Retiring Guarantor definition
Examples of Retiring Guarantor in a sentence
Furthermore, on the Effective Time, the Retiring Guarantor be released from all its obligations under the Finance Documents.
With effect on and from the Effective Date, the Lender releases each Retiring Guarantor from all their respective obligations under the Facility Agreement and all actions, claims or proceedings that it may have against each Retiring Guarantor under or in respect of the Facility Agreement relating to any act or omission of a Retiring Guarantor on or after the Effective Date.
With effect from the Effective Date, the Substitute Guarantor shall be substituted for each Retiring Guarantor as a Guarantor under the Facility Agreement as if it had originally been a party to the Facility Agreement in that capacity and all references in the Facility Agreement to a Retiring Guarantor in its capacity as guarantor or to a Guarantor shall be references to the Substitute Guarantor.
With effect on and from the Effective Date, the Substitute Guarantor shall be bound by and comply with the provisions of the Facility Agreement binding on each Retiring Guarantor as Guarantor and shall enjoy all the rights and benefits of each Retiring Guarantor as Guarantor under the Facility Agreement.
If any Guarantor (a “Retiring Guarantor”) ceases to be a Guarantor in accordance with the terms of the Finance Documents for the purpose of any sale or other disposal of that Retiring Guarantor then on the date such Retiring Guarantor ceases to be a Guarantor.
If any Guarantor (a "Retiring Guarantor") ceases to be a Guarantor in accordance with Clause 24.5 (Resignation of a Guarantor) or Clause 24.6 (Release of a Guarantor) or otherwise in accordance with the terms of the Finance Documents for the purpose of any sale |EU-DOCS\29723125.9|| or other disposal of that Retiring Guarantor then on the date such Retiring Guarantor ceases to be a Guarantor: 139.
With effect from the Effective Date, each Retiring Guarantor shall be deemed to have resigned and shall no longer be bound by the terms of the Amended Agreement or the Original Facility Agreement as a Guarantor pursuant to Clause 25.6 (Resignation of a Guarantor) of the Original Facility Agreement.
The Company confirms that no Default is continuing or would result from the resignation of each Retiring Guarantor pursuant to Clause 7.2 above.
If any Guarantor (a Retiring Guarantor) ceases to be a Guarantor in accordance with the terms of the Finance Documents for the purpose of any sale or other disposal of that Retiring Guarantor then on the date such Retiring Guarantor ceases to be a Guarantor: 17.