Guarantor Payments definition

Guarantor Payments has the meaning specified in Section 13.7.
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Guarantor Payments has the meaning assigned to such term in Section 10.11(a).
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Guarantor Payments means any payment of Financial Obligations made by any Guarantor under any of the Guaranties.
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Examples of Guarantor Payments in a sentence

  • Upon any such default by the Company, the Guarantor’s obligations to pay the Guarantor Payments shall be terminated.

  • Notwithstanding anything in this Agreement to the contrary, the rights accorded to each TWE Debt Guarantor hereunder shall be in addition to, and not in lieu of, any rights that such TWE Debt Guarantor may have to be reimbursed for all TWE Debt Guarantor Payments of such TWE Debt Guarantor at common law, in equity, by separate agreement or otherwise.

  • For a period of three (3) years from the Initial Closing Date or the Second Closing Date, as applicable, such rights shall not be amended, or otherwise modified in any manner that would adversely affect the rights of the Special Indemnitees, unless such modification is required by applicable Law.

  • The Lenders agree that until payment in full of all Financial Obligations owed to all Lenders, the Lenders shall be entitled to receive and shall be paid Guarantor Payments and all payments, distributions, collections or recoveries and all other matters relating to the Collateral hereunder and under each of the Security Documents other than the Cash Collateralized Letters of Credit as provided in Section 3.2.

  • Debt Service on all Bonds shall be equally and ratably payable from, and secured by a pledge of and lien on, the Assigned Lease Rights, the APCOA Guaranty (as to APCOA’s obligation thereunder to make Guarantor Payments), the Pledged Revenues and the Pledged Funds as provided in this Indenture, except as otherwise provided with respect to the separate accounts of the Debt Service Reserve Fund, and except as otherwise provided herein in connection with Subordinate Bonds.

  • Should any Borrower default in the payment or performance of any of the Obligations, the obligations of the Guarantor hereunder with respect to such Obligations in default shall, upon demand by the Agent, become immediately due and payable to the Agent, for the benefit of the Banks and the Agent, without demand or notice of any nature, all of which are expressly waived by the Guarantor Payments by the Guarantor hereunder may be required by the Agent on any number of occasions.

  • If any Lender grants additional loans to the Borrower or takes other action giving rise to additional Obligations after any Contributing Party has exercised any right to terminate or revoke this Agreement but before the Agent receives such written notice, the rights of each other Contributing Party to contribution and indemnification hereunder in connection with any Guarantor Payments made with respect to such loans or Obligations shall be the same as if such termination or revocation had not occurred.

  • To the extent in accordance with the provisions above, there are not sufficient moneys in the Surface Parking Surplus Fund to reimburse Guarantor Payments made with respect to Surface Parking Guaranteed Payments, such Guarantor Payments shall be reimbursed from moneys on deposit in the Garage Surplus Fund to the extent that there are sufficient funds therein.

  • Upon payment by the Guarantor of any sums to the Beneficiaries as provided above (a "Guarantor Payment"), all rights of the Guarantor against the Borrower arising as a result thereof by way of right of subrogation, contribution, reimbursement, indemnity or otherwise, shall in all respects be subordinate and junior in right of payment to the prior payment in full in cash of the remaining Obligations owing to the Beneficiaries (after giving effect to all Guarantor Payments).

  • Notwithstanding the foregoing, APCOA shall not be reimbursed for any Guarantor Payments made during an extension of the Target Date pursuant to Section 4(i) of this Lease.


More Definitions of Guarantor Payments

Guarantor Payments. Any payment made a Guarantor pursuant to either of the Guaranties.
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Guarantor Payments means the aggregate amount of all payments of principal in respect of the Guaranteed Obligations made directly by the Guarantors (and not by means, direct or indirect, of any dividend, payment or other contribution or otherwise from the Panini Entities) to the Agent, on behalf of the Holders, including, without limitation, the Effective Date Payment. For the avoidance of doubt, any payment by the Guarantors of any interest or other amounts (other than principal) payable by Panini under the Panini Loan Documents after the Consummation Date shall not be deemed Guarantor Payments.
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Guarantor Payments means Guarantor Payments as defined in Section 5.09(b) hereof.
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Guarantor Payments means any payment made by any Guarantor to a Secured Party under the Global Guarantee.
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Guarantor Payments is defined in Section 6(d) of this Lease.
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Guarantor Payments means with respect to an LTM Period, the amount of cash paid during such LTM Period by the Company or the Subsidiary Guarantors on behalf of Non- Guarantor Restricted Subsidiaries in respect of operating expenses, interest payments and capital expenditures of the Non-Guarantor Restricted Subsidiaries plus an amount equal to the amount of corporate overhead recorded during the LTM Period that is allocable to the Non-Guarantor Subsidiaries, based on the percentage of consolidated revenue during the LTM Period that was contributed by the Non-Guarantor Restricted Subsidiaries.
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Related to Guarantor Payments

  • Guarantor Payment as defined in Section 5.11.3.

  • Guarantor Payment Date means (a) prior to the delivery of a Guarantor Default Notice, the date falling on the 10th day of February, May, August and November of each year or, if such day is not a Business Day, the immediately following Business Day, provided that the fist Guarantor Payment Date will be 10 February 2014; and (b) following the delivery of a Guarantor Default Notice, any day on which any payment is required to be made by the Representative of the Covered Bondholders in accordance with the Post-Enforcement Priority of Payments, the relevant Final Terms and the Intercreditor Agreement.

  • Guarantor Subordinated Obligation means, with respect to a Subsidiary Guarantor, any Indebtedness of such Subsidiary Guarantor (whether outstanding on the Issue Date or thereafter Incurred) which is expressly subordinate in right of payment to the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee pursuant to a written agreement.

  • Intercompany Indebtedness means Indebtedness of Company or any of their respective Subsidiaries which is owing to any member of such group.

  • Non-Guarantor Subsidiaries means, as of any date of determination, a collective reference to:

  • Non-Guarantor Subsidiary means any Restricted Subsidiary that is not a Guarantor.

  • Guaranteed Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank.

  • Guarantor Subsidiary means each Guarantor other than Holdings.

  • Refunded Obligations means, collectively, the Refunded Notes, if any, and the Refunded Bonds, if any, refunded by each Series.

  • Non-Guarantor Restricted Subsidiary means any Restricted Subsidiary that is not a Subsidiary Guarantor.

  • Interest Swap Obligations means the obligations of any Person pursuant to any arrangement with any other Person, whereby, directly or indirectly, such Person is entitled to receive from time to time periodic payments calculated by applying either a floating or a fixed rate of interest on a stated notional amount in exchange for periodic payments made by such other Person calculated by applying a fixed or a floating rate of interest on the same notional amount and shall include, without limitation, interest rate swaps, caps, floors, collars and similar agreements.