Taurus Guaranty definition

Taurus Guaranty means the Subsidiary Guaranty of Taurus Acquisition.
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Examples of Taurus Guaranty in a sentence

  • The failure to make a payment pursuant to the Taurus Guaranty by reason of any provision in this Article 11 shall not be construed as preventing the occurrence of a Default.

  • Nothing in this Article 11 shall have any effect on the right of the Securityholders or the Trustee to make a demand for payment on Taurus Acquisition pursuant to the Taurus Guaranty.

  • Taurus Acquisition agrees, and each Securityholder by accepting a Security agrees, that the Indebtedness evidenced by the Taurus Guaranty is subordinated in right of payment, to the extent and in the manner provided in this Article 11, to the prior payment in full in cash of all Indebtedness under the Credit Agreement and that the subordination is for the benefit of and enforceable by the holders of such Indebtedness.

  • No right of any holder of Indebtedness under the Credit Agreement to enforce the subordination of the Taurus Guaranty shall be impaired by any act or failure to act by Taurus Acquisition or by its failure to comply with this Indenture.

  • Taurus Acquisition agrees that it shall not be entitled to any right of subrogation in respect of any Obligations guaranteed hereby until payment in full of all Obligations and all obligations to which the Taurus Guaranty is subordinated as provided in Article 11.

  • Notice of all directors’ meetings, except as herein otherwise provided, shall be given in person,by mail or fax, (or by E-mail if elected by any director), before the meeting to each director, which notice shall be delivered (or, if by mail, presumed delivered under Section 9.3 hereof) at least 48 hours before the time of the meeting.

  • Notwithstanding Section 11.03, the Trustee or Paying Agent shall continue to make payments on the Taurus Guaranty and shall not be charged with knowledge of the existence of facts that would prohibit the making of any such payments unless, not less than two Business Days prior to the date of such payment, a Trust Officer of the Trustee receives written notice satisfactory to it that such payments are prohibited by this Article 11.

  • Taurus Acquisition agrees, and each Securityholder by accepting a Security agrees, that the Indebtedness evidenced by the Taurus Guaranty is subordinated in right of payment, to the extent and in the manner provided in this Article 11, to the prior payment of all Indebtedness under the Credit Agreement and that the subordination is for the benefit of and enforceable by the holders of such Indebtedness.

  • Taurus Acquisition shall not make any payments under the Taurus Guaranty or purchase, redeem or otherwise retire or defease any Securities or other Obligations at any time prior to the payment in full in cash of the Indebtedness under the Credit Agreement.

  • Neither the Trustee nor the Paying Agent shall make any payments on the Taurus Guaranty unless a Trust Officer of the Trustee receives written notice that the Indebtedness under the Credit Agreement has been paid in full in cash and payments are permitted by this Article 11 (which notice shall promptly be delivered by the representative of holders of Indebtedness under the Credit Agreement to the Trustee and the Paying Agent upon payment in full in cash of all Indebtedness under the Credit Agreement).

Related to Taurus Guaranty

  • U.S. Guaranty means (a) the guaranty made by the Parent Borrower, Holdings and the other Guarantors in favor of the Administrative Agent on behalf of the Secured Parties pursuant to clause (b)(i) and (iii) of the definition of “Collateral and Guarantee Requirement,” substantially in the form of Exhibit F-1 and (b) each other guaranty and guaranty supplement delivered pursuant to Section 6.11(a)(i).

  • Holdings Guaranty means the Holdings Guaranty made by Holdings in favor of the Administrative Agent on behalf of the Secured Parties, substantially in the form of Exhibit F-1.

  • Guaranty means, with respect to any Person, any obligation (except the endorsement in the ordinary course of business of negotiable instruments for deposit or collection) of such Person guaranteeing or in effect guaranteeing any indebtedness, dividend or other obligation of any other Person in any manner, whether directly or indirectly, including (without limitation) obligations incurred through an agreement, contingent or otherwise, by such Person:

  • Canadian Guaranty means a Corporate Guaranty provided by an Affiliate of a Participant that is domiciled in Canada, and meets all of the provisions of Tariff, Attachment Q.

  • Foreign Guaranty means a Corporate Guaranty provided by an Affiliate of a Participant that is domiciled in a foreign country, and meets all of the provisions of Tariff, Attachment Q. Form 715 Planning Criteria: “Form 715 Planning Criteria” shall have the same meaning provided in the Operating Agreement.

  • Guaranty Agreement means an agreement executed by the Guarantors in substantially the form of Exhibit F-2 unconditionally guarantying on a joint and several basis, payment of the Indebtedness, as the same may be amended, modified or supplemented from time to time.

  • 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.

  • VA Loan Guaranty Agreement means the obligation of the United States to pay a specific percentage of a Mortgage Loan (subject to a maximum amount) upon default of the Mortgagor pursuant to the Servicemen’s Readjustment Act, as amended.

  • 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.

  • Seller Guaranty means a guaranty of payment and performance issued by a Seller Guarantor in the form attached to this Agreement as Exhibit V or in such other form as may be acceptable to Purchaser acting reasonably.

  • Subsidiaries Guaranty shall have the meaning provided in Section 6.10.

  • Parent Guaranty means the guaranty of the Parent pursuant to Section 15.

  • Limited Guaranty With respect to any Series (or Class within such Series), any guarantee of, or insurance policy or other comparable form of credit enhancement with respect to, amounts required to be distributed in respect of such Series (or Class) or payments under all or certain of the Underlying Securities relating to such Series or Class, executed and delivered by a Limited Guarantor in favor of the Trustee, for the benefit of the Certificateholders, as specified in the related Supplement.

  • Obligation Guaranty means any Guarantee of all or any portion of the Secured Obligations executed and delivered to the Administrative Agent for the benefit of the Secured Parties by a guarantor who is not a Loan Party.

  • Guaranty Agreements means and includes the Guarantee of the Loan Parties provided for in Section 11 and any other guaranty agreement executed and delivered in order to guarantee the Secured Obligations or any part thereof in form and substance acceptable to the Administrative Agent.

  • 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.

  • Company Guaranty means the Company Guaranty made by the Company in favor of the Administrative Agent and the Lenders, substantially in the form of Exhibit F.

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

  • Guaranty and Collateral Agreement means the Guaranty and Collateral Agreement dated as of the date hereof executed and delivered by the Loan Parties, together with any joinders thereto and any other guaranty and collateral agreement executed by a Loan Party, in each case in form and substance satisfactory to the Administrative Agent.

  • Guaranty Joinder Agreement means each Guaranty Joinder Agreement, substantially in the form thereof attached to the Guaranty, executed and delivered by a Guarantor or any other Person to the Administrative Agent pursuant to Section 6.12 or otherwise.

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

  • Loan Guaranty means Article X of this Agreement.

  • Completion Guaranty means the Completion Guaranty of even date herewith executed by Guarantor in favor of Lender in connection with the Capital Improvement Work and the Loan, as amended from time to time.

  • Guarantor Joinder Agreement means a guarantor joinder agreement substantially in the form of Exhibit 7.12 delivered by a Domestic Subsidiary of the Borrower pursuant to Section 7.12.

  • U.S. Guarantor means a Guarantor whose jurisdiction of organisation is a state of the United States of America or the District of Columbia.

  • Limited Guarantee has the meaning set forth in the Recitals.