Guarantor Default definition

Guarantor Default means any condition or event that with the giving of notice or lapse of time or both would, unless cured or waived, become a Guarantor Event of Default.

Guarantor Default means a default by the Guarantor under its obligations pursuant to Article IX which is existing and continuing.

Guarantor Default. Default or breach or the occurrence of any event of default under any Guarantor Agreement.

Examples of Guarantor Default in a sentence

• The occurrence of any Guarantor Default and/or the termination or attempted termination of any Guaranty Agreement by any Person.

• Obligations under the Covered Bonds The Covered Bonds will not represent an obligation or be the responsibility of any of the Arrangers, the Dealers, the Representative of the Bondholders or any other party to the Programme, their officers, members, directors, employees, security holders or incorporators, other than the Issuer and, after the service by the Representative of the Bondholders of an Issuer Default Notice or, if earlier, a Guarantor Default Notice, the Guarantor.

• The Guarantor has no obligation to pay the Guaranteed Amounts payable under the Guarantee until the occurrence of an Issuer Event of Default, service by the Representative of the Bondholders on the Issuer and on the Guarantor of an Issuer Default Notice or, if earlier, following the occurrence of a Guarantor Event of Default and service by the Representative of the Bondholders of a Guarantor Default Notice.

• The obligations of the Guarantor will accelerate once a Guarantor Default Notice has been delivered to the Guarantor.

• Under the Cover Pool Management Agreement, the Guarantor must ensure that, on each Calculation Date following service of an Issuer Default Notice on the Issuer and the Guarantor but prior to a Guarantor Event of Default and service of a Guarantor Default Notice, the Amortisation Test Aggregate Loan Amount will be in an amount at least equal to the aggregate principal amount of the Covered Bonds as calculated on the relevant Calculation Date.

More Definitions of Guarantor Default

Guarantor Default means any Guarantor Event of Default and any ----------------- event or condition which with the passage of time or giving of notice, or both, would become a Guarantor Event of Default.

Guarantor Default has the meaning assigned to such term in the Guaranty.

Guarantor Default means any condition or event which constitutes a Guarantor Event of Default or which with the giving of notice or lapse of time or both would, unless cured or waived, become a Guarantor Event of Default.

Guarantor Default. The occurrence of any default by any Guarantor or Sponsor, as the case may be, under the Limited Guaranty, the Guaranty Agreement or the Security Agreement, including, without limitation, any breach of any Sponsor Financial Covenant.

Guarantor Default shall have occurred under and as defined in that certain Limited Supplemental Guaranty of even date herewith among the Guarantors and Agent.

Guarantor Default means any of the following events:

Guarantor Default shall have the meaning assigned thereto in Section 8.1(a)(xvi) hereof.