Third Party Guaranty definition

Third Party Guaranty means, with respect to any Person, any obligation, contingent or otherwise, of such Person guaranteeing or having the economic effect of guaranteeing any Indebtedness of any other Person (the "primary obligor") in any manner, whether directly or indirectly, and including any obligation of such Person, (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness, (ii) to purchase property, securities or services for the purpose of assuring the holder of such Indebtedness of the payment of such Indebtedness of (iii) to maintain working capital, equity capital or the financial condition or liquidity of the primary obligor so as to enable the primary obligor to pay such Indebtedness.
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Third Party Guaranty shall have the meaning assigned to that term in subsection 4.2(i).
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Third Party Guaranty means, as to any Person, all liabilities or obligations of such Person in respect of any Indebtedness or other obligations of others guaranteed, directly or indirectly, in any manner by such Person, or in effect guaranteed, directly or indirectly, by such Person through an agreement, contingent or otherwise, to purchase such Indebtedness or obligation, or to purchase or sell property, or to purchase or sell services, primarily for the purpose of enabling the debtor to make payment of the Indebtedness or obligation or to assure the owner of such Indebtedness or obligation against loss, or to supply funds to or in any manner invest in the debtor, or otherwise.
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Examples of Third Party Guaranty in a sentence

  • LESSEE’S INITIALS LESSOR at its option as described hereinafter requires a binding Third Party Guaranty (referred to as “Guaranty”) which Guaranty constitutes an additional inducement for the granting of this lease.

  • LESSOR at its option as described hereinafter requires a binding Third Party Guaranty (referred to as “Guaranty”) which Guaranty constitutes an additional inducement for the granting of this lease.

  • The Borrower shall not permit any Third Party Guaranty to exist unless the Existing Syndicated Credit Agreement shall have been amended to permit the Subsidiary Guaranties contemplated under Section 5.10.

  • Such Third Party Guaranty shall be evidenced by a guaranty by Matrix Bancorp, Inc.

  • Buyer will use reasonable efforts to replace all Third Party Guaranty Arrangements existing on the Closing Date within 45 days after the Closing Date.

  • On or before the Effective Date, Lessee shall provide a Third Party Guaranty of Lease, signed by Safe Harbor Development, LLC d/b/a Safe Harbor Development FL, LLC, in a form substantially the same as Exhibit D, attached hereto.

  • If Buyer is unable to replace any Third Party Guaranty Arrangement existing on the Closing Date, then Buyer will pay to Comfort Systems a pro rated portion of the premium payable in respect of such Third Party Guaranty Arrangement for each job secured thereby, based on the percentage of such job that remains to be completed after the Closing Date.

  • In each such case, the Credit Facility, the Eligible Collateral or Third Party Guaranty shall be delivered to the Mortgagee.


More Definitions of Third Party Guaranty

Third Party Guaranty has the meaning set forth in subsection 5.1(a).
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Third Party Guaranty means, (i) with respect to the Series 2021 Bonds, that certain Guaranty, dated as of June 30, 2021, by and among NewCold Indianapolis, LLC, NewCold Indianapolis Operations, LLC and NewCold Cooperatief U.A, in favor of the Purchaser, guaranteeing the payment of debt service on the Series 2021 Bonds to the extent the Pledged Tax Increment is insufficient; and (ii) with respect to the Series 2023 Bonds, that certain Guaranty, dated as of March 24, 2023, by and among NewCold Indianapolis, LLC, NewCold Indianapolis Operations, LLC and NewCold Cooperatief U.A, in favor of the Purchaser, guaranteeing the payment of debt service on the Series 2023 Bonds to the extent the Pledged Tax Increment is insufficient.
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Third Party Guaranty means, (i) with respect to the Series 2021 Bonds, that certain Guaranty, dated as of June 30, 2021, by and among NewCold Indianapolis, LLC, NewCold Indianapolis Operations, LLC and NewCold Cooperatief U.A, in favor of the Purchaser, guaranteeing the payment of debt service on the Bonds to the extent the Pledged Tax Increment is insufficient; and (ii) with respect to the Series 2023 Bonds, that certain Guaranty, dated as of March 24, 2023, by and among NewCold Indianapolis, LLC, NewCold Indianapolis Operations, LLC and NewCold Cooperatief U.A, in favor of the Purchaser, guaranteeing the payment of debt service on the Bonds to the extent the Pledged Tax Increment is insufficient.
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