Guaranty Release Period definition

Guaranty Release Period means any period commencing on the date on which a Guaranty Release Date occurs and ending on the date on which a Guaranty Trigger Event occurs.
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Guaranty Release Period means any period on or after the Collateral Release Date during which there is no Guaranty from any Subsidiary in effect with respect to any Subordinated Notes or Permitted Junior Indebtedness or any other Indebtedness of the Borrower. Each Guaranty Release Period shall terminate as of any date after the commencement of such Guaranty Release Period on which there is a Guaranty from any Subsidiary of the Borrower in effect with respect to any Subordinated Notes or Permitted Junior Indebtedness or any other Indebtedness of the Borrower.
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Guaranty Release Period means, each period commencing with the occurrence of a Guaranty Release Event and continuing until the
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Examples of Guaranty Release Period in a sentence

  • Notwithstanding the foregoing, the Borrower shall have no duty to comply with the requirements set forth in clauses (i) - (iii) above during a Guaranty Release Period.

  • Notwithstanding the foregoing, neither the Borrower nor any of its Subsidiaries shall have any duty to comply with the requirements set forth in clause (a)(ii) above during a Guaranty Release Period.

  • Promptly upon the request of the Administrative Agent following the termination of any Guaranty Release Period, the Loan Parties shall execute any and all documents and instrument, and take all such actions that may be required under applicable law or that the Administrative Agent shall reasonably request, to reinstate such Guaranty and to cause the requirements set forth in Section 4.01(a)(v) and Section 6.12 (to the extent relating to guaranties) to be satisfied, all at the expense of the Loan Parties.

  • Notwithstanding anything herein to the contrary, the Administrative Agent agrees to release this Guaranty and all obligations of the Guarantors hereunder during a Guaranty Release Period on the terms set forth in the Credit Agreement or at such other times pursuant to such other conditions as set forth in the Credit Agreement.

  • Notwithstanding anything herein to the contrary, the Administrative Agent agrees to release this Guaranty and all obligations of the Guarantors hereunder during a Guaranty Release Period on the terms set forth in the Credit Agreement.

Related to Guaranty Release Period

  • Collateral Release Period means, each period commencing with the occurrence of a Collateral Release Event and continuing until the occurrence of the next Collateral Reinstatement Event, if any, immediately following such Collateral Release Event.

  • Collateral Release Date has the meaning given that term in Section 8.10.(b).

  • Release Period means the period specified in paragraph 3(d) of the letter of consent.

  • Release Amount means, for a Property, the following applicable amount together with any other amounts specified in Section 2.4.4:

  • Release Event has the meaning set forth in Section 6(b).

  • Release Price As defined in Section 4.5(a).

  • Forbearance Period means the period beginning on the Forbearance Effective Date and ending on the Forbearance Termination Date.

  • Third-Party Release means the release given by each of the Releasing Parties to the Released Parties as set forth in Article VIII.E of the Plan.

  • Overcollateralization Release Amount With respect to any Distribution Date, the lesser of (x) the Principal Remittance Amount for such Distribution Date and (y) the Excess Overcollateralized Amount.

  • Forbearance Termination Date means the earlier to occur of (i) the Termination Date and (ii) a Termination Event.

  • Release Property has the meaning set forth in Section 2.5.

  • Aggregate Overcollateralization Release Amount With respect to any Distribution Date, the lesser of (x) the aggregate of the Principal Remittance Amounts for each Mortgage Pool for such Distribution Date and (y) the amount, if any, by which (i) the Overcollateralization Amount for such date, calculated for this purpose on the basis of the assumption that 100% of the aggregate of the Principal Remittance Amounts for such Distribution Date is applied on such date in reduction of the aggregate Certificate Principal Amount of the Certificates, exceeds (ii) the Targeted Overcollateralization Amount for such Distribution Date.

  • Term Loan Termination Date means the earlier to occur of (a) the Term Loan Maturity Date and (b) the acceleration of the Term Loans in accordance with the terms hereof.

  • Release Notice has the meaning specified in Section 11.19(b).

  • Escrow Release Date has the meaning set forth in the Escrow Agreement.

  • Waiver Period means, for each applicable fee, the period of time from the initial effective date of the MIAX PEARL Fee Schedule until such time that the Exchange has an effective fee filing establishing the applicable fee. The Exchange will issue a Regulatory Circular announcing the establishment of an applicable fee that was subject to a Waiver Period at least fifteen (15) days prior to the termination of the Waiver Period and effective date of any such applicable fee.

  • Subordination Period means the period commencing on the Closing Date and ending on the first to occur of the following dates:

  • Release Effective Date means the date the Release becomes effective and irrevocable.

  • Loan Termination Date means the earliest to occur of the following: (a) November , 2009, (b) the date the Obligations are accelerated pursuant to this Agreement or the Revolving Note and (c) the date the Bank has received (i) notice in writing from the Borrower of the Borrower’s election to terminate this Agreement or the Revolving Note or (ii) indefeasible payment in full of the Obligations.

  • Subordination Depletion Date The Distribution Date preceding the first Distribution Date on which the Class A Percentage (determined pursuant to clause (ii) of the definition thereof) equals or exceeds 100%.

  • Financing Period means the number of calendar days from, but excluding, the immediately preceding Reset Date to, and including, the current Reset Date.

  • Guaranteed Advance Payment Sum means: The maximum amount of R .........................................................................

  • Interest Free Security Deposit/ Performance Security means interest free amount to be deposited by the Licensee with DMRC as per terms and conditions of License Agreement as a security against the performance of the License Agreement.

  • Escrow Release Conditions means, collectively, the conditions set forth in Section 4.3.

  • Collective agreement year means each twelve (12) month period commencing on the first day of the renewed collective agreement. For example, the collective agreement year for a collective agreement that commences on April 1, 2014 is April 1, 2014 to March 31, 2015 and each period from April 1 to March 31 for the term of the collective agreement.

  • Released Property shall have the meaning set forth in Section 2.5.2 hereof.