Guarantees and Other Obligations. Enter into any agreement or arrangement to guarantee or, in any way or under any condition, assume or become obligated for all or any part of any financial or other obligation of another Person;
Guarantees and Other Obligations. Enter into any agreement or arrangement to guarantee or, in any way or under any condition, assume or become obligated for all or any part of any financial or other obligation of another Person, except:
(i) Non-Recourse Pledges;
(ii) guarantees or indemnities in respect of a portfolio of credit receivables originated by the Borrower and being subject of a sale, securitization or “synthetic” securitization as long as they exclusively relate to factoring or similar transactions with respect to the Borrower’s receivables in the ordinary course of business; provided, that after giving effect to the incurrence of any such obligations pursuant to items (i) and (ii), the Borrower and its Subsidiaries are in compliance with the following ratios, calculated in accordance with Section 5.01(l) (Financial Ratios) on a Pro Forma Basis:
(A) an Interest Coverage Ratio of not less than 3.0; and
(B) Net Debt to EBITDA Ratio of not more than 2.5;
Guarantees and Other Obligations. Unless the Minimum Required Security Coverage Ratio has been satisfied, enter into any agreement or arrangement to guarantee or, in any way or under any condition, assume or become obligated for all or any part of any financial or other obligation of another Person other than those existing at the time of signing including the Notes, provided that any agreement or arrangement to guarantee is non-recourse to the Guarantor and the value of the new guarantee is limited to the value of its collateral;
Guarantees and Other Obligations. (a) On or prior to the Distribution Date or as soon as practicable thereafter, Enova shall (with the reasonable cooperation of the applicable member(s) of the Parent Group) use its commercially reasonable efforts to have any member(s) of the Parent Group removed as guarantor of or obligor for any Enova Liability to the extent that they relate to Enova Liabilities, including in respect of those guarantees and other obligations set forth on Schedule 5.9(a).
(b) On or prior to the Distribution Date, to the extent required to obtain a release from a guarantee or other obligation of any member of the Parent Group, Enova shall execute a substitute document in the form of any such existing guarantee or such other form as is agreed to by the relevant parties to such guarantee agreement or other obligation, except to the extent that such existing guarantee contains representations, covenants or other terms or provisions either (i) with which Enova would be reasonably unable to comply or (ii) which would be reasonably expected to be breached.
(c) If the parties are unable to obtain, or to cause to be obtained, any such required removal as set forth in clauses (a) and (b) of this Section 5.9, (i) Enova shall, and shall cause the other members of the Enova Group to, indemnify, defend and hold harmless each of the Parent Indemnitees for any Liability arising from or relating to such guarantee or other obligation, as applicable, and shall, as agent or subcontractor for the applicable Parent Group guarantor or obligor, pay, perform and discharge fully all of the obligations or other Liabilities of such guarantor or obligor thereunder, and (ii) Enova shall not, and shall cause the other members of the Enova Group not to, agree to renew or extend the term of, increase any obligations under, or transfer to a third Person, any guarantee, lease, contract or other obligation for which a member of the Parent Group is or may be liable unless all obligations of the members of the Parent Group with respect thereto are thereupon terminated by documentation satisfactory in form and substance to Parent in its sole and absolute discretion.
Guarantees and Other Obligations. Notwithstanding the provisions of Section 5.02(b), enter into any agreement or arrangement to guarantee or, in any way or under any condition, assume or become obligated for all or any part of any financial or other obligation of another Person, except the Existing Guarantees set forth on Annex L;
Guarantees and Other Obligations. Enter into any agreement or arrangement to guarantee or, in any way or under any condition, assume or become obligated for all or any part of any financial or other obligation of another Person other than those existing at the time of signing including the Notes, provided that it is understood and agreed that IFC waives the Borrower's compliance with this paragraph (f) at all times during which the Security Coverage Ratio exceeds 1.6, but only if any agreement or arrangement to guarantee is non-recourse to the Guarantor and the value of the new guarantee is limited to the value of its collateral;
Guarantees and Other Obligations. No Obligor shall enter into any agreement or arrangement to guarantee or, in any way or under any condition, assume or become obligated for all or any part of any financial or other obligation of another Person except as provided in this agreement or guarantees that are entered into in the ordinary course of business which, in the aggregate, do not create liabilities in excess of exceed one million Dollars ($1,000,000) at any time.
Guarantees and Other Obligations. Marathon agrees to maintain in effect or to cause its subsidiaries to maintain in effect to support the Company each Guarantee and other obligation specified on Schedule 7.1(h) to the Marathon Asset Transfer and Contribution Agreement Disclosure Letter as required to be maintained after the Closing until the earlier of (i) the termination or expiration of such Guarantee or other obligation in accordance with its terms and (ii) the date the beneficiary of such Guarantee or other obligation agrees to release such Guarantee or other obligation on terms which would not impose any unreasonable financial cost or other burden on the Company.
Guarantees and Other Obligations. Ashland agrees to maintain in effect or to cause its subsidiaries to maintain in effect to support the Company each Guarantee and other obligation specified on Schedule 7.2(h) to the Ashland Asset Transfer and Contribution Agreement Disclosure Letter as required to be maintained after the Closing until the earlier of (i) the termination or expiration of such Guarantee or other obligation in accordance with its terms and (ii) the date the beneficiary of such Guarantee or other obligation agrees to release such Guarantee or other obligation on terms which would not impose any unreasonable financial cost or other burden on the Company.
Guarantees and Other Obligations. Neither Borrower shall enter into any agreement or arrangement to guarantee or, in any way or under any condition, assume or become obligated for all or any part of any financial or other obligation of another Person, except for Permitted Nueva Xxxxxxxxx Credit Support and except for the joint and several obligations of the Borrowers under the Finance Documents.
