Funding Guaranty definition

Funding Guaranty means that certain Funding Guaranty of even date herewith from Guarantor for the benefit of Administrative Agent, for the benefit of Lenders, as the same may be amended, restated, supplemented or otherwise modified from time to time. “Future Advance” or “Future Advances” shall mean, collectively, the Future Advance (Capital Expenditures), Future Advance (TI/LCs) and Future Advance (Interest/Carry Shortfall). “Future Advance (Capital Expenditures)” or “Future Advances (Capital Expenditures)” shall have the meaning set forth in the Supplemental Building Loan Agreement. “Future Advance (Interest/Carry Shortfalls)” or “Future Advances (Interest/Carry Shortfall)” shall mean one or more advances of a portion of the Future Funding Amount available to Borrower pursuant to Section 2.6 hereof to pay for Interest/Carry Shortfall. “Future Advance (TI/LCs)” or “Future Advances (TI/LCs)” shall have the meaning set forth in the Supplemental Building Loan Agreement. “Future Funding Amount” shall mean a portion of the Supplemental Loan consisting of Future Advances not to exceed Two Million Five Hundred Forty-Eight Thousand Nine Hundred Eighty-Three and 00/100 Dollars ($2,548,983.00), in the aggregate, available to be advanced to
View Source
Funding Guaranty means the Funding Guaranty provided by the Guarantor for the benefit of each Beneficiary on July 1, 2009.
View Source
Funding Guaranty means that certain Funding Guaranty of even date herewith executed by Delek Group in favor of the Administrative Agent, pursuant to which Delek Group guarantees to the Administrative Agent, for its benefit and for the benefit of the Collateral Agent, the Issuing Bank and the Lenders, the funding obligations of Delek Finance under the Subordinated Working Capital Credit Documents up to a maximum amount of $5,000,000.
View Source

Examples of Funding Guaranty in a sentence

  • Any Delinquency Advances, Estimated Funding, Guaranty payments and payment of the purchase price for any Mortgage Loans purchased from a Trust pursuant to Section 2.5 also may be deposited to a Certificate Account.

  • MPT Operating Partnership, L.P., (“MPT”) an affiliate of the MPT Parties, has executed and delivered to the IASIS Parties that certain Limited Funding Guaranty, dated contemporaneously herewith, guaranteeing the MPT Parties’ payment of the Purchase Price (as herein defined) and certain other obligations of MPT and the MPT Parties as set forth therein (as the same may be amended, modified or supplemented from time to time, the “Limited Guaranty”).

  • Furthermore, the foregoing limitation on liability shall not limit in any way the liability of Guarantor that may arise out of the obligations set forth in the Environmental Indemnity Agreement, the Recourse Guaranty Agreement, the Equity Funding Guaranty and the Carry Guaranty, each of even date herewith made by Guarantor and if applicable, Borrower, in favor of Lender.

  • The obligations of Guarantor hereunder are separate and distinct from, and in addition to (and shall not be limited by), the obligations of Guarantor now or hereafter arising under any other guaranties, including, without limitations, the Guaranty of Recourse Obligations, the Carry Guaranty, the Funding Guaranty, indemnification agreements or other agreements to which Guarantor is now or hereafter becomes a party in connection with the Loan Agreement (collectively, the “Other Guaranties”).

  • The Agents hereby agree that effective as of the date of this Amendment the Funding Guaranty shall be deemed terminated and Delek Group shall have no obligations thereunder.

  • Each Equity Funding Guarantor shall guarantee the equity contributions of its respective Member by executing and delivering the Equity Funding Guaranty as of the Effective Date.

  • These provisions are in addition to, and not in limitation of, but not in duplication of, the obligations of Guarantor under the Recourse Guaranty Agreement, the Completion Guaranty, the Equity Funding Guaranty, and the Environmental Indemnification Agreement.

