Guaranty Term definition

Guaranty Term shall have the meaning given such term in the Marriott Guaranty Agreement.

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Guaranty Term shall have the meaning given such term in Section 3 hereof.

Guaranty Term shall refer to the period of time that the ADNR has any interest in the ADNR CD (and any proceeds, replacements, or income from the same), whether via the ADNR Pledge or otherwise.

Examples of Guaranty Term in a sentence

• The Guaranty Term shall continue until the first to occur of the following events, and thereafter as provided in subsection B.

• During the Guaranty Term, if Landlord at any time fails to make any payment when due under the Lease or fails to perform or comply with any other term or condition of the Lease, Guarantor shall, upon demand from Tenant, pay, perform and comply with the same.

• The obligations of the Guarantor under this Guaranty shall be discharged and released upon the earlier of (a) the performance or payment in full of the Guaranteed Obligations, or (b) 30 days following the end of the Guaranty Term, provided, that in the event any demand is made hereunder prior to the such time shall remain obligations of the Guarantor until discharged in full.

• If during the Guaranty Term Tenant shall fail to pay all or any portion of the Guaranteed Rent when due, Guarantor shall pay (without first requiring the Landlord to proceed against Tenant, any other person, or any other security) to Landlord all Guaranteed Rent due and unpaid.

• On the date hereof, that certain Amended and Restated Guaranty (Term Loan) previously entered into by the Guarantor in favor of the Administrative Agent (as amended through the date hereof, the “Original Guaranty”) shall be modified, amended and restated by this Guaranty.

• Until the Guaranty Term has ended or, if later, until all Reimbursement Amounts then outstanding and all fees due and payable hereunder have been paid in full, the Borrower shall promptly furnish to the Guarantor such information regarding the status of the Borrower's obligations under the Credit Agreement as the Guarantor may from time to time reasonably request; PROVIDED, HOWEVER, that the Guarantor shall hold as confidential any non-public information so received.

• Each Guarantor hereby covenants and agrees solidarily to advance, on the terms set forth below, the funds required to fund any and all Operating Deficits incurred by the Borrower during the Guaranty Period, within 120 days following the end of each fiscal year during the Guaranty Term.

• All notices, approvals, requests, demands and other communications hereunder shall be given and deemed effective in accordance with the notice provision of the Credit Agreement; Holdings Guaranty (Term Loan) 60311480 provided, that such notices shall be given to each Guarantor at its address or facsimile number set forth on the signature pages hereof.

• If such independent audit establishes that the Aggregate Amount Funded did not equal or exceed the Guaranty Funding Limit, the Guaranty Term shall not end pursuant to Section 3.A.1, but shall continue, subject nevertheless to all of the terms and conditions hereof (including without limitation Section 3.A) and the reasonable third-party costs of such audit shall be borne by Guarantor.

• During the term of the Guaranty, as defined in Section 2 of the Guaranty (the "Guaranty Term"), Indemnitor shall not amend or modify the New Lease, exercise any expansion or extension rights or do anything that could increase Indemnitee's obligations or decrease Indemnitee's rights under the Guarantee without the prior written consent of Indemnitor.

More Definitions of Guaranty Term

Guaranty Term shall have the meaning given such term in the Guaranty Agreement.

Guaranty Term means the period of time commencing on the date hereof and ending on the date that the Guarantor has no obligations, contingent or otherwise, under the Guaranty.

Guaranty Term means the period commencing on the first day of the first Earnout Year and ending on the earlier to occur of (i) the end of any Guaranty Period if the Ortho and RPR Gross Profit equals or exceeds [*]% of the Net Sales of the Guaranteed Products during that Guaranty Period and the immediately preceding Guaranty Period, (ii) the [*] of the Ortho Supply Agreement or any supply agreement arising in connection with the RPR License Agreement, or (iii) the [*] anniversary of the commencement of the Guaranty Term. Following the end of each Guaranty Period in which the Ortho and RPR Gross Profit is less than [*]% of Net Sales of the Guaranteed Products, Seller shall, in accordance with the procedures set forth in Section 7.6.4, pay to Purchaser the amount that, when added to the Gross Profit derived by Purchaser from the Guaranteed Products during such Guaranty Period, would be required to yield an Ortho and RPR Gross Profit of [*]% of Net Sales of the Guaranteed Products for such period (each such payment, an "Ortho and RPR Profit Payment"). Amounts earned by or otherwise paid to any Affiliate of Purchaser for performing any additional services with respect to the products manufactured for Ortho under the Ortho Supply Agreement, including without limitation any packaging services, shall be expressly excluded from the calculation of Ortho and RPR Gross Profit. Any amounts paid by Seller under this Section 7.6.3 shall be included in Net Sales for purposes of determining the Earnout Payments under Section 1.3.1(c). For purposes of this Section 7.6.3, revenues derived by Purchaser from the sale of products to Ortho or RPR shall be deemed to constitute Net Sales, not as revenues taken into account in calculating Applicable Affiliate Profits.