Principal Guarantee definition

Principal Guarantee has the meaning set forth in Section 7.3.E(4) hereof.
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Principal Guarantee means the guarantee by the Company of distributions on the Preferred Securities of a Principal Trust to the extent provided in the Guarantee Agreement, substantially in the form attached hereto as Annex C, or substantially in such form as may be specified as contemplated by Section 301 with respect to the Securities of any series, in each case as amended from time to time.
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Principal Guarantee or “Principal Guarantees” means an agreement, or agreements, in substantially the form attached hereto as Exhibits E-1 and E-2 or in such other form as may be reasonably acceptable to the lender and such Contributor Principal and providing substantively the same benefits to such Contributor Principal as the form attached hereto as Exhibits E-1 and E-2. By their execution and delivery hereof, each Contributor Principal acknowledges that it has been provided the opportunity to execute a Principal Guarantee for the ▇▇▇▇▇▇▇ Court I HCP Loan and/or ▇▇▇▇▇▇▇ Court II HCP Loan as of the Effective Date, and if such Contributor Principal has exercised such opportunity, it has executed and delivered such Principal Guarantee to HCP, in each case as of the Effective Date. Notwithstanding anything to the contrary contained herein: (i) the Managing Member shall not be treated as failing to satisfy its obligation to provide to each Contributor Principal the opportunity for a Principal Guarantee hereunder if, after consultation with its tax advisors, the Managing Member reasonably believes that any Principal Guarantee to be executed by the Contributor Principal will not be recognized as an obligation of a partner or related person to make a payment pursuant to the Treasury Regulations promulgated under Code Section 752, including Proposed Treasury Regulations Section 1.752-2(j)(3); and (ii) any Contributor Principal that fails to execute and deliver a Principal Guarantee (A) with respect to the ▇▇▇▇▇▇▇ Court I HCP Loan and/or ▇▇▇▇▇▇▇ Court II HCP Loan as of the Effective Date, or (B) with respect to any Replacement Indebtedness for the Existing Indebtedness as of the date such Replacement Indebtedness is incurred, shall, in either case, be deemed to have elected not to exercise its opportunity to execute a Principal Guarantee with respect thereto and the Managing Member shall have no further obligation to provide such opportunity to execute and deliver a Principal Guarantee for the benefit of such Contributor Principal with respect to the ▇▇▇▇▇▇▇ Court I HCP Loan, ▇▇▇▇▇▇▇ Court II HCP Loan or any Replacement Indebtedness with respect to the ▇▇▇▇▇▇▇ Court I HCP Loan, ▇▇▇▇▇▇▇ Court II HCP Loan or the Existing Indebtedness.
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Examples of Principal Guarantee in a sentence

  • Saver’s Choice Plus will use the Return of Principal Guarantee bonus amount in this calculation (i.e., 1% and 2%, respectively) even if the policy does not have the Return of Principal rider.

  • By their execution and delivery hereof, each Contributor Principal acknowledges that it has been provided the opportunity to execute a Principal Guarantee for the HCP Loan and the Existing Indebtedness as of the Effective Date, and if such Contributor Principal has exercised such opportunity, it has executed and delivered such Principal Guarantee to HCP with respect to the HCP Loan and to the applicable lender with respect to any Existing Indebtedness, in each case as of the Effective Date.

  • Each of the representations and warranties contained in clause 4.1 of this Agreement and clause 7 of the Principal Agreement, clause 4 of the Principal Guarantee and clause 4 of each Manager’s Undertaking shall be deemed to be repeated by each Relevant Party (in respect of each document that each is a party to) on the Effective Date as if made with reference to the facts and circumstances existing on such day.

  • The WBNAR (Withdrawal Benefit Net Amount at Risk) for each variable annuity contract ceded hereunder shall be equal to the following: Guaranteed Withdrawal Benefit, Principal Guarantee and Principal Guarantee Value: WBNAR = Maximum [(GWB Benefit Base - Account Value), 0] * Reinsurer's Percentage (defined in Schedule A).

  • Any Subsequent Transfer Date Principal Guarantee Amount shall be payable to related Holders as provided in Section 1.05.

  • By their execution and delivery hereof, each Contributor Principal acknowledges that it has been provided the opportunity to execute a Principal Guarantee for the ▇▇▇▇▇▇▇ Court I HCP Loan and/or ▇▇▇▇▇▇▇ Court II HCP Loan as of the Effective Date, and if such Contributor Principal has exercised such opportunity, it has executed and delivered such Principal Guarantee to HCP, in each case as of the Effective Date.

  • Each Guarantor’s liability under this guarantee is limited to its Guarantee Proportion of the Principal Guarantee Amount.


More Definitions of Principal Guarantee

Principal Guarantee or “Principal
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Principal Guarantee or “Principal Guarantees” means an agreement, or agreements, in substantially the form attached hereto as Exhibits E-1 and E-2 or in such other form as may be reasonably acceptable to the lender and such Contributor Principal and providing substantively the same benefits to such Contributor Principal as the form attached hereto as Exhibits E-1 and E-2. By its execution and delivery hereof, each Non-Managing Member acknowledges that each of its applicable Contributor Principals has been provided the opportunity to execute a Principal Guarantee for the ▇▇▇▇▇▇▇ Court I HCP Loan and/or ▇▇▇▇▇▇▇ Court II HCP Loan as of the Effective Date, and if such Contributor Principal has exercised such opportunity, it has executed and delivered such Principal Guarantee to HCP as the lender thereunder, in each case as of the Effective Date; or”
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Related to Principal Guarantee

  • Financial guarantee means a performance bond, maintenance bond, surety bond, irrevocable letter of credit, or similar guarantees submitted to the [administering authority] by the responsible party to assure that requirements of the ordinance are carried out in compliance with the storm water management plan.

  • Subsidiary Guarantee Agreement means a Subsidiary Guarantee Agreement substantially in the form of Exhibit B, and all supplements thereto made by the Subsidiary Guarantors in favor of the Administrative Agent for the benefit of the Lenders.

  • Subsidiary Guarantee means a Guarantee by a Subsidiary Guarantor of the Company’s obligations with respect to the Securities.

  • 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.

  • 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.