  • The obligations of Guarantor hereunder are separate and distinct from, and in addition to (and shall not be limited by), the obligations of Guarantor now or hereafter arising under any other guaranties, including, without limitations, the Completion Guaranty, the Carry Guaranty, the Funding Guaranty, indemnification agreements or other agreements to which Guarantor is now or hereafter becomes a party in connection with the Loan Agreement (collectively, the “Other Guaranties”).

  • Notwithstanding the foregoing, KBS agrees to cause the KBS Credit Party to execute a Carry Guaranty in favor of lender and a Future Funding Guaranty in favor of lender, each in a form and substance reasonably acceptable to KBS and the KBS Credit Party.

  • Funding Guaranty, dated as of December 1, 2007, between Fluor Corporation, as the Guarator, the Borrower, the Trustee, the Department, and the Pre-Issuance Hedging Banks.


More Definitions of Funding Guaranty

Funding Guaranty means the Funding Guaranty, issued on the Closing Date, by DCL in favor of the FSA Parties.
View Source
Funding Guaranty. That certain Funding Guaranty Agreement dated of even date herewith by Guarantor in favor of Lender, as the same from time to time may be amended, restated, supplemented or otherwise modified. GAAP: Generally accepted accounting principles, applied on a consistent basis, as set forth in Opinions of the Accounting Principles Board of the American Institute of Certified Public Accountants or in statements of the Financial Accounting Standards Board or their respective successors and which are applicable in the circumstances as of the date in question. Accounting principles are applied on a “consistent basis” when the accounting principles applied in a current period are comparable in all material respects to those accounting principles applied in preceding periods.
View Source

Related to Funding Guaranty

  • Funding Guarantor as defined in Section 7.2.

  • Funding Guarantors as defined in Section 7.2.

  • Qualifying Guarantee means an arrangement evidenced by a written instrument pursuant to which a Reference Entity irrevocably agrees (by guarantee of payment or equivalent legal arrangement) to pay all amounts due under an obligation (the “Underlying Obligation”) for which another party is the obligor (the “Underlying Obligor”). Qualifying Guarantees shall exclude any arrangement (i) structured as a surety bond, financial guarantee insurance policy, letter of credit or equivalent legal arrangement or (ii) pursuant to the terms of which the payment obligations of the Reference Entity can be discharged, reduced or otherwise altered or assigned (other than by operation of law) as a result of the occurrence or non-occurrence of an event or circumstance (other than payment). The benefit of a Qualifying Guarantee must be capable of being delivered together with the delivery of the Underlying Obligation.

  • Excess Funding Guarantor means, in respect of any Guaranteed Obligations, a Subsidiary Guarantor that has paid an amount in excess of its Pro Rata Share of such Guaranteed Obligations, (ii) “Excess Payment” means, in respect of any Guaranteed Obligations, the amount paid by an Excess Funding Guarantor in excess of its Pro Rata Share of such Guaranteed Obligations and (iii) “Pro Rata Share” means, for any Subsidiary Guarantor, the ratio (expressed as a percentage) of (x) the amount by which the aggregate fair saleable value of all properties of such Subsidiary Guarantor (excluding any shares of stock or other equity interest of any other Subsidiary Guarantor) exceeds the amount of all the debts and liabilities of such Subsidiary Guarantor (including contingent, subordinated, unmatured and unliquidated liabilities, but excluding the obligations of such Subsidiary Guarantor hereunder and any obligations of any other Subsidiary Guarantor that have been Guaranteed by such Subsidiary Guarantor) to (y) the amount by which the aggregate fair saleable value of all properties of the Borrower and all of the Subsidiary Guarantors exceeds the amount of all the debts and liabilities (including contingent, subordinated, unmatured and unliquidated liabilities, but excluding the obligations of the Obligors hereunder) of the Borrower and all of the Subsidiary Guarantors, determined (A) with respect to any Subsidiary Guarantor that is a party hereto on the date hereof, as of the date hereof, and (B) with respect to any other Subsidiary Guarantor, as of the date such Subsidiary Guarantor becomes a Subsidiary Guarantor hereunder.

  • Non-Paying Guarantor has the meaning assigned to such term in Section 10.11.