Business Guarantees definition

Business Guarantees means the guarantees, letters of credit, comfort letters, bonds, sureties and other credit support or assurances provided by Seller or any of its Affiliates (other than any Purchased Subsidiary) in support of any obligation of the Business or any Purchased Subsidiary set forth in Schedule 1.01(b).

Business Guarantees means all guarantees, letters of credit, letters of comfort, bonds (including customs, bid and performance bonds), sureties and other credit support or assurances provided by any of the Retained Entities (or entered into in the ordinary course of business consistent with past practice after the date of this Agreement and prior to the Relevant Closing with the prior written consent of Buyer (such consent not to be unreasonably withheld, conditioned or delayed)) in support of any obligation of the Businesses or the Transferred Entities, including those set forth on Schedule 1.01(b).

Business Guarantees means all guarantees, letters of credit, bonds, sureties and other credit support or assurances provided by Seller or any of its Affiliates (other than the Purchased Subsidiaries) in support of any obligation of the Business that are listed in Schedule 1.01(b).

Examples of Business Guarantees in a sentence

• On or as promptly as practicable following the date hereof, but in no event later than the Separation Time, Photowatt shall obtain replacements for such Business Guarantees or will either terminate the business transactions or programs of the member of the Photowatt Group supported or facilitated by such Business Guarantees or arrange for itself or one of its Affiliates to be substituted as the primary obligor thereto (collectively, the “Substitute Guarantees”).

• See 49 U.S.C. 41106.Civil Reserve Air Fleet (CRAF) Assured Business Guarantees.

• It is understood that none of such Business Guarantees shall continue after the Separation Time.

• Buyer shall, and hereby agrees to, indemnify and hold harmless Parent and its Subsidiaries from and after the Closing for any amounts required to be paid under any Business Guarantees.

• On the contrary, the fact that the test is “relative”, rather than the standard being a uniform one, means that the particular vulnerabilities of an asylum seeker may be relevant to the assessment.

More Definitions of Business Guarantees

Business Guarantees means any guarantees, credit support, letters of credit, bonds, cash deposits or similar arrangements issued by or on behalf of Seller in order to support or facilitate the Business.

Business Guarantees is defined in Section 7.3.

Business Guarantees means all guarantees, corporate or parent company guarantees, letters of credit, letters of comfort, escrows, bonds (including both bid and performance bonds), sureties, security agreements and other credit support or assurances, certificates of insurance and insurance endorsements however styled that provide third parties access to insurance as an “Additional Insured” or “Named Insured,” provided by Seller or any of its Subsidiaries (other than the Transferred Entities or the JV Entities) in support of any obligation of, or related to, the Business, the Transferred Entities, the JV Entities, the Transferred Assets or the Assumed Liabilities.

Business Guarantees has the meaning set forth in Section 2.7(a).

Business Guarantees has the meaning set forth in Section 4.22(a).

Business Guarantees have the meanings specified in Section 9.9(b).

Business Guarantees means all guarantees, letters of credit, comfort letters, bonds, sureties and other similar credit support or assurances provided by Seller or any of its Affiliates (other than any Purchased Subsidiary Company) in support of any obligation of the Business or any Purchased Subsidiary Company, a true, complete and correct list of which as of the date hereof is set forth on Schedule 1.01(c). If and to the extent the assignment or transfer to Buyer or its Affiliates (including, after the Closing Date, the Purchased Companies) of any Lease included in the Leased Real Property pursuant hereto does not completely and irrevocably release Seller and all the Retained Subsidiaries from all obligations and Liabilities under such Lease or requires that Seller or any of its Affiliates enter into a new guarantee, letter of credit, comfort letter, bond, surety and other credit support or assurance in respect of such Lease, such unreleased obligations, Liabilities, support or assurance shall be referred to herein as “Lease Guarantees” and shall be considered “Business Guarantees” hereunder. All Lease Guarantees shall be added to Schedule 1.01(c) as and when entered into.