Guarantor Coverage definition

Guarantor Coverage has the meaning given to it in Clause 29.32 (Guarantors).
View Source

Examples of Guarantor Coverage in a sentence

  • The Issuer shall designate one or more Excluded Subsidiaries as Guarantors pursuant to a supplemental indenture to this Indenture in order to ensure compliance with the Minimum Guarantor Coverage at all times.

  • The Company shall procure that any other member of the Guarantor Coverage Group which is a Material Subsidiary and any Excluded Subsidiary which is required to accede as an Additional Guarantor pursuant to the Additional Companies Test shall as soon as possible after becoming a Material Subsidiary or being so required, as the case may be, become an Additional Guarantor and shall accede to the Intercreditor Agreement.

  • As of the last day of each fiscal quarter of Holdings that occurs during a Trigger Period, Holdings shall maintain a Guarantor Coverage Ratio that is equal to or greater than 2.50 to 1.00.

  • Such Guarantor shall be released from such Guaranty to the extent that the Borrower shall be in pro forma compliance with the Guarantor Coverage Test (for the avoidance of doubt such test measured as of the most recent Fiscal Quarter (versus Fiscal Year) ended prior to the date of such notice) after giving effect to the release of such Guarantor from the Guaranty, with such notice to contain a certification from the Borrower of such pro forma compliance.

  • For purposes of Section 8.10 with regard to the Guarantor Coverage Test and Section 9.13, amounts in currencies other than Dollars shall be translated into Dollars at the currency exchange rates used in preparing the most recently delivered financial statements pursuant to Section 8.01(a), (b) or (c) (as applicable).

  • For purposes of any determination (other than under Section 8.10 with regard to the Guarantor Coverage Test and Section 9.13) all amounts incurred, outstanding or proposed to be incurred or outstanding in currencies other than Dollars shall be translated into Dollars at the Exchange Rate (rounded to the nearest currency unit, with 0.5 or more of a currency unit being rounded upward).

  • The Issuer shall, within sixty (60) days from the delivery of the Compliance Certificate delivered in connection with the Group’s annual audited consolidated financial statements, ensure that that the Guarantor Coverage Ratios are at least eighty (80) per cent.

  • The Parent Guarantor and the other Obligors shall comply with the Minimum Guarantor Coverage at all times.

  • In the event any additional Guarantors are required to be joined pursuant to clause (b) above that have not been joined prior to the relevant Guarantor Coverage Certification Date, GBT shall use commercially reasonable efforts to identify the proposed additional Guarantor(s) in the relevant Compliance Certificate.

  • Guarantor Coverage Requirements....................................................

Related to Guarantor Coverage

  • Guarantor Collateral all of the property (tangible or intangible) purported to be subject to the lien or security interest purported to be created by any mortgage, deed of trust, security agreement, pledge agreement, assignment or other security document heretofore or hereafter executed by any Guarantor as security for all or part of the Obligations or the Guarantees.

  • Primary Coverage The CONTRACTOR’s insurance shall be primary insurance as respects TOWN and any insurance maintained by TOWN shall be excess of the CONSULTANT’s insurance and shall not contribute to it. Claim Reporting: Any failure to comply with the claim reporting provisions of the policies or any breach of a policy warranty shall not affect coverage afforded under the policy to protect the TOWN.

  • Issuer Covered Person shall have the meaning ascribed to such term in Section 3.1(oo).

  • Guaranteed automobile protection insurance means insurance offered in

  • Guarantor Payment as defined in Section 5.11.3.