Acceptable Guarantee definition

Acceptable Guarantee means a guarantee which:

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Acceptable Guarantee means an unconditional guarantee, from an entity with long term unsecured and unguaranteed senior debt rated not less than A from S&P and A2 from Moody’s.

Acceptable Guarantee means an unconditional guarantee, from an entity with long term unsecured and unguaranteed senior debt rated not less than A from S&P and A2 from ▇▇▇▇▇’▇.

Examples of Acceptable Guarantee in a sentence

If any Obligor fails to make any payment in the amount or at the time required in accordance with this Agreement or any other Finance Document (taking account of any applicable cure period), the Security Trustee immediately shall be permitted to draw upon any Acceptable Letter of Credit or enforce any Acceptable Guarantee in relation to such defaulted payment obligation.
The Security Trustee is the beneficiary of any Acceptable Letter of Credit or Acceptable Guarantee then required to be in place in accordance with Clause 19.30.
The signature of the Selling Shareholder on the Power of Attorney shall be accompanied by an Acceptable Guarantee.
Borrower shall have funded the Debt Service Reserve Account in accordance with the Depositary Agreement, caused the issuance of a DSR Letter of Credit for the benefit of Collateral Agent (acting for the benefit of the Lenders) and/or provided an Acceptable Guarantee or Acceptable Letter of Credit for the benefit of Collateral Agent (acting for the benefit of the Lenders) in an aggregate amount equal to the Debt Service Reserve Requirement.
Borrower shall fund the Supplemental Reserve Account (or cause an Acceptable Letter of Credit and/or Acceptable Guarantee to be issued), in an aggregate amount equal to at least the required Supplemental Reserve Amount, in accordance with the Depositary Agreement.

More Definitions of Acceptable Guarantee

Acceptable Guarantee means an unconditional, irrevocable, direct-pay guarantee

Acceptable Guarantee an unconditional and irrevocable Dollar-denominated guarantee substantially in the form of Exhibit O-1 or Exhibit O-2 to the Master Security Agreement or in such other form and substance reasonable satisfactory to the Supermajority Facility Lenders issued by a Person that, at the time of issuance, is an Acceptable Guarantor, which is non-recourse to the Borrower and drawable upon demand by the Trustee; provided that no such guarantee shall be deemed an "Acceptable Guarantee" if the Borrower is liable, directly or indirectly, for any reimbursement obligations to the guarantor or any other Person (other than if such reimbursement obligation is a Subordinated Loan) as a result of a drawing under such guarantee.

Acceptable Guarantee means a guarantee in a form reasonably acceptable to Collateral Agent (with the consent of the Majority Lenders) provided by a Qualified Guarantor to Collateral Agent for the benefit of the Lenders to satisfy, in whole or in part, the Debt Service Reserve Requirement, the Supplemental Reserve Amount, the O&M Reserve Requirement or the Minimum Major Maintenance Reserve Amount.

Acceptable Guarantee as defined in Section 7.11(b).