Guaranty Release Date definition

Guaranty Release Date means the date that all of the following conditions have been satisfied: (a) no Default exists, (b) at least two of S&P Rating, Xxxxx’x Rating or Fitch Rating is greater than or equal to BBB-, Baa3 or BBB-, respectively, (c) there are no Guarantees by the Borrower or any Subsidiaries of the Revolving Loan Facility, the U.S. Cellular Term Loan Facility or of the U.S. Cellular Revolving Loan Facility (or any such Guarantee shall be released substantially concurrently with the Guaranty Release Date) and (d) there is no outstanding Pari Passu Guaranteed Indebtedness (or, if there is outstanding Pari Passu Guaranteed Indebtedness as of such date, all Guarantees of such Pari Passu Guaranteed Indebtedness shall be released substantially concurrently with the Guaranty Release Date).

Guaranty Release Date shall have the meaning set forth in Section 17.3.5.

Guaranty Release Date has the meaning specified in Section 4.04.

Examples of Guaranty Release Date in a sentence

• Upon delivery of a certificate of a Responsible Officer to the Administrative Agent certifying that (x)(i) the Guaranty Release Date has occurred or (ii) such Person ceases to be a Material Domestic Subsidiary as a result of a transaction permitted under the Loan Documents, as applicable, and (y) no Default exists and is continuing, such Guarantor shall be automatically released from the Guaranty.

• Lease Guarantor acknowledges and agrees that the full extent of all of the Guaranty Termination Obligations may not be known or demanded as of the Guaranty Release Date.

• The Lenders and the L/C Issuer irrevocably authorize the Administrative Agent to release any Guarantor from its obligations under the Guaranty if (a) the Guaranty Release Date occurs or (b) such Person ceases to be a Material Domestic Subsidiary as a result of a transaction permitted under the Loan Documents.

• The Lenders irrevocably authorize the Administrative Agent to release any Guarantor from its obligations under the Guaranty if (a) the Guaranty Release Date occurs or (b) such Person ceases to be a Material Domestic Subsidiary as a result of a transaction permitted under the Loan Documents.

• The Completion Guaranty Release Date shall be deemed to occur on the date the Disbursement Agent countersigns the Company's Completion Guaranty Release Certificate.

More Definitions of Guaranty Release Date

Guaranty Release Date means the date on which the Guarantor is released and discharged from its obligations under this Agreement and the Guaranty as set forth in Section 9.08.

Guaranty Release Date means the date the Guarantees of the Subsidiaries are released in accordance with the terms of Section 11.19.

Guaranty Release Date means the date that all of the following conditions have been satisfied: (a) no Default exists, (b) at least two of S&P Rating, Xxxxx’x Rating or Fitch Rating is greater than or equal to BBB-, Baa3 or BBB-, respectively, (c) there are no Guarantees by the Parent Company, the Borrower or any of their respective Subsidiaries of the CoBank Term Loan Facility or of the Parent Credit Agreement (or any such Guarantee shall be released substantially concurrently with the Guaranty Release Date) and (d) there is no outstanding Pari Passu Guaranteed Indebtedness (or, if there is outstanding Pari Passu Guaranteed Indebtedness as of such date, all Guarantees of such Pari Passu Guaranteed Indebtedness shall be released substantially concurrently with the Guaranty Release Date).

Guaranty Release Date means the date that all of the following conditions have been satisfied: (a) no Default exists, (b) at least two of S&P Rating, Moody’s Rating or Fitch Rating is greater than or equal to BBB-, Baa3 or BBB-, respectively, (c) there are no Guarantees by the Borrower or any Subsidiaries of the Revolving Loan Facility, the U.S. Cellular Term Loan Facility or of the U.S. Cellular Revolving Loan Facility (or any such Guarantee shall be released substantially concurrently with the Guaranty Release Date) and (d) there is no outstanding Pari Passu Guaranteed Indebtedness (or, if there is outstanding Pari Passu Guaranteed Indebtedness as of such date, all Guarantees of such Pari Passu Guaranteed Indebtedness shall be released substantially concurrently with the Guaranty Release Date).

Guaranty Release Date with respect to the Guaranty of IP Holdco, the date that is one (1) Business Day prior to the consummation of an Initial Public Offering so long as, as of such date, no Default or Event of Default has occurred and is continuing.

Guaranty Release Date means the first Business Day of the first month following the date on which (a) no Default or Event of Default shall have occurred and be continuing; (b) the Borrower has provided the Lender with a Compliance Certificate showing that the Borrower has achieved a Debt Service Coverage of not less than 2.00 to 1.00 for the Measurement Period ending on the Measurement Date of such Compliance Certificate; and (c) the outstanding principal balance of the Term Loan is less than fifty percent (50%) of the market value of the Trust Preferred Shares that are pledged to the Lender pursuant to the Stock Pledge Agreement.

Guaranty Release Date means the date the Guarantees of the Subsidiaries are released in accordance with the terms of Section 11.17.