Guarantor Debt definition

Guarantor Debt means Guarantor Senior Debt and Guarantor Subordinated Debt.

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Guarantor Debt means, as reported in the Guarantor’s quarterly financial reports, an amount equal to the sum of Guarantor’s (a) short-term debt, (b) current portion of long-term debt, (c) long-term debt and (d) contract derivatives.

Guarantor Debt any indebtedness of Borrower now or hereafter owed to Guarantor.

Examples of Guarantor Debt in a sentence

At no time shall interest on Guarantor Debt be paid more frequently than once per month nor principal more frequently than annually.
Any Guarantor Debt is hereby subordinated to all indebtedness of Borrower to Creditor and, in the event of any default in any documents evidencing the Guaranteed Indebtedness of Borrower to Creditor, Guarantor acknowledges that Borrower shall be obligated to suspend all payments to Guarantor of Guarantor Debt until such time as the default has been cured or the Guaranteed Indebtedness fully repaid.
Any such note now or hereafter evidencing Guarantor Debt shall be marked with a legend that the same is subject to this Agreement and, if Creditor so requests, shall be delivered to Creditor.
Any Guarantor Debt is assigned to Creditor as security for this guaranty and the Guaranteed Indebtedness and if Creditor requests shall be collected and received by Guarantor as trustee for Creditor and to be paid over to Creditor on account of the Guaranteed Indebtedness, but without reducing or affecting in any manner the liability of Guarantor under the other provisions of this guaranty.

More Definitions of Guarantor Debt

Guarantor Debt means with respect to Guarantor, whether recourse is to all or a portion of the assets of Guarantor and whether or not contingent, (i) every obligation of Guarantor for money borrowed; (ii) every obligation of Guarantor evidenced by bonds, debentures, notes or other similar instruments, including obligations incurred in connection with the acquisition of property, assets or businesses; (iii) every reimbursement obligation of Guarantor with respect to letters of credit, bankers' acceptances or similar facilities issued for the account of Guarantor; (iv) every obligation of Guarantor issued or assumed as the deferred purchase price of property or services (but excluding trade accounts payable or accrued liabilities arising in the ordinary course of business); (v) every capital lease obligation of Guarantor; (vi) all indebtedness of Guarantor whether incurred on or prior to the date of this Guarantee or thereafter incurred, for claims in respect of derivative products, including interest rate, foreign exchange rate and commodity forward contracts, options and swaps and similar arrangements; and (vii) every obligation of the type referred to in clauses (i) through (vi) of another Person and all dividends of another Person the payment of which, in either case, Guarantor has guaranteed or is responsible or liable for, directly or indirectly, as obligor or otherwise.

Guarantor Debt means all obligations of any kind of the Company guaranteed by any of the Guarantors or any of the Sellers.

Guarantor Debt means all loans, advances and other Indebtedness owed by any Guarantor to any Subsidiary of the Borrower.

Guarantor Debt means any indebtedness of ITC outstanding on the date hereof or hereafter created, incurred or assumed for borrowed money or any guarantee of any indebtedness for borrowed money by ITC or which is in effect guaranteed by ITC through an agreement to purchase such indebtedness, through an agreement to make payments to the lender in order to pay such indebtedness or through a similar arrangement or any contingent or matured obligations of ITC in respect of letters of credit, including, without limitation, any obligation to reimburse the payor for payments made under a letter of credit or to deposit or pay an amount to a payor equal to all or part of payments to be made under a letter of credit.