Examples of Eligible Guaranty in a sentence

Seller shall furnish or cause to be furnished to Buyer such financial information, statements, certificates and reports as Buyer shall reasonably request to verify from time to time whether there exists a Security Posting Condition with respect to Seller and whether a guaranty provided as Performance Security constitutes an Eligible Guaranty.

More Definitions of Eligible Guaranty

Eligible Guaranty has the meaning set forth in Section 14.1.

Eligible Guaranty means a continuing guaranty in substantially the form of Xxxxxxxx X-0 (in the case of a guaranty provided as Performance Security by Buyer) or Xxxxxxxx X-0 (in the case of a guaranty provided as Performance Security by Seller), or otherwise acceptable to the Party to whom such guaranty is provided as Performance Security under this Agreement, which is properly completed and executed and in full force and effect and with respect to which the Guarantor has not given any notice of termination, cancellation or revocation, issued by a Person: (i) who is a direct or indirect parent of the Party providing such guaranty as Performance Security under this Agreement, unless otherwise agreed by the other Party in its sole discretion;

Eligible Guaranty means a continuing unlimited guaranty in substantially the form of Appendix D hereto, which is properly completed and executed and in full force and effect and with respect to which the Guarantor has not given any notice of termination, cancellation or revocation, issued by a Person: (i) who is a direct or indirect parent of Seller; (ii) with respect to whom there does not exist a Material Adverse Financial Condition at any time such guaranty is intended to constitute Performance Security; and (iii) who has a Net Worth of at least five hundred million dollars ($500,000,000) for the entire period during which such guaranty is intended to constitute Performance Security.

Eligible Guaranty means a continuing guaranty in substantially the form of Xxxxxxxx the case of a guaranty provided as Performance Security by Seller), or otherwise acceptable to the Party to whom such guaranty is provided as Performance Security under this Agreement, which is properly completed and executed and in full force and effect and with respect to which the Guarantor has not given any notice of termination, cancellation or revocation, issued by a Person: (i) who is a direct or indirect parent of the Party providing such guaranty as Performance Security under this Agreement, unless otherwise agreed by the other Party in its sole discretion;

Eligible Guaranty means a continuing unlimited guaranty in substantially the form of Appendix D hereto, which is properly completed and executed and in full force and effect and with respect to which the Guarantor has not given any notice of termination, cancellation or revocation, issued by a Person: (i) who is a direct or indirect parent of Seller; (ii) with respect to whom there does not exist a Material Adverse Financial Condition at any time such guaranty is intended to constitute Performance Security; and (iii) has a Net Worth of at least ten billion dollars ($10,000,000,000) for the entire period during which such guaranty is intended to constitute Performance Security.

Eligible Guaranty means a continuing parent guaranty in form and substance reasonably acceptable to the receiving Party issued by an entity who has and maintains an Acceptable Rating.

Eligible Guaranty means an unconditional and irrevocable guaranty of all present and future payment obligations and obligations to post collateral of Party A or an Eligible Replacement to Party B under this Agreement that is provided by an Eligible Guarantor as principal debtor rather than surety and that is directly enforceable by Party B, the form and substance of which guaranty are subject to the Rating Agency Condition with respect to S&P.Deutsche Bank National Trust Company, not in its individual capacity, but solely as trustee of the External Trust relating to the Popular ABS, Inc. Mortgage Pass-Through Certificates, Series 2007-A May 30, 2007Page 19 of 39