TTO Guaranty definition
Examples of TTO Guaranty in a sentence
As of the Effective Date, the parties acknowledge and agree that TTO has executed and delivered to the Purchaser the TTO Guaranty and that EIF Renewable Holdings has executed and delivered to the Seller the EIFREH Guaranty.
The Partners acknowledge and agree that the LGS Lease, the LGS Equity Investors’ Agreement and the LGS Financing Documents (including the TTO Guaranty) contain requirements and limitations applicable to the Partnership, the Partners and their Affiliates, including with respect to, among other things, confidentiality and the Transfer and ownership of, and Liens on, Partnership Interests.
Any cash distributed by the Partnership to the Partners shall be distributed in accordance with the Partners’ respective Percentage Interests as of the date of the distribution, except that the General Partner shall be entitled to a first priority distribution equal to the aggregate amount paid under a TTO Guaranty, to the extent such payment is not the result of a breach thereunder or hereunder by TTO or the General Partner.