Lender Guaranty definition

Lender Guaranty shall have the meaning assigned thereto in the Recitals hereof.

Lender Guaranty has the meaning ascribed in the recitals.

Lender Guaranty shall have the respective meanings ascribed thereto in subsection 2.1(c).

Examples of Lender Guaranty in a sentence

• Additions to the Lender Guaranty Reserve shall be established concurrently with the issuance of each Lender Guaranty.

• In both general education systems, faculty from any discipline can propose courses to satisfy the targeted ISLOs; hence, faculty across the University practice ethical reasoning with their students.One factor unique to Gallaudet is that the relatively small size of the deaf community can result in multiple roles and relationships that intersect on and off campus (e.g., a person might simultaneously hold multiple roles in the community.

• The Lender will notify the Borrower promptly of any demand for payment under a Lender Guaranty, together with notice of the date (the “Lender Guaranty Disbursement Date”) such payment shall be made (each such payment, a “Lender Guaranty Disbursement”).

• Lender Guaranty Fees shall be payable monthly in arrears on the first day of the month following the date of issuance of any such Lender Guaranty and the first day of each month thereafter during which such Lender Guaranty shall remain outstanding and on the Termination Date.

• Promptly, and in any case within seven (7) days notice thereof, notify the Lender of any demand or event or circumstance that is reasonably likely to cause a demand under any Lender Guaranty.

More Definitions of Lender Guaranty

Lender Guaranty. FEES" shall have the meaning ascribed thereto in SUBSECTION 2.17.

Lender Guaranty and "Lender Guarantees" shall have the meanings assigned thereto in the Recitals hereof.

Lender Guaranty means a letter of credit issued by Xxxxxx or a guaranty issued by Xxxxxx to induce a bank selected by Borrower, reasonably acceptable to Xxxxxx, to issue a letter of credit, or, without duplication, any payment made by Xxxxxx pursuant to any letter of credit subject to a Lender Guaranty which has not been reimbursed by Borrower or charged to Borrower as a Revolving Loan. In determining the amount of outstanding Lender Guaranties, the maximum amount of any Xxxxxx guaranty to a bank issuing letters of credit on behalf of Borrower will be considered outstanding unless such bank reports periodic activity to Xxxxxx showing actual outstanding letters of credit subject to Xxxxxx'x Lender Guaranty. Lender Guaranties will only be provided for letters of credit which expire within one (1) year after date of issuance but not later than six (6) months after the date specified in clause (c) of the definition of "Expiry Date", provided that upon the occurrence of the Expiry Date Borrower shall deposit with Xxxxxx for security purposes and subject to the provisions of the Security Agreement an amount in cash equal to 105% of all outstanding Lender Guaranties. Borrower shall give Xxxxxx five (5) Business Days' prior written notice requesting a letter of credit issued by Xxxxxx or requesting Xxxxxx to issue a guaranty to a bank that is not under a continuing agreement with Xxxxxx with respect thereto. Xxxxxx shall not be obligated to issue such a guaranty until Xxxxxx and the bank that will be issuing such letter of credit have entered into an agreement, in form and substance reasonably satisfactory to Xxxxxx and Borrower, which agreement will govern Xxxxxx'x guaranty of all letters of credit to be issued by such bank for the benefit of Borrower. Thereafter, letters of credit may be issued by the bank if it promptly gives notice to Xxxxxx. Such agreement between Xxxxxx and any bank shall provide that Xxxxxx shall make payment on a guaranty of a letter of credit only if the bank which is the beneficiary thereof shall have demanded payment from Borrower and Borrower shall not have made payment within one (1) Business Day of such demand. Borrower is irrevocably and immediately responsible to Xxxxxx for reimbursement of any amount paid by Xxxxxx under any Lender Guaranty. This reimbursement shall automatically occur by a debit to the Revolving Loan without prior notice. Borrower shall maintain an operating account at the issuing bank (if other than Xxxxxx) for settlement of le...

Lender Guaranty is deleted in its entirety.

Lender Guaranty shall include the Additional Lender Guaranty; and (iii) the term "Noteholder Guaranty" shall include the Additional Noteholder Guaranty.

Lender Guaranty means, collectively, the Initial Lender Guaranties and all Subsequent Lender Guaranties.

Lender Guaranty has the meaning ascribed to that term in subsection 2.4.