Replacement Guaranty definition

Replacement Guaranty shall have the meaning set forth in Section 5.2.10(f) hereof.

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).

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.

Examples of Replacement Guaranty in a sentence

• This Guaranty shall terminate upon the earlier of (a) the occurrence of the Discharge Date in accordance with the Credit Agreement and (b) the execution and delivery to Administrative Agent of an Acceptable Replacement Guaranty.

• Time shall be of the essence as to Tenant’s obligation to deliver the Replacement Guaranty within ten (10) Business Days after the Effective Date.

• Xxxxxxxxx has executed this Replacement Guaranty of Payment and Recourse Obligations as of the date fast above written.

• Recommendation: Approve Replacement Guaranty Agreement with Iberdrola USA, Inc.

• For purposes of clarification, in no event shall the above language limit, reduce or otherwise affect any Borrower’s liability or obligations under the Loan Documents, Guarantor’s liability or obligations under the Guaranty or Indemnity (or Replacement Guarantor’s liability or obligations under the Replacement Guaranty Documents) or Lender’s right to exercise any rights or remedies against any collateral securing the Loan.

More Definitions of Replacement Guaranty

Replacement Guaranty shall have the meaning set forth in Section 8.5.

Replacement Guaranty. As defined in Section 3.6.

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 means a Guaranty executed by a Replacement Guarantor in a form acceptable to Lender and in substantially the same form as the Guaranty executed on the Effective Date. If the Replacement Guarantor is an entity, then the Replacement Guarantor’s Guaranty will be modified to include, at Replacement Guarantor’s option, either Lender’s current form of the Rider to Guaranty – Material Adverse Change, or Lender’s current form of the Rider to Guaranty – Minimum Net Worth/Liquidity.

Replacement Guaranty is defined in Paragraph 21(k).

Replacement Guaranty is defined in Section 2.12 hereof.

Replacement Guaranty means a Guaranty of Recourse Obligations substantially in the form attached as Exhibit C to the Recognition Agreement.