Carveout Guaranty definition

Carveout Guaranty means that certain Carveout Guaranty, dated as of the Closing Date, executed by Carveout Guarantor in favor of Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

Carveout Guaranty means any guaranty of non-recourse carveouts or indemnity for environmental liabilities given to a Lender in connection with any Loan, which guaranty or indemnity is in form and substance satisfactory to the applicable Lender and approved in advance in writing by the Members (including, without limitation, any such guaranty or indemnity required by Current Lender in connection with the BAML Loan, it being agreed that the “Guaranties” as defined in the Contribution Agreement are approved by the Members).

Carveout Guaranty means each Guaranty of Recourse Obligations dated as of the date hereof, from a Guarantor in favor of Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

Examples of Carveout Guaranty in a sentence

• The BR Member, in its sole and absolute discretion may, if it elects to do so, provide or cause one of its Affiliates to provide, a Non-Recourse Carveout Guaranty on terms and conditions satisfactory to BR Member in its sole discretion.

• Neither BR Member nor any Affiliate of BR Member shall be required to execute a Recourse Guaranty or Non-Recourse Carveout Guaranty.

• Carveout Guarantor has the power and authority to execute and deliver the Carveout Guaranty, the Environmental Indemnification Agreement and the other Loan Documents to which it is a party.

• Except as set forth in the immediate prior sentence, neither the BR Member nor any Affiliate of BR Member shall be required to execute a Recourse Guaranty or Non-Recourse Carveout Guaranty.

• In connection with the JPM Loan, the parties acknowledge and agree that NS Managing Member shall only be required to deliver to Chatham Managing Member a full and unconditional release of all liability under the Carveout Guaranty arising for events first occurring after the effective date of the removal of Chatham Managing Member as Managing Member (and not a release for all acts other than those arising from acts of Chatham Managing Member).

More Definitions of Carveout Guaranty

Carveout Guaranty means the Guaranty of Carveout Guarantor in favor of Lender of even date herewith.

Carveout Guaranty. That certain guaranty dated as of the Closing Date, executed by Guarantor in favor of the Class A Lender.

Carveout Guaranty means the Indemnity and Guaranty Agreement dated as of the date hereof, made by Guarantor in favor of Lender, as modified, amended and/or supplemented from time to time. “Cash Collateral Account” shall have the meaning ascribed to such term in Section 2.4(b) hereof.

Carveout Guaranty means that certain Guaranty of Carveout Guarantor in favor of Lender of even date herewith.

Carveout Guaranty means that certain Guaranty of Recourse Obligations of even date herewith from Carveout Guarantor for the benefit of Lender.

Carveout Guaranty means that certain Indemnity and Guaranty Agreement dated as of even date herewith executed and delivered by Onyx Guarantor collectively in favor of Lender pursuant to this Agreement.

Carveout Guaranty means that certain Nonrecourse Carveout Guaranty dated of even date herewith, executed by Wells Mid-Horizon Value-Added Fund I, LLC, in favor of Beneficiary, as the same may hereafter be amended or restated.