Spanish Guarantor definition

Spanish Guarantor means a Subsidiary Guarantor incorporated in Spain.

Spanish Guarantor means each Guarantor that is organized under Spanish law.

Spanish Guarantor a Guarantor resident for tax purposes in Spain.

Examples of Spanish Guarantor in a sentence

• Further, the maximum amount of any guarantee provided by a Spanish Obligor shall be limited to the amount that would make the net worth of the Spanish Guarantor reduce to two thirds of its share capital, or, in any case, to the amount that would render the Spanish Obligor unable to pay its debts as they fall due or need to enter into negotiations with its creditors and/or file for the opening of bankruptcy (concurso) proceedings minus one euro.

• For the sake of clarity, any Spanish Guarantor acknowledges that the guarantee provided by it under this Section 10.01 must be construed as a first demand guarantee (garantía a primera demanda) and not as a guarantee (fianza) and, therefore, the benefits of preference (excusión), order (orden) and division (división) shall not be applicable.

• Without limiting the foregoing, any Spanish Guarantor acknowledges that the guarantee provided by it under this Clause 2.1 must be construed as a first demand guarantee (garantía a primera demanda) and not as a performance bond (fianza) and, therefore, the benefits of preference (excusión), order (orden) and division (división) shall not be applicable.

More Definitions of Spanish Guarantor

Spanish Guarantor means a Guarantor incorporated in Spain.

Spanish Guarantor has the meaning set forth in Section 10.06.

Spanish Guarantor means CNWL Oil (Espana), S.A., a company formed under the laws of Spain, and its successors.

Spanish Guarantor means any Guarantor incorporated under the laws of Spain.

Spanish Guarantor means a Spanish Borrower and each Person that is a party to this Agreement as a Spanish Guarantor, or that becomes a party to this Agreement as a Spanish Guarantor pursuant to a Spanish Guarantor Joinder Agreement pursuant to Section 5.14(a) and/or (d). General Cable Holdings (Spain) SL shall become a party to the Credit Agreement by accession as Spanish Guarantor on or about the Effective Date.

Spanish Guarantor has the meaning specified in Section 11.16.

Spanish Guarantor means: (1) each Wholly Owned Subsidiary of Holdings organized under the laws of Spain (other than any Excluded Subsidiary) on the Closing Date or (2) each Wholly Owned Subsidiary of Holdings organized under the laws of Spain that becomes, or is required to become, a party to the Spanish Security Documents after the Closing Date pursuant to Section 5.10.