Replacement Guaranty definition
Replacement Guaranty shall have the meaning set forth in Section 5.2.10(f) hereof.
Replacement Guaranty means a Guaranty executed by a Replacement Guarantor in a form acceptable to Funding Lender and in substantially the same form as the Guaranty executed on the same date as this Continuing Covenant Agreement. If the Replacement Guarantor is an entity, the Replacement Guarantor’s Guaranty will be modified to include, at Replacement Guarantor’s option, either Funding Lender’s current form of the Rider to Guaranty – Material Adverse Change, or Funding Lender’s current form of the Rider to Guaranty – Minimum Net Worth/Liquidity.
Replacement Guaranty. A guaranty made by a Qualified Replacement Guarantor which shall contain provisions, terms and conditions similar in substance to the provisions, terms and conditions set forth in Article 17 of the MLSA and all such other portions of the MLSA that comprise the Lease Guaranty (as such term is defined in the MLSA).
Examples of Replacement Guaranty in a sentence
If a Credit Trigger (as defined in the Guaranty) has occurred, the Seller will within twenty days provide a Replacement Guaranty or collateral security to Buyer in the form of cash or a letter of credit (from a financial institution rated at least “A3” from ▇▇▇▇▇’▇ and “A-” from S&P and in form and substance reasonably acceptable to Buyer).
More Definitions of Replacement Guaranty
Replacement Guaranty shall have the meaning set forth in Section 8.5.
Replacement Guaranty means a replacement guaranty agreement delivered in accordance with Section 5(b)(xiii).
Replacement Guaranty. A guaranty made by a Qualified Replacement Guarantor which shall contain provisions, terms and conditions similar in form and substance to the provisions, terms and conditions of the Guaranty.
Replacement Guaranty. As defined in Section 3.6.
Replacement Guaranty is defined in Paragraph 21(k).
Replacement Guaranty means a Guaranty of Recourse Obligations substantially in the form attached as Exhibit C to the Recognition Agreement.
Replacement Guaranty means a (i) replacement guaranty or (ii) if there is no Initial Guarantor, an initial Guaranty, delivered to Landlord in accordance with the terms and provisions of this Lease and otherwise in form and substance reasonably acceptable to Landlord.