GUARANTOR LIMITATIONS Sample Clauses
The "Guarantor Limitations" clause defines the specific restrictions and boundaries placed on the obligations of a guarantor under an agreement. Typically, this clause may limit the guarantor’s liability to a certain monetary amount, restrict the types of obligations covered, or set conditions under which the guarantee applies, such as excluding indirect damages or capping the duration of the guarantee. By clearly outlining these limitations, the clause protects the guarantor from unlimited or unforeseen liabilities, ensuring that their responsibilities are well-defined and manageable.
GUARANTOR LIMITATIONS. The right to enforce the guarantee given by a Guarantor incorporated in Germany as a GmbH (a “German Guarantor”) shall be excluded if and to the extent that the Guaranty secures the obligations of an affiliated company (verbundenes Unternehmen) within the meaning of Section 15 of the German Stock Corporation Act (Aktiengesetz) of such German Guarantor (other than any of the German Guarantor’s direct or indirect subsidiaries), and if and to the extent that (a) the enforcement of the Guaranty would cause such German Guarantor’s assets (the calculation of which shall include all items set forth in section 266(2) A, B and C of the German Commercial Code (Handelsgesetzbuch)) less such German Guarantor’s liabilities (the calculation of which shall include all items set forth in section 266(3) B, C and D of the German Commercial Code) (the “Net Assets”) being less than its registered share capital (Stammkapital) (Begründung einer Unterbilanz) or (b) (if such German Guarantor’s Net Assets are already less than its registered share capital) causing such amount to be further reduced (Vertiefung einer Unterbilanz).
GUARANTOR LIMITATIONS. In accordance with the Agreed Security Principles, the following limitations apply to the Guarantee of the Note Guarantor: [Limitations consistent with Agreed Security Principles to be specified here]] For the avoidance of doubt, in the case of any Note Guarantor incorporated in Singapore, the obligations or liabilities of such Note Guarantor under this Note Guarantee Supplement and the Indenture shall exclude any obligation or liability, which, if it were so included, would result in this Note Guarantee Supplement or the Indenture contravening Section 76 of the Companies Act (Chapter 50 of Singapore).
GUARANTOR LIMITATIONS. In accordance with the Agreed Security Principles, the following limitations apply to the Guarantee of the Note Guarantor: [Limitations consistent with Agreed Security Principles to be specified here]
GUARANTOR LIMITATIONS. The Borrower shall not permit any Financed Loan to be guaranteed by any guaranty agency or entity other than (a) those specifically named in the definition of the term "Trustee Guarantee Agreements" in Section 1.01 hereof or (b) any other guaranty agency or entity specifically approved as a Guarantor by the Facility Agent in advance in writing.
GUARANTOR LIMITATIONS. The Issuer shall not permit any Financed Loan to be guaranteed by any guaranty agency or entity other than (a) those specifically named in the definition of the term "Trustee Guarantee Agreements" in Section 1.01 hereof or (b) any other guaranty agency or entity specifically approved as a Guarantor by each Agent in advance in writing.
GUARANTOR LIMITATIONS. Permit any Pledged Student Loan (a) that is an FFELP Loan to be guaranteed by any guaranty agency or entity other than (i) an FFELP Guarantor or (ii) any other guaranty agency or entity specifically approved as a Guarantor by the Administrative Agent, the Funding Agents and the Required Lenders in advance hereunder in writing or (b) that is a Private Loan covered by a Private Loan Guarantee Agreement to be guaranteed by any guaranty agency or entity other than a Private Loan Guarantor.
GUARANTOR LIMITATIONS. Permit any Financed Student Loan (a) that --------------------- is an FFEL Loan to be guaranteed by any guaranty agency or entity other than (i) an FFEL Guarantor or (ii) any other guaranty agency or entity specifically approved as a Guarantor by the Administrator in advance hereunder in writing or (b) that is a Consumer Education Loan covered by a Consumer Education Loan Guarantee Agreement to be guaranteed by any guaranty agency or entity other than a Consumer Education Loan Guarantor.