IRET Guarantors definition

IRET Guarantors means, jointly and severally, IRET Properties and IRET, Inc.
Sample 1

Examples of IRET Guarantors in a sentence

  • Borrower will not, at any time create, incur, assume or suffer to exist any Indebtedness, except (a) Indebtedness under the Loan Documents; and/or (b) Indebtedness of Borrower in favor of an Affiliate (including, without limitation, Indebtedness of Borrower in favor of IRET Guarantors as contemplated by Section 4.27 of this Agreement), provided it is subordinated to the Obligations pursuant to an intercompany subordination agreement in form and substance satisfactory to Agent.

  • However, the authorised officer may extend the compliance period only if the period has not ended.

  • Agent acknowledges and agrees that any such deficiency may be funded by an unsecured loan from IRET Guarantors to the Borrower, which unsecured loan shall be evidenced by loan documentation acceptable to Agent in its sole discretion and will be subordinate to the Loan pursuant to a subordination agreement acceptable to Agent in its sole discretion.

  • IRET Guarantors or an Affiliate thereof shall at all times during the term of the Loan own at least 50.5 percent of the membership interests in Borrower.

Related to IRET Guarantors

  • Parent Guarantors means the Company, Holdings I, Holdings II, Holdings III, Holdings IV and Holdings V.

  • Guarantors means each of:

  • Subsidiary Guarantors means each direct or indirect Domestic Subsidiary that is a Restricted Subsidiary in existence on the Closing Date or that becomes a party to the Subsidiary Guaranty Agreement pursuant to Section 8.11.

  • Parent Guarantor has the meaning specified in the recital of parties to this Agreement.

  • Original Guarantors shall have the meaning assigned to such term in the Preamble hereof.

  • U.S. Guarantors means and include each U.S. Borrower (in its capacity as a guarantor under the U.S. Guaranty) and each U.S. Subsidiary Guarantor.

  • Foreign Guarantors means and includes each Foreign Borrower and each Foreign Subsidiary Guarantor.

  • Initial Guarantors shall have the meaning set forth in the preamble.

  • Canadian Guarantors means (i) each Canadian Borrower in its capacity as a guarantor under the Canadian Borrowers/Subsidiaries Guarantee and (ii) each other Canadian Subsidiary of Silgan.

  • Additional Guarantors shall have the meaning assigned to such term in the Preamble hereof.

  • U.S. Subsidiary Guarantor means each U.S. Subsidiary which has executed and delivered to the U.S. Administrative Agent the U.S. Subsidiary Guaranty (or a supplement thereto).

  • Significant Guarantor means any guaranty agency that guarantees trust student loans comprising at least 10% of the Pool Balance of the trust student loans by outstanding principal balance as of the statistical disclosure date.

  • Parent Guaranty means the guaranty of the Parent pursuant to Section 15.

  • 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 Subsidiaries has the meaning set forth in the Recitals to this Agreement.

  • Corporate Guarantor means Navios Maritime Holdings Inc., a company incorporated in the Xxxxxxxx Islands and having its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Xxxxxxxx Xxxxxxx, XX00000;

  • Co-Issuers The Issuer and the Co-Issuer.

  • L/C Issuers means (i) Bank of America, (ii) any other Lender in its capacity as issuer of Letters of Credit hereunder who has been selected by GFI and who has agreed to be an L/C Issuer hereunder in accordance with the terms hereof and (iii) any successor issuer of Letters of Credit hereunder appointed in accordance with the terms hereof, and “L/C Issuer” means any one of them.

  • Non-Guarantor Subsidiaries means, as of any date of determination, a collective reference to:

  • Parent Guarantee means the guarantee by Parent Guarantor of the obligations of the Issuer under this Indenture and the Securities in accordance with the provisions of this Indenture.

  • Additional Subsidiary Guarantor means each Person that becomes a Subsidiary Guarantor after the Closing Date by execution of an Accession Agreement as provided in Section 6.12.

  • Security Parties means each Borrower, each Guarantor, each Chargor, and any other person (other than a Manager or Charterer) who may at any time during the Facility Period be liable for, or provide security for, all or any part of the Indebtedness, and "Security Party" means any one of them.

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

  • Borrower Parties means the collective reference to the Borrower and its Restricted Subsidiaries, and “Borrower Party” means any one of them.

  • Credit Parties means the Borrower and the Guarantors.

  • Subsidiary Guaranty Agreement means each unconditional guaranty agreement executed by the Subsidiary Guarantors in favor of the Administrative Agent for the ratable benefit of the Secured Parties, substantially in the form of Exhibit H, as amended, restated, supplemented or otherwise modified from time to time.