Term Loan Guarantees definition

Term Loan Guarantees means that certain guarantee agreement dated as of the date hereof by the Term Loan Guarantors in favor of the Term Loan Agent, and all other guarantees of any Term Loan Obligations of any Term Loan Credit Party by any other Term Loan Credit Party in favor of any Term Loan Secured Party, in each case as amended, restated, supplemented, waived or otherwise modified from time to time.
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Term Loan Guarantees has the meaning assigned to such term in the Recitals to this Agreement.
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Examples of Term Loan Guarantees in a sentence

  • Each Guarantor agrees that the Second Priority Term Loan Obligations, and any of them, shall conclusively be deemed to have been created, contracted or incurred, or renewed, extended, amended or waived, in reliance upon the Second Priority Term Loan Guarantees.

  • This Article IIA defines the relative rights of holders of the Term Loan Guarantees and holders of Revolving Obligations.

  • Notwithstanding the provisions described in the immediately preceding sentence [[NYCORP:2304021v10:4272D:09/26/03--03:05 p]] (but subject to the provisions contained in the first sentence of this Section), unless the holders of the Revolving Obligations shall have accelerated the maturity of such Revolving Obligations, the Guarantors may resume payment of the Term Loan Guarantees after such Payment Blockage Period.

  • If a distribution is made to holders of the Term Loan Guarantees that because of this Article IIA should not have been made to them, the holders of the Term Loan Guarantees who receive the distribution shall hold it in trust for holders of the Revolving Obligations and pay it over to them as their interests may appear.

  • Each Guarantor agrees that the First Priority Term Loan Obligations, and any of them, shall conclusively be deemed to have been create, contracted or incurred, or renewed, extended, amended or waived, in reliance upon the First Priority Term Loan Guarantees.

  • A distribution made under this Article IIA to holders of Revolving Obligations that otherwise would have been made to holders of the Term Loan Guarantees is not, as between any Guarantor and holders of the Term Loan Guarantees, a payment by such Guarantor on Revolving Obligations.

  • The Guarantors agree, and the Term Lenders agree, that the Guarantees of the Term Loan Obligations (the "Term Loan Guarantees") are subordinated in right of payment, to the extent and in the manner provided in this Article IIA, to the prior payment in full in cash of the Revolving Obligations and that the subordination is for the benefit of and enforceable by the holders of the Revolving Obligations.

  • After all Revolving Obligations are paid in full and until the Term Loan Guarantees are repaid in full, the Term Lenders shall be subrogated to the rights of holders of the Revolving Obligations to receive distributions applicable to Revolving Obligations.

  • No right of any holder of Revolving Obligations to enforce the subordination of the Term Loan Guarantees shall be impaired by any act or failure to act by any Guarantor or by its failure to comply with this Agreement.

  • Each Guarantor, and by its making of a Second Priority Term Loan on the Closing Date, each Lender, hereby confirms that it is the intention of all such parties that the Second Priority Term Loan Guarantee(s) of such Guarantor not constitute a fraudulent transfer or conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal or state law to the extent applicable to any Second Priority Term Loan Guarantee.

Related to Term Loan Guarantees

  • Loan guarantee means the Guarantee by each Guarantor of the Obligations (other than any Obligations with respect to Swap Contracts of Treasury Services Agreements), executed pursuant to the provisions of the Facility Guaranty.

  • VA Loan Guaranty Agreement means the obligation of the United States to pay a specific percentage of a Mortgage Loan (subject to a maximum amount) upon default of the Mortgagor pursuant to the Servicemen’s Readjustment Act, as amended.

  • Other Guarantees means all guarantees, other than this Preferred Securities Guarantee, to be issued by the Guarantor with respect to preferred securities (if any) similar to the Preferred Securities, issued by trusts other than the Issuer to be established by the Guarantor (if any), in each case similar to the Issuer.

  • Loan Guaranty means Article X of this Agreement.

  • Canadian Guarantee means the Canadian Guarantee Agreement, made by each of the Canadian Guarantors in favor of the Canadian Administrative Agent for the benefit of the Lenders to the Canadian Borrower, substantially in the form of Exhibit A-1, as the same may be amended, supplemented or otherwise modified from time to time.

