Substitute Guarantee definition

Substitute Guarantee has the meaning specified in Section 15.01(a).
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Substitute Guarantee means a substitute guarantee of the Purchaser on behalf of the Company, which is to be effective as of the Closing and as required by the lease agreement between BCO Turnpike Distribution Center M, LCC and the Company, dated as of December 12, 2011.
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Substitute Guarantee is defined in Section 7.11.
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Examples of Substitute Guarantee in a sentence

  • Century acknowledges and agrees that (a) the Guarantee has been entered into as a condition to the entry into this Agreement by Big Rivers and Kenergy, and (b) Century shall cause a Substitute Guarantee (as defined in the Guarantee) to be entered into in the circumstances required therefor under the Guarantee.

  • Century acknowledges and agrees that (a) the Guarantee has been entered into as a condition to the entry into this Agreement by Big Rivers and Kenergy, and (b) Century shall cause a Substitute Guarantee (as defmed in the Guarantee) to be entered into in the circumstances required therefor under the Guarantee.

  • Notwithstanding the foregoing, if (i) CAC and its affiliates cease to be affiliates of CDG, (ii) the entity that controls CDG upon the occurrence of the event described in clause (i) executes and delivers to Buyer a guarantee identical in all material respects to this Guarantee (the "SUBSTITUTE GUARANTEE") and (iii) the entity referred to in clause (ii) is not less creditworthy than CAC, Buyer shall accept the Substitute Guarantee and this Guarantee thereafter shall have no force or effect.

  • Notwithstanding the foregoing, if (i) CAC and its affiliates cease to be affiliates of CP, (ii) the entity that controls CP upon the occurrence of the event described in clause (i) executes and delivers to Buyer a guarantee identical in all material respects to this Guarantee (the "SUBSTITUTE GUARANTEE") and (iii) the entity referred to in clause (ii) is not less creditworthy than CAC, Buyer shall accept the Substitute Guarantee and this Guarantee thereafter shall have no force or effect.

  • After the first 24 months of the Substitute Guarantee, 2% per month of the outstanding balance of the Guarantee Amount plus any applicable transfer or withholding taxes incurred by the Funding Shareholders in connection with receiving the Guarantee Fee.

  • The Guarantee Fee shall be calculated and paid at the beginning of each month the Substitute Guarantee is outstanding with the first payment made at the time the Funding Shareholders provide the guarantees.

  • An appropriately adjusted global note representing the Notes and Terms and Conditions will be deposited with the Clearing System.§ 9(1) shall be deemed to be amended to the effect that if the Substitute Guarantee ceases to be valid or binding on or enforceable against the Issuer each Holder shall be entitled to declare his Notes due and demand the immediate redemption thereof at their principal amount plus accrued interest thereon (if any) to the date of repayment.

  • Company Shares (valued according to their paid-in capital); Equivalent to the corresponding U.S. dollar payment which would be made at the relevant payment date for such equivalent U.S. dollar denominated Substitute Guarantee.

  • In the event a Non-Funding Shareholder has failed solely to provide its portion of funding guarantees, in lieu of the other remedies available in this Section 7, the Funding Shareholders may elect to provide their pro rata share of such guarantees or such other proportion as they may otherwise mutually agree (the "Substitute Guarantee").

  • Where one Shareholder (the "Exiting Shareholder") no longer holds any shares in the Service Provider, the Service Provider may by written notice to the Customer request that the Guarantee issued by the holding company of the Exiting Shareholder be released and substituted by a guarantee ("Substitute Guarantee") issued on the same terms by another person nominated by the Service Provider ("Substitute Guarantor").


More Definitions of Substitute Guarantee

Substitute Guarantee has the meaning given to it in Section 5.23(d).
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Related to Substitute Guarantee

  • Note Guarantee means the Guarantee by each Guarantor of the Issuer’s obligations under this Indenture and the Notes, executed pursuant to the provisions of this Indenture.

  • Note Guaranty means the guaranty of the Notes by a Guarantor pursuant to this Indenture.

  • Corporate Guarantee means a guarantee of the obligations of the Borrowers under this Agreement and the other Finance Documents to which each Borrower is a party, in the Agreed Form;

  • Guarantee means a guarantee (other than by endorsement of negotiable instruments for collection in the ordinary course of business), direct or indirect, in any manner (including letters of credit and reimbursement agreements in respect thereof), of all or any part of any Indebtedness or other obligations.

  • Permitted SBIC Guarantee means a guarantee by the Borrower of Indebtedness of an SBIC Subsidiary on the SBA’s then applicable form, provided that the recourse to the Borrower thereunder is expressly limited only to periods after the occurrence of an event or condition that is an impermissible change in the control of such SBIC Subsidiary (it being understood that, as provided in clause (s) of Article VII, it shall be an Event of Default hereunder if any such event or condition giving rise to such recourse occurs).

