Guaranteed Party definition

Guaranteed Party means the Borrower and each Subsidiary thereof party to any Interest Rate Protection Agreement or Other Hedging Agreement with an Other Creditor. Each Guarantor understands, agrees and confirms that the Secured Creditors may enforce this Guaranty up to the full amount of the Guaranteed Obligations against such Guarantor without proceeding against any other Guarantor, the Borrower, any other Guaranteed Party, against any security for the Guaranteed Obligations, or under any other guaranty covering all or a portion of the Guaranteed Obligations.

Guaranteed Party means the Borrower and each Subsidiary of the Borrower party to any Interest Rate Protection Agreement or Other Hedging Agreement with one or more Lenders or any affiliate thereof.

Guaranteed Party has the meaning specified in Section 9.01.

Examples of Guaranteed Party in a sentence

• This Guaranty is made by Guarantor in consideration for, and as an inducement for the Guaranteed Party to enter into, the Agreement with the Counterparty.

• Guarantor, subject to the terms and conditions hereof, hereby unconditionally, irrevocably and absolutely guarantees to the Guaranteed Party the full and prompt payment and performance when due, subject to any applicable grace period, of all payment obligations of the Counterparty to the Guaranteed Party arising out of the Agreement.

• The assignment rights of the Guaranteed Party will be in accordance with any applicable terms of the Agreement.

• Terms not defined herein shall have the meanings given to them in the [ ] dated , 20 (as amended, modified or extended from time to time, the “Agreement”), between the Guaranteed Party and , a organized and existing under the laws of (the “Counterparty”).

• The rights, powers and remedies herein expressly provided are cumulative and not exclusive of any rights, powers or remedies, which a Guaranteed Party would otherwise have.

More Definitions of Guaranteed Party

Guaranteed Party means with respect to any Credit Party, any other Credit Party.

Guaranteed Party means Holdings, the Borrower, each Subsidiary Guarantor and each Restricted Subsidiary of the Borrower party to any Secured Hedge Agreement.

Guaranteed Party means the Party in whose favor Performance Assurance is provided.

Guaranteed Party and “Guaranteed Parties” shall have the meaning set forth in the third recital of the Guarantee.

Guaranteed Party means, with respect to all Guaranteed Obligations, the Collateral Agent, the Administrative Agent and/or the Lenders to which such Guaranteed Obligations are owed.

Guaranteed Party is defined in the preamble. “Guarantor” is defined in the preamble. “Guaranty” is defined in the preamble. “Master Servicer” is defined in the first recital.

Guaranteed Party means, as the context may require, the Administrative Agent, the Documentation Agent, the Collateral Agent and each Lender (and each of such Person’s respective successors, transferees and assigns).