Principal Guarantee definition

Principal Guarantee means the guarantee by the Company of distributions on the Preferred Securities of a Principal Trust to the extent provided in the Guarantee Agreement, substantially in the form attached hereto as Annex C, or substantially in such form as may be specified as contemplated by Section 301 with respect to the Securities of any series, in each case as amended from time to time.
Principal Guarantee and “Principal Guarantees” has the meaning set forth in Section 7.3.E(4) hereof.
Principal Guarantee or “Principal Guarantees” means an agreement, or agreements, in substantially the form attached hereto as Exhibits E-1 and E-2 or in such other form as may be reasonably acceptable to the lender and such Contributor Principal and providing substantively the same benefits to such Contributor Principal as the form attached hereto as Exhibits E-1 and E-2. By their execution and delivery hereof, each Contributor Principal acknowledges that it has been provided the opportunity to execute a Principal Guarantee for the Xxxxxxx Court I HCP Loan and/or Xxxxxxx Court II HCP Loan as of the Effective Date, and if such Contributor Principal has exercised such opportunity, it has executed and delivered such Principal Guarantee to HCP, in each case as of the Effective Date. Notwithstanding anything to the contrary contained herein: (i) the Managing Member shall not be treated as failing to satisfy its obligation to provide to each Contributor Principal the opportunity for a Principal Guarantee hereunder if, after consultation with its tax advisors, the Managing Member reasonably believes that any Principal Guarantee to be executed by the Contributor Principal will not be recognized as an obligation of a partner or related person to make a payment pursuant to the Treasury Regulations promulgated under Code Section 752, including Proposed Treasury Regulations Section 1.752-2(j)(3); and (ii) any Contributor Principal that fails to execute and deliver a Principal Guarantee (A) with respect to the Xxxxxxx Court I HCP Loan and/or Xxxxxxx Court II HCP Loan as of the Effective Date, or (B) with respect to any Replacement Indebtedness for the Existing Indebtedness as of the date such Replacement Indebtedness is incurred, shall, in either case, be deemed to have elected not to exercise its opportunity to execute a Principal Guarantee with respect thereto and the Managing Member shall have no further obligation to provide such opportunity to execute and deliver a Principal Guarantee for the benefit of such Contributor Principal with respect to the Xxxxxxx Court I HCP Loan, Xxxxxxx Court II HCP Loan or any Replacement Indebtedness with respect to the Xxxxxxx Court I HCP Loan, Xxxxxxx Court II HCP Loan or the Existing Indebtedness.

Examples of Principal Guarantee in a sentence

  • Only ONE of the following Riders may be elected) [_] Principal Guarantee (GWB)* [_] Single Life - Lifetime Withdrawal Guarantee (LWG) (2008) [_] Joint Life - Lifetime Withdrawal Guarantee (LWG) (2008) *GWB is the only Living Benefit Rider available for Decedent IRAs. 2) DEATH BENEFIT RIDERS (Check one.

  • Outstanding Principal Guarantee Agency Balance Percent -------------------------------------------------------------------------------------- Education Assistance Corporation ..................

  • Outstanding Principal Guarantee Agency Balance Percent ------------------------------------------------------------------------------------------------- Education Assistance Corporation......................

  • Outstanding Principal Guarantee Status Balance Percent ---------------------------------------------------------------------------------------------- FFELP Loan Guaranteed 100% .........................

  • Outstanding Principal Guarantee Status Balance Percent ------------------------------------------------------------------------- FFELP Loan Guaranteed 100%..........

  • Outstanding Principal Guarantee Agency Balance Percent ---------------------------------------------------------------------------------------------- Education Assistance Corporation ...................

  • Only ONE of the following Riders may be elected) [_] Guaranteed Minimum Income Benefit (GMIB) [_] Guaranteed Minimum Income Benefit Plus (GMIB PLUS) (2008) [_] Principal Guarantee (GWB) [_] Principal Guarantee Value (GWB) [_] Single Life - Lifetime Withdrawal Guarantee (LWG) (2008) [_] Joint Life - Lifetime Withdrawal Guarantee (LWG) (2008) 2) DEATH BENEFIT RIDERS (Check one.

  • Outstanding Principal Guarantee Status Balance Percent ------------------------------------------------------------------------------------------------------------ FFELP Loan Guaranteed 100%..........................................

  • Outstanding Principal Guarantee Status Balance Percent ---------------------------------------------------------------------- FFELP Loan Guaranteed 100%.........$ 833,869.26 0.2% FFELP Loan Guaranteed 98%..........

  • Outstanding Principal Guarantee Status Balance Percent ------------------------------------------------------------------------------------------------- FFELP Loan Guaranteed 100%..................................


