Facility Guarantees definition

Facility Guarantees means, collectively, the Parent Guaranty and the Subsidiary Guaranty.

Facility Guarantees means Guarantees substantially in the form of Exhibit A to be executed by EXCO and Venus and each Subsidiary of Borrower in favor of Administrative Agent for the ratable benefit of the Banks pursuant to which each EXCO and Venus and each Subsidiary of Borrower jointly and severally guarantees payment and performance in full of the Obligations.

Facility Guarantees means (a) Guarantees in form and substance acceptable to Agent to be executed by Mercury, Mercury Production and QELC in favor of the Banks pursuant to which Mercury, Mercury Production and QELC shall guaranty payment and performance of the Obligations, and (b) any Subsidiary Guaranty which may now or hereafter be executed pursuant to this Agreement.

Examples of Facility Guarantees in a sentence

• The Company has made available to Parent and Merger Sub a true, correct and complete copy of any guarantees or other security agreements for the Facility Leases (the “Facility Guarantees”) listed in Schedule 7.25(a) (which Facility Guarantees comprise all of the guarantees and security agreements relating to real property and/or immovable property related to the Facility Leases).

• The Capital Markets Bridge Facility Guarantees will rank equal in right of payment with the Cash Flow Bridge Guarantees and the guarantees provided in connection with Term Loans (if any), the Senior Notes (if any) and any other Permanent Financing (if any).

• In addition, payment of all obligations under the Senior Credit Facility is guaranteed by each of the Senior Credit Facility Guarantors under the Senior Credit Facility Guarantees and collateralized by all or substantially all of the assets of the Senior Credit Facility Guarantors.

• On the Effective Date, all outstanding notes issued to the DIP Facility Lenders under the DIP Facility and/or the DIP Facility Guarantees (if any) shall be cancelled and be deemed terminated and of no force and effect.

• Under this category, the Bank offers Pre-export Finance, Single/Multiple Supplier Refinancing Facilities and also Export Finance Facility Guarantees.

• As at 17 March 2022 the sum of £2780.98 in outstanding rent is due to the Applicant by the Respondent in terms of Clause 8 of the said Tenancy Agreement.

• Except as otherwise expressly provided herein, all terms and conditions of the Credit Agreement, the Security Agreement, the Facility Guarantees and the other Loan Documents remain in full force and effect.

• Collectively, G&L Industries, Swift Textiles, G&L Properties, Swift Denim Properties, G&L Service, Swift Denim Services, Greensboro Textile, Brighton Weaving, Flint Spinning, Society Hill, and McDowell Weaving, in their capacity as the guarantors under the Senior Credit Facility Guarantees.

• The Cash Flow Bridge Facility Guarantees will rank equal in right of payment with the guarantees provided in connection with the Capital Markets Bridge Facility (if any), the Term Loans (if any), the Senior Notes (if any) and any other Permanent Financing (if any).

• Collectively, the DIP Facility Guarantees, the Senior Credit Facility Guarantees, and the Senior Subordinated Notes Guarantees.

More Definitions of Facility Guarantees

Facility Guarantees given in favour of any third party by the Guarantor, the Vendor or any of their respective subsidiaries (other than the Group Companies) in respect of obligations owing by the Group Companies details of which have been notified to the Purchaser by 5.00 p.m. (Hong Kong time) on the day prior to Completion as referred to in paragraph 1 of Part B of Schedule 2.