Secondary Guarantor definition

Secondary Guarantor means each of the Guarantors listed in Part 2 of Schedule II.
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Secondary Guarantor means each of Mission Energy New York, Inc., San Xxxx Energy Company and Edison Mission Energy Fuel in its capacity as a guarantor under a Secondary Guarantee.
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Secondary Guarantor shall have the meaning assigned thereto in Section 3.09(i).
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Examples of Secondary Guarantor in a sentence

  • The Lender's security interest in the Collateral is and shall remain a second priority security interest, subject only to (i) the first priority security interest of Cornell Capital Partners, LP in accordance with the terms and conditions of the Intercreditor Agreement and (ii) any security interests granted pursuant to Secondary Guarantor Indebtedness in accordance with the terms and conditions of the Credit Agreement.

  • To the best of the Directors’ knowledge, information and belief having made all reasonable enquiries, the Primary Guarantor and Secondary Guarantor are independent third parties, and there are no prior transactions entered into between the Group and either the Primary Guarantor or Secondary Guarantor.

  • Prior to any claim or enforcement of guarantee against the Secondary Guarantor, Million Link is required to have taken any and all proceedings against Pilot Time and the Primary Guarantor and any and all actions are required to have been taken by Million Link to realize or enforce any other security, guarantee, indemnity, right or remedy against Pilot Time and the Primary Guarantor.

  • The termination or attempted termination of any guaranty by any Guarantor or Secondary Guarantor.

  • Primary Guarantor , an Individual Name Printed Date Secondary Guarantor , an Individual Name Printed Date This Merchant Services Application and Agreement (“MSAA”), along with the Terms and Conditions attached hereto, serves as the Merchant Agreement by and between Forte Payment Systems (“Forte”) and the Merchant named above (“Merchant” “you”).

  • The Secondary Guarantor has agreed to guarantee the obligation of the Primary Guarantor.

  • In the event that any Secondary Guarantor incurs Secondary Guarantor Indebtedness at any time between the Closing Date and February 1, 2007, and additional installment of outstanding principal shall be due and payable on (i) January 1, 2007 or (ii) within five (5) days of such financing , if such financing closes and funds between January 2, 2007 and January 31, 2007.


More Definitions of Secondary Guarantor

Secondary Guarantor. Global Orient Finance Ltd., a company incorporated under the “Shareholder(s)” the shareholder(s) of the Company
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Related to Secondary 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).

  • Subsidiary Guarantor means each Subsidiary that has executed and delivered a Subsidiary Guaranty.

  • 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.

  • Guarantor means: .............................................................................................................................................

  • 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.

  • 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.

  • 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.

  • 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.

  • Guarantors means Holdings and the Subsidiary Guarantors.

  • Subsidiary Guarantee means any guarantee of the obligations of the Issuers under this Indenture and the Notes by any Subsidiary Guarantor in accordance with the provisions of this Indenture.

  • Subsidiary Guaranties means the Domestic Subsidiary Guaranty and each Foreign Subsidiary Guaranty.

  • 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.

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

  • Wholly Owned Subsidiary Guarantor any Subsidiary Guarantor that is a Wholly Owned Subsidiary of the Borrower.

  • Initial Guarantor has the meaning set forth in the preamble hereto.

  • Subsidiary Guarantees means the guarantees of each Subsidiary Guarantor as provided in Article Thirteen.

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

  • Call Off Guarantor means the person acceptable to a Contracting Body to give a Call Off Guarantee;

  • New Guarantor means each Person who becomes a Guarantor in relation to the Securities by executing a New Guarantor Supplemental Indenture, in each case unless and until such Guarantor has been released from its Guarantee pursuant to Section 1302.

  • U.S. Guarantor means a Guarantor whose jurisdiction of organisation is a state of the United States or the District of Columbia.

  • Subordinated Creditor means any creditor of Tenant which is a party to a Subordination Agreement in favor of Landlord.

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

  • Seller Guarantor has the meaning set forth in the Preamble.

  • 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.

  • Guarantor Senior Debt of a Subsidiary Guarantor means all Obligations with respect to any Indebtedness of such Subsidiary Guarantor, whether outstanding on the Issue Date or thereafter created, incurred or assumed, unless, in the case of any particular Indebtedness, the instrument creating or evidencing the same or pursuant to which the same is outstanding expressly provides that such Indebtedness shall be on a parity with or subordinated in right of payment to such Subsidiary Guarantor's Guarantee. Without limiting the generality of the foregoing, (x) "Guarantor Senior Debt" shall include the principal of, premium, if any, and interest on all Obligations of every nature of such Subsidiary Guarantor from time to time owed to the lenders under the Partnership Credit Facility, including, without limitation, principal of and interest on, and all fees, indemnities and expenses payable by such Subsidiary Guarantor under, the Partnership Credit Facility, and (y) in the case of amounts owing by such Subsidiary Guarantor under the Partnership Credit Facility and guarantees of Designated Senior Indebtedness, "Guarantor Senior Debt" shall include interest accruing thereon subsequent to the occurrence of any Event of Default specified in clause (h) or (i) of Section 6.01 relating to such Subsidiary Guarantor, whether or not the claim for such interest is allowed under any applicable Bankruptcy Law. Notwithstanding the foregoing, "Guarantor Senior Indebtedness" shall not include (i) Indebtedness evidenced by the Notes or the Guarantees, (ii) Indebtedness that is expressly subordinate or junior in right of payment to any other Indebtedness of such Subsidiary Guarantor, (iii) any liability for federal, state, local or other taxes owed or owing by such Subsidiary Guarantor, (iv) Indebtedness of such Subsidiary Guarantor to the Partnership or a Subsidiary of the Partnership or any other Affiliate of the Partnership, (v) any trade payables of such Subsidiary Guarantor, and (vi) any Indebtedness which is incurred by such Subsidiary Guarantor in violation of this Indenture.

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