Seller Guaranty definition

Seller Guaranty has the meaning set forth in Section 3.01.

Seller Guaranty means a guaranty of payment and performance issued by a Seller Guarantor in the form attached to this Agreement as Exhibit V or in such other form as may be acceptable to Purchaser acting reasonably.

Seller Guaranty shall have the meaning set forth in Section 6.1(a) hereof.

Examples of Seller Guaranty in a sentence

• If the Seller Guarantor ceases to be an Acceptable Guarantor, then Seller shall be required to either (i) provide a replacement Seller Guaranty from a different Acceptable Guarantor, or (ii) replace the Seller Guaranty provided by the unqualified Seller Guarantor with a Seller Letter of Credit meeting the criteria set forth in this Article 16, in each case, no later than ten (10) Business Days after such the Guarantor ceases to be an Acceptable Guarantor.

• Seller shall have the right in its sole discretion to post a Seller Letter of Credit or a Seller Guaranty (or a combination thereof) for its security posting obligations under this Section 16.1 so long as such security meets the requirements for such security set out in this Article 16.

• The remaining directors shall thereafter appoint a successor, which shall be a property owner, to fill the remainder of the resigning director’s term.

• Amounts drawn pursuant to Section 16.2(iii) and (iv) may be applied to amounts owed under Section 16.2(i) and (ii) and shall otherwise be held in an interest bearing escrow account and returned to Seller upon Seller’s replacement of such Seller Letter of Credit or Seller Guaranty with a replacement Seller Letter of Credit or Seller Guaranty meeting the requirements of Section 16.1.

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More Definitions of Seller Guaranty

Seller Guaranty has the meaning set forth in Section 2.08(a).

Seller Guaranty means any guaranty, letter of credit, letter of comfort, indemnity or contribution agreement or other similar agreement entered into by Seller or any of its Affiliates in favor of any third party with respect to any actual or potential liability or obligation of the Companies or Subsidiaries to such third party.

Seller Guaranty means any guaranty, letter of credit, indemnity or contribution agreement or other similar agreement entered into by any Seller in favor of any third party guaranteeing or assuring such third party of the payment of any actual or potential Liability or obligation of a Purchased Company or the Business to such third party.

Seller Guaranty has the meaning set forth in Section 14.01.

Seller Guaranty means the guaranty agreement that has been issued by the Seller Guarantor and delivered to Buyer on the Effective Date, a copy of which is attached hereto as Exhibit E-2.

Seller Guaranty means any guaranty issued by Seller or any of its Affiliates (other than the Company) on behalf of or in support of the Company or in connection with the Rolling Mill Business, and any keepwell, net worth maintenance agreement, letter of credit, surety bond, customs bond, reimbursement obligation or letter of comfort imposing any obligations on Seller or its Affiliates (other than the Company) in connection with the Rolling Mill Business, including those set forth in Schedule 5.15.

Seller Guaranty has the meaning given to it in Section 2.4(b).