Maximum Guarantor Liability definition

Maximum Guarantor Liability has the meaning specified in Section 12.4(a)(i).
Sample 1Sample 2Sample 3
Maximum Guarantor Liability means the greater of either (a) $90,000,000 less any amounts paid by any Subsidiary of Guarantor under any Loan Document or (b) the aggregate amount of any loan, advance, extension of credit, or capital contribution from any Company to Guarantor or any of Guarantor's Subsidiaries made on or after the date of this Guaranty, or any investment in Guarantor or any of Guarantor's Subsidiaries by any Company made on or after the date of this Guaranty, less (x) any repayment of any such loan, advance, extension of credit, capital contribution, or investment by Guarantor or any of Guarantor's Subsidiaries, (y) the amount of all dividends and distributions received by any Company from Guarantor or any of Guarantor's Subsidiaries, and (z) any amounts paid by any Subsidiary of Guarantor under any Loan Document.
Sample 1Sample 2
Maximum Guarantor Liability has the meaning specified in Section 12.4. “Maximum Rate” has the meaning specified in Section 11.14.
Sample 1

Examples of Maximum Guarantor Liability in a sentence

  • For all purposes of this Article XII, notwithstanding the foregoing, the liability of each Guarantor individually with respect to its Guarantors’ Obligations shall be limited to an aggregate amount equal to the Maximum Guarantor Liability.

  • The contribution agreement in this paragraph is intended only to define the relative rights of the Guarantors and nothing set forth in this paragraph is intended to or shall impair the obligations of the Guarantors, jointly and severally, to pay any amounts as and when the same shall become due and payable in accordance with the terms of this Agreement (up to the Maximum Guarantor Liability).


More Definitions of Maximum Guarantor Liability

Maximum Guarantor Liability has the meaning specified in Section 12.4(a)(i). “Maximum Rate” has the meaning specified in Section 11.14. “Minimum Collateral Amount” means, at any time, (a) with respect to Cash Collateral consisting of cash or deposit account balances, an amount equal to 103% of the Fronting Exposure of any Issuing 27
Sample 1
Maximum Guarantor Liability has the meaning set forth in Subsection 9.20(A).
Sample 1

Related to Maximum Guarantor Liability

  • Excluded Hedge Liability or Liabilities means, with respect to each Borrower and Guarantor, each of its Swap Obligations if, and only to the extent that, all or any portion of this Agreement or any Other Document that relates to such Swap Obligation is or becomes illegal under the CEA, or any rule, regulation or order of the CFTC, solely by virtue of such Borrower’s and/or Guarantor’s failure to qualify as an Eligible Contract Participant on the Eligibility Date for such Swap. Notwithstanding anything to the contrary contained in the foregoing or in any other provision of this Agreement or any Other Document, the foregoing is subject to the following provisos: (a) if a Swap Obligation arises under a master agreement governing more than one Swap, this definition shall apply only to the portion of such Swap Obligation that is attributable to Swaps for which such guaranty or security interest is or becomes illegal under the CEA, or any rule, regulations or order of the CFTC, solely as a result of the failure by such Borrower or Guarantor for any reason to qualify as an Eligible Contract Participant on the Eligibility Date for such Swap; (b) if a guarantee of a Swap Obligation would cause such obligation to be an Excluded Hedge Liability but the grant of a security interest would not cause such obligation to be an Excluded Hedge Liability, such Swap Obligation shall constitute an Excluded Hedge Liability for purposes of the guaranty but not for purposes of the grant of the security interest; and (c) if there is more than one Borrower or Guarantor executing this Agreement or the Other Documents and a Swap Obligation would be an Excluded Hedge Liability with respect to one or more of such Persons, but not all of them, the definition of Excluded Hedge Liability or Liabilities with respect to each such Person shall only be deemed applicable to (i) the particular Swap Obligations that constitute Excluded Hedge Liabilities with respect to such Person, and (ii) the particular Person with respect to which such Swap Obligations constitute Excluded Hedge Liabilities.

  • Maximum Liability has the meaning assigned to such term in Section 10.10.

  • U.S. Guarantor means a Guarantor whose jurisdiction of organisation is a state of the United States of America or the District of Columbia.

  • Guaranteed Obligations has the meaning set forth in Section 11.01.

  • Obligation Guaranty means any Guarantee of all or any portion of the Secured Obligations executed and delivered to the Administrative Agent for the benefit of the Secured Parties by a guarantor who is not a Loan Party.

  • Holdings Guaranty means the Holdings Guaranty made by Holdings in favor of the Administrative Agent on behalf of the Secured Parties, substantially in the form of Exhibit F-1.

  • Loan Guaranty means Article X of this Agreement.