Nexstar Guaranty of Mission Obligations definition

Nexstar Guaranty of Mission Obligations means the Third Restated Guaranty (Mission Obligations), dated as of the Closing Date, in form and substance substantially similar to the Second Restated Guaranty (Mission Obligations) in existence immediately prior to the Closing Date with such changes agreed to by the Nexstar Borrower and the Administrative Agent, executed and delivered by the Nexstar Entities in favor of the Lenders, whereby the Nexstar Entities guarantee the Obligations.
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Nexstar Guaranty of Mission Obligations means that certain First Restated Guaranty Agreement, dated as December 30, 2003, executed and delivered by the Nexstar Entities in favor of the Lenders, whereby the Nexstar Entities guaranty the obligations of the Mission Entities under the Loan Documents.
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Examples of Nexstar Guaranty of Mission Obligations in a sentence

  • The Nexstar Guaranty of Mission Obligations is effective to bind the Nexstar Entities to an unconditional guarantee of the Mission Obligations and is a legal, valid and binding obligation of the Nexstar Entities, enforceable against each such Nexstar Entity in accordance with its terms, except as such enforceability may be limited by Debtor Relief Laws and by general principles of equity.

  • The Parent Guarantors engage in no business activities (other than as contemplated by this Agreement), and have (a) no significant assets other than debt and equity securities of their respective Subsidiaries or (b) liabilities other than (i) those liabilities permitted under this Agreement and the other Loan Documents to which they are each respectively a party, (ii) the Nexstar Guaranty of Mission Obligations, and (iii) liabilities for the payment of taxes.

Related to Nexstar Guaranty of Mission Obligations

  • Guaranty Obligations means, with respect to any Person, without duplication, any obligations of such Person (other than endorsements in the ordinary course of business of negotiable instruments for deposit or collection) guaranteeing or intended to guarantee any Indebtedness of any other Person in any manner, whether direct or indirect, and including without limitation any obligation, whether or not contingent, (i) to purchase any such Indebtedness or any Property constituting security therefor, (ii) to advance or provide funds or other support for the payment or purchase of any such Indebtedness or to maintain working capital, solvency or other balance sheet condition of such other Person (including without limitation keep well agreements, maintenance agreements, comfort letters or similar agreements or arrangements) for the benefit of any holder of Indebtedness of such other Person, (iii) to lease or purchase Property, securities or services primarily for the purpose of assuring the holder of such Indebtedness, or (iv) to otherwise assure or hold harmless the holder of such Indebtedness against loss in respect thereof. The amount of any Guaranty Obligation hereunder shall (subject to any limitations set forth therein) be deemed to be an amount equal to the outstanding principal amount (or maximum principal amount, if larger) of the Indebtedness in respect of which such Guaranty Obligation is made.

  • Seller Guaranty has the meaning set forth in Section 3.01.

  • Guaranty Obligation has the meaning specified in the definition of "Contingent Obligation."

  • 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.

  • VA Loan Guaranty Agreement means the obligation of the United States to pay a specific percentage of a Mortgage Loan (subject to a maximum amount) upon default of the Mortgagor pursuant to the Servicemen’s Readjustment Act, as amended.