Bank Guaranty definition

Bank Guaranty shall have the meaning provided in Section 2B.01(a).

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Bank Guaranty means a guaranty executed by a LC Issuer with respect to obligations of a Borrower and provided pursuant to this Agreement.

Bank Guaranty has the meaning assigned to such term in the preamble of this Agreement.

Examples of Bank Guaranty in a sentence

• Any action taken or omitted to be taken by any Bank Guaranty Issuer under or in connection with any Bank Guaranty shall not create for such Bank Guaranty Issuer any resulting liability to the B/G Participants or any other Person unless such action is taken or omitted to be taken with gross negligence or willful misconduct (as determined by a court of competent jurisdiction in a final and non-appealable decision).

• Each Bank Guaranty Request shall include any other documents as such Bank Guaranty Issuer customarily requires in connection therewith.

• Promptly upon receipt of such notice, the Administrative Agent shall notify each B/G Participant, in writing, of such issuance, amendment or modification and if any B/G Participant shall so request, the Administrative Agent shall furnish said B/G Participant with a copy of such Bank Guaranty, such amendment or such modification, as the case may be.

• The Bermuda Borrower shall have no liability with respect to any U.S. Borrower Bank Guaranty which may be issued to the U.S. Borrower.

• Each Bank Guaranty shall constitute either a U.S. Borrower Bank Guaranty or a Bermuda Borrower Bank Guaranty.

More Definitions of Bank Guaranty

Bank Guaranty means any Guaranty of the Debt outstanding under the Bank Credit Agreement by a Subsidiary.

Bank Guaranty means the Guaranty by Bank Parent of Bank’s and Primary Servicer’s obligations under this Agreement and the Servicing Agreement.

Bank Guaranty means the Guaranty, as defined in the Credit Agreement.

Bank Guaranty means each of the Subsidiary Guaranties dated as of November 30, 2000, August 15, 2002 and September 30, 2002 of the Subsidiary Guarantors of Debt outstanding under the Credit Agreement, as such Guaranties may be amended, restated or otherwise modified, and any successor thereto.

Bank Guaranty a guaranty issued hereunder by an Offshore Credit Provider for the Borrower's or an Acceptable Subsidiary's account.

Bank Guaranty means the Guaranty contained in Section 10 of the Bank Credit Agreement binding upon each Borrower, each Hub Partnership, the Subsidiaries and other members of the Hub Group (as each such term is defined in the Bank Credit Agreement) and any other Guaranty Agreement entered into pursuant to said Section 10.

Bank Guaranty means each guaranty of a Guarantor in favor of the banks parties to the NCNB Agreement for which a similar guaranty shall have been issued to each holder of Notes.