Minimum Payment Guaranty definition

Minimum Payment Guaranty means the Minimum Payment Guaranty (as defined in the Casino Operating Contract) that the Casino Operating Contract obligates the Company to cause to be provided to the State of Louisiana by and through the Regulating Authority, as the same may be amended, supplemented or modified from time to time, including any replacement or renewal thereof.
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Minimum Payment Guaranty shall have the meaning assigned that term in the Intercreditor Agreement.
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Minimum Payment Guaranty means the Minimum Payment Guaranty (as defined in the Casino Operating Contract) that the Casino Operating Contract obligates the Company to cause to be provided to the State of Louisiana by and through the Regulating Authority.
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Examples of Minimum Payment Guaranty in a sentence

  • The Trustee and the Holders also hereby agree that each shall not claim or assert it is a third party beneficiary or possesses any derivative claims under any Minimum Payment Guaranty or the HET/JCC Agreement.

  • The Trustee and the Holders hereby acknowledge that each Minimum Payment Guaranty and the HET/JCC Agreement provide that there shall be no third party beneficiaries thereof.

  • As a prerequisite to maintaining the effectiveness of the Casino Operating Contract, the Casino Operating Contract requires that the Company annually provide the Minimum Payment Guaranty to the Regulating Authority.

  • As a prerequisite to maintaining the effectiveness of the Casino Operating Contract, the Casino Operating Contract requires that the Company annually on each March 31 (beginning with March 31, 2003) cause to be provided a Minimum Payment Guaranty or extensions thereof extending to the third anniversary of the respective March 31.

  • This Mortgage will remain in effect until all of the Secured Obligations are fully satisfied and there is no agreement or commitment to advance any additional indebtedness or other obligations under any of (i) the Minimum Payment Guaranty Documents, including, without limitation, the HET/JCC Agreement, (ii) the Indentures, (iii) the Credit Documents, including, without limitation, the Credit Agreement, or (iv) the Shared Security Documents, including this Mortgage.

  • The Minimum Payment Guarantors have informed the Trustee on behalf of the Holders that any decision the Minimum Payment Guarantors make concerning whether to renew any Minimum Payment Guaranty or the HET/JCC Agreement will be made in the Minimum Payment Guarantors' sole discretion, acting only in their best interests.

  • The form of the Minimum Payment Guaranty shall be filed with the Bankruptcy Court as a Plan Document pursuant to Section 6.2(t) of the Plan and is attached to the Amended and Renegotiated Casino Operating Contract.

  • The HET/JCC Agreement provides that the Minimum Payment Guarantors will provide the Minimum Payment Guaranty required under the Casino Operating Contract for the Fiscal Years (as defined in the Casino Operating Contract) ending March 31, 2002, 2003, 2004 and 2005, subject to termination or non-renewal in accordance with the terms of the HET/JCC Agreement.

  • In entering into the HET/JCC Agreement, the Minimum Payment Guarantors have no obligation to provide a Minimum Payment Guaranty for the entire term of the Casino Operating Contract, but rather have agreed only to provide a Minimum Payment Guaranty for the period and on terms and conditions specified therein.

  • Minimum Payment Guarantor Lien means the Lien securing certain obligations of JCC under the HET/JCC Agreement, as well as the obligations of JCC to any successor or substitute guarantor providing the Minimum Payment Guaranty.


More Definitions of Minimum Payment Guaranty

Minimum Payment Guaranty means the guaranty that the Casino Operating Contract obligates the Company to cause to be provided to the Regulating Authority guaranteeing the Company's $100,000,000 annual minimum payment obligation to the Regulating Authority under the Casino Operating Contract.
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Minimum Payment Guaranty means the initial Minimum Payment Guaranty issued on or before the Plan Effective Date by HET and HOC, and any substitute or successor Minimum Payment Guaranty (as defined in Section 25.1 of the Casino Operating Contract) from time to time issued by HET, HOC or any other Minimum Payment Guarantor, in each case so long as (x) the respective Minimum Payment Guaranty is issued without causing a breach, violation or default under any of the provisions of the Credit Agreement (including Sections 9.11 and 10.07 thereof), or the relevant provisions of any other Secured Debt Agreement and (y) each party thereto as a Minimum Payment Guarantor becomes a party to this Agreement in accordance with the provisions of Section 21 hereof.
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Minimum Payment Guaranty shall have the meaning set forth in Section 25.1 of the Casino Operating Contract.
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Minimum Payment Guaranty has the meaning set forth in Section 25.1 - "Rolling Minimum Payment Guaranty."
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Related to Minimum Payment Guaranty

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

  • 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.

