Guarantor's Debt definition

Guarantor's Debt with respect to Guarantor’s Consolidated Group, means: (i) all indebtedness, whether or not represented by bonds, debentures, notes, securities, or other evidences of indebtedness, for the repayment of money borrowed, (ii) all indebtedness representing deferred payment of the purchase price of property or assets, (iii) all indebtedness under any lease which, in conformity with GAAP, is required to be capitalized for balance sheet purposes, (iv) all indebtedness under guaranties, endorsements, assumptions, or other contingent obligations, in respect of, or to purchase or otherwise acquire, indebtedness of others, and (v) all indebtedness secured by a lien existing on property owned, subject to such lien, whether or not the indebtedness secured thereby shall have been assumed by the owner thereof.
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Guarantor's Debt means all debt, guarantees and all convertible debt issued by Guarantor, including zero coupon instruments and non-cash paying securities (such as convertibles and PIKs), but excluding preferred equity securities that are not convertible to debt, all of the above on a consolidated basis with Guarantor's subsidiaries and other Affiliates. -4- "Material Investment" as used in the definition of Conforming Plan, shall mean an investment in the stock or debt of Guarantor or of any subsidiary of Guarantor, to the extent that such debt is guaranteed by Guarantor, in the amount of at least Two Million Dollars ($2,000,000) on a cost basis. "Related Persons" shall mean, as to a specified Person, another Person related to, affiliated with or who controls, is controlled by or is under common control with such specified Person. Ratification and Acknowledgment. Tenant and Guarantor hereby acknowledge the full force and effect of, and ratify their respective obligations under, the Lease, the Guaranty, the LC Agreement and the Stock Pledge, in each case without modification or amendment. Identification of Agreement. This Agreement is the agreement referred to in clause (a) of Section 22 of the Lease as the "Memorandum of Understanding."
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Guarantor's Debt at any date means the aggregate principal amount of all Indebtedness of the Guarantor at such date in accordance with GAAP.
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Examples of Guarantor's Debt in a sentence

  • Any election of remedies which results in the denial or impairment of the right of the Administrative Agent, the Issuing Bank or any Lender to seek a deficiency judgment against Lufkin Finance shall not impair Guarantor's obligation to pay the full amount of Guarantor's Debt.

  • Within five (5) Business Days after Standard & Poor's or Moody's announces a change in Parent Guarantor's Debt Rating, notice of such change.

  • Maintain Liquidity, at all times during the term of the Credit Facility, measured quarterly, of not less than the greater of (a) (i) $15,000,000 prior to the closing of the Equity Transaction, or (ii) $20,000,000 after the closing of the Equity Transaction, or (b) the Guarantor's Debt Service for the ninety (90) day period beginning on the date of determination.

  • The Guarantors have not received any written notice of a default or event of default from any creditor with respect to the Guarantors' Debt.

  • Maintain Liquidity, at all times during the term of the Credit Facility, measured quarterly, of not less than the greater of (a) $15,000,000 or (b) the Guarantor's Debt Service for the ninety (90) day period beginning on the date of determination.


More Definitions of Guarantor's Debt

Guarantor's Debt means all debt, guarantees and all convertible debt issued by Guarantor, including zero coupon instruments and non-cash paying securities (such as convertibles and PIKs), but excluding preferred equity securities that are not convertible to debt, all of the above on a consolidated basis with Guarantor's subsidiaries and other Affiliates. -4- “Material Investment” as used in the definition of Conforming Plan, shall mean an investment in the stock or debt of Guarantor or of any subsidiary of Guarantor, to the extent that such debt is guaranteed by Guarantor, in the amount of at least Two Million Dollars ($2,000,000) on a cost basis. “Related Persons” shall mean, as to a specified Person, another Person related to, affiliated with or who controls, is controlled by or is under common control with such specified Person.
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Guarantor's Debt means all debt, guarantees and all convertible debt issued by Guarantor, including zero coupon instruments and non-cash paying securities (such as convertibles and PIKs), but excluding preferred equity securities that are not convertible to debt, all of the above on a consolidated basis with Guarantor's subsidiaries and other Affiliates.
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Related to Guarantor's Debt

  • Guarantor Payment as defined in Section 5.11.3.

  • Guarantors means each of:

  • Canadian Subsidiary Guarantor each Canadian Subsidiary of any Canadian Borrower which executes and delivers the Canadian Guarantee and Collateral Agreement, in each case, unless and until such time as the respective Canadian Subsidiary Guarantor ceases to constitute a Canadian Subsidiary of the Parent Borrower or is released from all of its obligations under the Canadian Guarantee and Collateral Agreement in accordance with the terms and provisions thereof.

  • Guarantor means: .............................................................................................................................................

  • U.S. Subsidiary Guarantors means (a) each Domestic Subsidiary (other than an Unrestricted Subsidiary) on the Closing Date and (b) each Domestic Subsidiary that becomes a party to the Guarantee after the Closing Date pursuant to Section 9.11.