Counter Guarantor definition

Counter Guarantor means the person issuing a counter-guarantee;
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Counter Guarantor means Banca Commerciale Italiana SpA.
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Counter Guarantor means, as the context may require, any or all of the Airbus Counter-Guarantor, the GECC Counter-Guarantor and any person who becomes a counter-guarantor after the date hereof with respect to Tranche B-2.
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Examples of Counter Guarantor in a sentence

  • Except as approved, no substantial change will be made to the general nature of the business of the Counter Guarantor or the Obligors from that carried on at the date of this Agreement.

  • No Obligor (acting in any capacity whatsoever) will agree to cross-default provisions as part of another loan or credit agreement entered into with a financier which are more beneficial to that financier than those provisions set out in clause 28.6 (Cross-Default) other than those mentioned in the Counter Guarantor Representations Letter.

  • The transfer of facilities will not have any effect upon the ability of APS, PWCC, or PWE to meet their contractual obligations.

  • The Counter Guarantee and the Guarantee duly executed and a copy, certified by an approved person to be a true and complete copy of the Counter Guarantor Representations Letter.

  • On or after the date a Guarantor or a Counter Guarantor (as the case may be) enters into a Guarantor Accession Agreement or a Counter Guarantor Accession Agreement (as the case may be), the guarantee in Clause 15 (Guarantee) or the counter guarantee in Clause 16 (Counter Guarantee) (as the case may be) is not, or is alleged by a Guarantor or a Counter Guarantor (as the case may be) not to be, binding on or enforceable against a Guarantor or a Counter Guarantor (as the case may be).

  • Where any discharge (whether in respect of the obligations of any Obligor or any security for those obligations or otherwise) is made in whole or in part or any arrangement is made on the faith of any payment, security or other disposition which is avoided or must be restored on insolvency, liquidation or otherwise without limitation, the liability of each Counter Guarantor under this Clause 16 shall continue as if the discharge or arrangement had not occurred.

  • Once in every financial year, or more frequently if requested to do so by the Agent if the Agent reasonably suspects a Default is continuing or may have occurred or may occur, the Borrower shall procure that one director of the Counter Guarantor give a presentation to the Finance Parties about the on-going business and financial performance of the Group and any other matter which a Finance Party may reasonably request.

  • Guarantor Accession Agreement or Counter Guarantor Accession Agreement (as the case may be) duly executed by the Guarantor or Counter Guarantor (as the case may be) .

  • Each Counter Guarantor waives any right it may have of first requiring any Guarantor to proceed against or enforce any other rights or security or claim payment from any person before a claim is made from a Counter Guarantor under this Clause 16.

  • The Agent shall have received evidence of the appointment of CT Corporation as process agent for each of the [***] Supplemental Guarantor and the [***] Counter Guarantor.


More Definitions of Counter Guarantor

Counter Guarantor means the company nominated by the Borrower and accepted by the Agent (acting with the authority of the Lenders) in the Guarantee Nomination Letter as the company to provide the Counter Guarantee;
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Counter Guarantor. ’ means the party issuing a counter guarantee, whether in favour of a guarantor or another Counter Guarantor, and includes a party acting on its own account.
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Counter Guarantor means, as the context may require, any or all of the Airbus Counter-Guarantor, the GECC Counter-Guarantor and the debis Counter-Guarantor. "Counter-Guarantor Letter of Credit" means, with respect to any applicable Counter-Guarantee, an irrevocable standby letter of credit issued by a "Letter of Credit Bank" (as defined in such Counter-Guarantee), in favor of the Agent, in the form required under such Counter-Guarantee.
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Counter Guarantor has the meaning given to it in Clause 27.4(a)(iii) (Accession).
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Counter Guarantor means a person acceptable to the Lenders at their discretion which may now or at any time throughout the Facility Period guarantee the obligations and liabilities of the Borrower to the Lenders.
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Related to Counter Guarantor

  • Seller Guarantor has the meaning set forth in the introductory paragraph to this Agreement.

