Guarantee Event definition

Guarantee Event has the meaning specified in Section 2.02(c).

Guarantee Event means, with respect to any Guarantee Agreement, a “Guarantee Event” within the meaning of such Guarantee Agreement, without giving effect to the second proviso thereof.

Guarantee Event has the meaning assigned to such term in Section 3.6(c).

Examples of Guarantee Event in a sentence

• Upon such waiver, any such Guarantee Event of Default shall cease to exist, and any Guarantee Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Guarantee, but no such waiver shall extend to any subsequent or other default or Guarantee Event of Default or impair any right consequent thereon.

• In case a Guarantee Event of Default has occurred (that has not been cured or waived pursuant to Section 2.6) and is actually known to a Responsible Officer of the Guarantee Trustee, the Guarantee Trustee shall exercise such of the rights and powers vested in it by this Guarantee, and use the same degree of care and skill in its exercise thereof, as a prudent person would exercise or use under the circumstances in the conduct of his or her own affairs.

• The Holders of a Majority in Liquidation Amount of the Capital Securities may, by vote or written consent, on behalf of the Holders of all of the Securities, waive any past Guarantee Event of Default and its consequences.

• The Holders of a Majority in Liquidation Amount of the Securities may, by vote or written consent, on behalf of the Holders of all of the Securities, waive any past Guarantee Event of Default and its consequences.

• Upon such waiver, any such Guarantee Event of Default shall cease to exist, and any Guarantee Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Trust Preferred Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Guarantee Event of Default or impair any right consequent thereon.

More Definitions of Guarantee Event

Guarantee Event means the occurrence of the purchase by NNG of Litton common stock in accordance with the Exchange Offer.

Guarantee Event with respect to a Fund shall mean the first date after the Agreement Date on which the Market-Based NAV of the Fund is less than $0.995, as determined at the time of the determination, in accordance with Rule 22c-1, of the Fund’s final NAV for such date, provided, however, that if a Guarantee Event occurs prior to the Execution Date, then the Guarantee Event shall be deemed to have occurred on the Execution Date, provided, further, that if the Market-Based NAV of the Fund is greater than or equal to $0.995 on any date after such Guarantee Event but prior to the commencement of liquidation of the Fund as provided under Section 2(c)(iii) (determined at the time of the determination, in accordance with Rule 22c-1, of the Fund’s final NAV for such date), subject to the delivery of the notice provided for in Section 2(g), the Guarantee Event will be deemed to have not occurred (a “Guarantee Cure Event”).

Guarantee Event means any of the following acts or omissions:

Guarantee Event. Guarantor", "Indenture", "Interest Payment Date", "Investment Earnings", "Liquidity Facility", "Liquidity Obligations", "Loan Trustee", "Moodx'x", "MSCS Fee Letter", "MSCS Liquidity Facilities", "Note Purchase Agreement", "Operative Agreements", "Performing Equipment Note", "Person", "Placement Agents", "Placement Agreement", "Pool Balance", "Rating Agency", "Ratings Confirmation", "Regular Distribution Date", "Replacement Liquidity Facility", "Responsible Officer", "Scheduled Payment", "Special Payment", "Standard & Poor's", "Stated Interest Rate", "Subordination Agent", "Taxes", "Threshold Rating", "Transfer", "Trust Agreements", "Trustee" and "Written Notice".

Guarantee Event means any day during the Covenant Relief Period on which the Lead Borrower’s corporate family rating shall be less than the following from at least two of the following three ratings agencies: (x) Baa3 from Moody’s, (y) BBB- from S&P and (z) BBB- from Fitch.

Guarantee Event means any event or circumstance specified as such in the Master Definitions Agreement.

Guarantee Event means with respect to the Series 2009A Bonds the occurrence and continuation (for whatever the reason) of a failure by the Company to make or cause to be made the required payment into the Bond Fund at the Trustee of any amounts needed to pay interest on or principal of the Series 2009A Bonds by the close of business two (2) Business Days prior to when such amount becomes due for a Payment Date with respect to the Series 2009A Bonds.