Keep Well Agreements definition

Keep Well Agreements mean the keep well agreement dated 28 August 2007 between the Issuer and PT and the keep well agreement dated 28 August 2007 between the Issuer and PTC, and “Keep Well Agreement” means either one of them as the context may require.

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Keep Well Agreements means each of that certain Keep Well Agreement, dated September 29, 2020 (as amended), between Southwestern Bell and Southwest Supply and that certain Keep Well Agreement, dated September 29, 2020 between BellSouth Telecommunications, LLC and AT&T Southeast Supply, LLC, and such additional Keep Well Agreements, substantially in the form of Exhibit C attached hereto, as may be entered into by a Keep Well Parent and a Borrower in connection with any Secured Notes contributed to the Company from time to time.

Keep Well Agreements means the agreement dated 7th November, 2006 between PT and the Issuer and the agreement dated 7th November, 2006 between PTC and the Issuer respectively (each agreement as amended and/or supplemented and/or restated from time to time, a “Keep Well Agreement”) whereby each Keep Well Provider has undertaken certain obligations in favour of the Issuer as more particularly described in the Offering Circular;

Examples of Keep Well Agreements in a sentence

• Each of the Trustee, PTIF, PT and PTC hereby agrees that with effect from the Effective Time both Keep Well Agreements shall be terminated and, accordingly, each of PT and PTC, as applicable, shall be unconditionally released and discharged from their respective obligations as Keep Well Providers under the Keep Well Agreements.

• No Noteholder, Receiptholder or Couponholder shall be entitled (A) to proceed directly against the Issuer unless the Trustee, having become bound so to do, fails so to do within a reasonable period and such failure shall be continuing, or (B) to take proceedings to enforce the provisions of the Keep Well Agreements.

• A conformed copy of each Agreement and confirmation that executed copies of such documents have been delivered, in the case of the Trust Deed, to the Trustee and, in the case of the Agency Agreement, to the Trustee and the Principal Paying Agent (for itself and the other agents party thereto) and, in the case of the Keep Well Agreements and the Deed Poll, to the Principal Paying Agent.

• Section 6.8 (Borrowings), Section 6.12 (Acquisitions) and Section 6.13 (Keep Well Agreements) of the Credit Agreement are hereby deleted in their entirety.

More Definitions of Keep Well Agreements

Keep Well Agreements means the PT Keep Well Agreement and the PTC Keep Well Agreement and “Keep Well Agreement” means either of them;

Keep Well Agreements means (a) the Net Worth Maintenance Agreement between the Parent, SALIC and Scottish Dublin dated as of January 1, 2002, (b) the Net Worth Maintenance Agreement restated as of February 1, 2002 among SALIC and Scottish US, (c) the Guarantee dated as of January 1, 2002 among the Parent, SALIC and Scottish UK, (d) from and after the date the ING Reinsurance Agreements are issued, the Newco Keep Well Agreement and the Scottish Life Keep Well Agreement and (e) similar net worth maintenance agreements entered into by the Parent or any of its subsidiaries in favor of a wholly-owned Insurance Subsidiary which are required by the Governmental Authority regulating such Insurance Subsidiary provided such agreements are no more onerous than the Keep Well Agreement described in clause (b) above.

Keep Well Agreements means (a) the Net Worth Maintenance Agreement between the Parent, SALIC and the Borrower dated as of January 1, 2002, (b) the Net Worth Maintenance Agreement restated as of February 1, 2002 among SALIC and Scottish US, (c) the Guarantee dated as of January 1, 2002 among the Parent, SALIC and Scottish Re Limited, (d) the Scottish Life Keep Well Agreement, (e) the Scottish Bermuda Keep Well Agreement and (f) similar net worth maintenance agreements entered into by the Parent or any of its subsidiaries in favor of a wholly-owned Insurance Subsidiary which are required by the Governmental Authority regulating such Insurance Subsidiary provided such agreements are no more onerous than the Keep Well Agreement described in clause (b) above.

Keep Well Agreements means (a) the Net Worth Maintenance Agreement between the Parent, SALIC and SRD dated as of January 1, 2002, (b) the Net Worth Maintenance Agreement restated as of February 1, 2002 among SALIC and SRE, (c) the Guarantee dated as of January 1, 2002 among the Parent, SALIC and SRL, (d) the Net Worth Maintenance Agreement between the Parent, SALIC and Scottish Re Life Corporation, a Delaware corporation, dated as of January 1, 2004, (e) the Net Worth Maintenance Agreement between SALIC and Scottish Re Life (Bermuda) Limited, a company formed under the laws of Bermuda, dated as of December 31, 2004, and (f) similar net worth maintenance agreements entered into by the Parent or any of its Subsidiaries in favor of a wholly-owned Insurance Subsidiary which are required by the Governmental Authority regulating such Insurance Subsidiary or by a rating agency rating the financial strength of such Insurance Subsidiary, provided such agreements are no more onerous than the Keep Well Agreement described in clause (b) above.