Guarantor Portion definition
Guarantor Portion means (a) at any time when the Olin Guarantee is no longer in full force and effect, 100% or (b) Olin or any person acting on behalf of Olin shall be contesting the validity, binding nature or enforceability of the Olin Guarantee, 100%, provided that, if the foregoing occurs after a Default or an Event of Default has occurred, 50%, or (c) after the occurrence of a Bankruptcy Event in respect of Olin, 100%, or (d) if an Issuer Affiliate acquires all of the outstanding Series G Notes or the Series G Notes are prepaid or repaid in full, in each case together with all Miscellaneous Issuer Obligations that the Guarantor would have been obligated to pay as of the date of such purchase or payment, 0%, and (e) at any time when none of the preceding clauses of this definition shall be applicable, 50%.
Guarantor Portion means (a) at any time when the Geon Guarantee is ----------------- - no longer in full force and effect, or Geon or any person acting on behalf of Geon shall be contesting the validity, binding nature or enforceability of the Geon Guarantee, 100%, provided that, if the foregoing occurs after a Default or ------------- an Event of Default has occurred, 50%, or (b) after the occurrence of a - Bankruptcy Event in respect of Geon, 100%, or (c) if an Issuer Affiliate - acquires all of the outstanding Series 0 Notes or the Series 0 Notes are prepaid or repaid in full, in each case together with all Miscellaneous Issuer Obligations that the Guarantor would have been obligated to pay as of the date of such purchase or payment, 0%, and (d) at any time when - neither clause (a) nor clause (b) nor clause (c) of this definition shall be applicable, 50%.