Debt Guaranteed definition

Debt Guaranteed by any Person means all Debt of the kinds referred to in the definition of Debt which is, directly or indirectly, guaranteed (except by way of endorsement of a negotiable instrument made in the ordinary course of such Person's business) by such Person or which such Person has agreed (contingently or otherwise) to purchase or otherwise acquire or in respect of which such Person has otherwise assured a creditor against loss.

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Debt Guaranteed by any Person means the maximum amount which may be outstanding at the relevant time of all Debt which is directly or indirectly guaranteed by such Person or which such Person has agreed (contingently or otherwise) to purchase or otherwise acquire, or in respect of which such Person has otherwise assured a creditor or other Person against loss; provided that in circumstances in which less than such amount has been guaranteed by such Person, only the guaranteed amount shall be taken into account in determining such Person’s Debt Guaranteed.

Debt Guaranteed by any Person means the maximum amount which may be outstanding at the relevant time of all Debt which is directly or indirectly guaranteed by such Person or which such Person has agreed (contingently or otherwise) to purchase or otherwise acquire, or in respect of which such Person has otherwise assured a creditor or other Person against loss; provided that in circumstances in which less than such amount has been guaranteed by such Person, only the guaranteed amount shall be taken into account in determining such Person’s Debt Guaranteed; and provided further that, for clarification, “Debt Guaranteed” does not include comfort letters, keep well agreements and other agreements of similar effect given by such Person in respect of another Person for the purpose of satisfying Law, retaining officers and directors of such other Person or financial audits of such other Person, in each case, in accordance with customary business practices of such Person.

Examples of Debt Guaranteed in a sentence

• The Company covenants that if any Person (other than the Company) Guarantees or provides collateral in any manner for any Debt of the Company or any Subsidiary other than as permitted by paragraph 6B(1), it will simultaneously cause such Person to Guarantee or provide collateral for the Notes equally and ratably with all Debt Guaranteed or secured by such Person for so long as such Debt is Guaranteed and pursuant to documentation in form and substance reasonably satisfactory to such holder.

• The aggregate principal or face amount outstanding or that may become outstanding under each such arrangement is correctly described in said Part A of Schedule 3.14, and said Part A of Schedule 3.14 correctly indicates whether each such arrangement constitutes Unrestricted Subsidiary Debt Guaranteed by the Borrower or any Restricted Subsidiary.

• The Company covenants that if any Person (other than the Company) Guarantees or provides collateral in any manner for any Debt of the Company or any Subsidiary, it will simultaneously cause such Person to Guarantee or provide collateral for the Notes equally and ratably with all Debt Guaranteed or secured by such Person for so long as such Debt is Guaranteed and pursuant to documentation in form and substance reasonably satisfactory to such holder.

• The Borrower further agrees that if any Person (other than the Borrower) Guarantees or provides collateral in any manner for any Debt of the Borrower or any Subsidiary, it will simultaneously cause such Person to Guarantee or provide collateral for the Loans equally and ratably with all Debt Guaranteed or secured by such Person pursuant to documentation in form and substance reasonably satisfactory to the Bank and such Person.

• Incremental Facilities may, at the discretion of the Company, be secured or unsecured in the form of Pari Passu Secured Debt, Junior Lien Debt, Guaranteed Debt or Unsecured Debt.

• With respect to the holders and owners of Guarantor Senior Debt, Guaranteed Party and each Lender undertakes to perform only such obligations on the part of Guaranteed Party or such Lenders, as the case may be, as are specifically set forth in this Section 3, and no implied covenants or obligations with respect to the holders or owners of Guarantor Senior Debt shall be read into this Agreement against Guaranteed Party or the Lenders.

More Definitions of Debt Guaranteed

Debt Guaranteed by any Person means the maximum amount which may be outstanding at any time of all Debt of the kinds referred to in (i) through (vii) of the definition of Debt which is directly or indirectly guaranteed by the Person or which the Person has agreed (contingently or otherwise) to purchase or otherwise acquire, or in respect of which the Person has otherwise assured a creditor or other Person against loss.

Debt Guaranteed by any Person means Debt of the kinds referred to in (i) through (v) of the definition of Debt which is directly or indirectly guaranteed by such Person or which such Person has agreed (contingently or otherwise) with the creditor to purchase or otherwise acquire or assume, or in respect of which such Person has otherwise assured a credit against loss by means of an indemnity, security or bond;

Debt Guaranteed by any Person means the maximum amount which may be outstanding at any time of all Debt of the kinds referred to in (i) through (vi) and (viii) of the definition of Debt which is directly or indirectly guaranteed by the Person or which the Person has agreed (contingently or otherwise) to purchase or otherwise acquire, or in respect of which the Person has otherwise assured a creditor or other Person against Loss, provided that in circumstances in which less than such amount has been guaranteed by the Person, only the guaranteed amount shall be taken into account in determining such Person’s Debt Guaranteed;

Debt Guaranteed by any Person means the maximum amount which may be outstanding as recorded in the books and reflected in the consolidated balance sheet of the Borrower at the relevant time of all Indebtedness which is directly or indirectly guaranteed by such Person or which such Person has agreed (contingently or otherwise) to purchase or otherwise acquire, or in respect of which such Person has otherwise assured a creditor or other Person against loss, provided that (a) in circumstances in which less than such amount has been guaranteed by such Person, only the guaranteed amount shall be taken into account in determining such Person's Debt Guaranteed, (b) endorsements of instruments for deposit or collection in the ordinary course of business shall be excluded from the amounts determined hereunder and (c) where there is a co-maker for a note, only the actual amount guaranteed shall be included rather than the amount for which the co- maker is liable.

Debt Guaranteed by any Person means the maximum amount which may be outstanding as recorded in the books and reflected in the consolidated balance sheet of the Borrower at the relevant time of all Indebtedness which is directly or indirectly guaranteed by such Person or which such Person has agreed (contingently or otherwise) to purchase or otherwise acquire, or in respect of which such Person has otherwise assured a creditor or other Person against loss, provided that (a) in circumstances in which less than such amount has been guaranteed by such Person, only the guaranteed amount shall be taken into account in determining such Person's Debt Guaranteed, (b) endorsements of instruments for deposit or collection in the ordinary course of business shall be excluded from the amounts determined hereunder and (c) where there is a co-maker for a note, only the actual amount guaranteed shall be included rather than the amount for which the co- maker is liable.