Springing Guarantees. The guarantees evidenced by this Guaranty shall become effective if and when the Trigger Date occurs. The Company shall provide the Trustee with written notice of the occurrence of the Trigger Date. The guarantees evidenced by this Guaranty are intended to be a present obligation of a future contingent commitment.
Appears in 3 contracts
Sources: Guaranty (Talen Energy Supply, LLC), Guaranty (Talen Energy Supply, LLC), Guaranty (Talen Energy Supply, LLC)