Permitted Guarantor definition

Permitted Guarantor means [●].]7
Permitted Guarantor means, for any Resource Provider, any Person that (i) directly or indirectly holds an ownership interest of at least twenty-five percent (25%) in such Resource Provider and (ii) satisfies the financial capability requirement set forth in paragraph (a) of Section4.5 (Section Four: Financial Capability);
Permitted Guarantor a Domestic Subsidiary that is a Credit Party and that has granted to the Collateral Agent a first-priority (other than with respect to Liens permitted under subparagraph 5.2(a)), perfected Lien on substantially all of its domestic assets (other than Excluded Assets) pursuant to the Collateral Documents, as certified by the Company in a certificate delivered to the holders of the Notes (as well as the holder of the Indebtedness to be guaranteed) and not objected to by the Required Holders within 5 days of its receipt of such certificate. "Permitted Investments":

Examples of Permitted Guarantor in a sentence

  • Except in the case of a Permitted Guarantor Restructure, the Issuer will (and the Issuer will ensure that each Guarantor will) do everything necessary to maintain its corporate existence.

  • Proponents that designate a newly-established special purpose vehicle or any other third party as the Resource Provider, which does not satisfy the financial capability requirements set forth in Section 4.5 (Section Four: Financial Capability) shall arrange for a Permitted Guarantor to guarantee the payment obligations of such Resource Provider, arising out of a Contract as further described in Section 1.6 (Contract Terms and Conditions).

  • The ECP must not have any punctures through the primary and secondary containment systems.

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  • The Guarantors shall not provide any loan or security or guarantee to or for the benefit of any party (which, for the avoidance of doubt, shall not apply to any other Group Company outside the Issuer Group), other than any Permitted Guarantor Debt and Permitted Guarantor Security.

  • Permitted Guarantor has suffered a material adverse change in its financial condition or prospects relative to such condition or prospects on the date hereof.

  • Each Proponent shall produce copies of audited financial statements, Form 10-Ks or similar types of audited annual reports for the last three (3) financial years evidencing that either (i) the Resource Provider, or (ii) a Permitted Guarantor, which will guarantee the payment obligations of the Resource Provider arising under a Contract, in each case has an Unrestricted Net Worth that exceeds the Minimum Amount.


More Definitions of Permitted Guarantor

Permitted Guarantor any Subsidiary Guarantor that as of the Closing Date has guaranteed the Senior Subordinated Notes or that after the Closing Date has become required to guarantee the Senior Subordinated Notes pursuant to the Senior Subordinated Note Indenture as in effect on the Closing Date or as subsequently amended with the prior written consent of the Required Lenders.

Related to Permitted Guarantor

  • Specified Guarantor means any Guarantor that is not an “eligible contract participant” under the Commodity Exchange Act (determined prior to giving effect to Section 11.12).

  • Permitted Guarantees means any guarantee:

  • Limited Guarantor With respect to any Series (or Class within such Series), a Person specified in the related Supplement as providing a guarantee or insurance policy or other credit enhancement supporting the distributions in respect of such Series (or Class within such Series) as and to the extent specified in such Supplement.

  • Transferred Guarantor shall have the meaning assigned to such term in Section 7.09.

  • Swap Guarantor If so specified in the Supplement with respect to any Series, the guarantor specified as such in such Supplement.

  • Guarantor Subsidiary means each Guarantor other than Holdings.

  • Wholly Owned Subsidiary Guarantor any Subsidiary Guarantor that is a Wholly Owned Subsidiary of the Borrower.

  • Non-Guarantor Subsidiary means any Subsidiary of the Borrower that is not a Subsidiary Guarantor.

  • Additional Subsidiary Guarantor means each Person that becomes a Subsidiary Guarantor after the Closing Date by execution of an Accession Agreement as provided in Section 6.12.

  • Permitted Subsidiary Indebtedness means any of the following:

  • 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.

