Guarantor of Payment definition

Guarantor of Payment means each of the Companies set forth on Schedule 2 hereto, that are each executing and delivering a Guaranty of Payment, or any other Person that shall deliver a Guaranty of Payment to Agent subsequent to the Closing Date.

Guarantor of Payment means a Domestic Guarantor of Payment or Foreign Guarantor of Payment, or any other Person that shall deliver a Guaranty of Payment to Agent subsequent to the Closing Date.

Guarantor of Payment means any Subsidiary that executes and delivers a Guaranty of Payment on or after the Closing Date, or any other Person that shall deliver a Guaranty of Payment to the Agent or any Bank on or after the Closing Date.

Examples of Guarantor of Payment in a sentence

• No Company shall be or become a primary obligor or Guarantor of the Indebtedness incurred pursuant to any Material Indebtedness Agreement unless such Company shall also be a Guarantor of Payment under this Agreement prior to or concurrently therewith.

• If at any time a Subsidiary that is a Guarantor of Payment meets the requirements of subparts (b) and (c) set forth in the definition of Dormant Subsidiary, the Borrower may request (approval of such request not to be unreasonably withheld) that the Administrative Agent release such Subsidiary from being a Guarantor of Payment and thereafter be classified as a Dormant Subsidiary.

• Subject to the terms and conditions of this Agreement, during the Commitment Period, the Issuing Lender shall, in its own name, on behalf of the Revolving Lenders, issue such Letters of Credit for the account of the Borrower or a Guarantor of Payment, as the Borrower may from time to time request.

• THE ADMINISTRATIVE AGENT 104 Section 10.1. Appointment and Authorization 104 TABLE OF CONTENTS (continued) Page Section 10.2. Note Holders 105 Section 10.3. Consultation With Counsel 105 Section 10.4. Documents 105 Section 10.5. Administrative Agent and Affiliates 105 Section 10.6. Knowledge or Notice of Default 105 Section 10.7. Action by Administrative Agent 106 Section 10.8. Release of Collateral or Guarantor of Payment 106 Section 10.9. Delegation of Duties 106 Section 10.10.

• Concurrently with each such request, the Borrower, and any Guarantor of Payment for whose account the Letter of Credit is to be issued, shall execute and deliver to the Issuing Lender an appropriate application and agreement, being in the standard form of the Issuing Lender for such letters of credit, as amended to conform to the provisions of this Agreement if required by the Administrative Agent.

More Definitions of Guarantor of Payment

Guarantor of Payment means each of the Companies set forth on Schedule 2 hereof, that are each executing and delivering an Amended and Restated Guaranty of Payment, or any other Person that shall deliver a Guaranty of Payment to Agent subsequent to the Effective Date.

Guarantor of Payment means any Person which shall deliver a Guaranty of Payment to Agent subsequent to the Closing Date.

Guarantor of Payment shall have the meaning given in paragraph 1C.

Guarantor of Payment means a Domestic Guarantor of Payment or Foreign Guarantor of Payment.

Guarantor of Payment means each of the Companies designated a “Guarantor of Payment” on Schedule 2 hereto, and any other Domestic Subsidiary that shall execute and deliver a Guaranty of Payment (or Guaranty of Payment Joinder) to the Administrative Agent subsequent to the Closing Date.

Guarantor of Payment means Parent and each Subsidiary Guarantor of Payment.

Guarantor of Payment means Parent and each of the Companies designated a “Guarantor of Payment” on Schedule 2 hereto, each of which is executing and delivering a Guaranty of Payment on the Closing Date, and any other Person that shall execute and deliver a Guaranty of Payment (or Guaranty of Payment Joinder) to Agent, or become a party by joinder to the Guaranty of Payment that was executed on the Closing Date subsequent to the Closing Date.