Guarantee Release definition
Examples of Guarantee Release in a sentence
Subject to reinstatement pursuant to Section 2.03, this Guarantee and Agreement shall remain in full force and effect until the NEG Guarantee Release Date unless otherwise terminated in writing by the Guarantor and the Security Agent.
Parent shall take all actions reasonably necessary in order to provide the same Guarantee and security interest as would be required had the Guarantee Release Date never occurred.
Notwithstanding anything in any Loan Document to the contrary, on, or no later than ten (10) Business Days after the Collateral and Guarantee Release Date, the Administrative Agent shall file or cause to be filed all Mortgage releases with respect to each Mortgaged Property and otherwise provide written evidence to the Lead Borrower of the release of each Mortgage and the suspension of the terms of Section 5.5(d).
To the extent required to obtain a Guarantee Release (as defined in the Separation Agreement) of any member of the Burgundy Group as contemplated by Section 2.10 of the Separation Agreement, Grizzly will use its reasonable best efforts to execute a guarantee agreement in the form of the existing agreement or guarantee or such other form as is agreed to by the relevant parties to such agreement or guarantee.
The Holding Company shall take all actions reasonably necessary in order to provide the same Guarantee and security interest as would be required had the Guarantee Release Date never occurred.
For the avoidance of doubt, notwithstanding the effectiveness of the Guarantee Release Framework, any Guarantees provided by IC to Qoros which are included in the Retained Liabilities, shall remain in effect (the “Remaining Qoros Guarantee”).
Parent or such Parent Guarantor, as the case may be, shall take all actions reasonably necessary in order to provide the same Note Guarantee as would be required had the Parent Guarantee Release Date never occurred.
The Administrative Agent hereby acknowledges that any Guarantee by a Subsidiary shall be released automatically upon the occurrence of a Guarantee Release Date with respect to such Subsidiary.
At any time prior to the Collateral and Guarantee Release Date, if the Administrative Agent reasonably determines that it is required by applicable law to have appraisals prepared in respect of the Mortgaged Property of any Loan Party, the Lead Borrower shall cooperate with the Administrative Agent to obtain appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA.
To the extent the representations and warranties contained in this Section 3.12 are made prior to the Collateral and Guarantee Release Date: (a) Schedule 3.12(a) sets forth as of the Fourth Restatement Effective Date a list of all Subsidiaries and Excluded Subsidiaries other than inactive Subsidiaries, and the percentage ownership (directly or indirectly) of Holdings therein.