Guaranty Limit definition

Guaranty Limit has the meaning set forth in Section 2 of this Guaranty.

Guaranty Limit. The amount equal to 100% of the aggregate outstanding Repurchase Price for all Purchased Loans, provided, that upon, and from and after, Guarantor having raised $50,000,000 of equity capital, the “Guaranty Limit” shall mean the sum of (a) twenty five percent (25%) of the aggregate outstanding Repurchase Price for Purchased Loans with a Debt Yield (Purchase Price), calculated as of the applicable Purchase Date for such Purchased Loans, equal to or greater than 10% and (b) one hundred percent (100%) of the aggregate outstanding Repurchase Price for Purchased Loans with a Debt Yield (Purchase Price), calculated as of the applicable Purchase Date for such Purchased Loans, less than 10%.

Guaranty Limit means an amount equal to the sum of: (a) the aggregate amount of Note Indebtedness advanced by the Borrower to each Guarantor under and in accordance with the Intercompany Revolving Notes (irrespective of which Guarantor is the obligor under any particular Intercompany Revolving Note); (b) the aggregate amount of Note Indebtedness with respect to the Subsequent Term Loan; (c) the aggregate amount of Note Indebtedness with respect to the CO2 Term Loan; and (d) the obligations of the Guarantors under Section 4.12 hereof.

Examples of Guaranty Limit in a sentence

• The Guaranty Limit for any claim under this Guaranty shall be the Guaranty Limit on the date on which the earliest of any act or omission that is a basis of the claim occurred.

• If at any time any payment in respect of any of the Guaranteed Obligations is rescinded or must otherwise be returned for any reason whatsoever, in whole or in part, the Guarantors’ obligations hereunder shall (x) revive and remain in full force and effect or (y) be reinstated (as the case may be) with respect to such Guaranteed Obligations, in any case, subject to the Guaranty Limit.

• This Guaranty is a primary and original obligation of Guarantor, is not merely the creation of a surety relationship, and is, subject to the Guaranty Limit, an absolute, unconditional, and continuing guaranty of payment and performance which shall remain in full force and effect without respect to future changes in conditions until or unless this Guaranty has been terminated pursuant to Section 2.

• If Parent or Merger Sub shall default in the due and punctual payment in full of the Merger Consideration, the Guarantors will forthwith make full payment of any amount due with respect thereto, up to the amount of the Guaranty Limit.

• Specifically, but without limiting the generality of the foregoing, no action or proceeding by Trustee under any document or instrument evidencing the Guarantied Obligations shall serve to diminish the liability of Guarantor under this Guaranty except to the extent that Trustee finally and unconditionally shall have realized (i) payment in full of the Guarantied Obligations from the Guarantor up to the Guaranty Limit or (ii) payment in full of the Guarantied Obligations by such action or proceeding.

More Definitions of Guaranty Limit

Guaranty Limit has the meaning specified in Section 27.01(a)

Guaranty Limit shall be an amount equal to the following (plus all interest thereon, plus all reasonable costs and attorneys fees incurred in enforcing the obligations of Guarantor under this Guaranty):

Guaranty Limit means, at any time and from to time, (a) -------------- $250,000,000, minus (b) subject to any reinstatement pursuant to Section 6.13, ----- the aggregate amount of all repayments and prepayments of Bridge Loans by Borrower as of such date, plus (c) all interest and fees to be paid on the ---- Bridge Loans under the Bridge Loan Agreement and the Bridge Notes through the Maturity Date and, solely to the extent arising out of the Bridge Loan Agreement and the Bridge Notes, all expenses and indemnities thereon.

Guaranty Limit means $350,100,000. --------------

Guaranty Limit means the Guaranty Limit Amount in the form of Cash -------------- and/or, at the option of the Company, debt securities issued by the Company having a then-present value (taking into account, among other things, the liquidity of such securities) at the time of issuance, together with any Cash contemplated by this definition, equal to the Guaranty Limit Amount, as determined by a Qualified Fairness Opinion.

Guaranty Limit. The sum of (a) twenty five percent (25%) of the aggregate outstanding Repurchase Price for Purchased Assets that are Core Assets and (b) one hundred percent (100%) of the aggregate outstanding Repurchase Price for Purchased Assets that are Flex Assets, in each case of clauses (a) and (b), measured as of the Accelerated Repurchase Date.

Guaranty Limit means twenty-five percent (25%) of the then currently due and unpaid aggregate Repurchase Price of all Purchased Mortgage Loans.