U.S. Guarantors definition
Examples of U.S. Guarantors in a sentence
The Administrative Agent may perform any and all of its duties and exercise its rights and powers hereunder or under any other Loan Document by or through any one or more sub-agents appointed by the Administrative Agent, provided, however, that any such sub-agent receiving payments from the U.S. Borrowers or U.S. Guarantors shall be a “U.S. Person” and a “financial institution” within the meaning of Treasury Regulations section 1.1441-1.
For the avoidance of doubt, this Agreement only applies to Managed Assets in Canada and, other than in the case of Section 4.3(b)(iii), Securitization IP in Canada (except Securitization IP in Canada owned by the Issuer or the U.S. Guarantors).
In this Article X, “Guaranteed Obligations” means (i) in respect of the U.S. Guarantors, the Total Guaranteed Obligations and (ii) in respect of the Non-U.S. Guarantors, the Non-U.S. Guaranteed Obligations.