Shared Guarantee definition

Shared Guarantee means a Guarantee which relates both to the Business and the Excluded Businesses;
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Shared Guarantee means any guarantee or indemnity given by any Senior Guarantor in favour of the Senior Creditors in respect of the Senior Liabilities.
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Examples of Shared Guarantee in a sentence

  • The information set forth in Annex 1-A hereto is hereby added to the information set forth in the Schedules to the Shared Guarantee and Collateral Agreement.

  • The Additional Grantor hereby represents and warrants that each of the representations and warranties contained in Section 4 of the Shared Guarantee and Collateral Agreement is true and correct on and as the date hereof (after giving effect to this Shared Collateral Assumption Agreement) as if made on and as of such date.

  • Under the amended Shared Guarantee and Collateral Agreement, (i) the Service Company shall also grant liens in favor of each of the Companies to secure the performance of its obligations under the Shared Services Agreement and (ii) each Company will agree that its rights to pursue remedies and initiate enforcement actions against the Service Company shall be conditioned on a material breach by the Service Company of its obligations to such Company under the Shared Services Agreement.

  • By executing and delivering this Shared Collateral Assumption Agreement, the Additional Grantor, as provided in Section 9.12 of the Shared Guarantee and Collateral Agreement, hereby becomes a party to the Shared Guarantee and Collateral Agreement as a Grantor thereunder with the same force and effect as if originally named therein as a Grantor and, without limiting the generality of the foregoing, hereby expressly assumes all obligations and liabilities of a Grantor thereunder.

  • Shared Guarantee), gives any Security, guarantee, indemnity or other assurance against loss in respect of any of the Liabilities, the Debtors will procure that the person incurring those Liabilities or giving that assurance, if not already a Debtor under this Agreement, accedes to this Agreement as a Debtor pursuant to a Debtor Accession Deed, in accordance with paragraph (b) below, no later than contemporaneously with the incurrence of those Liabilities or the giving of that assurance.

  • In no event shall Buyer thereby assume responsibility in connection with any Shared Guarantee on its behalf or on behalf of its Affiliates for obligations which do not inure to the benefit of the Company and its Subsidiaries, except as may arise in connection with the AEI Sublease.