Guaranteed Percentage definition

Guaranteed Percentage means 11.23%, and “Maximum Amount” shall mean (A) US$7,825,179, less (B) the amount equal to the product of (I) any amount actually paid by or on behalf of Parent to the Guaranteed Party in respect of the Obligations, multiplied by (II) the Guaranteed Percentage.

Guaranteed Percentage means with respect to any Supplemental Guarantor, the percentage of the Obligations of TWE being guaranteed by such Supplemental Guarantor, with the Guaranteed Percentage of each Supplemental Guarantor being as follows: Warner Communications Inc.: 59.27%; American Television and Communications Corporation: 40.73%; provided that the Guaranteed Percentage of any Supplemental Guarantor may be changed by TWE from time to time by written notice to the Administrative Agent in connection with the merger or consolidation of such Supplemental Guarantor; provided further that at all times the sum of the Guaranteed Percentages of all Supplemental Guarantors shall equal 100%.

Guaranteed Percentage means the percentage set out in Section 2.01(a). “Holders” has the meaning set forth in the introductory paragraph hereof. “Loan Agreement” has the meaning set forth in the recitals hereof.

Examples of Guaranteed Percentage in a sentence

• The Guaranteed Party further acknowledges that in the event that Parent has satisfied a portion but not all of the Obligations, payment of the Guaranteed Percentage of the unsatisfied Obligations by the Guarantor (or by any other person, including Parent or Merger Sub, on behalf of the Guarantor) shall constitute satisfaction in full of the Guarantor’s obligation to the Guaranteed Party with respect thereto.

• In the event that any payment to the Guaranteed Party in respect of the Obligations is rescinded or must otherwise be returned for any reason whatsoever, the Guarantor shall remain liable hereunder with respect to its Guaranteed Percentage of the Obligations (subject to the Cap) as if such payment had not been made by the Guarantor.

• For value received, the Bank hereby assigns to DOT, without recourse, all of its right, title and interest in and to the principal of and interest on the Loan and under the Loan Agreement and each Note in respect thereof, to the extent, and only to the extent, of the Bank’s Guaranteed Percentage of the Loan represented by DOT’s pro rata share of the default amount, not to exceed the Guarantee Amount, paid by DOT to the Bank.

• If there is no Defaulting Party, all of the Guarantors shall share the Total Termination Fee and Expenses pro rata based on their respective Guaranteed Percentage (as defined in such Guarantor’s Limited Guarantee).

• The amount payable by DOE under this Section 2.03 shall include interest on the Guaranteed Percentage of the returned amount, accrued at the Guaranteed Interest Rate from the date returned to the Borrower to but excluding the date of actual payment thereof by DOE to the Administrative Agent for the benefit of the Holders.

More Definitions of Guaranteed Percentage

Guaranteed Percentage is defined in Section 4.1.2(a).

Guaranteed Percentage means, with respect to any Member Guarantee, the percentage determined by the following calculation: (A) the maximum principal amount guaranteed thereunder (as determined in accordance with Section 4.1.2(a)(1)), divided by (B) the aggregate committed principal amount of the corresponding Member Guaranteed Financing.

Guaranteed Percentage means (a) with respect to any TWE Partner Guarantor, the percentage of the Obligations of TWE hereunder being guaranteed by such TWE Partner Guarantor, with the Guaranteed Percentage of each TWE Partner Guarantor being as follows: Warner Communications Inc.: 59.27%; American Television and Communications Corporation: 40.73%; provided that the Guaranteed Percentage of any TWE Partner Guarantor may be changed by TWE from time to time by written notice to the Administrative Agent in connection with the merger or consolidation of such TWE Partner Guarantor; provided further that at all times the sum of the Guaranteed Percentages of all TWE Partner Guarantors shall equal 100% and (b) with respect to any Paragon Partner Guarantor, the percentage of the obligations of Paragon pursuant to the Paragon Guarantee being guaranteed by such Paragon Partner Guarantor, with the Guaranteed Percentage of each Paragon Partner Guarantor being the percentage specified for such Paragon Partner Guarantor opposite its name on Schedule 1 to the Paragon Partner Guarantee; provided that the Guaranteed Percentage of any Paragon Partner Guarantor may be changed by TWEAN from time to time by written notice to the Administrative Agent in connection with the merger or consolidation of such Paragon Partner Guarantor; provided further that at all times the sum of the Guaranteed Percentages of all Paragon Partner Guarantors shall equal 100%.

Guaranteed Percentage means, with respect to each Guarantor, the percentage set forth opposite its name on Schedule 1 hereto.

Guaranteed Percentage as used in this Paragraph 1 shall be fifty percent (50%). In no event shall the Guaranteed Amount be reduced as a result of (i) principal payments made by Borrower, Guarantor or any other party with respect to the Facility Indebtedness unless and until (A) the Facility has been fully disbursed, (B) Phases I and II of the Project have been Substantially Completed, (C) unless the Borrower has properly elected not to construct the Phase III Retail Unit in accordance with Section 2.8 of the Loan Agreement, Phase III Substantial Completion has been achieved and (D) such principal payments have caused the remaining Outstanding Loan Amount to be less than the then-current Guaranteed Amount; or (ii) Administrative Agent’s foreclosure or acceptance of a deed in lieu of foreclosure with respect to any collateral securing the Indebtedness; or (iii) the payment to Administrative Agent by Guarantor of any amount pursuant to and under that certain Non-Recourse Exception Guaranty Agreement of even date herewith made by Guarantor, in favor of Administrative Agent, that certain Completion and Payment Guaranty of even date herewith made by Guarantor in favor of Administrative Agent or that certain Environmental Indemnity Agreement of even date herewith made by Guarantor and Borrower in favor of Administrative Agent. Guarantor’s obligations shall not be affected, impaired, lessened or released by loans, credits or other financial accommodations now existing or hereafter advanced by Administrative Agent or any Lender to Borrower in excess of the Guaranteed Amount”; and

Guaranteed Percentage means the guaranteed percentage of an SBA 7(a) Loan as set forth with respect to such Loan in §1.2 of the Disclosure Schedule, which may be adjusted from time to time only by action of SBA.

Guaranteed Percentage as set out in such Limited Guaranty shall be correspondingly increased in connection with such increase in the amount of Parent Termination Fee.