  • Guaranty of Payment means each Guaranty of Payment executed and delivered on or after the Closing Date in connection with this Agreement by the Guarantors of Payment, as the same may from time to time be amended, restated or otherwise modified.

  • Payment Agreement means a written agreement which provides

  • Guarantee Fee shall have the meaning given to that term in Section 4.1.

  • Management Guarantees means guarantees (x) of up to an aggregate principal amount outstanding at any time of $25.0 million of borrowings by Management Investors in connection with their purchase of Management Stock or (y) made on behalf of, or in respect of loans or advances made to, directors, officers, employees or consultants of any Parent, the Company or any Restricted Subsidiary (1) in respect of travel, entertainment and moving-related expenses incurred in the ordinary course of business, or (2) in the ordinary course of business and (in the case of this clause (2)) not exceeding $10.0 million in the aggregate outstanding at any time.

  • Performance Guarantee means the security to be provided by the Contractor in accordance with Sub Clause 10.1 for the due performance of the Contract.

  • Performance Guaranty means the Performance Guaranty, dated as of the Closing Date, by the Performance Guarantor in favor of the Administrative Agent for the benefit of the Secured Parties, as such agreement may be amended, restated, supplemented or otherwise modified from time to time.

  • Seller Guaranty means a guaranty of payment and performance issued by a Seller Guarantor in the form attached to this Agreement as Exhibit V or in such other form as may be acceptable to Purchaser acting reasonably.

  • Guaranty Agreement means an agreement executed by the Guarantors in substantially the form of Exhibit F-2 unconditionally guarantying on a joint and several basis, payment of the Indebtedness, as the same may be amended, modified or supplemented from time to time.

  • 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.

  • Agreement Payment means a Payment paid or payable pursuant to this Agreement.

  • Subsidiary Guaranty means the Subsidiary Guaranty made by the Subsidiary Guarantors in favor of the Administrative Agent and the Lenders, substantially in the form of Exhibit G.

  • Qualifying Affiliate Guarantee means a Qualifying Guarantee provided by a Reference Entity in respect of an Underlying Obligation of a Downstream Affiliate of that Reference Entity.

  • Completion Guaranty means the Completion Guaranty of even date herewith executed by Guarantor in favor of Lender in connection with the Capital Improvement Work and the Loan, as amended from time to time.

  • Guarantor Payment Date means (a) prior to the delivery of a Guarantor Default Notice, the date falling on the 10th day of February, May, August and November of each year or, if such day is not a Business Day, the immediately following Business Day, provided that the fist Guarantor Payment Date will be 10 February 2014; and (b) following the delivery of a Guarantor Default Notice, any day on which any payment is required to be made by the Representative of the Covered Bondholders in accordance with the Post-Enforcement Priority of Payments, the relevant Final Terms and the Intercreditor Agreement.

  • Guarantee Amount means the maximum amount payable under a guarantee which amount shall be specifically set forth in writing at the time the guarantee is entered into by the authority.

  • Swap Guarantee If so specified in the Supplement with respect to any Series, the guarantee issued by the Swap Guarantor in favor of the Trust substantially in the form attached as an exhibit to the Swap Agreement.

  • Guaranteed Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank.

  • Eligible Guarantee means an unconditional and irrevocable guarantee that is provided by a guarantor as principal debtor rather than surety and is directly enforceable by Party B, where either (A) a law firm has given a legal opinion confirming that none of the guarantor’s payments to Party B under such guarantee will be subject to withholding for Tax or (B) such guarantee provides that, in the event that any of such guarantor’s payments to Party B are subject to withholding for Tax, such guarantor is required to pay such additional amount as is necessary to ensure that the net amount actually received by Party B (free and clear of any withholding tax) will equal the full amount Party B would have received had no such withholding been required.

  • Holdings Guaranty means the Holdings Guaranty made by Holdings in favor of the Administrative Agent on behalf of the Secured Parties, substantially in the form of Exhibit F-1.