Permitted Guarantee has the meaning ascribed to it in Clause 22.13 (Guarantees).
Permitted Guarantee means (a)(i) any guarantee arising under the Notes Documents and (ii) any guarantee arising under the Second Lien Notes Documents (but excluding any additional Second Lien Notes (other than additional Second Lien Notes issued in respect of interest paid in kind thereunder)) and the SN Interest Second Lien Notes Documents (but excluding any additional SN Interest Second Lien Notes (other than additional SN Interest Second Lien Notes issued in respect of interest paid in kind thereunder)) granted by an Obligor (on a pari passu or junior-ranking basis as compared to the respective Note Guarantee); (b) any guarantee in respect of the Termed Out Amount in a maximum principal amount not exceeding the principal amount of the Termed Out Amount immediately following the Restructuring Effective Date, or Permitted Financial Indebtedness incurred under clause (k) or (l) of the definition thereof or any Permitted Refinancing Indebtedness in respect thereof; (c) any guarantee issued by a member of the Group in the ordinary course of business and not in respect of Financial Indebtedness, including for the avoidance of doubt, any guarantee given to ship-managers or ship-owners in relation to vessel charter contracts or capacity offtake agreements, in each case in the ordinary course of business; (d) any guarantee issued by a member of the Group in respect of the Permitted Financial Indebtedness of another member of the Group; provided that the aggregate outstanding principal amount of guarantees issued after the Restructuring Effective Date by Obligors in respect of Financial Indebtedness of members of the Group that are not Obligors shall not exceed at any time $300,000,000 (or its equivalent in another currency or currencies), plus the Available Amount that is Not Otherwise Applied, less the aggregate principal amount of loans made by Obligors to members of the Group that are not Obligors pursuant to clause (b) of the definition of Permitted Loan, less the total amount of cash and non-cash consideration paid for Equity Interests issued pursuant to clause (d)(vi) of the definition of Permitted Share Issue (not including any consideration paid for any Equity Interests issued by non-Obligors to Obligors as a result of the requirements of applicable law) as such amount may be reduced by the aggregate amount of dividends and share capital redemptions received by any Obligor in respect of any such Equity Interests pursuant to clause (d)(vi) of the definition of Permitted Shar...
Permitted Guarantee means a guarantee or indemnity from an entity with a Required Rating in respect of Party A’s obligations under the Swap Transaction in a form and substance reasonably satisfactory to the Trustee and the Issuer and on substantially the same terms as the Credit Support Document relating to the Swap Transaction;
Examples of Permitted Guarantee in a sentence
Paragraph (a) above does not apply to any Permitted Loan or Permitted Guarantee.
The 1998 plan projected an average of 2.65 persons per household by 2005.
The failure by Party A to procure a Permitted Guarantee or effect a Permitted Transfer contemplated by sub-paragraph (B) above shall constitute an Additional Termination Event where Party A is the Affected Party and the Swap Transaction and the Transaction for which this Annex constitutes the Confirmation shall be the Affected Transactions.
In the event that Party A and Party B fail to reach the agreement contemplated in sub- paragraph (A) above within such 10 calendar day period Party A shall effect a Permitted Transfer or procure a Permitted Guarantee.
The Issuer shall not, and shall procure that no other Restricted Group Company or EVA Subsidiary will, be a creditor in respect of any Financial Support to or for the benefit of any person other than any Permitted Loan, any Permitted Guarantee or Permitted Security.
More Definitions of Permitted Guarantee
Permitted Guarantee has the meaning given to that term in Clause 22.12 (Third party guarantees);
Permitted Guarantee means (a) any guarantee arising under the Finance Documents; (b) any guarantee arising under the Bridge Facility or the French Revolving Facility, the Debt Refinancing Securities, the Demand Securities, Permitted Financial Indebtedness incurred under clause (p) of the definition thereof or any Permitted Refinancing Indebtedness in respect thereof; (c) any guarantee issued by a member of the Group in the ordinary course of business and not in respect of Financial Indebtedness, including for the avoidance of doubt, any guarantee given to ship-managers or ship-owners in relation to vessel charter contracts in the ordinary course of business; (d) any guarantee issued by a member of the Group in respect of the Financial Indebtedness of another member of the Group; provided that the aggregate outstanding amount of guarantees issued after the Closing Date by Obligors in respect of Financial Indebtedness of members of the Group that are not Obligors shall not exceed the greater of (i) $250,000,000 (or its equivalent in another currency or currencies) and (ii) 5% of the total assets of the Group, in each case less the total amount of Permitted Financial Indebtedness incurred under clause (k) of the definition thereof; (e) any guarantee or indemnity or liability to which the Administrative Agent (acting on the instructions of the Majority Lenders) has consented in writing; or (f) all guarantees (other than those permitted pursuant to clauses (a) to (e) above) issued by members of the Group that are not Obligors the aggregate outstanding amount of which does not exceed the greater of (i) $250,000,000 (or its equivalent in another currency or currencies) and (ii) 5% of the total assets of the Group, in each case less the total amount of Permitted Financial Indebtedness incurred under clause (s) of the definition thereof.
Permitted Guarantee means “Permitted Guarantee” as defined in the Senior Facility Agreement.
Permitted Guarantee means any Guarantee that is (a) an endorsement of a check for collection in the ordinary course of business or (b) a Guarantee of and only of the obligations of the Loan Parties under the Loan Documents.
Permitted Guarantee means any (i) unsecured guarantee by the Borrower (or similar instrument providing unsecured recourse to Borrower) of up to 5% of the obligations of, or commitments to, an SPE under any Permitted SPE Financing, plus any expenses related to the enforcement thereof, (ii) unsecured guarantee by the Borrower (or similar instrument providing unsecured recourse to Borrower) of the obligations of, or commitments to, an SPE under any Permitted SPE Financing, plus any expenses related to the enforcement thereof, which guarantee is triggered upon the occurrence of certain actions or omission to act by the Borrower, applicable SPE and other related persons, or (iii) the payment of any expenses of an SPE in connection with the SPE’s establishment and entry into a Permitted SPE Financing.
Permitted Guarantee means any guarantee or indemnity:
Permitted Guarantee means any guarantee or guarantees issued by Rentokil Initial 1927 plc in an amount not exceeding £10,000,000 (or its equivalent in any other currency) in aggregate.