Guarantor Payment definition

Guarantor Payment as defined in Section 5.11.3.

Guarantor Payment has the meaning specified in Section 2.15(c).

Guarantor Payment has the meaning set forth in Section 9.7(a).

Examples of Guarantor Payment in a sentence

• The Company shall use the proceeds of any Guarantor Payment solely to pay amounts due or payable under the Loan.

• Notwithstanding anything herein or in the Securities to the contrary, (x) in no event shall a Guarantor Blockage Period extend beyond 179 days from the date the Guarantor Payment Blockage Notice in respect thereof was given, (y) there shall be a period of at least 181 consecutive days in each 360-day period when no Guarantor Blockage Period is in effect and (z) not more than one Guarantor Blockage Period may be commenced with respect to any Guarantor during any period of 360 consecutive days.

• Notwithstanding anything herein to the contrary, (x) in no event will a Guarantor Payment Blockage Period or successive Guarantor Payment Blockage Periods with respect to the same payment on a Guarantee extend beyond 180 days from the date the payment on a Guarantee was due and (y) only one such Guarantor Payment Blockage Period may be commenced within any 360 consecutive days.

• In no event may the total number of days during which any Guarantor Payment Blockage Period is in effect extend beyond 179 days from the date of receipt by the Trustee of the relevant Guarantor Blockage Notice, and there must be a 181 consecutive day period during any 360 consecutive day period during which no Guarantor Payment Blockage Period is in effect.

• Interest will continue to accrue and be payable on the unpaid amount in accordance with Condition 8 (Redemption and Purchase) and the Guarantor will pay Guaranteed Amounts, constituting interest due on each Guarantor Payment Date and on the Extended Maturity Date.

More Definitions of Guarantor Payment

Guarantor Payment has the meaning assigned to such term in Section 10.11(a).

Guarantor Payment. Any payment made by the Guarantor in respect of a Guaranteed Interest Distribution Amount or a Guaranteed Principal Distribution Amount.

Guarantor Payment has the meaning given such term in Section 5.7(c)(ii).

Guarantor Payment as defined in Section 2.11(a).

Guarantor Payment. Any payment made by the Guarantor in respect of a Deficiency Amount.

Guarantor Payment as defined in Section 5.11.3(b). Guarantors: Parent, CAIH, CAIC, CLL and each other Person who guarantees payment or performance of any Obligations.

Guarantor Payment has the meaning set forth in Section 5.10.3(b).