Litigation Guarantee definition

Litigation Guarantee means the guarantee dated as of October 24, 1997 Date given by Pegasus to GECC, pursuant to which Pegasus has agreed to provide the Company with financing for a judgment, appeal bond or settlement in connection with the litigation pending with the United States District Court for the Eastern District of Michigan known as Code Alarm, Inc. v. Electromotive Technology Corporation, case number 87-CV-74022-DT.
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Examples of Litigation Guarantee in a sentence

  • The Administrative Agent shall not consent to any waiver, amendment or modification or any IP Litigation Guarantee without the prior written consent of the Required Lenders, except as necessary to cure any ambiguities or defects in any IP Litigation Guarantee.

  • In the case of a Litigation Guarantee for $50,000, the fee will be $200.

  • The Administrative Agent is authorized to determine whether a Joltid Litigation Resolution Event (as defined in each such IP Litigation Guarantee) has occurred based upon evidence reasonably satisfactory to the Administrative Agent and, upon such determination, to confirm to each IP Litigation Guarantor the occurrence of the Joltid Litigation Resolution Event and the release of the Guarantees under the IP Litigation Guarantees in connection therewith.

  • Within thirty-six (36) months from date of Litigation Guarantee or Preliminary Report: If the policy of title insurance is issued within thirty-six (36) months County seventy percent (70%) of current posted basic insurance rate applicable in the the charge shall be (as shown on Exhibit "B" which is by reference incorporated herein and made a part hereof), less a credit of one half the amount paid for the Litigation Guarantee, not inclusive of any fees for Continuation Guarantees.

  • Chain of Title Report Issue Chain of Title going back 30 years Chain of Title Report Issue Chain of Title going back beyond 30 years Litigation Guarantee Issue litigation guarantee.

Related to Litigation Guarantee

  • CONSTRUCTION GUARANTEE means a guarantee at call obtained by the contractor from an institution approved by the employer in terms of the employer's construction guarantee form as selected in the schedule

  • Canadian Guarantee means the Canadian Guarantee Agreement, made by each of the Canadian Guarantors in favor of the Canadian Administrative Agent for the benefit of the Lenders to the Canadian Borrower, substantially in the form of Exhibit A-1, as the same may be amended, supplemented or otherwise modified from time to time.

  • Guaranty means, with respect to any Person, any obligation (except the endorsement in the ordinary course of business of negotiable instruments for deposit or collection) of such Person guaranteeing or in effect guaranteeing any indebtedness, dividend or other obligation of any other Person in any manner, whether directly or indirectly, including (without limitation) obligations incurred through an agreement, contingent or otherwise, by such Person:

  • Obligation Guaranty means any Guarantee of all or any portion of the Secured Obligations executed and delivered to the Administrative Agent for the benefit of the Secured Parties by a guarantor who is not a Loan Party.

  • Limited Guarantee means a Guarantee by a Person organized other than in the United States and Canada, the amount of which is limited in order to comply with applicable requirements of law in the jurisdiction of organization of the applicable Person with respect to the enforceability of such Guarantee.