Guaranty Opportunity definition

Guaranty Opportunity has the meaning set forth in Section 2.4(b).
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Guaranty Opportunity is defined in Section 4(a).
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Guaranty Opportunity means an opportunity to enter into (i) a “vertical slice guarantee” of liabilities of the Partnership pursuant to which the Protected Partner will guarantee a certain percentage of every dollar that the lender for the guaranteed liability is not repaid by the Partnership or (ii) a “deficit restoration obligation” pursuant to which the Protected Partner would enter into a written obligation to restore part or all of its deficit capital account in the Partnership upon the occurrence of certain events.
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Examples of Guaranty Opportunity in a sentence

  • Each Guaranty Partner and its indirect owners may allocate the Guaranty Opportunity afforded to such Guaranty Partner in any manner they choose.

  • Each Non-Qualified Liability Partner and its indirect owners may allocate the Guaranty Opportunity afforded to such Non-Qualified Liability Partner in any manner they choose.

  • Each Protected Partner may allocate the Guaranty Opportunity afforded to such Protected Partner in any manner determined to be desirable by the Protected Partner.

  • Provided the Operating Partnership satisfies its obligations under Section 2.4(a), (b) and (c) of this Agreement, it shall have no liability to a Guaranty Partner under Section 2.4(e) for breach of Section 2.4, whether or not such Guaranty Partner accepts its Guaranty Opportunity.

  • Provided the Operating Partnership satisfies its obligations under Section 2.5(a), (b) and (c) of this Agreement, it shall have no liability to any Non-Qualified Liability Partner for breach of Section 2.5, whether or not such Non-Qualified Liability Partner accepts its Guaranty Opportunity.

  • Provided the Operating Partnership satisfies its obligations under Section 2.4(a), (b) and (c) of this Agreement, the Operating Partnership shall have no liability to a Protected Partner under Section 2.4(e) for breach of Section 2.4, whether or not such Protected Partner timely accepts its Guaranty Opportunity.

  • Provided the Operating Partnership satisfies its obligations under Section 2.4(a), (b) and (c) of this Agreement, the Operating Partnership shall have no liability to a Guaranty Partner under Section 2.4(e) for breach of Section 2.4, whether or not such Guaranty Partner timely accepts its Guaranty Opportunity.

  • In no event is the Company responsible for providing the fair market value of any property, although the Protected Party Representative may request third party appraisals (if any) the Company has already obtained when such information is related to a Guaranty Opportunity a Protected Party may undertake.

  • If any Protected Party intends to undertake a Guaranty Opportunity, it shall provide a written notification to the Company Representative of such intention.

  • With respect to the Guaranty Opportunity, the Protected Party will bear any costs or expenses associated with the contest or litigation of any position taken with regard to any allocation of partnership liabilities under Code Section 752 of the Code and the Treasury Regulations promulgated thereunder, including any costs associated with counsel or an accounting firm providing FCEI the well-reasoned opinion described above.