Purchase Money Notes Guaranty definition

Purchase Money Notes Guaranty shall have the meaning given in the recitals. “Purchase Money Notes Guarantor” shall have the meaning given in the recitals.
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Purchase Money Notes Guaranty has the meaning given in the recitals to this Agreement.
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Purchase Money Notes Guaranty means the Guaranty Agreement by and between the Purchase Money Notes Guarantor and the Receiver dated as of the date hereof.
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Examples of Purchase Money Notes Guaranty in a sentence

  • If, on the maturity date of any Purchase Money Note, there exists a net loss on investments on amounts deposited into the Defeasance Account, prior to any liquidation and payment described in the following five sentences, the Purchase Money Notes Guarantor shall deposit the amount of such net loss into the Defeasance Account; for the avoidance of doubt, no such deposit by the Purchase Money Notes Guarantor shall constitute a payment pursuant to the Purchase Money Notes Guaranty.

  • Pursuant to the terms and conditions of the Reimbursement, Security and Guaranty Agreement, the Company has pledged all of its rights, title and interest in and to the Loans, the Acquired Property and the Custodial Documents to the Collateral Agent for the benefit of the Purchase Money Notes Guarantor and the other Secured Parties (as defined in the Reimbursement, Security and Guaranty Agreement) as security for certain obligations of the Company under the Purchase Money Notes Guaranty.


More Definitions of Purchase Money Notes Guaranty

Purchase Money Notes Guaranty has the meaning given that term in the recitals. “Receiver Acquired Property” means (i) Underlying Collateral title to which has been acquired by or on behalf of the Initial Member or any Failed Bank by foreclosure, by deed in lieu of foreclosure, by power of sale or by sale pursuant to the Uniform Commercial Code, in any such case in accordance with the Loan Documents if the foreclosure or other acquisition event occurs after the Cut-Off Date, or occurred on or before the Cut-Off Date but the Redemption Period had not expired on or before the Cut-Off Date, (ii) the equity interests in any Ownership Entity holding any such Underlying Collateral and (iii) the assets held directly or indirectly by any such Ownership Entities.
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Purchase Money Notes Guaranty means any, and each, guaranty entered into pursuant to Section 7.2(b)(iv) of the Transfer Agreement or Section 5 of Annex I to the Custodial and Paying Agency Agreement. If more than one such agreement is entered into, all such agreements will rank pari passu with each other in right of payment.
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Related to Purchase Money Notes Guaranty

  • Purchase Money Note means a promissory note of a Receivables Subsidiary evidencing a line of credit, which may be irrevocable, from the Issuer or any Subsidiary of the Issuer to a Receivables Subsidiary in connection with a Qualified Receivables Financing, which note is intended to finance that portion of the purchase price that is not paid by cash or a contribution of equity.

  • Notes Documents means this Indenture, the Notes, the Note Guarantees and the Collateral Documents.

  • Subsidiary Guaranty is defined in Section 9.7(a).

  • Permitted Purchase Money Indebtedness means, as of any date of determination, Purchase Money Indebtedness incurred after the Closing Date in an aggregate principal amount outstanding at any one time not in excess of $1,000,000.

  • Existing Senior Notes Indentures means, the indentures governing the Existing Senior Notes, each as may be amended or supplemented from time to time.

  • Guaranty Agreement means an agreement executed by the Guarantors in substantially the form of Exhibit F-2 unconditionally guarantying on a joint and several basis, payment of the Indebtedness, as the same may be amended, modified or supplemented from time to time.