  • Excluded Subsidiary means (i) each Subsidiary, in each case, for so long as any such Subsidiary does not (on (x) a consolidated basis with its Restricted Subsidiaries, if determined on the Closing Date by reference to the Historical Financial Statements or (y) a consolidated basis with its Restricted Subsidiaries, if determined after the Closing Date by reference to the financial statements delivered to the Administrative Agent pursuant to Section 9.1(a) and (b)) constitute a Material Subsidiary, (ii) each Subsidiary that is not a Wholly-Owned Subsidiary on any date such Subsidiary would otherwise be required to become a Guarantor pursuant to the requirements of Section 9.11 (for so long as such Subsidiary remains a non-Wholly-Owned Restricted Subsidiary), (iii) any CFC Holding Company, (iv) any direct or indirect Subsidiary of a CFC or a CFC Holding Company, (v) any CFC, (vi) each Subsidiary that is prohibited by any applicable Contractual Requirement or Requirements of Law (to the extent existing on the Closing Date or, if later, the date it becomes a Restricted Subsidiary and in each case, not entered into in contemplation thereof) from guaranteeing or granting Liens to secure the Obligations or would require third-party or governmental (including regulatory) consent, approval, license or authorization to guarantee or grant such Liens to secure the Obligations (unless such consent, approval, license or authorization has been received), (vii) each Subsidiary with respect to which, as reasonably determined by the Borrower, the consequence of providing a Guarantee of the Obligations would adversely affect the ability of the Borrower and its respective Subsidiaries to satisfy applicable Requirements of Law, (viii) each Subsidiary with respect to which, as reasonably determined by the Borrower in consultation with the Administrative Agent, providing such a Guarantee would result in material adverse tax consequences, (ix) any other Subsidiary with respect to which, in the reasonable judgment of the Administrative Agent and the Borrower, as agreed in writing, the cost or other consequences of providing a Guarantee of the Obligations shall be excessive in view of the benefits to be obtained by the Lenders therefrom, (x) each Unrestricted Subsidiary, (xi) any Receivables Subsidiary, (xii) each other Subsidiary acquired pursuant to a Permitted Acquisition or other Investment permitted hereunder and financed with assumed secured Indebtedness permitted hereunder, and each Restricted Subsidiary acquired in such Permitted Acquisition or other Investment permitted hereunder that guarantees such Indebtedness, in each case to the extent that, and for so long as, the documentation relating to such Indebtedness to which such Subsidiary is a party prohibits such Subsidiary from guaranteeing the Obligations and such prohibition was not created in contemplation of such Permitted Acquisition or other Investment permitted hereunder, (xiii) each Subsidiary that is a registered broker dealer and (xiv) each SPV, not-for-profit Subsidiary and captive insurance company.

  • Guarantor means any one of them.

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

  • Permitted SBIC Guarantee means a guarantee by the Borrower of Indebtedness of an SBIC Subsidiary on the SBA’s then applicable form, provided that the recourse to the Borrower thereunder is expressly limited only to periods after the occurrence of an event or condition that is an impermissible change in the control of such SBIC Subsidiary (it being understood that, as provided in clause (s) of Article VII, it shall be an Event of Default hereunder if any such event or condition giving rise to such recourse occurs).

  • Domestic Subsidiaries means all Subsidiaries incorporated or organized under the laws of the United States of America, any State thereof or the District of Columbia.

  • Domestic Subsidiary means any Subsidiary that is organized under the Laws of the United States, any state thereof or the District of Columbia.

  • Project Financing Subsidiary means any Restricted Subsidiary of the Borrower (or any other Person in which Borrower directly or indirectly owns a 50% or less interest) whose principal purpose is to incur Project Financing or to become an owner of interests in a Person so created to conduct the business activities for which such Project Financing was incurred, and substantially all the fixed assets of which Subsidiary or Person are those fixed assets being financed (or to be financed) in whole or in part by one or more Project Financings.

  • U.S. Subsidiary Guarantor means each U.S. Subsidiary which has executed and delivered to the U.S. Administrative Agent the U.S. Subsidiary Guaranty (or a supplement thereto).

  • Parent Guarantor has the meaning specified in the recital of parties to this Agreement.

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

  • Subsidiary Guarantor means, collectively, the Subsidiaries of the Borrower that are Guarantors.

  • Non-Guarantor Subsidiaries means, as of any date of determination, a collective reference to:

  • Financing Subsidiary means an SPE Subsidiary or an SBIC Subsidiary.

  • Restricted Subsidiary means any Subsidiary of the Company other than an Unrestricted Subsidiary.

  • Guarantor Subsidiaries has the meaning set forth in the Recitals to this Agreement.