Guaranty Limit definition

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 Guarantor under Section 4.12 hereof.

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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%.

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 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.

• If at any time any payment in respect of any of the Guaranteed Obligations is rescinded or must otherwise be returned for any reason whatsoever, in whole or in part, the Guarantors’ obligations hereunder shall (x) revive and remain in full force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.

• The Guaranty Limit shall be reduced as set forth in the table below on certain anniversary dates of March 1, 2010.

More Definitions of Guaranty Limit

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

Guaranty Limit. With respect to Guarantor Indebtedness only (and not Guarantor Recourse Liabilities), twenty-five (25%) percent (or such other percentage as may be agreed to by Seller, Guarantor and Buyer on a case-by-case basis in the related Confirmation with respect to any particular Purchased Asset) of the aggregate outstanding Repurchase Price of all Purchased Assets, measured at (x) if Buyer has not yet declared an Accelerated Repurchase Date or an Accelerated Repurchase Date has not automatically occurred, the time the Guarantor Indebtedness became due and payable, or (y) if Buyer has declared an Accelerated Repurchase Date or an Accelerated Repurchase Date automatically occurs, the time Buyer exercises such remedy. For the avoidance of doubt, the Guaranty Limit does not apply to any costs and expenses that may be incurred under this Guaranty (including under Section 5.01), nor to any indemnification obligations under this Guaranty.

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

Guaranty Limit means $306,900,000. --------------