Secured Guarantee definition

Secured Guarantee means, with respect to each Guarantor, its guarantee of the Secured Obligations under Section 2 hereof or Section 1 of a Security Agreement Supplement.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Secured Guarantee has the meaning specified in Section 1 of the Security Agreement.

Secured Guarantee means, with respect to each Guarantor, its guarantee of the Secured Obligations under the Guarantee Agreement (including any guarantee supplement delivered pursuant to Section 16 thereof).

Examples of Secured Guarantee in a sentence

The obligations of each Guarantor under its Secured Guarantee shall be limited to an aggregate amount equal to the largest amount that would not render such Secured Guarantee subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of applicable law.
If all or part of any Secured Party’s interest in any Secured Obligation is assigned or otherwise transferred, the transferor’s rights under each Secured Guarantee, to the extent applicable to the obligation so transferred, shall automatically be transferred with such obligation.
The obligations of each Subsidiary Guarantor under its Secured Guarantee shall be limited to an aggregate amount equal to the largest amount that would not render such Secured Guarantee subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of applicable law.
If all or part of any Secured Party's interest in any Secured Obligation is assigned or otherwise transferred, the transferor's rights under each Secured Guarantee, to the extent applicable to the obligation so transferred, shall automatically be transferred with such obligation.
Each Secured Guarantee is a continuing guarantee, shall be binding on the relevant Guarantor and its successors and assigns, and shall be enforceable by the Administrative Agent or the Secured Parties.

More Definitions of Secured Guarantee

Secured Guarantee means, with respect to each Guarantor, its guarantee of the Secured Obligations under Section 2 hereof or Section 1 of a Guarantee and Collateral Agreement Supplement.

Secured Guarantee has the meaning specified in the Guarantee and Security Agreement.

Secured Guarantee shall have the meaning assigned in the GPPA.

Secured Guarantee means, with respect to each Secured Subsidiary Guarantor, its Subsidiary Guarantee, and with respect to Xerox, the Xerox Guarantee.

Secured Guarantee means, (i) with respect to the Company, its guarantee contained in Article 11 of the Credit Agreement and (ii) with respect to each Subsidiary Guarantor, its guarantee of the Secured Obligations under Section 2 hereof or Section 1 of a Security Agreement Supplement.

Secured Guarantee has the meaning set forth in Section 2(a).

Secured Guarantee has the meaning specified in the preliminary statements to this Agreement.