Relevant Guaranteed Party definition

Relevant Guaranteed Party means (i) with respect to the Lead Borrower, each of the Subsidiary Borrowers and (ii) with respect to any Credit Party that is a Subsidiary Borrower, the Lead Borrower and each other Subsidiary Borrower other than such Credit Party.

Relevant Guaranteed Party means (i) with respect to the U.S. Borrower, the Bermuda Borrower and each Subsidiary of the U.S. Borrower party to any Interest Rate Protection Agreement or Other Hedging Agreement with any Secured Creditor and (ii) with respect to the Bermuda Borrower, each Foreign Subsidiary of the U.S. Borrower (other than the Bermuda Borrower) party to any Interest Rate Protection Agreement or Other Hedging Agreement with any Secured Creditor.

Relevant Guaranteed Party means (i) with respect to the Company, each U.S. Subsidiary Borrower and (ii) with respect to any U.S. Subsidiary Borrower, the Company and any other U.S. Subsidiary Borrower.

Examples of Relevant Guaranteed Party in a sentence

• Each Credit Party waives, to the fullest extent permitted under law, any defense arising out of any such election by the Guaranteed Creditors, even though such election operates to impair or extinguish any right of reimbursement or subrogation or other right or remedy of such Credit Party against any Relevant Guaranteed Party or any other party or any security.

• Additionally, each Credit Party unconditionally and irrevocably guarantees the payment of any and all of its Relevant Guaranteed Obligations to the Guaranteed Creditors whether or not due or payable by any Relevant Guaranteed Party upon the occurrence of any of the events specified in Section 11.05, and irrevocably and unconditionally promises to pay such indebtedness to the Guaranteed Creditors, or order, on demand, in the currency in which the obligation was originally denominated.

• It is not necessary for any Guaranteed Creditor to inquire into the capacity or powers of any Relevant Guaranteed Party or the officers, directors, partners or agents acting or purporting to act on their behalf, and any Relevant Guaranteed Obligations made or created in reliance upon the professed exercise of such powers shall be guaranteed hereunder.

• The obligations of each Credit Party hereunder are independent of the obligations of any other guarantor, any other party or any Relevant Guaranteed Party, and a separate action or actions may be brought and prosecuted against any Credit Party whether or not action is brought against any other guarantor, any other party or any Relevant Guaranteed Party and whether or not any other guarantor, any other party or any Relevant Guaranteed Party be joined in any such action or actions.

• Any payment by any Relevant Guaranteed Party or other circumstance which operates to toll any statute of limitations as to such Relevant Guaranteed Party shall operate to toll the statute of limitations as to the relevant Credit Party.

More Definitions of Relevant Guaranteed Party

Relevant Guaranteed Party means (i) with respect to Holdings, each Borrower and its Restricted Subsidiaries, (ii) with respect to the U.S. Borrower, the Canadian Borrower and its Restricted Subsidiaries and (iii) with respect to the Canadian Borrower and its Restricted Subsidiaries.

Relevant Guaranteed Party means (i) with respect to Holdings, each Borrower and each Subsidiary of Holdings party to any Interest Rate Protection Agreement or Other Hedging Agreement with any Secured Creditor, (ii) with respect to Intermediate Holdco, each Borrower and each Subsidiary of Intermediate Holdco party to any Interest Rate Protection Agreement or Other Hedging Agreement with any Secured Creditor, (iii) with respect to the U.S. Borrower, the Bermuda Borrower and each Subsidiary of Holdings (other than the U.S. Borrower) party to any Interest Rate Protection Agreement or Other Hedging Agreement with any Secured Creditor and (iv) with respect to the Bermuda Borrower, each Foreign Subsidiary of Holdings (other than the Bermuda Borrower) party to any Interest Rate Protection Agreement or Other Hedging Agreement with any Secured Creditor.

Relevant Guaranteed Party means with respect to any Credit Party, any other Credit Party.

Relevant Guaranteed Party means, as to any Guarantor, each Borrower (other than such Guarantor) and each Subsidiary of the Corporation (other than, if such Guarantor is not the Corporation, such Guarantor) party to any Interest Rate Protection Agreement or Other Hedging Agreement with any Guaranteed Creditor.

Relevant Guaranteed Party means, as to any DRLB Guarantor, each Borrower (other than such DRLB Guarantor) and each Subsidiary of the Corporation (other than, if such DRLB Guarantor is not the Corporation, such DRLB Guarantor) party to any Interest Rate Protection Agreement or Other Hedging Agreement with any Guaranteed Creditor.

Relevant Guaranteed Party means (a) with respect to the Parent, KEC and (b) with respect to KEC, the Parent.