Debt Guarantee definition

Debt Guarantee by any Person means any obligation, contingent or otherwise, of such Person directly or indirectly guaranteeing any Debt of any other Person and, without limiting the generality of the foregoing, any obligation, direct or indirect, contingent or otherwise, of such Person (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Debt (whether arising by virtue of partnership arrangements, by agreement to keep-well, to purchase assets, goods, securities or services, to take-or-pay, or to maintain financial statement conditions or otherwise) or (ii) entered into for the purpose of assuring in any other manner the obligee of such Debt of the payment thereof or to protect such obligee against loss in respect thereof (in whole or in part); provided that the term “Debt Guarantee” shall not include endorsements for collection or deposit in the ordinary course of business. The term “Debt Guarantee” used as a verb has a corresponding meaning.
Debt Guarantee means each written first-ranking Debt Guarantee, dated on or about the date of this Agreement, given by the Debt Guarantor in favour of the other Finance Parties or any other party for the obligations of the Obligors owed to those Finance Parties under the Finance Documents or any other party under any other document.
Debt Guarantee by any Person means any obligation, contingent or otherwise, of such Person guaranteeing any Debt of any other Person (the "primary obligor") in any manner, whether directly or indirectly, and including, without limitation, any obligation of such Person, (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Debt or to purchase (or to advance or supply funds for the purchase of) any security for the payment of such Debt, (ii) to purchase property, securities or services for the purpose of assuring the holder of such Debt of the payment of such Debt, or (iii) to maintain working capital, equity capital or other financial statement condition or liquidity of the primary obligor so as to enable the primary obligor to pay such Debt (and "Guaranteed", "Guaranteeing" and "Debt Guarantor" shall have meanings correlative to the foregoing); provided, however, that the Debt Guarantee by any Person shall not include endorsements by such Person for collection or deposit, in either case, in the ordinary course of business.

Examples of Debt Guarantee in a sentence

  • In addition, for each consecutive six-month period following January 2, 2003, that the Debt Guarantee shall remain outstanding, the number of shares of Preferred Stock issuable upon exercise or conversion of this Warrant shall be increased by the Increase Amount, provided that the aggregate number of shares of Preferred Stock issuable upon exercise or conversion of this Warrant shall total no more than 40,000 Preferred Shares, unless otherwise adjusted as provided in this Section 6.

  • If the Debt Guarantee shall remain outstanding on January 2, 2003, the number of shares of Preferred Stock issuable upon exercises or conversion of this Warrant shall be increased by the Increase Amount.

  • Other Corporate Investment Portfolios • On June 30, 2011, the Debt Guarantee Program (DGP) investment portfolio stood at about $7.4 billion (total market value), up from its December 31, 2010, balance of $6.6 billion.

  • Hydro submits that this issue is premature, as it7 rests on decisions the Board has not yet been made concerning the disposition of RSP balances.89 Debt Guarantee Fee: Basis for Payment10 The debt guarantee fee is an annual fee Hydro pays Government in return for Government11 guaranteeing Hydro’s debt obligations.


More Definitions of Debt Guarantee

Debt Guarantee means a guarantee in such form as may be acceptable to the Protected Partners, the Partnership, and the applicable lender to which such guarantee relates.
Debt Guarantee means the Unconditional Guaranty, dated July 2, 2001, issued by SCP in favor of the Bank, pursuant to which SCP has guaranteed payment by the Company of certain obligations of the Company to the Bank.
Debt Guarantee has the meaning given in the Counter Indemnity Agreement;
Debt Guarantee. The guarantee of the Junior Subordinated Debentures by Countrywide Credit Industries, Inc.
Debt Guarantee by any Person means any obligation, contingent or otherwise, of such Person guaranteeing any Debt of any other Person (the “primary obligor'') in any manner, whether directly or indirectly, and including, without limitation, any obligation of such Person, (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Debt or to purchase (or to advance or supply funds for the purchase of) any security for the payment of such Debt, (ii) to purchase property, securities or services for the purpose of assuring the holder of such Debt of the payment of such Debt, (iii) protect the beneficiary of such arrangement from loss (other than product warranties given in the ordinary course of business), (iv) indemnify the owner of such primary obligation against loss in respect thereof, or (v) to maintain working capital, equity capital or other financial statement condition or liquidity or solvency or any balance sheet condition of the primary obligor so as to enable the primary obligor to pay such Debt (and “Guaranteed'', “Guaranteeing'' and “Debt Guarantor'' shall have meanings correlative to the foregoing); provided, however, that the Debt Guarantee by any Person shall not include endorsements by such Person for collection or deposit, in either case, in the ordinary course of business.
Debt Guarantee means the Debt Guarantee issued or to be issued by the Debt Guarantor on or about the Effective Date in favour of the Finance Parties (excluding the Debt Guarantor) for the obligations of the Obligors owed to the Finance Parties under the Finance Documents;
Debt Guarantee means the debt guarantee issued or to be issued by the Debt Guarantor on or about the Signature Date in favour of the Finance Parties for the obligations of the Borrower owing to the Finance Parties under the Finance Documents;