Replacement Guaranty definition

Replacement Guaranty shall have the meaning set forth in Section 5.2.10(f) hereof.
Replacement Guaranty means a Guaranty executed by a Replacement Guarantor in a form acceptable to Funding Lender and in substantially the same form as the Guaranty executed on the same date as this Continuing Covenant Agreement. If the Replacement Guarantor is an entity, the Replacement Guarantor’s Guaranty will be modified to include, at Replacement Guarantor’s option, either Funding Lender’s current form of the Rider to GuarantyMaterial Adverse Change, or Funding Lender’s current form of the Rider to Guaranty – Minimum Net Worth/Liquidity.
Replacement Guaranty. A guaranty made by a Qualified Replacement Guarantor which shall contain provisions, terms and conditions similar in substance to the provisions, terms and conditions set forth in Article 17 of the MLSA and all such other portions of the MLSA that comprise the Lease Guaranty (as such term is defined in the MLSA).

Examples of Replacement Guaranty in a sentence

  • Guarantor shall be released from all liability under this Agreement, the Note, the Security Instruments, the Guaranty, the Environmental Indemnity and the other Loan Documents accruing from and after the date of such Replacement Guaranty (other than liabilities caused by Guarantor and/or its Affiliates) or such assumption by Replacement Guarantor.

  • This Guaranty shall terminate upon the earlier of (a) the occurrence of the Discharge Date in accordance with the Credit Agreement and (b) the execution and delivery to Administrative Agent of an Acceptable Replacement Guaranty.

  • Time shall be of the essence as to Tenant’s obligation to deliver the Replacement Guaranty within ten (10) Business Days after the Effective Date.

  • Notification of any proposed Replacement Guaranty may be revoked by Tenant at any time prior to such Replacement Guaranty having been consummated.

  • Xxxxxxxxx has executed this Replacement Guaranty of Payment and Recourse Obligations as of the date fast above written.


More Definitions of Replacement Guaranty

Replacement Guaranty shall have the meaning set forth in Section 11.19.
Replacement Guaranty. As defined in Section 3.6.
Replacement Guaranty. A guaranty made by a Qualified Replacement Guarantor which shall contain provisions, terms and conditions similar in form and substance to the provisions, terms and conditions of the Guaranty.
Replacement Guaranty is defined in Paragraph 21(k).
Replacement Guaranty shall be added to Section 1.1 of the Loan Agreement, as follows:
Replacement Guaranty is defined in Section 2.12 hereof.
Replacement Guaranty means a Guaranty of Recourse Obligations substantially in the form attached as Exhibit C to the Recognition Agreement.