Borrower Guarantees definition

Borrower Guarantees means, collectively, the Limited Guarantees executed this date by Borrower and Affiliates of Borrower in favor of Lender guaranteeing the Affiliate Loans, and any extensions, renewals, modifications or replacements thereof or therefor.
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Borrower Guarantees means the limited liability guarantees to be provided by the Borrower guaranteeing the present and future, direct and indirect obligations of any future Borrower Subsidiaries to Royal under the credit facility established pursuant to Section 3.1(b) in favour of the Borrower and, with the consent of Royal, to be available for utilization by Subsidiaries of the Borrower in respect of EFT Transfers and PDS Services including overdrafts and cash management debits and liabilities, as amended, modified, supplemented extended, renewed or replaced from time to time;
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Borrower Guarantees means the one or more guarantees to be entered into by the Borrowers in favour of the Administrative Agent, in form and substance satisfactory to the Administrative Agent and as the same may be amended, modified, supplemented or replaced from time to time, and pursuant to which each Borrower shall guarantee all of the Secured Obligations of each other Borrower to the extent they relate to the Secured Risk Management Agreements of such other Borrowers.
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Examples of Borrower Guarantees in a sentence

  • Notwithstanding the aggregate dollar limitations on liability under the Guarantee, the Borrower Guarantees and the Borrower Subsidiaries’ Guarantees, Royal acknowledges that the respective dollar limitations set out in those guarantees are not intended to be cumulative.

  • Notwithstanding that the Guarantee, the Borrower Guarantees and the Borrower Subsidiaries’ Guarantees are expressed to be payable on demand, Royal will not demand payment thereof except when an Event of Default has occurred and is continuing.

  • The Borrower further agrees that if any Person (other than the Borrower) Guarantees or provides collateral in any manner for any Debt of the Borrower or any Subsidiary, it will simultaneously cause such Person to Guarantee or provide collateral for the Loans equally and ratably with all Debt Guaranteed or secured by such Person pursuant to documentation in form and substance reasonably satisfactory to the Bank and such Person.

  • Any liabilities in respect of EFT Transfers and PDS Services including overdrafts and cash management debts and liabilities, shall be obligations under the credit facility established pursuant to §3.1(b) and shall be secured by the Guarantee, the Borrower Guarantees and the Borrower Subsidiaries’ Guarantees and otherwise be subject to the applicable provisions of the Agreement.

  • At all times after the Closing Date, the Obligations shall be secured in accordance with Royal’s Security, and the Borrower agrees that it will from time to time execute or cause to be executed any Borrower Guarantees and Borrower Subsidiaries’ Guarantees and any such documents will be part of Royal’s Security.

  • Any liabilities in respect of EFT Transfers and PDS Services including overdrafts and cash management debts and liabilities, shall be obligations under the credit facility established pursuant to Section 3.1(b) and shall be secured by the Guarantee, the Borrower Guarantees and the Borrower Subsidiaries’ Guarantees and otherwise be subject to the applicable provisions of the Agreement.

  • The Borrower Guarantees, the Guarantees and the Security Documents shall be entered into in favour of the Administrative Agent for the rateable benefit of the Finance Parties.

  • As continuing collateral security for the Secured Obligations, the Borrowers shall, and shall cause the Guarantors to, execute and deliver the Borrower Guarantees, the Guarantees and the Security Documents.

  • Notwithstanding that the Guarantee, the Borrower Subsidiaries' Guarantees and the Borrower Guarantees are expressed to be payable on demand, Royal will not demand payment thereof except after an Event of Default.

  • Facility 2 may be utilized through sureties (Bürgschaften), sureties upon first demand (Bürgschaften auf erstes Anfordern), guarantees (including bonds and standby letters of credit) or guarantees upon first demand (Garantien auf erstes Anfordern) issued upon instruction of the Borrower ("Guarantees") in EUR and if individually agreed upon also in foreign currency.


More Definitions of Borrower Guarantees

Borrower Guarantees means the one or more guarantees to be entered into by the Borrowers in favour of the Administrative Agent, in form and substance satisfactory to the Administrative Agent and as the same may be amended, modified, supplemented or replaced from time to time, and pursuant to which (i) each RT Borrower shall guarantee all of the Secured Obligations of each other RT Borrower to the extent they relate to the Secured Risk Management Agreements of such other RT Borrowers,
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Borrower Guarantees means, as applied to Borrower, all guarantees, endorsements or other contingent or surety obligations with respect to obligations of others whether or not reflected on the balance sheet of Borrower, including any obligation to furnish funds, directly or indirectly (whether by virtue of partnership arrangements, by agreement to keep-well or otherwise), through the purchase of goods, supplies or services, or by way of stock purchase, capital contribution, advance or loan, or to enter into a contract for any of the foregoing, for the purpose of payment of obligations of any other Person.
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Borrower Guarantees means the limited liability gurantee, in form and content satisfactory to Royal, to be provided by the Borrower guaranteeing the present and future, direct and indirect obligations of LP Engineered Wood Products Ltd. and Louisiana-Pacific B.
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Borrower Guarantees means the limited liability guarantees each dated for reference September 15, 2003 guaranteeing the present and future, direct and indirect obligations of LP Engineered and LP Forest to Royal under the credit facility established pursuant to §3.1(b) in favour of the Borrower and, with the consent of Royal, to be available for utilization by Subsidiaries of the Borrower in respect of EFT Transfers and PDS Services including overdrafts and cash management debits and liabilities, as amended, modified, supplemented extended, renewed or replaced from time to time;
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Borrower Guarantees means the one or more guarantees to be entered into by the Borrowers in favour of the Administrative Agent, in form and substance satisfactory to the Administrative Agent and as the same may be amended, modified, supplemented or replaced from time to time, and pursuant to which (i) each RT Borrower shall guarantee all of the Secured Obligations of each other RT Borrower to the extent they relate to the Secured Risk Management Agreements of such other RT Borrowers, (ii) the NRT Borrower shall guarantee all of the Secured Obligations of the RT Borrowers and (iii) each RT Borrower shall guarantee all of the Secured Obligations of the NRT Borrower.
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Related to Borrower Guarantees

  • Other Guarantees means all guarantees, other than this Preferred Securities Guarantee, to be issued by the Guarantor with respect to preferred securities (if any) similar to the Preferred Securities, issued by trusts other than the Issuer to be established by the Guarantor (if any), in each case similar to the Issuer.

  • Subsidiary Guarantees means the guarantees of each Subsidiary Guarantor as provided in Article Thirteen.

  • Credit Party Obligations means, without duplication, (a) all of the obligations of the Credit Parties to the Lenders (including the Issuing Lender) and the Administrative Agent, whenever arising, under this Credit Agreement, the Notes, or any of the other Credit Documents to which any Credit Party is a party and (b) all liabilities and obligations owing from such Credit Party to any Lender, or any Affiliate of a Lender, arising under Hedging Agreements.

  • Canadian Guarantee means the Canadian Guarantee Agreement, made by each of the Canadian Guarantors in favor of the Canadian Administrative Agent for the benefit of the Lenders to the Canadian Borrower, substantially in the form of Exhibit A-1, as the same may be amended, supplemented or otherwise modified from time to time.

  • VA Loan Guaranty Agreement means the obligation of the United States to pay a specific percentage of a Mortgage Loan (subject to a maximum amount) upon default of the Mortgagor pursuant to the Servicemen’s Readjustment Act, as amended.