Successor Guarantor definition

Successor Guarantor shall have the meaning specified in Section 11.02(a)(i).

Successor Guarantor has the meaning ascribed to it in Section 4.01 hereof.

Successor Guarantor has the meaning assigned to such term in Section 5.01(b)(1).

Examples of Successor Guarantor in a sentence

• Assignment of the guaranty will not be permitted except with the prior written consent of PECO, except in the case of a Successor Guarantor as defined below (see sample assignment language).

• Except as otherwise provided in the PIK Notes Indenture, the Successor Guarantor (if other than such Guarantor) will succeed to, and be substituted for, such Guarantor under the PIK Notes Indenture and such Guarantor's Guarantee, and such Guarantor will automatically be released and discharged from its obligations under the PIK Notes Indenture and such Guarantor's Guarantee.

• Pursuant to Condition 9.2 below and the provisions of the Trust Deed, the occurrence of a Permitted Transaction (as defined in Condition 9.2) may require a Successor Guarantor or an Additional Guarantor, as the case may be, to provide a Guarantee in respect of the Notes and the Trust Deed.

• Mortgagor shall pay all costs and expenses incurred by State Farm relating to the approval of the proposed Successor Guarantor and the preparation and review of the Guaranty Documents, including, without limitation, the fees and expenses of State Farm’s outside counsel.

• Except as otherwise provided in this Indenture, the Successor Guarantor (if other than such Guarantor) will succeed to, and be substituted for, such Guarantor under this Indenture, such Guarantor’s Guarantee and the Security Documents, and in such event such Guarantor will automatically be released and discharged from its obligations under this Indenture, such Guarantor’s Guarantee and the Security Documents.

More Definitions of Successor Guarantor

Successor Guarantor has the meaning specified in Section 8.02 of this Indenture.

Successor Guarantor is defined in Section 7.10.

Successor Guarantor has the meaning specified in Section 7.04(b)(i).

Successor Guarantor has the meaning provided in Section 3.06(i).

Successor Guarantor means any Person(s) who have executed and delivered an Endorsement in accordance with Section 5.04(a) or Section 5.04(b).

Successor Guarantor as defined in Section 6.8(c).

Successor Guarantor has the meaning specified in Section 5.02(a).