Qualified Manager Guaranty definition

Qualified Manager Guaranty means an unconditional full payment guarantee of the Qualified Mezzanine Loan, which shall be provided by an affiliate of the Qualified Manager, which otherwise shall be in form and substance acceptable to the Qualified Manager, Qualified Mezzanine Lender, and the Prepetition Secured Lender in their respective sole discretion.
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Examples of Qualified Manager Guaranty in a sentence

  • If you choose to access this Site from outside the United States, you do so on your own initiative and are responsible for compliance with applicable local laws.

  • Additionally, the terms of the New Hotel Management Agreement, the Qualified Manager Guaranty, and the Qualified Manager SNDA (the “Qualified Manager Documents”) are fair and reasonable, reflectthe Debtors’ exercise of prudent business judgment, do not conflict with any contracts or agreements of third parties, are supported by reasonably equivalent value and fair consideration, and are in the best interests of the Debtors, the Debtors’ Estates, and their creditors.

Related to Qualified Manager Guaranty

  • Guaranty Agreement means an agreement executed by the Guarantors in substantially the form of Exhibit F 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.

  • Non-Guarantor Subsidiary means any Restricted Subsidiary that is not a Guarantor.

  • Foreign Guaranty means a Corporate Guaranty provided by an Affiliate of a Participant that is domiciled in a foreign country, and meets all of the provisions of Tariff, Attachment Q. Form 715 Planning Criteria: “Form 715 Planning Criteria” shall have the same meaning provided in the Operating Agreement.

  • Subsidiary Loan Agreement means the agreement to be entered into between the Borrower and ECTEL pursuant to Section 3.01(b) of this Agreement, as the same may be amended from time to time; and such term includes all schedules to the Subsidiary Loan Agreement;

  • Guaranty means, with respect to any Person, any obligation (except the endorsement in the ordinary course of business of negotiable instruments for deposit or collection) of such Person guaranteeing or in effect guaranteeing any indebtedness, dividend or other obligation of any other Person in any manner, whether directly or indirectly, including (without limitation) obligations incurred through an agreement, contingent or otherwise, by such Person:

  • Subsidiary Guaranty means, collectively, the Subsidiary Guaranty made by the Subsidiary Guarantors in favor of the Collateral Agent on behalf of the Secured Parties, substantially in the form of Exhibit F-2, together with each other Guaranty and Guaranty supplement delivered pursuant to Section 6.12.

  • Guaranty Agreements means, collectively, the Parent Guaranty Agreements and the Subsidiary Guaranty Agreements.

  • Corporate Guaranty means a legal document used by an entity to guaranty the obligations of another entity. Cost of New Entry:

  • Guarantor Subsidiary means each Guarantor other than Holdings.

  • Permitted SBIC Guarantee means a guarantee by the Borrower of Indebtedness of an SBIC Subsidiary on the SBA’s then applicable form, provided that the recourse to the Borrower thereunder is expressly limited only to periods after the occurrence of an event or condition that is an impermissible change in the control of such SBIC Subsidiary (it being understood that, as provided in clause (s) of Article VII, it shall be an Event of Default hereunder if any such event or condition giving rise to such recourse occurs).

  • Non-Guarantor Subsidiaries means, as of any date of determination, a collective reference to:

  • Subsidiary Financing Agreement means any agreement to be entered into between the Borrower and a Participating Bank pursuant to Section 3.01 (b) of this Agreement, as the same may be amended from time to time;