Replacement Guarantors definition

Replacement Guarantors. As defined in Section 3.6.
Sample 1Sample 2Sample 3
Replacement Guarantors means both of:
Sample 1

Examples of Replacement Guarantors in a sentence

  • In connection with a Transfer under Section 7.1(b) of the Loan Agreement, provided all conditions to such Transfer are satisfied, including, without limitation, execution by Approved Replacement Guarantor(s) of an environmental indemnity in accordance with said Section 7.1(b).

  • Landlord hereby agrees that, in the event that any Replacement Guarantors become Lease Guarantors in accordance with this Section 3.6, the applicable Replaced Guarantors shall be released from their respective obligations under the existing Lease Guaranty and the existing Environmental Indemnity Agreement, in each case that accrue from and after the date of such release.

  • To the extent California law applies, Replacement Guarantor hereby waives all rights and defenses arising out of an election of remedies by Lender even though that election of remedies, such as a nonjudicial foreclosure with respect to security for guaranteed obligations, has destroyed Replacement Guarantor's rights of subrogation and reimbursement against the principal by the operation of Section 580d of the California Code of Civil Procedure or otherwise.

  • This Guaranty shall be binding upon Replacement Guarantor, and Replacement Guarantor's estate, heirs, personal representatives, successors and assigns, may not be assigned or delegated by Replacement Guarantor and shall inure to the benefit of Lender and its successors and assigns.

  • There are no actions, suits or proceedings at law or at equity, pending or, to Replacement Guarantor's best knowledge, threatened against or affecting Replacement Guarantor or which involve or might involve the validity or enforceability of this Guaranty or which might materially adversely affect the financial condition of Replacement Guarantor or the ability of Replacement Guarantor to perform any of its obligations under this Guaranty.

  • Purchaser shall have the right but not the obligation to offer one or more Replacement Guarantors for Lender’s consideration.

  • No information, exhibit, report or certificate furnished by Initial Guarantor or Replacement Guarantor to Buyer in connection with the Transactions or any Transaction Document contains any material misstatement of fact nor, to Initial Guarantor’s or Replacement Guarantor's Knowledge, omits any fact necessary to make such information, exhibit, report, or certificate not materially misleading when taken as a whole and in light of the circumstances under which they were furnished.

  • In its initial applications for the Lender Consent, Buyer shall provide such materials and information concerning the financial and other qualifications of Buyer (or its designee or assignee) and if applicable the Replacement Guarantor(s) as is required by the applicable loan documents or as such lender may otherwise reasonably require.

  • The Borrower, the Parent Guarantor and each of the Replacement Guarantors accept Oslo District Court (No. Oslo tingrett) as venue.

  • For the avoidance of doubt, in the event there is more than one (1) Replacement Guarantor, (x) the obligations and liabilities of the Replacement Guarantors shall be joint and several and (y) the Net Worth and Liquid Assets of such Replacement Guarantors shall be calculated on an aggregate basis for purposes of determining compliance with the Section 5.2 hereof.

Related to Replacement Guarantors

  • Parent Guarantors means the Company, Holdings I, Holdings II, Holdings III, Holdings IV and Holdings V.

  • Original Guarantors shall have the meaning assigned to such term in the Preamble hereof.

  • U.S. Subsidiary Guarantors means (a) each Domestic Subsidiary (other than an Unrestricted Subsidiary) on the Closing Date and (b) each Domestic Subsidiary that becomes a party to the Guarantee after the Closing Date pursuant to Section 9.11.

  • Additional Guarantors shall have the meaning assigned to such term in the Preamble hereof.

  • Parent Guarantor has the meaning specified in the recital of parties to this Agreement.

  • Guarantors means Holdings and the Subsidiary Guarantors.

  • Initial Guarantors shall have the meaning set forth in the preamble.

  • Subsidiary Guarantors means each direct or indirect Domestic Subsidiary that is a Restricted Subsidiary in existence on the Closing Date or that becomes a party to the Subsidiary Guaranty Agreement pursuant to Section 8.11.

  • Parent Guaranty means the guaranty of the Parent pursuant to Section 15.

  • Management Guarantees means guarantees (x) of up to an aggregate principal amount outstanding at any time of $25.0 million of borrowings by Management Investors in connection with their purchase of Management Stock or (y) made on behalf of, or in respect of loans or advances made to, directors, officers, employees or consultants of any Parent, the Company or any Restricted Subsidiary (1) in respect of travel, entertainment and moving-related expenses incurred in the ordinary course of business, or (2) in the ordinary course of business and (in the case of this clause (2)) not exceeding $10.0 million in the aggregate outstanding at any time.

  • ABL Guarantors means the collective reference to (i) Holdings and each wholly owned Material Domestic Subsidiary (as defined in the ABL Credit Agreement) of the Borrower other than any Excluded Subsidiary (as defined in the ABL Credit Agreement), and (ii) any other Person who becomes a guarantor under any ABL Guaranty. The term “ABL Guarantors” shall include all “Guarantors” under and as defined in the ABL Credit Agreement.

  • Payment Guaranty means, if applicable, that certain Guaranty (Payment) of even date herewith executed by Guarantor to and for the benefit of Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

  • Significant Guarantor means any guaranty agency that guarantees trust student loans comprising at least 10% of the Pool Balance of the trust student loans by outstanding principal balance as of the statistical disclosure date.

  • Subsidiary Guaranty Agreement means each unconditional guaranty agreement executed by the Subsidiary Guarantors in favor of the Administrative Agent for the ratable benefit of the Secured Parties, substantially in the form of Exhibit H, as amended, restated, supplemented or otherwise modified from time to time.

  • Parent Guarantee means the guarantee by Parent Guarantor of the obligations of the Issuer under this Indenture and the Securities in accordance with the provisions of this Indenture.

  • Additional Subsidiary Guarantor means each Person that becomes a Subsidiary Guarantor after the Closing Date by execution of an Accession Agreement as provided in Section 6.12.

  • Foreign Guarantors means and includes each Foreign Borrower and each Foreign Subsidiary Guarantor.

  • U.S. Subsidiary Guarantor means each U.S. Subsidiary which has executed and delivered to the U.S. Administrative Agent the U.S. Subsidiary Guaranty (or a supplement thereto).

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

  • Canadian Subsidiary Guarantor each Canadian Subsidiary of any Canadian Borrower which executes and delivers the Canadian Guarantee and Collateral Agreement, in each case, unless and until such time as the respective Canadian Subsidiary Guarantor ceases to constitute a Canadian Subsidiary of the Parent Borrower or is released from all of its obligations under the Canadian Guarantee and Collateral Agreement in accordance with the terms and provisions thereof.

  • Guarantor Subsidiaries has the meaning set forth in the Recitals to this Agreement.

  • Initial Borrower has the meaning specified in the preamble hereto.

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

  • Co-Issuers The Issuer and the Co-Issuer.

  • Co-Issuer means the Person named as the “Co-Issuer” in the first paragraph of this Indenture, until a successor Person shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Co-Issuer” shall mean such successor Person.

  • NIM Issuer The entity established as the issuer of the NIM Securities.