PLC Guarantee definition

PLC Guarantee means that certain letter agreement, originally dated as of April 23, 2010 and as amended and restated as of the Amendment Closing Date, between PLC and the Issuing Lender.
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PLC Guarantee has the meaning given in clause 18; Praxair has the meaning given at the beginning of this Agreement;
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PLC Guarantee shall have the meaning given to it in Section 9.12(c).
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Examples of PLC Guarantee in a sentence

  • PLC hereby unconditionally and irrevocably guarantees as of the completion of the Business Combination to Purchaser by means of an independent guarantee promise the full, due and timely performance and observance of any and all obligations of Seller and Local Sellers under this Agreement or the Transaction Documents (each, a "Guaranteed Obligation" and together, the "Guaranteed Obligations") ("PLC Guarantee").

  • The PLC Guarantee shall not be affected by any act, omission, matter or thing which, but for this clause 18, would reduce, release or prejudice any of the Guaranteed Obligations under this clause 18 (without limitation and whether or not known to it or Purchaser).

  • This PLC Guarantee may only be enforced against PLC or its successors or permitted assigns.

  • No officer, director, owner, employee or Affiliate of PLC, whether past, present or future, shall have any liability or obligation with respect to this PLC Guarantee or with respect to any claim or cause of action (whether in contract or tort) that may arise out of or relate to this PLC Guarantee.

  • PLC hereby unconditionally and irrevocably guarantees as of the completion of the BCA to Purchaser by means of an independent guarantee promise the full, due and timely performance of any obligations of Sellers under this Agreement and the Transaction Documents ("PLC Guarantee").

  • Purchaser may, as between the Parties without effecting the validity of any payment request, call upon the PLC Guarantee if the due date for a respective Sellers' obligation has passed for more than thirty (30) Business Days and Purchaser's claim has not been settled within such period by Sellers, provided that the only remedy of Purchaser for a claim under the PLC Guarantee shall be damages.

  • At any time after the principal of the Loans outstanding or the other Obligations of the Borrowers hereunder have become due and payable pursuant to the provisions of this Agreement, the Agents and the Lenders shall not be required to make demand on any Person (other than the Company), or pursue any remedy or recourse against any Person, in respect of any of the Obligations of the Company hereunder before making demand on Thomson-Reuters PLC under the Thomson-Reuters PLC Guarantee.

  • The Thomson-Reuters PLC Guarantee, upon the execution and delivery thereof, will be enforceable by the Lenders, or by the Agents acting on behalf of the Lenders, in an action or proceeding brought by the Lenders, or by the Agents acting on behalf of the Lenders, against Thomson-Reuters PLC.


More Definitions of PLC Guarantee

PLC Guarantee means that certain letter agreement, originally dated as of April 23, 2010 and as amended and restated as of the
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PLC Guarantee has the meaning given in clause 18.2;
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Related to PLC Guarantee

  • Guarantee means a guarantee (other than by endorsement of negotiable instruments for collection in the ordinary course of business), direct or indirect, in any manner (including letters of credit and reimbursement agreements in respect thereof), of all or any part of any Indebtedness or other obligations.

  • Bid guarantee means the bid bond, cashier's check or certified check submitted as part of the bid proposal, payable to the contracting unit, ensuring that the successful bidder will enter into a contract.

  • 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.

  • Permitted SBIC Guarantee means a guarantee by the Borrower of SBA Indebtedness of an SBIC Subsidiary on SBA’s then applicable form, provided that the recourse to the Obligors thereunder is expressly limited only to periods after the occurrence of an event or condition that is an impermissible change in the control of such SBIC Subsidiary (it being understood that, as provided in clause (r) of Article VII, it shall be an Event of Default hereunder if any such event or condition giving rise to such recourse occurs).

  • Parent Guarantee means the guarantee by the Parent of the Company’s obligations with respect to the Notes.