  • Bid guarantee means the bid bond, cashier's check or certified check submitted as part of the bid proposal, payable to the contracting unit, ensuring that the successful bidder will enter into a contract.

  • Subsidiary Guarantee means the guarantee of the Notes by each Subsidiary Guarantor under this Indenture.

  • Qualifying Affiliate Guarantee means a Qualifying Guarantee provided by a Reference Entity in respect of an Underlying Obligation of a Downstream Affiliate of that Reference Entity.

  • Eligible Guarantee means an unconditional and irrevocable guarantee that is provided by a guarantor as principal debtor rather than surety and is directly enforceable by Party B, where either (A) a law firm has given a legal opinion confirming that none of the guarantor’s payments to Party B under such guarantee will be subject to withholding for Tax or (B) such guarantee provides that, in the event that any of such guarantor’s payments to Party B are subject to withholding for Tax, such guarantor is required to pay such additional amount as is necessary to ensure that the net amount actually received by Party B (free and clear of any withholding tax) will equal the full amount Party B would have received had no such withholding been required.

  • Subsidiary Guarantee Agreement means the Subsidiary Guarantee Agreement, substantially in the form of Exhibit I, made by the Subsidiary Guarantors in favor of the Collateral Agent for the benefit of the Secured Parties.

  • Call Off Guarantee means a deed of guarantee that may be required under this Call Off Contract in favour of the Customer in the form set out in Framework Schedule 13 (Guarantee) granted pursuant to Clause 7 (Call Off Guarantee);

  • Parent Company Guarantee means a parent company guarantee to be delivered by the Supplier pursuant to Clause 5.6;

  • Swap Guarantee If so specified in the Supplement with respect to any Series, the guarantee issued by the Swap Guarantor in favor of the Trust substantially in the form attached as an exhibit to the Swap Agreement.

  • Parent Guarantee means the guarantee by Parent Guarantor of the obligations of the Issuer under this Indenture and the Securities in accordance with the provisions of this Indenture.

  • Qualifying Guarantee means an arrangement evidenced by a written instrument pursuant to which a Reference Entity irrevocably agrees (by guarantee of payment or equivalent legal arrangement) to pay all amounts due under an obligation (the “Underlying Obligation”) for which another party is the obligor (the “Underlying Obligor”). Qualifying Guarantees shall exclude any arrangement (i) structured as a surety bond, financial guarantee insurance policy, letter of credit or equivalent legal arrangement or (ii) pursuant to the terms of which the payment obligations of the Reference Entity can be discharged, reduced or otherwise altered or assigned (other than by operation of law) as a result of the occurrence or non-occurrence of an event or circumstance (other than payment). The benefit of a Qualifying Guarantee must be capable of being delivered together with the delivery of the Underlying Obligation.

  • Guarantees As defined in the preamble hereto.

  • Canadian Guarantee means the Canadian Guarantee Agreement, made by each of the Canadian Guarantors in favor of the Canadian Administrative Agent for the benefit of the Lenders to the Canadian Borrower, substantially in the form of Exhibit A-1, as the same may be amended, supplemented or otherwise modified from time to time.

  • Subsidiary Guaranties means the Domestic Subsidiary Guaranty and each Foreign Subsidiary Guaranty.

  • Loan guarantee means any guar- antee, insurance, or other pledge with respect to the payment of all or a part of the principal or interest on any debt obligation of a non-Federal borrower to a non-Federal Lender, but does not in- clude the insurance of deposits, shares, or other withdrawable accounts in fi- nancial institutions.

  • CONSTRUCTION GUARANTEE means a guarantee at call obtained by the contractor from an institution approved by the employer in terms of the employer's construction guarantee form as selected in the schedule

  • Consumer Guarantee means a consumer guarantee applicable to this contract under the Australian Consumer Law, including any Express Warranty.

  • Subsidiary Guaranty Agreement means each unconditional guaranty agreement executed by the Subsidiary Guarantors in favor of the Administrative Agent for the ratable benefit of the Secured Parties, substantially in the form of Exhibit H, as amended, restated, supplemented or otherwise modified from time to time.

  • Signature Guarantee Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor program reasonably acceptable to the Trustee)

  • Corporate Guaranty means a legal document used by an entity to guaranty the obligations of another entity. Cost of New Entry:

  • Service Guarantee means any payment or other benefit that one party provides to the other party when it fails to meet a Service Standard for which a guarantee payment is provided should that Service Standard not be met;

  • Subsidiary Guaranty means the Subsidiary Guaranty made by the Subsidiary Guarantors in favor of the Administrative Agent and the Lenders, substantially in the form of Exhibit G.