  • Guarantor means any one of them.

  • U.S. Guarantor means a Guarantor whose jurisdiction of organisation is a state of the United States of America or the District of Columbia.

  • Canadian Guarantor means any Guarantor that is a Canadian Subsidiary.

  • Non-Guarantor means any Restricted Subsidiary that is not a Guarantor.

  • Obligated Party has the meaning assigned to such term in Section 10.02.

  • U.S. Subsidiary Guarantor means each U.S. Subsidiary which has executed and delivered to the U.S. Administrative Agent the U.S. Subsidiary Guaranty (or a supplement thereto).

  • Subsidiary Guarantor means, collectively, the Subsidiaries of the Borrower that are Guarantors.

  • Specified Guarantor means any Guarantor that is not an “eligible contract participant” under the Commodity Exchange Act (determined prior to giving effect to Section 11.12).

  • Guarantor Subsidiary means each Guarantor other than Holdings.

  • Guaranteed Party means the Borrower and each Subsidiary thereof party to any Interest Rate Protection Agreement or Other Hedging Agreement with an Other Creditor. Each Guarantor understands, agrees and confirms that the Secured Creditors may enforce this Guaranty up to the full amount of the Guaranteed Obligations against such Guarantor without proceeding against any other Guarantor, the Borrower, any other Guaranteed Party, against any security for the Guaranteed Obligations, or under any other guaranty covering all or a portion of the Guaranteed Obligations.

  • Eligible Guarantor means an entity that (A) has credit ratings at least equal to the Approved Ratings Threshold or (B) has credit ratings at least equal to the Required Ratings Threshold, provided, for the avoidance of doubt, that an Eligible Guarantee of an Eligible Guarantor with credit ratings below the Approved Ratings Threshold will not cause a Collateral Event (as defined in the Credit Support Annex) not to occur or continue.

  • Canadian Subsidiary Guarantor each Canadian Subsidiary of any Canadian Borrower which executes and delivers the Canadian Guarantee and Collateral Agreement, in each case, unless and until such time as the respective Canadian Subsidiary Guarantor ceases to constitute a Canadian Subsidiary of the Parent Borrower or is released from all of its obligations under the Canadian Guarantee and Collateral Agreement in accordance with the terms and provisions thereof.

  • Foreign Guarantor means any Guarantor that is not organized under the laws of the United States or any jurisdiction within the United States.

  • Seller Guaranty has the meaning set forth in Section 3.01.

  • Loan Guarantor means each Loan Party.

  • Limited Guarantor With respect to any Series (or Class within such Series), a Person specified in the related Supplement as providing a guarantee or insurance policy or other credit enhancement supporting the distributions in respect of such Series (or Class within such Series) as and to the extent specified in such Supplement.

  • Additional Subsidiary Guarantor means each Person that becomes a Subsidiary Guarantor after the Closing Date by execution of an Accession Agreement as provided in Section 6.12.

  • Original Guarantor means the Persons identified as such in the first paragraph of this Indenture until a successor Person shall have become such pursuant to the applicable provisions of this Indenture, and thereafter each such successor Person shall be an “Original Guarantor”.

  • Wholly Owned Subsidiary Guarantor any Subsidiary Guarantor that is a Wholly Owned Subsidiary of the Borrower.

  • Non-Guarantor Subsidiary means any Subsidiary of the Borrower that is not a Subsidiary Guarantor.

  • Initial Guarantor has the meaning set forth in the preamble hereto.

  • Transaction Party means the Company and each Guarantor, collectively, “Transaction Parties”.

  • Successor Guarantor shall have the meaning specified in Section 11.02(a)(i).

  • Performance Guarantor means Parent.

  • Canadian Guarantors means and include each Canadian Borrower (in its capacity as a guarantor under the Canadian Guarantee) and each Canadian Subsidiary Guarantor.