Term Loan Guarantor definition

Term Loan Guarantor has the meaning assigned to such term in Section 5.12(b).
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Term Loan Guarantor means collectively or individually, as applicable, Xxxxxx X. Xxxxxxx and Xxxx X. Xxxxxxx.
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Term Loan Guarantor means any Subsidiary of the Borrower as may from time to time become a guarantor under the Term Loan Credit Agreement in accordance with the provisions of the Term Loan Credit Agreement.
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Examples of Term Loan Guarantor in a sentence

  • Each Term Loan Guarantor further agrees that the Term Loan Obligations may be extended or renewed, in whole or in part, without notice to or further assent from it, and that it will remain bound upon its guarantee notwithstanding any extension or renewal of any Term Loan Obligation.

  • Upon payment by any Term Loan Guarantor of any sums to the Administrative Agent or any Term Loan Guaranteed Party as provided above, all rights of such Term Loan Guarantor against ROC arising as a result thereof by way of right of subrogation, contribution, reimbursement, indemnity or otherwise shall in all respects be subordinate and junior in right of payment to the prior indefeasible payment in full in cash of all ROC’s Term Loan Obligations.

  • In addition, any indebtedness of ROC now or hereafter held by any Term Loan Guarantor is hereby subordinated in right of payment to the prior payment in full of the Term Loan Obligations during the existence of an Event of Default.

  • The Original Registration Statement became effective on filing with the Commission pursuant to Rule 462(e) under the Securities Act.

  • Pursuant to applicable law, each of the Term Loan Guarantors waives any defense arising out of any such election even though such election operates, pursuant to applicable law, to impair or to extinguish any right of reimbursement or subrogation or other right or remedy of such Term Loan Guarantor against ROC, any other Term Loan Guarantor or guarantor, as the case may be, or any collateral security.

  • Term Loan Guarantor ABL Guarantor Extant $1.85 billion ABL and $2.61 billion Bonds New $1.75 billion Senior Secured Term Loan Guarantees and Stock Pledges for New $1.75 billion Senior Secured Term Loan J.C. Penney Properties, Inc.

  • Xxxxxx, III Title: Executive Vice President and Treasurer EDGEN XXXXXX CANADA INC., as Canadian Revolving Borrower, First Lien Term Loan Guarantor and Revolving Guarantor By: /s/ Xxxxx X.

  • During the Term Loan, Guarantor shall at all times maintain a Debt Service Coverage Ratio of not less than 1.25 to 1.0 on the aggregate of all its debt.

  • As provided in the Term Loan Documents and the Revolving Credit Loan Documents, each Person which now or hereafter becomes a Term Loan Party or a Revolving Credit Loan Party as a Term Loan Guarantor or a Revolving Credit Guarantor shall, by such act, become a party to this Agreement and shall be subject to and bound by all of the provisions hereof.

  • Upon failure by the Borrower to pay punctually any such amount, the Revolving Credit Loan/Tranche A Term Loan Guarantors, in respect of the Revolving Credit Loan/Tranche A Term Loan Obligations, and the Tranche C Term Loan Guarantor, in respect of the Tranche C Term Loan Obligations, shall forthwith on demand pay the amount not so paid at the place and in the manner specified in the Agreement.


More Definitions of Term Loan Guarantor

Term Loan Guarantor means any “Guarantor” as defined in the Term Loan Credit Agreement.
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Term Loan Guarantor has the meaning given to it in paragraph C of the Recitals hereto.
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Term Loan Guarantor means each of them.
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Related to Term Loan Guarantor

  • Loan Guarantor means each Loan Party.

  • Loan Guaranty means Article X of this Agreement.

  • Canadian Guarantor means each Guarantor that is incorporated or otherwise organized under the laws of Canada or any province or territory thereof.

  • Loan guarantee means any State or federal government

  • 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.

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

  • Foreign Guarantor means Parent and each Guarantor that is a Foreign Subsidiary.

  • Designated Borrower has the meaning specified in the introductory paragraph hereto.

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

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

  • Additional Credit Party means each Person that becomes a Guarantor by execution of a Joinder Agreement in accordance with Section 5.10.

  • Canadian Loan Party means any Loan Party organized under the laws of Canada or any province or territory thereof.

  • U.S. Guarantor means a Guarantor whose jurisdiction of organisation is a state of the United States or the District of Columbia.

  • Canadian Guarantors means (i) each Canadian Borrower in its capacity as a guarantor under the Canadian Borrowers/Subsidiaries Guarantee and (ii) each other Canadian Subsidiary of Silgan.

  • Subsidiary Loan Party means each Subsidiary of the Borrower that is a party to the Guarantee Agreement.

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

  • Foreign Borrower means any Borrower that is organized under the laws of a jurisdiction other than the Unites States, a state thereof or the District of Columbia.

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

  • Domestic Loan Party means any Loan Party organized under the laws of any state of the United States of America or the District of Columbia.

  • Foreign Guarantors means and includes each Foreign Borrower and each Foreign Subsidiary Guarantor.

  • Credit Party Obligations means, without duplication, (a) all of the obligations of the Credit Parties to the Lenders (including the Issuing Lender) and the Administrative Agent, whenever arising, under this Credit Agreement, the Notes, or any of the other Credit Documents to which any Credit Party is a party and (b) all liabilities and obligations owing from such Credit Party to any Lender, or any Affiliate of a Lender, arising under Hedging Agreements.

  • Guarantor Subsidiary means each Guarantor other than Holdings.

  • 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.

  • 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.

  • U.S. Loan Party means any Loan Party that is organized under the laws of one of the states of the United States and that is not a CFC.

  • Subsidiary Borrower means, individually and collectively, as the context requires, each Subsidiary that is or becomes a “Borrower” in accordance with Section 2.22; in each case, unless and until it becomes a “Terminated Subsidiary Borrower”.