iberdrola USA, Inc.

• Any Qualified Replacement Guarantor that is not organized in the United States (and any Affiliates thereof that executed joinders to the guaranty) shall consent to jurisdiction of, and venue in, New York courts with respect to any action or proceeding with respect to this Lease, the MLSA, any Other Lease, any Other MLSA and any other Lease/MLSA Related Agreements including any Replacement Guaranty.

• Effective on the Effective Date, all of the Loan Documents are hereby amended to reflect that the Replacement Guarantor and the Replacement Guaranty replace the Guarantor and the Guaranty respectively commencing on the Effective Date and continuing at all times thereafter until the Replacement Guaranty is satisfied in accordance with the terms thereof..

• Replacement Guaranty shall provide security for the costs of repairing and/or replacing the Developer-Provided Public Improvements during the applicable Repair/Replacement Period, and in defending or removing claims of unpaid laborers, material suppliers and/or subcontractors who may attempt to assert a lien upon the Developer-Provided Public Improvements.

• If and when a Replacement Guaranty has been delivered to and accepted by Lender, this Agreement will terminate automatically solely with respect to matters first arising from and after the date of the Replacement Guaranty.

More Definitions of Replacement Guaranty

Replacement Guaranty shall have the meaning set forth in Section 8.5.

Replacement Guaranty. A guaranty made by a Qualified Replacement Guarantor which shall contain provisions, terms and conditions similar in form and substance to the provisions, terms and conditions of the Guaranty.

Replacement Guaranty. As defined in Section 3.6.

Replacement Guaranty means a Guaranty executed by a Replacement Guarantor in a form acceptable to Lender and in substantially the same form as the Guaranty executed on the Effective Date. If the Replacement Guarantor is an entity, then the Replacement Guarantor’s Guaranty will be modified to include, at Replacement Guarantor’s option, either Lender’s current form of the Rider to Guaranty – Material Adverse Change, or Lender’s current form of the Rider to Guaranty – Minimum Net Worth/Liquidity.

Replacement Guaranty is defined in Paragraph 21(k).

Replacement Guaranty means a Guaranty of Recourse Obligations substantially in the form attached as Exhibit C to the Recognition Agreement.

Replacement Guaranty is defined in Section 2.12 hereof.