Seller Guaranty definition

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.

Seller Guaranty has the meaning set forth in Section 3.01.

Seller Guaranty shall have the meaning set forth in Section 6.1(a) hereof.

Examples of Seller Guaranty in a sentence

• The Seller hereby waives any and all notice of the creation, renewal, extension, accrual, or increase of any of the Guaranteed Obligations and notice of or proof of reliance by the Administrative Agent or any Purchaser on the Seller Guaranty or acceptance of the Seller Guaranty.

• The Seller Guaranty is a guaranty of payment and not of collection and is a continuing irrevocable guaranty and shall apply to all Guaranteed Obligations whenever arising.

• The Seller further agrees that no Person or Governmental Authority shall have any right to request any return or reimbursement of funds from the Administrative Agent or the Purchasers in connection with monies received under or in respect of the Seller Guaranty.

• The Seller hereby represents and warrants that it is, and immediately after giving effect to the Seller Guaranty and the obligation evidenced hereby, will be, solvent.

• The Purchasers have been induced to make the Investments under this Agreement in part based upon the Seller Guaranty that the Seller desires that the Seller Guaranty be honored and enforced as separate obligations of the Seller, should Administrative Agent and the Purchasers desire to do so.

More Definitions of Seller Guaranty

Seller Guaranty has the meaning set forth in Section 2.08(a).

Seller Guaranty has the meaning set forth in Section 14.01.

Seller Guaranty means a guaranty, the form of which is attached as Appendix F, from a guarantor who is acceptable to PSE and who is Creditworthy, in PSE’s sole judgment, to secure Seller’s obligations under the guaranty, which provides for payment to PSE upon demand.

Seller Guaranty means the guaranty agreement that has been issued by the Seller Guarantor and delivered to Buyer on the Effective Date, a copy of which is attached hereto as Exhibit E-2.

Seller Guaranty has the meaning set forth in Section 1.4.11.

Seller Guaranty means any guaranty, letter of credit, letter of comfort, indemnity or contribution agreement or other similar agreement entered into by any member of Seller Group or its Affiliates (excluding the Alias Companies) in favor of any third party with respect to any actual or potential liability or obligation of any Alias Company or Subsidiary to such third party, in each case as set forth on Schedule 7.08.

Seller Guaranty means any guaranty issued by Seller or any of its Affiliates (other than the Company) on behalf of or in support of the Company or in connection with the Rolling Mill Business, and any keepwell, net worth maintenance agreement, letter of credit, surety bond, customs bond, reimbursement obligation or letter of comfort imposing any obligations on Seller or its Affiliates (other than the Company) in connection with the Rolling Mill Business, including those set forth in Schedule 5.15.