Transaction Guarantee definition
Examples of Transaction Guarantee in a sentence
Each Transaction Guarantee is a continuing guarantee, shall be binding on the relevant Guarantor and its successors and assigns, and shall be enforceable by the Collateral Agent on behalf of the Guaranteed Parties or the Guaranteed Parties.
The Agent agrees to make a Past Due Demand hereunder and a Transaction Guarantee Demand under a Transaction Guarantee if it is directed to do so by the requisite Lenders and is entitled to do so hereunder and under such Transaction Guarantee, as the case may be.
Each of this Agreement and the Amended Transaction Guarantee is a Transaction Document, and the Amended Purchase Agreement and the Amended Transaction Guarantee are each confirmed as being in full force and effect.
The Chargor, as beneficial owner and as continuing security for its Transaction Guarantee and for the due and punctual payment and discharge of all the Secured Obligations guaranteed by the Chargor under its Transaction Guarantee, charges in favour of the Administrative Agent (as trustee for the benefit of the Secured Parties) by way of first fixed charge all of the Chargor’s present and future Shares and Dividends.
The “Amended Transaction Guarantee” means the Transaction Guarantee, as amended by this Agreement.
This Agreement, the Amended Purchase Agreement, the Amended Transaction Guarantee and the other Transaction Documents, other documents, instruments and certificates referred to herein or therein constitute the entire understanding of the parties with respect to the subject matter hereof and thereof (other than relating to the Aircraft Leases) and supersede all prior and current understandings and agreements, whether written or oral, with respect to such subject matter.
If all or part of any Guaranteed Party’s interest in any Guaranteed Obligation is assigned or otherwise transferred, the transferor’s rights under each Transaction Guarantee, to the extent applicable to the obligation so transferred, shall automatically be transferred with such obligation.
If the Administrative Agent considers that any amount paid or credited to any Secured Party under any Loan Document is capable of being avoided or otherwise set aside on the Winding-up of the Chargor or any other person or otherwise so that the Transaction Guarantee of the Chargor may be reinstated pursuant to Section 2(c)(i) of the Guarantee Agreement, the event described in Clause 14.1.1(i) above shall not be considered to have occurred.