New Guarantor definition

New Guarantor means each Person who becomes a Guarantor in relation to the Securities by executing a New Guarantor Supplemental Indenture, in each case unless and until such Guarantor has been released from its Guarantee pursuant to Section 1302.

New Guarantor has the meaning set forth in Section 8.24.

New Guarantor has the meaning given to such term in Section 8.14(a).

Examples of New Guarantor in a sentence

• As from date on which the New Guarantor takes over its function or the effective date of the Event, if this date is earlier, the Guarantor shall be released from its obligations with respect to the Guarantee Commitment, after payment of the sums due with respect to any implementation of the Guarantee Commitment according to the terms and conditions provided for in Article II of the Guarantee Commitment (following unit redemption requests sent to the Management Company before this date).

• Each Continuing Guarantor [and each New Guarantor] hereby represents, warrants and covenants that (a) each of the representations, warranties and covenants set forth in Section 15 of the Guaranty is true and correct as of the Effective Date and (b) Exhibits A, B and C to the Guaranty, as modified by the Schedules attached to this Reaffirmation, are true and correct as of the Effective Date.

• Schedule III to [ ] Reaffirmation and Amendment of Support Guaranty and Security Agreement EXHIBIT B Guarantors and Ownership Interests Guarantor Name and Address Guarantor State of Formation and Type of Entity / State of Residence Borrower Ownership Interests *Denotes New Guarantor added by this Reaffirmation.

• The New Guarantor agrees to be bound by all of the provisions of the Indenture applicable to a Guarantor and to perform all of the obligations and agreements of a Guarantor under the Indenture.

• New Guarantor unconditionally assumes and agrees to be bound by all terms, provisions, and covenants of the Guaranty.

More Definitions of New Guarantor

New Guarantor at any time, a Subsidiary that is a party to a New Guarantee at such time.

New Guarantor shall have the meaning set forth in Section 4.4.

New Guarantor means, with respect to any Vessel delivered after the effectiveness of the Amendment and Restatement No.4, the Subsidiary of the Borrower that (a) directly owns the Equity Interests of the Principal Subsidiary that acquired such Vessel and (b) delivers an Additional Guarantee.

New Guarantor has the meaning specified in Section 6.13(a).

New Guarantor shall have the meaning set forth in Section 5.13(a).

New Guarantor. [Name of New Guarantor] Address: _________________________ By: ______________________________ _________________________ Name: ____________________________ _________________________ Title: ___________________________

New Guarantor has the meaning given in Section 3.6(k) of the Financing Agreement. “Notes” has the meaning given in Section 2.6 of the Financing Agreement.