  • Subsidiary Guarantees means the guarantees of each Subsidiary Guarantor as provided in Article Thirteen.

  • Term Loan Obligations means any Obligations with respect to the Term Loan (including, without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • Note Guarantees means the Guarantees of the Initial Notes and any Additional Notes.

  • Term Loan Credit Agreement shall have the meaning set forth in the recitals hereto.

  • Existing Revolving Credit Agreement means that certain Revolving Credit Agreement, dated as of August 29, 2018, among the Borrower, the other borrowers party thereto, the lenders and letter of credit issuers from time to time party thereto and Xxxxx Fargo Bank, National Association, as administrative agent (as amended, restated, supplemented or otherwise modified from time to time).

  • Existing Revolving Credit Facility means the $600,000,000 (subject to increase in accordance with its terms) revolving credit facility evidenced by that certain Amended and Restated Revolving Credit Agreement dated as of June 14, 2022 by and among the Borrower, the Parent, the lenders from time to time party thereto as “Lenders”, and JPMorgan Chase Bank, N.A., as Agent.

  • Term Loan Documents means the “Loan Documents” as defined in the Term Loan Credit Agreement.

  • Term Loan Security Documents means the “Security Documents” as defined in the Term Loan Credit Agreement.

  • Junior Priority Obligations means the Initial Junior Priority Obligations and any Additional Obligations constituting Junior Priority Debt.

  • Senior Priority Obligations as defined in the Base Intercreditor Agreement.

  • Revolving Credit Agreement means that certain Revolving Credit Agreement dated as of August 30, 2004 between the Company, certain of its Subsidiaries and the banks and financial institutions listed therein, as such agreement may be replaced, amended, supplemented or otherwise modified from time to time.

  • Loan Guarantor means each Loan Party.

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • ABL Security Documents means any agreement, document or instrument pursuant to which a Lien is granted securing any ABL Obligations or under which rights or remedies with respect to such Liens are governed.

  • Senior Secured Credit Facility means the Loan and Security Agreement, dated as of May 31, 2017 by and among the Company and Western Alliance Bank (as amended, amended and restated, supplemented or otherwise modified from time to time, subject to the limitations herein).

  • Canadian Guaranty means a Corporate Guaranty provided by an Affiliate of a Participant that is domiciled in Canada, and meets all of the provisions of Tariff, Attachment Q.

  • Revolving Credit Facility means, at any time, the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments at such time.

  • Revolving Credit Facilities means the collective reference to the Dollar Revolving Credit Facility and the Alternative Currency Revolving Credit Facility.

  • Senior Secured Credit Facilities means the revolving credit facility and other credit facilities under the Credit Agreement, including any guarantees, collateral documents, instruments and agreements executed in connection therewith, and any amendments, supplements, modifications, extensions, renewals, restatements, refundings, refinancings or replacements thereof and any one or more indentures or credit facilities or commercial paper facilities with banks or other institutional lenders or investors that replace, refund, supplement or refinance any part of the loans, notes, other credit facilities or commitments thereunder, including any such replacement, refunding or refinancing facility or indenture that increases the amount borrowable thereunder or alters the maturity thereof (provided that such increase in borrowings is permitted under Section 4.09 hereof) or adds Restricted Subsidiaries as additional borrowers or guarantors thereunder and whether by the same or any other agent, trustee, lender or group of lenders or holders.

  • ABL Credit Agreement as defined in the recitals hereto.

  • ABL Credit Facility means the agreement, dated as of March 30, 2015, among the Company, the Subsidiaries of the Company that borrow or guarantee obligations under such agreement from time to time, as “Credit Parties,” the lenders parties thereto from time to time and Bank of America, N.A., as agent (or its successor in such capacity), together with the related notes, letters of credit, guarantees and security documents, and as the same may be amended, restated, amended and restated, supplemented or modified from time to time and any renewal, increase, extension, refunding, restructuring, replacement or refinancing thereof (whether with the original administrative agent and lenders or another administrative agent, collateral agent or agents or one or more other lenders or additional borrowers or guarantors and whether provided under the original ABL Credit Facility or one or more other credit or other agreements or indentures).