Guarantee Limitations definition

Guarantee Limitations has the meaning specified in the Guarantee Agreement, as may be supplemented from time to time in accordance with the terms thereof.

Guarantee Limitations means, in respect of any Note Obligor and any payments it is required to make in its capacity as a guarantor or as the provider of an indemnity under this Agreement, the Indenture, the Parity Lien Documents or any other Security Documents, the limitations applicable to the obligations of such entity as set out in this Agreement, the Indenture, the Parity Lien Documents or any other Security Document (as applicable).

Guarantee Limitations includes the meaning of the term “German Guarantee Limitations” in Section 9.09 and “English Guarantee Limitations” in Section 9.10, as may be supplemented or modified from time to time in accordance with the terms thereof.

Examples of Guarantee Limitations in a sentence

• In addition, each Guarantee is subject to the Applicable Guarantee Limitations applicable thereto, if any.

• The Guarantee Agreement, the Security Documents, the determination of Collateral and assets that constitute Excluded Assets of any Non-U.S. Loan Party and each other guaranty and security document delivered or to be delivered under this Agreement, and any obligation to enter into such document or obligation and/or provide security in any Collateral, by any Non-U.S. Loan Party shall be subject in all respects to the Agreed Security Principles and the Guarantee Limitations.

• This Agreement, the Collateral Documents, the determination of Collateral and assets that constitute Excluded Assets of any Non-U.S. Loan Party and each other guaranty and collateral document delivered or to be delivered under this Agreement, and any obligation to enter into such document or obligation and/or provide security in any Collateral, by any Non-U.S. Loan Party shall be subject in all respects to the Guaranty and Security Principles and the Guarantee Limitations.

• For the avoidance of doubt, no Opinion of Counsel shall be required to be delivered in respect of the necessity of any Applicable Guarantee Limitations and any Opinion of Counsel delivered in connection with such supplemental indenture pursuant to Section 9.05 may rely on such Officer’s Certificate as to the necessity of such Applicable Guarantee Limitations.

• Clause 19.9 (Guarantee Limitations) of the Senior Facility Agreement shall apply to the provisions of this Deed as if set out in full herein, mutatis mutandis.

More Definitions of Guarantee Limitations

Guarantee Limitations has the meaning specified in the Guaranty dated on or about the Funding Date among (amongst others) the Parent and the Administrative Agent, as may be amended, restated, amended and restated, supplemented or otherwise modified from time to time in accordance with the terms thereof.

Guarantee Limitations means, in respect of (a) a Debtor and any payments it is required to make in its capacity as a guarantor or as the provider of an indemnity under this Agreement, the Senior Secured Facilities Documents, the Pari Passu Debt Documents, the Second Lien Debt Documents or the Additional Unsecured Debt Documents and (b) an Intra-Group Lender and any payments it is required to make under this Agreement, the limitations and restrictions applicable to such entity as set out in this Agreement, the Senior Secured Facilities Document, the Pari Passu Debt Documents, the Second Lien Debt Documents and/or the Additional Unsecured Debt Documents(as applicable).

Guarantee Limitations means the guarantee limitations set out in Article VI.

Guarantee Limitations means any limitation, restriction or prohibition in respect of the provision of a guarantee, indemnity or other assurance against loss arising in connection with:

Guarantee Limitations has the meaning assigned to such term in Section 2.19(n).

Guarantee Limitations means, in respect of any Guarantor and any payments such Guarantor is required to make in its capacity as a guarantor or as the provider of an indemnity or as debtor of costs or disbursements or with respect to any other payment obligation under this Indenture or any other Note Document, the limitations and restrictions applicable to such entity pursuant to the guarantee provisions of this Indenture and any relevant wording in any supplemental indenture applicable to such additional Guarantor.

Guarantee Limitations means the principle that no Security, guarantee, indemnity or other assurance against loss from any member of the Group in respect of any of the Liabilities shall be required if it could reasonably be expected to give rise to or result in any conflict with or violation of applicable law (or risk of personal or criminal liability for the officers, directors, managers or shareholders of any member of the Group).