Guaranty Beneficiaries definition

Guaranty Beneficiaries means the Designated Agent, the Lenders and any other holders of Guaranteed Obligations.
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Guaranty Beneficiaries means (a) each Holder of a Secured Note and (b) the Trustee.
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Guaranty Beneficiaries means the Designated Agent, the Lenders and any other holders of Guaranteed Obligations. “Guaranty Release Date” means the date on which the Guarantor is released and discharged from its obligations under thisAgreement and the Guaranty as set forth in Section 9.08.
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Examples of Guaranty Beneficiaries in a sentence

  • If any amounts are paid to the Guarantor in violation of the foregoing limitation, then such amounts shall be held in trust for the benefit of the Guaranty Beneficiaries and shall forthwith be paid to such Persons to reduce the amount of the Guaranteed Obligations, whether matured or unmatured.

  • Each Guarantor hereby waives and relinquishes any duty on the part of any Beneficiaries to disclose any matter, fact or thing relating to the business, operations or conditions of the Borrower now known or hereafter known by any Guaranty Beneficiaries.

  • It is not necessary for any Guaranty Beneficiaries to inquire into the capacity or powers of the Borrower or the officers, members of the Board of Directors or any agents acting or purporting to act on behalf of any of them.

  • No failure on the part of any of the Guaranty Beneficiaries to exercise, and no delay in exercising, any right or power under this Guaranty shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power preclude any other or further exercise thereof or the exercise of any other right or power, or of any remedy, of any Guaranty Beneficiary under this Guaranty, the Operative Documents or applicable law.

  • It is the desire and intent of the Guarantors and the Guaranty Beneficiaries that this Guaranty shall be enforced against each Guarantor to the fullest extent permissible under the laws and public policies applied in each jurisdiction in which enforcement is sought.

  • No failure to make demand or delay in making demand on Guarantor for satisfaction of the obligations of Guarantor hereunder shall prejudice the right of the Guaranty Beneficiaries to enforce the obligations of Guarantor hereunder.

  • If any Event of Default specified in clauses (vii) or (viii) of paragraph 7A of the Note Agreement shall occur and be continuing, then each Guarantor agrees to immediately pay to the Guaranty Beneficiaries the full outstanding amount of the Guarantied Obligations without notice.

  • If any amounts are paid to the Guarantor in violation of the foregoing limitation, then such amounts shall be held in trust for the benefit of the Administrative Agent and the other Guaranty Beneficiaries and shall forthwith be paid to the Administrative Agent (for the benefit of itself and the other Guaranty Beneficiaries) to reduce the amount of the Guaranteed Obligations, whether matured or unmatured.

  • No Guaranty Beneficiaries shall have any obligation to disclose or discuss with any Guarantor its assessment, or any Guarantor’s assessment, of the financial condition of the Borrower.

  • The total of the Existing Raytech Common Stock and the New Raytech Common Stock after the Effective Date.


More Definitions of Guaranty Beneficiaries

Guaranty Beneficiaries means, collectively, the Administrative Agent, the Lenders, the L/C Issuer, the Hedge Banks, the Cash Management Banks, each sub-agent appointed by the Administrative Agent from time to time pursuant to Section 9.05, and the other Persons the Obligations owing to which are or are purported to be Guaranteed under the terms of the Guaranty.
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Guaranty Beneficiaries are defined in the initial paragraph of the Guaranty.
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Guaranty Beneficiaries has the meaning specified in Section 3.1 hereof.
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Related to Guaranty Beneficiaries

  • Third Party Beneficiaries has the meaning ascribed thereto in Section 8.8(1).

  • Beneficiaries means any Person to whom the Issuer is or hereafter becomes indebted or liable.

  • Third Party Beneficiary means each of the non-NHS bodies set out in the list attached at Schedule 1, as supplied from time to time by the Authority to the Contractor;

  • primary beneficiary means the individual for whose primary benefit the trust is then held. For purposes of Section 8.3, a Qualified Entity is a member of each Family Group to which such one or more Qualified Trusts that are its equity holders belong.

  • Beneficiary(ies means the individual or individuals designated in the Application by the Subscriber(s) to whom, or on whose behalf, Educational Assistance Payments are agreed to be paid, provided such individual qualifies under the Applicable Legislation and the Plan at the time such payments are made;

  • Income beneficiary means a person to whom net income of a trust is or may be payable.

  • Qualified Beneficiaries has the meaning set forth in Section 4.12.

  • Contingent Beneficiary is the person that becomes the Beneficiary if the named Beneficiary dies prior to the Income Date.

  • Remainder beneficiary means a person entitled to receive principal when an income interest ends.

  • Surviving beneficiary or "surviving descendant" means a beneficiary or a descendant who did not predecease the decedent and is not considered to have predeceased the decedent under section 2702.

  • Beneficiary means each designated person, or the estate of the deceased Executive, entitled to benefits, if any, upon the death of the Executive, determined according to Article 4.

  • Financial Beneficiary means any Principal of the Developer or Applicant entity who receives or will receive any direct or indirect financial benefit from a Development, except as further described in Rule 67-21.0025, F.A.C.

  • Annuity Benefit means a benefit payable by us as described in Part VII.

  • Initial Beneficiary means ALF LLC, as initial beneficiary under the Titling Trust Agreement and its permitted successors and assigns.

  • land reform beneficiary , in relation to a property, means a person who -

  • Former Spouse means the individual who is considered by Applicable Laws to be the Annuitant’s former spouse or common-law partner;

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Disability Benefit means the benefit set forth in Article 8.

  • Eligible beneficiary means a resident of this state who:

  • Surviving Spouse means the widow or widower, as the case may be, of a Deceased Participant or a Deceased Beneficiary (as applicable).

  • Guaranty means, with respect to any Person, any obligation (except the endorsement in the ordinary course of business of negotiable instruments for deposit or collection) of such Person guaranteeing or in effect guaranteeing any indebtedness, dividend or other obligation of any other Person in any manner, whether directly or indirectly, including (without limitation) obligations incurred through an agreement, contingent or otherwise, by such Person:

  • Indemnity, Subrogation and Contribution Agreement means the Indemnity, Subrogation and Contribution Agreement among Xxxxx 0, the Borrower, the Subsidiary Loan Parties and the Collateral Agent, substantially in the form of Exhibit C-3.

  • Disability benefits means any cash payments which are payable to a covered individual for all or part of a period of disability pursuant to P.L.1948, c.110 (C.43:21-25 et al.).

  • Qualified beneficiary means a beneficiary who, on the date the beneficiary's qualification is determined:

  • Guaranty Agreements means and includes the Guarantee of the Loan Parties provided for in Section 11, and any other guaranty agreement executed and delivered in order to guarantee the Obligations or any part thereof in form and substance reasonably acceptable to the Administrative Agent.

  • Guaranty Agreement means an agreement executed by the Guarantors in substantially the form of Exhibit F-2 unconditionally guarantying on a joint and several basis, payment of the Indebtedness, as the same may be amended, modified or supplemented from time to time.