UK Guarantee definition
UK Guarantee means the UK Guarantee Agreement, made by the US Borrower and each of the UK Guarantors in favor of the Administrative Agent for the benefit of the Lenders to the UK Borrower and the other Secured Parties named therein, substantially in the form of Exhibit L-2, as the same may be amended, supplemented or otherwise modified from time to time.
UK Guarantee is defined in Recital C.
UK Guarantee means Article XVI of this Agreement.
Examples of UK Guarantee in a sentence
All terms of this UK Guarantee apply to and may be enforced by or on behalf of any domestic or foreign branch or Affiliate of any Lender or Issuing Bank that extended any portion of the UK Guaranteed Obligations.
This UK Guarantee is a guaranty of payment and not of collection.
Each UK Loan Party agrees that, to the fullest extent permitted by applicable law, the UK Guaranteed Obligations may at any time and from time to time exceed the Maximum UK Liability of each UK Loan Party without impairing this UK Guarantee or affecting the rights and remedies of the Administrative Agent, the Issuing Banks or the Lenders hereunder, provided that, nothing in this sentence shall be construed to increase any UK Loan Party’s obligations hereunder beyond its Maximum UK Liability.
Each of the UK Loan Parties covenants and agrees that its right to receive any contribution under this UK Guarantee from a Non-Paying UK Loan Party shall be subordinate and junior in right of payment to the payment in full in cash of the UK Guaranteed Obligations.
More Definitions of UK Guarantee
UK Guarantee means the UK Guarantee, made by Bonlea Limited, Premdor ▇▇▇▇▇▇ Limited, Premdor U.K. Holdings Limited and Masonite Europe Limited in favor of the Administrative Agent for the benefit of the Lenders and the other secured parties named therein, substantially in the form of Exhibit B-6, and any guarantee governed by the laws of England and Wales entered into by a Subsidiary pursuant to Section 9.11, in each case, as the same may be amended, supplemented or otherwise modified from time to time.
UK Guarantee the UK Guarantee entered into by the UK Guarantors and the UK Security Agent for the benefit of the UK Term Loan Lenders and the other UK Secured Parties named therein, substantially in the form of Exhibit R-3, as the same may be amended, supplemented or otherwise modified from time to time.
UK Guarantee means a guarantee extended by the UK Guarantor under the UK Guarantee Agreement for a principal amount of US$ 1,000,000,000 together with interest payable in respect of such amount under the Loan.
UK Guarantee has the meaning specified in the definition of U.K. -------------- Security Documents.
UK Guarantee the guarantee and indemnity contained in the Guarantee and Collateral Agreement governed by English law, dated on or about the date hereof, in favour of the Administrative Agent, to be executed and delivered by Parent, as amended, restated, supplemented or otherwise modified from time to time.
UK Guarantee means the Guarantee Agreement, dated as of the First Amendment Effective Date, by U.S. Borrower, the Subsidiary Guarantors from time to time party thereto and U.K. Subsidiary Guarantors from time to time party thereto in favor of U.S. Agent and U.S. Revolving B Credit Lenders, as amended, restated, supplemented or otherwise modified from time to time.
UK Guarantee means the UK guarantee to be entered into after the Closing Date in accordance with the Post-Closing Letter, executed in favor of the Administrative Agent and the other Secured Parties by each of the UK Loan Parties. “UK Loan Party” means each Loan Party that is organized under the laws of the United Kingdom or any province, territory or other political subdivision thereof. “UK Resolution Authority” means the Bank of England or any other public administrative authority having responsibility for the resolution of any UK Financial Institution. “Underlying Issuer” means, individually and/or collectively (as the context may require), Bank of Montreal (by itself or through one of its designated Affiliates or branch offices) or such other Person as is designated by the Administrative Agent to become an Underlying Issuer for the purpose of issuing Letters of Credit or Reimbursement Undertakings pursuant to Section 2.03. “Underlying Letter of Credit” means a Letter of Credit that has been issued by an Underlying Issuer. “Unfunded Capital Expenditures” means, as to the Borrower or any Subsidiary, without duplication, a Capital Expenditure funded (a) from such Person’s internally generated cash flow or (b) with the proceeds of a Loan. “Unintentional Overadvance” means an Overadvance which, to the Administrative Agent’s knowledge, did not constitute an Overadvance when made but which has become an Overadvance resulting from changed circumstances beyond the control of the Secured Parties, including, without limitation, a reduction in the Appraised Value of property or assets included in the Borrowing Base, increase in Reserves or misrepresentation by the Loan Parties. “United States” and “U.S.” mean the United States of America. “Unreimbursed Amount” has the meaning specified in Section 2.03(f). “Unsecured Notes” means, collectively, (x) those certain 8.125% Senior Notes due 2026 issued by the Borrower under the Unsecured Notes Indenture, in an aggregate principal amount of $193,034,475 as of the Closing Date, (y) those certain 6.50% Senior Notes due 2026 issued by the Borrower under the Unsecured Notes Indenture, in an aggregate principal amount of $151,440,250 as of the Closing Date, and (z) any additional unsecured Senior Notes issued under the Unsecured Notes Indenture by the Borrower made in accordance with the terms hereof. “Unsecured Notes Documents” means, collectively, the Unsecured Notes, the Unsecured Notes Indenture, and all agreements, contracts, instrume...