Credit Guarantees definition

Credit Guarantees shall have the meaning assigned to such term in the Recitals of this Agreement.
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Credit Guarantees means the guarantees issued under the Guarantee and Security Agreement.
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Examples of Credit Guarantees in a sentence

  • Any and all outstanding Letter of Credit Guarantees shall be reserved dollar for dollar from the Borrowing Base as an Availability Reserve.

  • The definitions set out in the General Conditions for Buyer Credit Guarantees dated 1 March 2004 shall apply to this Guarantee Agreement, unless otherwise stated herein.

  • Such terminations and/or replacement arrangements shall include or have the effect of providing a full and complete release of Thermo Electron, all other members of the Thermo Electron Group and the Representatives of the Thermo Electron Group (other than the members of the Viasys Group) of all of the obligations of the Thermo Electron Group and its Representatives under, or in connection with, the TMO Letter of Credit Guarantees.

  • On or before six months from the Distribution Date (the "Release Date"), Viasys shall have arranged for the termination of, or replacement arrangements (including, to the extent required, guarantees and letters of credit from Viasys's lender) reasonably satisfactory to Thermo Electron with respect to, all TMO Letter of Credit Guarantees continuing in effect on and after the Release Date.

  • On or before December 29, 2001 (the "Release Date"), Kadant shall have arranged for the termination of, or replacement arrangements (including, to the extent required, guarantees and letters of credit from Kadant's lender) reasonably satisfactory to Thermo Electron with respect to, all TMO Letter of Credit Guarantees continuing in effect on and after the Release Date.

  • The Credit Guarantees are issued by a Siemens Group entity and generally provide that in the event of default or non- payment by the SMO Business the Siemens Group entity will be required to settle such financial obligation.

  • Such terminations and/or replacement arrangements shall include or have the effect of providing a full and complete release of Thermo Electron, all other members of the Thermo Electron Group and the Representatives of the Thermo Electron Group (other than the members of the Kadant Group) of all of the obligations of the Thermo Electron Group and its Representatives under, or in connection with, the TMO Letter of Credit Guarantees.

  • The earliest fiscal year in which Siemens Group could be required to settle the maximum amount of the Credit Guarantees in the event of default is 2018.

  • For the avoidance of doubt, all utilisations under the Revolving Credit, Guarantees, Forward Foreign Exchange Contracts and Letters of Credit shall not exceed £15,000,000 (the “Limit”).

  • Prior to the first anniversary of the Effective Date, the Total Revolving Loan Commitment may only be (i) partially reduced on five (5) Business Days prior written notice to the Administrative Agent and (ii) reduced in its entirety together with the payment of the Early Termination Fee, all Letter of Credit Obligations and all outstanding Term Loans and Revolving Loans and other Obligations and the termination and return of all Letters of Credit and Letter of Credit Guarantees.