Guaranteed Liability definition

Guaranteed Liability means any agreement, undertaking or arrangement by which any Person guarantees, endorses or otherwise becomes or is contingently liable upon (by direct or indirect agreement, contingent or otherwise, to provide funds for payment, to supply funds to, or otherwise to invest in, a debtor, or otherwise to assure a creditor against loss) the Indebtedness of any other Person (other than by endorsements of instruments in the course of collection), or guarantees the payment of dividends or other distributions upon the shares of any other Person. The amount of any Person’s Guaranteed Liability shall be the lesser of (i) the limitation on such Person’s liability, if any, set forth in such agreement, undertaking or arrangement or (ii) the outstanding principal amount of the Indebtedness guaranteed thereby. Guaranteed Liabilities shall exclude any act or agreement in connection with any financing of a project owned by any Person that either (A) guarantees performance of the acquisition, improvement, installation, design, engineering, construction, development, completion, maintenance or operation of, or otherwise affects any such act in respect of, all or a portion of the project that is financed, except during any period, and then only to the extent, that such act or agreement is a guarantee of payment of such financing or (B) the obligation to pay or perform under which is contingent upon the occurrence of an event or condition which has not occurred, other than notice, the passage of time or such financing or any part thereof becoming due; provided, however, to the extent that any partial payment is required to be made under any such act or agreement providing for a contingent payment obligation as described in clause (B) above, “Guaranteed Liability” shall be deemed to include an amount equal to four (4) times such amount required to be paid during the Fiscal Quarter most recently ended, up to the full amount of the Guaranteed Liability as specified in the immediately preceding sentence.

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Guaranteed Liability means any Approved Liability that is guaranteed, in whole or in part, by one or more Protected Partners in accordance with this Agreement.

Guaranteed Liability means any Approved Liability that is guaranteed, in whole or in part, by one or more Guaranty Partners in accordance with this Agreement.

Examples of Guaranteed Liability in a sentence

Each Guarantor waives presentment, notice of dishonor, protest, notice of acceptance of this Guarantee or incurrence of any Guaranteed Liability and any other formality with respect to any of the Guaranteed Liabilities or this Guarantee.
To the extent a Protected Partner executes a guaranty, the Operating Partnership shall deliver a copy of such guaranty to the lender under the Guaranteed Liability promptly after receiving such copy from the relevant Protected Partner.
Any demand by an investor in respect of a Guaranteed Liability in the form of a debt security must be in the form set out in Annex 6 or such other form as the Guarantor may specify for the purposes of paragraph 26 of the schedule to the Scheme and be made in accordance with paragraph 26 of the schedule to the Scheme.
For the purpose of enabling MLI to maximise its recoveries in any actual or potential winding-up or dissolution, any amount received or recovered by MLI (otherwise than as a result of a payment to it by the Customer) in respect of any Guaranteed Liability may be placed by the recipient in a suspense account.
Without prejudice to the foregoing, a Participating Institution must notify the Scheme Operator at least five (5) days prior to any payment date in respect of a Guaranteed Liability if such Participating Institution is of the view that it may not, or will not, be able to pay any amounts due on such payment date.

More Definitions of Guaranteed Liability

Guaranteed Liability has the meaning given to such term in the Scheme;

Guaranteed Liability shall have the meaning set forth in Section 2.06.

Guaranteed Liability means (i) an Eligible Liability in the form of a deposit (to the extent not covered by deposit protection schemes in the State (other than the CIFS Scheme) or any other jurisdiction and subject as provided for in paragraph 13 of the schedule to the Scheme); and (ii) any other Eligible Liability in respect of which the Scheme Operator has issued an Eligible Liability Guarantee Certificate or which is issued under a Guaranteed Programme;

Guaranteed Liability means all amounts whether in respect of past, current or future debts which at any time for any reason or circumstances are payable, are owing but are not currently payable, are contingently owing or remaining unpaid or are owing at the time of the guarantor entering this agreement (or which are reasonably foreseeable as likely, after that time, to fall within any of those categories) by the Customer to Norbar in connection with the conditions of sale herein or any transaction contemplated by it, whether at law, in equity under statute or otherwise.