Residual Guaranty definition

Residual Guaranty has the meaning set forth in Section 7.05(a) of the Participation Agreement.
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Residual Guaranty means the "Residual Guaranty" as defined in the Credit Agreement.
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Residual Guaranty as defined in the Credit Agreement.
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Examples of Residual Guaranty in a sentence

  • Whenever ITEC shall offer a residual guaranty to an NFC leasing customer in order to fix the value of Equipment at the end of a lease term (an “ITEC Residual Guaranty”) NFC shall document such Residual Guaranty in writing to ITEC and ITEC shall pay such Residual Guaranty to NFC or affiliate at the end of the lease term on the next Business Day following the delivery of the related Equipment (with properly assigned title) to ITEC.

  • Receipt by the Lessor (or by the Agent on behalf of the Lessor) of any Fixed Rent, Additional Rent, Residual Guaranty, Termination Value or other sum payable hereunder or under any other Operative Document with knowledge of the breach by the Lessee of any provision hereof shall not constitute a waiver of such breach, and no waiver by the Lessor of any provision hereof shall be deemed to have been made unless made in writing.

  • Any representation or warranty made by Guarantor in the Guaranty, Residual Guaranty Payment Support, any Consent or any document contemplated hereby or thereby proves to be false or inaccurate in any material respect when made or deemed made, or Guarantor defaults in the performance of any term, covenant, condition or obligation contained in the Guaranty, Residual Guaranty Payment Support, or any Consent, and such default shall not have been cured within any applicable grace or cure period.

  • Since the date of the most recent Annual Report on Form 10-K delivered pursuant to Section 2.05, there has been no adverse change in the financial condition or business of Diamond Shamrock R & M or the Guarantor which would materially impair the ability of Diamond Shamrock R & M to perform its obligations under this Ground Lease or which would materially impair the ability of the Guarantor to perform its obligations under the Guaranty or the Residual Guaranty Payment Support.

  • The representations and warranties contained in ARTICLE 4 of this Agreement, Article II of the Facilities Lease, Article II of the Ground Lease, Section 6 of the Guaranty, Section 6 of the Residual Guaranty and in each other Credit Document shall be correct in all material respects on and as of the Effective Date before and after giving effect to the initial Borrowing and to the application of the proceeds from such Borrowing, as though made on and as of such date.

  • Residual Guaranty and Return Conditions............................................

  • Capital One contends that it is entitled to judgment as a matter of law on this issue because the Amendment clearly and unambiguously sets forth the Residual Guaranty Clause, and because it was clear under the Amendment that the Original Purchase Price changed from $1,290,000 to $1,700,000, which would affect the calculations made under the Residual Guaranty.

  • Any representation or warranty made by Guarantor in the Guaranty, Residual Guaranty Payment Support any Consent or any document contemplated hereby or thereby proves to be false or inaccurate in any material respect when made or deemed made, or Guarantor defaults in the performance of any term, condition, covenant or obligation contained in the Guaranty, Residual Guaranty Payment Support or any Consent, and such default shall not have been cured within any applicable grace or cure period.

  • If the Properties are retained by the Lessor pursuant to an affirmative election made by the Lessor pursuant to the third sentence of Section 22.1(a), then the Lessee hereby unconditionally promises to pay to the Lessor 30 on the Expiration Date an amount equal to the aggregate Maximum Residual Guaranty Amounts for all of the Properties.

  • The Lessor shall have no obligation to make any payment required of it under this paragraph (b) above until the Lessor shall have received the sale proceeds, Residual Guaranty Payment, Basic Rent, any Supplemental Rent and all other amounts then due and owing hereunder.


More Definitions of Residual Guaranty

Residual Guaranty means the Residual Guaranty dated as of even date herewith in the form of the attached EXHIBIT "D-2" executed by Guarantor, as it may be amended, amended and restated, modified or supplemented from time to time in accordance with its terms and this Agreement.
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Related to Residual Guaranty

  • 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.

  • 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.

  • Guaranty Agreements means and includes the Guarantee of the Loan Parties provided for in Section 11, and any other guaranty agreement executed and delivered in order to guarantee the Obligations or any part thereof in form and substance reasonably acceptable to the Administrative Agent.

  • 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:

  • Guaranty and Collateral Agreement means the Guaranty and Collateral Agreement dated as of the date hereof executed and delivered by the Loan Parties, together with any joinders thereto and any other guaranty and collateral agreement executed by a Loan Party, in each case in form and substance satisfactory to the Administrative Agent.

  • Seller Guaranty means a guaranty of payment and performance issued by a Seller Guarantor in the form attached to this Agreement as Exhibit V or in such other form as may be acceptable to Purchaser acting reasonably.

  • VA Loan Guaranty Agreement means the obligation of the United States to pay a specific percentage of a Mortgage Loan (subject to a maximum amount) upon default of the Mortgagor pursuant to the Servicemen’s Readjustment Act, as amended.

  • Limited Guaranty With respect to any Series (or Class within such Series), any guarantee of, or insurance policy or other comparable form of credit enhancement with respect to, amounts required to be distributed in respect of such Series (or Class) or payments under all or certain of the Underlying Securities relating to such Series or Class, executed and delivered by a Limited Guarantor in favor of the Trustee, for the benefit of the Certificateholders, as specified in the related Supplement.

  • Guaranty Joinder Agreement means each Guaranty Joinder Agreement, substantially in the form thereof attached to the Guaranty, executed and delivered by a Guarantor or any other Person to the Administrative Agent pursuant to Section 6.12 or otherwise.

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

  • Guaranty and Security Agreement means a guaranty and security agreement, dated as of even date with this Agreement, in form and substance reasonably satisfactory to Agent, executed and delivered by each of the Loan Parties to Agent.

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

  • 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.

  • U.S. Guaranty means the guarantee of the Obligations of each Loan Party hereunder by the U.S. Loan Parties in Article III hereunder or in a supplemental guarantee in accordance with Section 7.01(n) of this Agreement.

  • Completion Guaranty means the Guaranty of Completion and Payment of even date herewith from Indemnitor for the benefit of Lender, as amended from time to time.

  • 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” shall have the same meaning provided in the Operating Agreement.

  • Holdings Guaranty means the Holdings Guaranty made by Holdings in favor of the Administrative Agent on behalf of the Secured Parties, substantially in the form of Exhibit F.

  • Reaffirmation Agreement means the Reaffirmation Agreement dated as of the Closing Date by the Borrower and the Guarantors to the Administrative Agent for the benefit of the Secured Parties.

  • Collateral Assignment Agreement has the meaning set forth in Section 10.05.

  • Subsidiary Guarantee Agreement means the Subsidiary Guarantee Agreement, substantially in the form of Exhibit D, made by the Subsidiary Loan Parties in favor of the Administrative Agent for the benefit of the Lenders.

  • 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).

  • Obligation Guaranty means any Guarantee of all or any portion of the Secured Obligations executed and delivered to the Administrative Agent for the benefit of the Secured Parties by a guarantor who is not a Loan Party.

  • Lease Guaranty A guaranty of certain obligations of Tenant under this Lease executed and delivered by each Guarantor substantially in the form of Exhibit G annexed hereto.

  • Assignment and Conveyance Agreement As defined in Subsection 6.01.

  • Accession Agreement means an Accession Agreement substantially in the form of Annex I to the Guaranty.

  • Rental agreement or "lease agreement" means all agreements, written or oral, and valid rules and