Corporate Guaranty definition

Corporate Guaranty means a legal document used by an entity to guaranty the obligations of another entity. Cost of New Entry:

Corporate Guaranty means a legal document used by an entity to guaranty the obligations of another entity.

Corporate Guaranty means a legal document, in a form acceptable to PJM and/or PJMSettlement, used by a Credit Affiliate of an entity to guaranty the obligations of another entity.

Examples of Corporate Guaranty in a sentence

• If multiple Applicants or Tariff Customers are being covered by the same Guarantor then the Guarantor providing the Corporate Guaranty must exceed $5 million in total assets or $1 million in net worth for each Applicant or Tariff Customer being covered by the Corporate Guaranty.

• An Applicant and/or Tariff Customer or the Guarantor may request the withdrawal of its Corporate Guaranty by providing a written request to do so to Transmission Provider credit personnel.

• Any breach of the Corporate Guaranty by the Guarantor or the requirements of the Guarantor under this policy shall be deemed a breach of this policy and a Default under this Tariff by the Guarantor and the respective Applicant(s) and/or Tariff Customer(s) for whose benefit the Corporate Guaranty was issued.

• In general, the Corporate Guaranty should clearly state the identities of the “Guarantor,” “Beneficiary” (Transmission Provider), and the “Obligor” (Transmission Customer and/or Market Participant).

• In those cases where an Applicant and/or Tariff Customer is an Affiliate of another entity and would like to utilize the consolidated financial statements and other relevant information of its parent company or another Affiliate for obtaining credit, a signed Corporate Guaranty is required.

More Definitions of Corporate Guaranty

Corporate Guaranty means that certain guaranty of payment for the benefit of the Lender dated the date hereof to the Lender from the Corporate Guarantor, as the same may from time to time be amended, restated, supplemented or otherwise modified.

Corporate Guaranty means the Corporate Guaranty in the form attached hereto as Exhibit B to be executed and delivered by each Corporate Guarantor as the same may hereafter be amended, restated, supplemented or otherwise modified from time to time.

Corporate Guaranty means the Corporate Guaranty in the form attached hereto as Exhibit D to be executed and delivered by the Corporate Guarantors, as the same may hereafter be amended, restated, supplemented or otherwise modified from time to time.

Corporate Guaranty means each Corporate Guaranty in favor of Lender from each Corporate Guarantor, each dated as of the date hereof, and any other guaranty entered into after the date hereof by any Corporate Guarantor in favor of Lender.

Corporate Guaranty has the meaning set forth in Section 5.07(a).

Corporate Guaranty shall have the meaning set forth in Section 3.1 hereof.

Corporate Guaranty. The Guaranty from the Sponsor to DOE in the amount of $2,397,000 to be used only to replenish the amount in the Debt Service Reserve Account to the Debt Service Reserve Requirement.