Shared Assurance definition

Shared Assurance means any guarantee, indemnity or other assurance against loss in respect of any of the Liabilities, the benefit of which (however conferred) is, to the extent legally possible, given to all the Secured Parties in respect of their Secured Liabilities.
Sample 1Sample 2
Shared Assurance means any guarantee, indemnity or other assurance against loss in respect of any of the Liabilities granted by the Debtors from time to time, the benefit of which (however conferred) is, to the extent legally possible and subject to the Guarantee Limitations, given to all the Primary Creditors in respect of their Liabilities under the relevant Debt Documents (including where the Primary Creditors have, to the extent legally possible and subject to the Guarantee Limitations, separate but equivalent guarantees, indemnities or assurances against loss in respect of their relevant Liabilities).
Sample 1

Examples of Shared Assurance in a sentence

  • If any Primary Creditor exercises any right it may have to enforce, or to take formal steps to enforce, any Shared Assurance it shall notify the Shared Security Agent and the Shared Security Agent shall, upon receiving that notification, notify each Party of that action.

Related to Shared Assurance

  • PJM Reliability Assurance Agreement means that certain Reliability Assurance Agreement Among Load Serving Entities in the PJM Region, on file with FERC as PJM Interconnection L.L.C. Rate Schedule FERC No. 44, and as amended from time to time thereafter. Schedule of Work:

  • Reasonable assurance means a high degree of confidence that submitted data and statements are valid.

  • Telecommunications company means a person engaged in the furnishing of telecommunications service within this state.

  • Telecommunications Carrier is As Defined in the Act.

  • Telecommunication Services means the offering of Telecommunications for a fee directly to the public, or to such classes of users as to be effectively available directly to the public, regardless of the facilities used.

  • Mental health services provider means an individual, licensed or unlicensed, who performs or purports to perform mental health services, including a:

  • Communication Services means aeronautical fixed and mobile services to enable ground-to-ground, air-to-ground and air-to-air communications for ATC purposes;

  • Regulatory Services Provider means the organization which provides regulatory services to BSEF pursuant to a Regulatory Services Agreement.

  • Quality Assurance Plan or “QAP” shall have the meaning set forth in Clause 11.2;

  • Regulatory Services Agreement means the agreement between BSEF and the Regulatory Services Provider whereby the Regulatory Services Provider provides market surveillance and trade practice surveillance functions as well as other compliance related services to the SEF operated by BSEF.

  • Telecommunications Services means the offering of Telecommunications for a fee directly to the public, or to such classes of users as to be effectively available directly to the public, regardless of the facilities used.

  • Telecommunications System means a system for conveying visual images, sounds or other information by electronic means;

  • Corporate Services Provider means Computershare Trust Company of Canada, a trust company formed under the laws of Canada, as corporate services provider to the Liquidation GP under the Corporate Services Agreement, together with any successor corporate services provider appointed from time to time;

  • Project Management Agreement means the agreement dated the 20th February 1985 made between the Trustee and the Manager providing for the Manager to manage and co‑ordinate the development and construction of the Resort and includes, if that agreement is terminated, any other agreement in like and similar terms made with the prior consent of the Minister;

  • Performance Assurance means collateral in the form of cash, letters of credit, or other security acceptable to the requesting Party.

  • Corporate Services Agreement means the Corporate Services Agreement dated as of the date hereof between the Borrower and the Services Provider, as amended from time to time in accordance with the terms hereof and thereof.

  • Services Provider means Owl Rock Capital Corporation, or any successor in such capacity in accordance with the Corporate Services Agreement.

  • Central Office Switch (CO means the switching entity within the public switched Telecommunications network, including but not limited to: