Examples of Guaranty Date in a sentence
Indemnification by Seller to Buyer shall, at Seller's option, be effected in ICN Shares, valued at the Guaranteed Price as of the Guaranty Date next preceding such indemnification plus pro rata 6% p.a., and/or cash.
At any time following the Springing Guaranty Date, if any Guarantor ceases to be a Subsidiary as a result of a transaction permitted hereunder, such Person shall be automatically released from its obligations under the Subsidiary Guaranty Agreement, pursuant to this Section 10.10.
Permit NCS or the NCS Subsidiaries, after the NCS Purchase Date and prior to the NCS Guaranty Date, to enter into or to allow to remain in place any provision in any agreement or arrangement with any Person to which any such entity is a party which would restrict the ability of such entity to declare and pay dividends and distributions with respect to outstanding shares of its common stock or to repay advances to Borrower or any other Subsidiary.
On the Guaranty Date, the Company shall execute and deliver the Warrant Agreement and issue to the Purchaser Warrants representing the right to purchase upon exercise an aggregate of 76,082 shares (subject to adjustment) of the Class C Common Stock of the Company.
The Borrower will not permit the ratio, at any time after the Non Guaranty Date, of its Consolidated Tangible Net Worth to its Consolidated Indebtedness to be less than 1.00 to 1.35.
Guarantor entered into that certain Guaranty dated as of [Guaranty Date], for the benefit of Lender (the “Guaranty”) to guaranty the Guaranteed Obligations (as defined in the Guaranty) under that certain Master Credit Facility Agreement dated as of February 27, 2009, by and between borrowers signatory thereto (individually and collectively, the “Borrower”) and Lender (as amended, restated or otherwise modified from time to time, the “Master Agreement”).
Section 7.04 of the Credit Agreement is amended by deleting the words “Create, incur, assume or suffer to exist any Indebtedness of Max Capital’s Subsidiaries, except:” and inserting “Create, incur, assume or suffer to exist any Indebtedness of Alterra Capital’s Subsidiaries (other than the Parent and, from and after the US Finance Co. Guaranty Date, US Finance Co., which shall be able to incur Indebtedness if Alterra Capital could incur such Indebtedness), except:” therefor.
Such purchase price adjustment shall be paid by Seller to Buyer by returning an appropriate amount of shares of Original Common Stock, valued at the Guaranteed Price as of the Guaranty Date next preceding such adjustment plus pro rata 6% p.a or in cash at the option of Seller.
The Borrower will, at all times after the Non Guaranty Date, maintain Consolidated Tangible Net Worth of at least $40,000,000.
Section 6.9 of the Credit Agreement is amended by adding the following new clause (xv) at the end thereof: ; and (xv) from and after the US Finance Co. Guaranty Date, the US Finance Co. Indenture Restrictions.