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.

Springing Guarantee has the meaning assigned to such term in Section 7.3(g).

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

Examples of Springing Guarantee in a sentence

• 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.

• 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.

• 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.

• 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.

• 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.

• Initially, the conversations departed from how they believed the cam- paigns would be emotionally received from others and not in terms of themselves.

• 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:

Springing Guarantee has the meaning given to it in Section 7.11. -------------------

Springing Guarantee means a guarantee by a Person which by its express terms does not become effective until the occurrence of a BankruptcyEvent.