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In the event that any payment to the Guaranteed Party in respect of the Obligations is rescinded or must otherwise be returned for any reason whatsoever, the Guarantor shall remain liable hereunder with respect to its Guaranteed Percentage of the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.