Guarantee Termination Date definition

Guarantee Termination Date has the meaning set forth in Section 2(d).

Guarantee Termination Date means the date on which all Obligations with respect to all of the Long Term Notes cease to be outstanding and the then due and payable Obligations and Guarantee Obligations have been completely satisfied and all Obligations in the nature of a performance obligation have been performed.

Guarantee Termination Date has the meaning specified in Section 6.6.

Examples of Guarantee Termination Date in a sentence

• The obligations of each Qualified ECP Guarantor under this Section shall remain in full force and effect until the Guarantee Termination Date.

• Except as set forth in this clause (b) or otherwise provided herein, the Guarantors may not amend, supplement or otherwise modify this Agreement prior to the Guarantee Termination Date without the prior written consent of the holders of the majority of the outstanding principal amount of the Guaranteed Obligations (excluding obligations with respect to Hedging Agreements).

• As soon as reasonably practicable after such termination (and by no later than 15 Business Days (as defined in Condition 3(b)(i) (Interest Payment Dates)) after the Guarantee Termination Date), the Guarantor or the Issuer shall provide notice of such termination to the Noteholders and Couponholders in accordance with Condition 12 (Notices).

• For the purposes of this Condition 2(c)(i): Guarantee Termination Date means the first date on which the aggregate amount of indebtedness for borrowed money for which the Guarantor is an obligor (as a guarantor, co-issuer or borrower) does not exceed 10 per cent.

• Each Guarantor covenants and agrees that, until the Guarantee Termination Date, such Guarantor will perform and observe, and cause each of its Subsidiaries to perform and observe, all of the terms, covenants and agreements set forth in the Loan Documents on its or their part to be performed or observed or that the Company has agreed to cause such Guarantor or such Subsidiaries to perform or observe.

More Definitions of Guarantee Termination Date

Guarantee Termination Date has the meaning provided for in the Guarantee Agreement.

Guarantee Termination Date means any Business Day following the Guarantee Date on which (a) the Lead Borrower has achieved a corporate family rating equal to or higher than the following from at least two of the following three ratings agencies: (i) at least Baa3 from Moody’s, (ii) at least BBB- from S&P and (iii) at least BBB- from Fitch, (b) the Administrative Agent shall have received a certificate from a Responsible Officer of the Lead Borrower certifying as to the satisfaction (or concurrent satisfaction) of the foregoing and (c) no Default or Event of Default has occurred and is continuing.

Guarantee Termination Date. In respect of the Guarantee, the last date on which a claim can be made by the Bank Purchasing Agent on behalf of the beneficiaries under the Guarantee in accordance with the terms of the Guarantee or with the terms of a release (in whole) of the Guarantee by the beneficiaries or the Bank Purchasing Agent on their behalf. Helaba: Landesbank Hessen-Thüringen Girozentrale, a public law corporation incorporated under the laws of Germany.

Guarantee Termination Date means 9 July 2006.

Guarantee Termination Date means any Business Day following the Guarantee Date on which (a) the Borrower has achieved a corporate family rating equal to or higher than the following from at least two of the following three ratings agencies: (i) at least Baa3 from Moody’s, (ii) at least BBB- from S&P and (iii) at least BBB- from Fitch, (b) the Administrative Agent shall have received a certificate from a Responsible Officer of the Borrower certifying as to the satisfaction (or concurrent satisfaction) of the foregoing and (c) no Default or Event of Default has occurred and is continuing.

Guarantee Termination Date means, in respect of any Subsidiary Guarantor, the earlier of (i) the payment in full of the Guaranteed Obligations or (ii) the date on which such Subsidiary Guarantor is released from its obligations under this Guarantee (which is the Subsidiary Guarantee of such Subsidiary Guarantor for all purposes of the Note Purchase Agreement) in accordance with the Note Purchase Agreement.

Guarantee Termination Date means the date on which the Lender (acting reasonably) confirms to the Borrower that all the conditions subsequent set out in Part 2 of Schedule 1 (Conditions precedent and conditions subsequent), including the Perfection Requirements related thereto have been carried out in full in respect of each Transaction Security Document or otherwise waived by the Lender in writing.