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 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.
Examples of Guarantee Termination Date in a sentence
The Parent Guarantee will continue to apply to derivatives and FX Transactions entered into by The Bank of New York Mellon SA/NV before the Parent Guarantee Termination Date.
The Parent Guarantee shall cease, or ceased, to apply to any derivatives and FX Transactions entered into by The Bank of New York Mellon SA/NV from and after the Parent 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).
The obligations of each Qualified ECP Guarantor under this Section shall remain in full force and effect until the Guarantee Termination Date.
Notwithstanding the foregoing, for each Valuation Year after the Tax Payment Guarantee Termination Date, the Tax Payment Guarantee shall no longer be applicable; but rather Developer shall be required only to make its annual real estate tax payments owed on the Comfort Suites Property as usual and customary.
More Definitions of Guarantee Termination Date
Guarantee Termination Date has the meaning provided for in the Guarantee Agreement.
Guarantee Termination Date has the meaning specified in Section 6.6.
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 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.
Guarantee Termination Date has the meaning provided for in the Guarantee Agreement. “Guarantor” means CHI. “Incremental Cap” means $500,000,000 less the aggregate principal amount of all outstanding Advances and all existing unfunded Commitments. “Incremental Commitment” means any Proposed Incremental Commitment which a Lender or Additional Lender elects to provide in accordance with Section 2.17(a). “Incremental Commitment Percentage” means, with respect to any Lender at any time, (a) the sum of (x) the aggregate principal amount of such Lender’s Advances and (y) such Lender’s unfunded Commitments divided by (b) the sum of (x) the aggregate principal amount of all Advances for all Lenders and (y) the unfunded Commitments of all Lenders. “Incremental Facility Amendment” means an amendment to this Agreement that is reasonably satisfactory to Administrative Agent (solely for purposes of giving effect to Section 2.17) and the Borrowers and is executed by each of (a) the Borrowers, (b) Administrative Agent and (c) each Lender and each Additional Lender that agrees to provide all or any portion of the relevant Incremental Commitment; provided that if the Required Lenders deem such amendment to be a Material Amendment in accordance with Section 2.17(b), then such amendment must also be reasonably satisfactory to the Required Lenders. For the avoidance of doubt, if the Required Lenders do not indicate to Borrowers whether they deem such amendment to be a Material Amendment within the time limitations established in Section 2.17(b), then the immediately preceding proviso shall not apply. “Indebtedness” means, as to any Person at a particular time, without duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP: (a) all obligations of such Person for borrowed money and all obligations of such Person evidenced by bonds, debentures, notes, loan agreements or other similar instruments; (b) all direct or contingent payment obligations of such Person arising under letters of credit (including standby and commercial), bankers’ acceptances, bank guaranties, surety bonds and similar instruments; (c) net payment or delivery obligations of such Person under any Swap Contract; (d) all payment obligations of such Person to pay the deferred purchase price of property or services (other than trade accounts payable in the ordinary course of business and, in each case, not past due for more than sixty (60) days after the date on which such trade acco...
Guarantee Termination Date means the date on which the IWC Guaranty is fully and forever terminated. "Discharged Amount" means, as of any time, the aggregate amount of all permanent reductions in the IWC Guaranteed Amount (as defined in the Reimbursement Agreement) under the IWC Guaranty and with respect to which aggregate amount and by which aggregate amount Vanguard's Obligations under the IWC Guaranty has been permanently and indefeasibly released and discharged as of such time.
Guarantee Termination Date means 9 July 2006.