Facility Guarantee definition

Facility Guarantee means the Guarantee executed by the Facility Guarantors in favor of the Agents, the Issuing Bank and the Lenders.

Facility Guarantee means any Guarantee of the Obligations executed by Holdings and its Subsidiaries (other than any Excluded Subsidiary) which are or hereafter become Facility Guarantors in favor of the Agents and the other Secured Parties and reasonably satisfactory in form and substance to the Administrative Agent.

Facility Guarantee means any Guarantee of the Obligations executed by BCF Holdings and its Restricted Subsidiaries which are or hereafter become Facility Guarantors in favor of the Agents and the other Secured Parties.

Examples of Facility Guarantee in a sentence

• Upon any designation of a Subsidiary as an Unrestricted Subsidiary, notwithstanding anything in any Loan Document to the contrary, the Facility Guarantee of such Subsidiary shall be automatically released.

• The termination or attempted termination of any Facility Guarantee by any Facility Guarantor.

• To the extent that any Facility Guarantor is merged, consolidated or amalgamated with or into any other Loan Party (or any Person in a transaction permitted under clause (iii) above) or liquidated or dissolved, in each case, as permitted under this clause (a), such Facility Guarantor shall be released from its obligations under any Facility Guarantee to which it is a party.

• Such cash will be held by that guaranteed party as collateral for the obligations that are the subject of such Seller’s Group Guarantee or Seller’s Facility Guarantee and the Purchaser shall enter into the documents requested by that guaranteed party to reflect those collateral arrangements.

• After paying such cash to that guaranteed party the Purchaser shall procure the release of such Seller’s Group Guarantee or Seller’s Facility Guarantee and notify the Seller once the Seller’s Group Guarantee or Seller’s Facility Guarantee has been released.

More Definitions of Facility Guarantee

Facility Guarantee means the Guaranty executed by the Facility Guarantors in favor of the Collateral Agent for the benefit of the Agents, the Issuing Banks and the Lenders.

Facility Guarantee has the meaning specified in Section 1(b) of the Guarantee Agreement.

Facility Guarantee means the Guarantee made by the Guarantors pursuant to Article XI.

Facility Guarantee means any Guarantee of the Obligations executed in favor of the Administrative Agent and the other Secured Parties pursuant to Section 5.11.

Facility Guarantee means the Guarantee made by the Guarantors pursuant to Article 10.

Facility Guarantee means, collectively (a) the Guarantee of the Obligations pursuant to that certain Guaranty Agreement, dated as of the Closing Date, by each Facility Guarantor party thereto on the Closing Date in favor of the Administrative Agent, for the benefit of the Secured Parties and (b) any other Guarantee of the Obligations executed by the Facility Guarantors in favor of the Administrative Agent and the other Secured Parties pursuant to SECTION 5.11.

Facility Guarantee. The Amended and Restated Guaranty executed by the Facility Guarantors in favor of the Agent, the Issuer and the Revolving Credit Lenders.