Definition of TCP Guaranty and Commitment

  1. TCP Guaranty and Commitment means the Guaranty and Commitment of even date herewith entered into by TCP and Licensee Parent in favor of Licensee and TDSF, pursuant to which TCP and Licensee Parent have jointly and severally guaranteed the obligations of Licensee under this Agreement and all other Contracts from time to time executed and/or delivered in connection herewith (including, without limitation, any applicable agreements between TDSF, Licensee and/or their respective Affiliates with respect to the provision of certain administrative, distribution and/or information technology services on a transitional basis and/or the operation of the Disney Retained Stores) and committed to invest certain funds in Licensee to support such obligations and Licensees operation of the Facilities and the Internet Store hereunder.

Examples of TCP Guaranty and Commitment in a sentence

  1. TCP or Licensee Parent shall breach or violate any material term, covenant or condition that is binding upon TCP or Licensee Parent under the TCP Guaranty and Commitment and shall fail to cure such breach within ten (10) Business Days following written notice of such breach from TDSF, Licensee or any of their respective Affiliates, or the TCP Guaranty and Commitment shall be terminated for any reason; or

Definition of TCP Guaranty and Commitment in Business Agreement

TCP Guaranty and Commitment means the Guaranty and Commitment of even date herewith entered into by TCP and Licensee Parent in favor of Licensee and TDSF, pursuant to which TCP and Licensee Parent have jointly and severally guaranteed the obligations of Licensee under this Agreement and all other Contracts from time to time executed and/or delivered in connection herewith (including, without limitation, any applicable agreements between TDSF, Licensee and/or their respective Affiliates with respect to the provision of certain administrative, distribution and/or information technology services on a transitional basis and/or the operation of the Disney Retained Stores) and committed to invest certain funds in Licensee to support such obligations and Licensees operation of the Facilities and the Internet Store hereunder.