More Definitions of Principal Guarantee

Principal Guarantee or “Principal Guarantees” means an agreement, or agreements, in substantially the form attached hereto as Exhibits E-1 and E-2 or in such other form as may be reasonably acceptable to the lender and such Contributor Principal and providing substantively the same benefits to such Contributor Principal as the form attached hereto as Exhibits E-1 and E-2. By its execution and delivery hereof, each Non-Managing Member acknowledges that each of its applicable Contributor Principals has been provided the opportunity to execute a Principal Guarantee for the Xxxxxxx Court I HCP Loan and/or Xxxxxxx Court II HCP Loan as of the Effective Date, and if such Contributor Principal has exercised such opportunity, it has executed and delivered such Principal Guarantee to HCP as the lender thereunder, in each case as of the Effective Date; or”
Principal Guarantee or “Principal

Related to Principal Guarantee

  • Financial guarantee means a performance bond, maintenance bond, surety bond, irrevocable letter of credit, or similar guarantees submitted to the [administering authority] by the responsible party to assure that requirements of the ordinance are carried out in compliance with the storm water management plan.

  • Subsidiary Guarantee Agreement means the Subsidiary Guarantee Agreement, substantially in the form of Exhibit D, made by the Subsidiary Loan Parties in favor of the Administrative Agent for the benefit of the Lenders.

  • Subsidiary Guarantee means any guarantee of the obligations of the Issuers under this Indenture and the Notes by any Subsidiary Guarantor in accordance with the provisions of this Indenture.

  • Subsidiary Guaranty Agreement means each unconditional guaranty agreement executed by the Subsidiary Guarantors in favor of the Administrative Agent for the ratable benefit of the Secured Parties, substantially in the form of Exhibit H, as amended, restated, supplemented or otherwise modified from time to time.

  • Original Guarantor means the Persons identified as such in the first paragraph of this Indenture until a successor Person shall have become such pursuant to the applicable provisions of this Indenture, and thereafter each such successor Person shall be an “Original Guarantor”.

  • Corporate Guarantee means the guarantee required to be executed hereunder by the Corporate Guarantor in such form as the Bank may agree or require ;

  • Guarantee means a guarantee (other than by endorsement of negotiable instruments for collection in the ordinary course of business), direct or indirect, in any manner (including letters of credit and reimbursement agreements in respect thereof), of all or any part of any Indebtedness or other obligations.

  • Parent Guarantee means the guarantee by Parent Guarantor of the obligations of the Issuer under this Indenture and the Securities in accordance with the provisions of this Indenture.

  • Permitted SBIC Guarantee means a guarantee by the Borrower of Indebtedness of an SBIC Subsidiary on the SBA’s then applicable form, provided that the recourse to the Borrower thereunder is expressly limited only to periods after the occurrence of an event or condition that is an impermissible change in the control of such SBIC Subsidiary (it being understood that, as provided in clause (s) of Article VII, it shall be an Event of Default hereunder if any such event or condition giving rise to such recourse occurs).

  • Additional Guarantor means a company which becomes an Additional Guarantor in accordance with Clause 25 (Changes to the Obligors).

  • Guarantee Agreement means this Guarantee Agreement, as modified, amended or supplemented from time to time.

  • Subsidiary Guaranty means the Subsidiary Guaranty made by the Subsidiary Guarantors in favor of the Administrative Agent and the Lenders, substantially in the form of Exhibit G.

  • Subsidiary Guaranties means the Domestic Subsidiary Guaranty and each Foreign Subsidiary Guaranty.

  • Swap Guarantee If so specified in the Supplement with respect to any Series, the guarantee issued by the Swap Guarantor in favor of the Trust substantially in the form attached as an exhibit to the Swap Agreement.

  • Parent Company Guarantee means a parent company guarantee to be delivered by the Supplier pursuant to Clause 5.6;

  • Note Guarantee means the Guarantee by each Guarantor of the Company’s obligations under this Indenture and the Notes, executed pursuant to the provisions of this Indenture.

  • Guaranty Agreement means an agreement executed by the Guarantors in substantially the form of Exhibit F-2 unconditionally guarantying on a joint and several basis, payment of the Indebtedness, as the same may be amended, modified or supplemented from time to time.

  • Guarantee Agreements means the Parent Guarantee Agreement and the Subsidiary Guarantee Agreement.

  • Original Guarantors shall have the meaning assigned to such term in the Preamble hereof.

  • Limited Guarantee has the meaning set forth in the Recitals.

  • Guaranty means, with respect to any Person, any obligation (except the endorsement in the ordinary course of business of negotiable instruments for deposit or collection) of such Person guaranteeing or in effect guaranteeing any indebtedness, dividend or other obligation of any other Person in any manner, whether directly or indirectly, including (without limitation) obligations incurred through an agreement, contingent or otherwise, by such Person:

  • Guarantee of the Notes means the guarantee of the Notes given by the Guarantor in the Deed of Guarantee;

  • Additional Guarantors shall have the meaning assigned to such term in the Preamble hereof.

  • Qualifying Affiliate Guarantee means a Qualifying Guarantee provided by a Reference Entity in respect of an Underlying Obligation of a Downstream Affiliate of that Reference Entity.