Transferred Guarantor definition

Transferred Guarantor shall have the meaning assigned to such term in Section 7.09.

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Transferred Guarantor has the meaning set forth in Section 11.10.

Transferred Guarantor shall have the meaning given to such term in Section 10.9.

Examples of Transferred Guarantor in a sentence

• If, in compliance with the terms and provisions of the Loan Documents, all or substantially all of the Equity Interests or property of any Guarantor are sold or otherwise transferred (a “Transferred Guarantor”) to a person or persons, none of which is Holdings, Intermediate Holdco, Borrowers or a Subsidiary, such Transferred Guarantor shall, upon the consummation of such sale or transfer, be released from its obligations under this Agreement (including under Section 9.05 hereof).

• The Borrower represents and warrants that The Spic and Span Company, a Delaware corporation, represents a Transferred Guarantor and is eligible under Section 11.09 to be released from the Guaranty and as a “Grantor” under the Security Agreement.

• If, in compliance with the terms and provisions of the Loan Documents, all or substantially all of the Equity Interests of the Guarantor owned by a Credit Party or property of the Guarantor are sold or otherwise transferred (a “Transferred Guarantor”) to a Person or Persons, none of which is a Credit Party, such Transferred Guarantor shall, automatically upon the consummation of such sale or transfer, be released from its obligations under this Guaranty.

• If, in compliance with the terms and provisions of this Agreement, all or substantially all of the Equity Interests of any Subsidiary Guarantor are sold or otherwise transferred (a “Transferred Guarantor”) to a Person or Persons, none of which is the Company or any of its Subsidiaries, such Transferred Guarantor shall, upon the consummation of such sale or transfer, be automatically released from its obligations under this Agreement (including under Section 9.03 hereof).

• Each other Guarantor waives any rights it may have by reason of the performance of its obligations under the Loan Documents to take the benefit (in whole or in part and whether by way of subrogation or otherwise) of any rights of the Secured Parties under any Loan Document or of any other security taken pursuant to, or in connection with, any Loan Document where such rights or security are granted by or in relation to the assets of the Transferred Guarantor.

More Definitions of Transferred Guarantor

Transferred Guarantor shall have the meaning specified in the Section 11.10.

Transferred Guarantor has the meaning set forth in Section 6.08.

Transferred Guarantor as defined in Section 7.12.

Transferred Guarantor has the meaning specified in Section 10.01(h).

Transferred Guarantor refers to any Guarantor engaged in the data business the stock of which (or the stock of any direct or indirect owner of such stock) is transferred to a Person other than the Company or another Guarantor.

Transferred Guarantor means a Guarantor with respect to which all of the Capital Stock thereof has or is being is sold or otherwise transferred to a Person or Persons, none of which is Borrower Party.

Transferred Guarantor has the meaning provided in Section 4.09.