Existing Guarantee definition
Existing Guarantee the Amended and Restated Guaranty, dated as of July 8, 2009, by the Company Borrower in favor of U.S. Bank National Association, as amended by the Amendment of Guaranty, dated as of June 29, 2011.
Existing Guarantee means any security which was provided to the Municipality in lieu of a Deposit, prior to the Effective Date, including without limitation, any guarantee, Financial Guarantee, suretyship, or any similar such document, which remains legally enforceable;
Existing Guarantee means the parent company guarantee dated 11 May 2022 provided by the Seller in respect of the Facility Agreement.
Examples of Existing Guarantee in a sentence
No Party shall be under any obligation to extend or renew any Existing Guarantee that expires by its terms, nor to agree with any beneficiary of an Existing Guarantee to any amendment, waiver, or assignment thereof.
More Definitions of Existing Guarantee
Existing Guarantee means any Guarantee provided by any Group Company, including but not limited to any Guarantee relating to or provided in respect of the Existing Debt Facilities or any other Existing Financial Indebtedness;
Existing Guarantee means a guarantee under the pre-amended Act, that applied to the obligations of an entity immediately before the commencement, and includes a guarantee made under the Local Bodies’ Loans Guarantee Act 1923 if it applied to the obligations of an entity immediately before the commencement.
Existing Guarantee means the guarantee and indemnity dated 11 May 2022 in relation to, amongst other things, the Original Loan Agreement made by the Outgoing Guarantor in favour of the Security Trustee.
Existing Guarantee means the Guarantee and Indemnity from Seller to DVB dated as of December 3, 2013, which was entered into in connection with the $44 Million Facility.
Existing Guarantee means the guarantee provided by the Guarantor pursuant to the terms and conditions regulating the Existing Bonds.
Existing Guarantee means (i) any Guarantee outstanding on the Closing Date, to the extent set forth on SCHEDULE 8.02 and (ii) any Guarantee that constitutes a renewal, extension or replacement of an Existing Guaranty, but only if (A) at the time such Guarantee is entered into and immediately after giving effect thereto, no Default would exist, (B) such Guarantee is binding only on the obligor or obligors under the Guarantee so renewed, extended or replaced, (C) the principal amount of the obligations guaranteed by such Guarantee does not exceed the principal amount of the obligations guaranteed by the Guarantee so renewed, extended or replaced plus any premium, "make-whole" amounts and penalties actually paid on the Indebtedness Guaranteed thereby and all reasonable fees and expenses payable in connection with such renewal, extension or replacement and (D) the obligations guaranteed by such Guarantee bear interest at a rate per annum not exceeding the rate borne by the obligations guaranteed by the Guarantee so renewed, extended or replaced except for any increase that is commercially reasonable at the time of such increase.
Existing Guarantee means any Guarantee entered into by a member of the BP Group prior to the Completion Date, including without limitation the ▇▇▇▇▇▇▇ Guarantees, the Lease Guarantees, the ICX Guarantee, the Port of Houston Guarantee and any indemnity given by a member of the BP Group pursuant to clause 5.3(c) of the Option Exercise Deed dated 29 October 2004 between Solvay SA, BP International Limited and BP p.l.c.; “Existing Guarantor” means the member of the BP Group who has entered into an Existing Guarantee; “Fees” means the fees payable pursuant to Clause 4.3 and Clause 5.4 and “Fee” means any of them; “Gelsenkirchen Naphtha Cracking Operations” means the naphtha cracking operations of ROG immediately prior to the Completion Date using the physical assets located at the Gelsenkirchen refinery, Germany, which assets shall remain with ROG following the Reorganisation; “Governmental Authority” means any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government, including any governmental authority, agency, department, board, commission or instrumentality whether federal, state, local or foreign (or any political subdivision thereof), and any tribunal, court or arbitrator(s) of competent jurisdiction; “Grangemouth Refining Business” means the crude oil refining operations of the BP Group immediately prior to the Completion Date using the physical assets located at the Grangemouth refinery and the Finnart oil terminal, Scotland; “group” means the BP Group or the Innovene Group, as appropriate, unless the context requires otherwise; “Guarantee” means any guarantee, indemnity, surety, covenant or letter of comfort, credit or support entered into by a member of the BP Group from time to time to the extent the same relates to any Innovene Group Business; “Guarantor” means a member of the BP Group that enters into a Guarantee; “▇▇▇▇▇ Fractionation Operations” means the fractionation operations of the BP Group immediately prior to the Completion Date using the physical assets located at the ▇▇▇▇▇ plant, New Mexico, USA and the Seminole pipeline, Texas, USA;