Substituted Guarantor definition

Substituted Guarantor has the meaning set forth under Section 12.01(1) hereof.
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Substituted Guarantor means any company which is either the ultimate parent company of the relevant Issuer or a company with the same ultimate parent company as the relevant Issuer, save that in the latter case such Substituted Guarantor shall have a credit rating at least equal to that of the relevant Guarantor as at the date of substitution.
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Substituted Guarantor means any company which is a direct or indirect subsidiary of the Guarantor which has a credit rating at least equal to that of the Guarantor (or the previous Substituted Guarantor) as at the date of substitution.
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Examples of Substituted Guarantor in a sentence

  • The Substituted Guarantor shall acknowledge in the Guarantor Substitution Documents the right of every Noteholder to the production of the Guarantor Substitution Documents for the enforcement of any of the Notes or the Guarantor Substitution Documents.

  • The Guarantor Substitution Documents shall be deposited with and held by the Agent for so long as any Note remains outstanding and for so long as any claim made against the Substituted Guarantor by any Noteholder in relation to the Notes or the Guarantor Substitution Documents shall not have been finally adjudicated, settled or discharged.

  • Upon the execution of the Guarantor Substitution Documents as referred to in paragraph (a) above, the Substituted Guarantor shall be deemed to be named in the Notes as the guarantor for such Notes in place of the relevant Guarantor (or of any previous Substituted Guarantor) and the Notes shall thereupon be deemed to be amended to give effect to the substitution.

  • Not later than 15 days after the execution of the Guarantor Substitution Documents, the Substituted Guarantor shall give notice thereof to the Noteholders in accordance with Condition 16.

  • The execution of the Guarantor Substitution Documents shall operate to release the relevant Guarantor as guarantor (or such previous Substituted Guarantor) from all of its obligations as guarantor in respect of the Notes.

  • As of October 31, 2013, the Investment Corporation had total unitholders’ capital of ¥147,154 million with 286,550 investment units outstanding.

  • The Guarantor Substitution Documents shall be deposited with and held by the Principal Agent for so long as any Guaranteed Warrants remain unexercised and for so long as any claim made against the Substituted Guarantor by any Holder in relation to the Guaranteed Warrants or the Guarantor Substitution Documents shall not have been finally adjudicated, settled or discharged.

  • Upon the execution of such documents and compliance with such requirements, the Substituted Guarantor will be deemed to be named in these presents as the guarantor of the obligations aforesaid of the Company (or of any previous substitute under Clause 15.2) in place of the Guarantor (or of any previous substitute under this Clause 15.3) and these presents will be deemed to be modified in such manner as shall be necessary to give effect to the substitution.

  • In the event that more than one person or party shall execute this Substituted Guaranty as the Substituted Guarantor herein, this agreement shall bind all persons and parties jointly and severally.

  • Not later than 14 days after the execution of any such documents and after compliance with such requirements, notice of the substitution will be given by the Substituted Guarantor to the Bondholders in accordance with Condition 14 as soon as practicable.

Related to Substituted Guarantor

  • Successor Guarantor shall have the meaning specified in Section 11.02(a).

  • Transferred Guarantor shall have the meaning assigned to such term in Section 7.09.

  • Limited Guarantor With respect to any Series (or Class within such Series), a Person specified in the related Supplement as providing a guarantee or insurance policy or other credit enhancement supporting the distributions in respect of such Series (or Class within such Series) as and to the extent specified in such Supplement.

  • Specified Guarantor means any Guarantor that is not an “eligible contract participant” under the Commodity Exchange Act (determined prior to giving effect to Section 11.12).

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

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

  • 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.

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

  • 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 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.

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

  • 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.

  • Successor Holdings has the meaning assigned to such term in Section 6.03(a)(v).

  • Original Guarantor means the Persons identified as such in the first paragraph of this Indenture until a successor Person shall have become such pursuant to the applicable provisions of this Indenture, and thereafter each such successor Person shall be an “Original Guarantor”.

  • 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.

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

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

  • Successor Parent with respect to any Person, means any other Person with more than 50% of the total voting power of the Voting Stock which is, at the time the first Person becomes a Subsidiary of such other Person, “beneficially owned” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act) by one or more Persons that “beneficially owned” (as so defined) more than 50% of the total voting power of the Voting Stock of the first Person immediately prior to the first Person becoming a Subsidiary of such other Person.

  • Permitted SBIC Guarantee means a guarantee by the Borrower of Indebtedness of an SBIC Subsidiary on the SBA’s then applicable form, provided that the recourse to the Borrower thereunder is expressly limited only to periods after the occurrence of an event or condition that is an impermissible change in the control of such SBIC Subsidiary (it being understood that, as provided in clause (s) of Article VII, it shall be an Event of Default hereunder if any such event or condition giving rise to such recourse occurs).

  • Additional Guarantor means a company which becomes an Additional Guarantor in accordance with Clause 25 (Changes to the Obligors).

  • Guarantor Subsidiary means each Guarantor other than Holdings.

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

  • 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.

  • Successor Borrower has the meaning assigned to such term in Section 6.07(a).

  • Guaranty Supplement means an instrument substantially in the form of Exhibit I hereto.

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