Partner Guarantors definition
Examples of Partner Guarantors in a sentence
The REIT and the Partnership make no representation to any Protected Partner or Partner Guarantors regarding the tax consequences to such partners of the Transaction or any other transactions contemplated herein including whether becoming a Partner Guarantor or entering into a DRO shall be respected for federal income tax purposes as causing such partner to be considered to “bear the economic risk of loss” with respect to indebtedness for purposes of Section 752 or Section 465 of the Code.
Additional General Partner Guarantors or Co-Borrowers 53 Section 6.01.
In order for an offer by the Partnership of an opportunity to guarantee indebtedness to satisfy the requirements of this Article 3, (1) the indebtedness to be guaranteed must satisfy all of the conditions set forth in this Section 3.2 (indebtedness satisfying all such conditions is referred to as “Qualified Guarantee Indebtedness”); (2) the guarantee by the Partner Guarantors must be pursuant to a guarantee agreement in form and substance agreeable to the Partnership, the REIT and ▇▇▇▇▇ ▇.
Schedule 8 hereto sets forth, as of the date hereof, the amount of all Guaranteed Debt and each SCR Partner Guarantor's share of the Guaranteed Amount with respect to each Guaranteed Debt.
Either in connection with the Merger or in connection with prior debt financings undertaken by SCR, the SCR Partner Guarantors have entered into those certain guarantee agreements whereby the SCR Partner Guarantors have guaranteed the Guaranteed Debt in an aggregate amount equal to the Guaranteed Amount.
The parties hereby agree and acknowledge that after the date hereof, Loral may but shall not be required to, prior to the Distribution, and Loral SpaceCom may but shall not be required to, on and after the Distribution, direct Globalstar to pay over to the Additional Partner Guarantors such portion of the Guarantee Fee on such terms and conditions as the parties shall determine.
No such termination shall impair such Partner Guarantor's obligations under Section 2.2 hereof with respect to Guarantee Fees already paid.
At such time as Vornado OP has satisfied all of its obligations to all SCR Partner Guarantors under Seciton 3(b) above, this Article 4 shall cease to have any application.
Schedule 2.1(a) List of Protected Partners Schedule 2.1(b) Protected Properties and Estimated Initial Protected Gain for Protected Partners Schedule 3.1 Minimum Liability Amount Schedule 3.2 Partner Guarantors and Guaranteed Debt Exhibit D ACTIVE 202923160v.13 [▇▇▇▇▇ ▇.
The fair market value of all TWE Beneficial Assets held by Persons other than TWE Partner Guarantors does not exceed $100.0 million in the aggregate.