Corporate Guaranty definition

Corporate Guaranty means a legal document used by an entity to guaranty the obligations of another entity.

Corporate Guaranty means a legal document, in a form acceptable to PJM and/or PJMSettlement, used by a Credit Affiliate of an entity to guaranty the obligations of another entity.

Corporate Guaranty means a Corporate Guaranty in the form attached hereto as Exhibit D to be executed by each Corporate Guarantor and by any Person who may be required to execute and deliver the same pursuant to Section 6.13, as each of the same may hereafter be amended, restated, supplemented or otherwise modified from time to time.

Examples of Corporate Guaranty in a sentence

• Example: Participants A and B each have a $10.0 million Corporate Guaranty from their common parent, a holding company with an Unsecured Credit Allowance calculation of$12.0 million.

• A Foreign Guaranty is a Corporate Guaranty that is provided by an Affiliate entity that is domiciled in a country other than the United States or Canada.

• The Corporate Guaranty must be signed by an officer of the Guarantor, and must demonstrate that it is duly authorized in a manner acceptable to PJMSettlement.

• The Corporate Guaranty should clearly state the identities of the “Guarantor,” “Beneficiary” (PJMSettlement) and “Obligor” (Participant).

• If a Corporate Guaranty is being utilized to establish credit for a Participant, the guarantor will be evaluated and the Unsecured Credit Allowance or Financial Security requirement will be based on the financial strength of the Guarantor.

More Definitions of Corporate Guaranty

Corporate Guaranty means that certain guaranty of payment for the benefit of the Lender dated the date hereof to the Lender from the Corporate Guarantor, as the same may from time to time be amended, restated, supplemented or otherwise modified.

Corporate Guaranty is defined in the DDA.

Corporate Guaranty means each Corporate Guaranty in favor of Lender from each Corporate Guarantor, each dated as of the date hereof, and any other guaranty entered into after the date hereof by any Corporate Guarantor in favor of Lender.

Corporate Guaranty means the Corporate Guaranty in the form attached hereto as Exhibit D to be executed and delivered by the Corporate Guarantors, as the same may hereafter be amended, restated, supplemented or otherwise modified from time to time.

Corporate Guaranty. The Guaranty from the Sponsor to DOE in the amount of $2,397,000 to be used only to replenish the amount in the Debt Service Reserve Account to the Debt Service Reserve Requirement.

Corporate Guaranty has the meaning set forth in Section 5.07(a).

Corporate Guaranty shall have the meaning set forth in Section 3.1 hereof.