Offshore Guaranty definition
Examples of Offshore Guaranty in a sentence
The Guarantor hereby ratifies, confirms, and acknowledges that its obligations under the Stone Offshore Guaranty are in full force and effect and that the Guarantor continues to unconditionally and irrevocably guarantee the full and punctual payment, when due, whether at stated maturity or earlier by acceleration or otherwise, of all of the Obligations (subject to the terms of the Stone Offshore Guaranty), as such Obligations may have been amended by this Agreement.
The Guarantor hereby acknowledges that its execution and delivery of this Agreement do not indicate or establish an approval or consent requirement by the Guarantor under the Stone Offshore Guaranty in connection with the execution and delivery of amendments, modifications or waivers to the Credit Agreement, the Notes or any of the other Credit Documents.
The liability of ACI with respect to the Tranche A1 Term Loan shall be guaranteed by O-I Australia under an Offshore Guaranty.
Each party hereto agrees, on its own behalf and on behalf of any Secured Party for which it acts hereunder, that, except with the prior written consent of the Agents, no Secured Party will accept a security interest in any property other than as provided in and contemplated by the Security Documents as in effect on the date hereof other than, with respect to the Convertible Note Agent and the Convertible Note Agent and the Convertible Note Holders, any STT Collateral or any Offshore Guaranty.
Each U.S. Subsidiary (other than a Dormant Subsidiary and any U.S. Foreign Holdco to the extent set forth in the definition thereof) has executed and delivered to the Administrative Agent a U.S. Subsidiary Guaranty; and each Offshore Subsidiary and each U.S. Foreign Holdco has duly executed and delivered to the Administrative Agent an Offshore Guaranty to the extent required by, and in accordance with, Section 6.12.
The Administrative Agent will promptly notify the Lenders of any such termination of a Designated Borrower’s status and, to the extent applicable, terminate the Offshore Guaranty with respect to such Designated Borrower and (to the extent not otherwise required to be pledged under the Loan Documents) release the Lien on the Equity Interests pledged as Collateral for Obligations of such Designated Borrwer.
The liability of ACI with respect to the Tranche A Term Loan shall be guaranteed by O-I Australia under an Offshore Guaranty.
The undersigned hereby agrees that this Counterpart may be attached to the Amended and Restated Canadian Offshore Guaranty, dated as of April 22, 2015 (as it may be from time to time amended, amended and restated, supplemented or otherwise modified, the “Guaranty”; capitalized terms used herein not otherwise defined herein shall have the meanings ascribed therein), among the Guarantors named therein and Deutsche Bank AG, New York Branch, as collateral agent for the Guarantied Parties referenced therein.
The undersigned hereby agrees that this Counterpart may be attached to the Amended and Restated Australian Offshore Guaranty, dated as of April 22, 2015 (as it may be from time to time amended, amended and restated, supplemented or otherwise modified, the “Guaranty”; capitalized terms used herein not otherwise defined herein shall have the meanings ascribed therein), among the Guarantors named therein and Deutsche Bank AG, New York Branch, as collateral agent for the Guarantied Parties referenced therein.
The Administrative Agent will promptly notify the Lenders that would be obligated to make Credit Extensions to such Designated Borrower of any such termination of a Designated Borrower’s status and, to the extent applicable, terminate the Offshore Guaranty with respect to such Designated Borrower and (to the extent not otherwise required to be pledged under the Loan Documents to secure other Obligations) release the Lien on the Equity Interests pledged to secure the Obligations of such Designated Borrower.