Springing Guarantee definition

Springing Guarantee means a guarantee by a Person which by its express terms does not become effective until the occurrence of a Bankruptcy Event.
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Springing Guarantee has the meaning assigned to such term in Section 7.3(g).
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Springing Guarantee means a guarantee by a Person which by its express terms does not become effective until the occurrence of a Bankruptcy Event. "Subsidiary" means, with respect to any Person, any corporation, limited liability company, association or other business entity of which more than 50% of
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Examples of Springing Guarantee in a sentence

  • The delivery of any Note by the Trustee, after the authentication thereof hereunder, shall constitute due delivery of any Springing Guarantee set forth in this Indenture or any Supplemental Indenture which has been effected pursuant to Section 11.03 with respect to such Note on behalf of the Springing Guarantors.

  • If an officer or Officer whose signature is on this Indenture, any Supplemental Indenture or on the Springing Guarantee no longer holds that office at the time the Trustee authenticates the Note on which a Springing Guarantee is endorsed, the Springing Guarantee shall be valid nevertheless.

  • Notwithstanding the foregoing, in the event that any Springing Guarantee hereunder would constitute or result in a violation of any applicable fraudulent conveyance or similar law of any relevant jurisdiction, the liability of a Springing Guarantor under such Springing Guarantee shall be reduced to the maximum amount permissible under such fraudulent conveyance or similar law.

  • Each Springing Guarantor hereby agrees that any Springing Guarantee effected pursuant to Section 11.03 shall remain in full force and effect notwithstanding any failure to endorse on each Note to which it applies a notation of such Springing Guarantee.

  • Neither the Company nor any Guarantor shall be required to make a notation on the Transferred Notes to reflect the Parent Guarantee or any Springing Guarantee or any such release, termination or discharge thereof.

  • Any term or provision of the Agreement notwithstanding, each Springing Guarantee shall not exceed the maximum amount that can be guaranteed by the applicable Significant Subsidiary Guarantor without rendering the Springing Guarantee, as it relates to such Significant Subsidiary Guarantor, voidable under applicable law relating to fraudulent conveyance or fraudulent transfer or similar laws affecting the rights of creditors generally.

  • Neither the Company nor any Guarantor shall be --------------------- required to make a notation on the Transferred Notes to reflect the Parent Guarantee or any Springing Guarantee or any such release, termination or discharge thereof.


More Definitions of Springing Guarantee

Springing Guarantee means a guarantee by a Person which by its express terms does not become effective until the occurrence of a Bankruptcy Event. “Subsidiary” means, with respect to any Person:
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Springing Guarantee has the meaning given to it in Section 7.11. -------------------
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Springing Guarantee means a guarantee by a Person which by its express terms does not become effective until the occurrence of a Bankruptcy
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Related to Springing Guarantee

  • Qualifying Guarantee means an arrangement evidenced by a written instrument pursuant to which a Reference Entity irrevocably agrees (by guarantee of payment or equivalent legal arrangement) to pay all amounts due under an obligation (the “Underlying Obligation”) for which another party is the obligor (the “Underlying Obligor”). Qualifying Guarantees shall exclude any arrangement (i) structured as a surety bond, financial guarantee insurance policy, letter of credit or equivalent legal arrangement or (ii) pursuant to the terms of which the payment obligations of the Reference Entity can be discharged, reduced or otherwise altered or assigned (other than by operation of law) as a result of the occurrence or non-occurrence of an event or circumstance (other than payment). The benefit of a Qualifying Guarantee must be capable of being delivered together with the delivery of the Underlying Obligation.

  • Non-Paying Guarantor has the meaning assigned to such term in Section 10.11.

  • Funding Guarantor as defined in Section 7.2.

  • Funding Guarantors as defined in Section 7.2.

  • Paying Guarantor has the meaning assigned to such term in Section 10.11.