Springing Guaranty definition

Springing Guaranty means the Springing Guaranty executed and delivered by the Parent on the First Amendment Effective Date, such Springing Guaranty to be substantially in the form of Exhibit I.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Springing Guaranty means the Springing Guaranty executed and delivered by the Parent, such Springing Guaranty to be substantially in the form of Exhibit B-2.

Springing Guaranty. “Subsidiary General Partner” and “Tax Protection Agreement” to §1.1 in the correct alphabetical location: REIT Joinder Agreement. The Limited Joinder Agreement with respect to the Credit Agreement to be executed and delivered by REIT pursuant to §7.26, such Limited Joinder Agreement to be in the form of Exhibit “F” hereto.

Examples of Springing Guaranty in a sentence

Nothing herein shall waive, relieve, reduce or impair any Obligation of the Parent under the Springing Guaranty.
Nothing in this Section 6.26(b) shall authorize the release of Parent from the Springing Guaranty.
For the avoidance of doubt, REIT is not assuming any of the Borrower’s Obligations under this Agreement except as and to the extent provided in the Springing Guaranty.
Except to the extent set forth in the Springing Guaranty and subject to the limitations described below, the Obligations of the Borrower under this Agreement are non-recourse to the REIT, and payable only out of cash flow and assets of the Borrower and the other Guarantors.
This Agreement, the Notes, any Letter of Credit Request, the Guaranty, the Springing Guaranty, the Contribution Agreement, and all other documents, instruments or agreements now or hereafter executed or delivered by or on behalf of the Borrower or the Guarantors in connection with the Loans.
At any time following the Springing Guaranty Date, if any Guarantor ceases to be a Subsidiary as a result of a transaction permitted hereunder, such Person shall be automatically released from its obligations under the Subsidiary Guaranty Agreement, pursuant to this Section 10.10.
Except as expressly herein amended, the terms and conditions of the Credit Agreement and the other Loan Documents (other than the Guaranty and the Springing Guaranty) remain in full force and effect.
REIT reaffirms its obligations to the Agent and the Lenders under the Springing Guaranty and agrees that the transactions contemplated by the Amendment shall not in any way affect the validity and enforceability of the Springing Guaranty, or reduce, impair or discharge the obligations of REIT, in its capacity as a Guarantor, thereunder.
Except as expressly amended by the First Amendment to Guaranty and the First Amendment to Springing Guaranty, respectively, the Guaranty and Springing Guaranty remain in full force and effect.
In addition, the Parent and the Subsidiary Guarantors, if any, shall execute a consent to such increase of Revolving Commitments or making of Additional Term Loans ratifying and continuing their obligations under the Springing Guaranty and the Subsidiary Guaranty, respectively.

More Definitions of Springing Guaranty

Springing Guaranty means the Springing Guaranty, dated as of July 14, 2015, between Guarantor and Spotify.

Springing Guaranty means a guaranty of the Obligations that becomes effective only in the event Borrowers fail to meet the minimum Debt Service Coverage Ratio (pre-distribution) set forth in Section 5.01(k) below, in a form as provided by Bank, as amended, restated, supplemented, extended or otherwise modified in writing from time to time.

Springing Guaranty means the guaranty provided by the Guarantor to the Administrative Agent on behalf of the Secured Parties in accordance with the terms of the Springing Guaranty Agreement.

Springing Guaranty means that certain Guaranty executed by ▇▇▇▇▇▇.