Parent Company Guaranty definition
Examples of Parent Company Guaranty in a sentence
In the event that Tucson Electric Power elects to assign this Agreement to another party, at least one of the Owners will provide Contractor a Parent Company Guaranty acceptable to the Parties.
The representations and warranties of the Issuer in this Agreement and the representations and warranties of the Parent Company in the Parent Company Guaranty shall be correct when made and on the Effective Date.
The Contractor’s obligations of payment and performance under this Agreement and the Parent Company Guaranty shall be secured by a Letter of Credit issued by a Qualified Commercial Bank.
Capitalized terms used herein and not otherwise defined shall have the meanings given in the Parent Company Guaranty.
Any purchase of the Notes permitted by SECTION 8.5 hereof or Section 4.4 of the Parent Company Guaranty or prepayment of the Notes accepted under SECTION 8.7 shall be applied in accordance with SECTION 8.3 to reduce the principal amount of each required prepayment of the Notes becoming due under SECTION 8.1 on and after the date of such prepayment or purchase in the same proportion as the aggregate unpaid principal amount of the Notes is reduced as a result of such prepayment or purchase.
The Company will provide each holder of the Notes (irrespective of the amount of Notes then owned by it) with sufficient information, sufficiently far in advance of the date a decision is required, to enable such holder to make an informed and considered decision with respect to any proposed amendment, waiver or consent in respect of any of the provisions hereof or of the Notes, the Parent Company Guaranty or the Subsidiary Guaranty.
No course of dealing between the Parent Company or any of its Subsidiaries (including, without limitation, the Company) and the holder of any Note nor any delay in exercising any rights hereunder or under any Note, the Parent Company Guaranty or the Subsidiary Guaranty shall operate as a waiver of any rights of any holder of such Note.
The Issuer and the purchasers of the 2006 Notes shall have duly executed and delivered the 2006 Note Purchase Agreement, which among other things, provides for the issuance of the 2006 Notes and for covenants and agreements substantially the same as those contained herein and in the Parent Company Guaranty, in form and substance reasonably satisfactory to each Noteholder, and the 2006 Note Purchase Agreement and the 2006 Guaranty Agreement shall be in full force and effect.
The obligations of the Issuer under this Section 15 will survive the payment or transfer of any Note, the enforcement, amendment or waiver of any provision of this Agreement, the Notes or the Parent Company Guaranty, and the termination of this Agreement.
Except for the Talos Parent Company Guaranty, neither of the Companies nor any Affiliate thereof has issued any bonds, letters of credit or other similar credit support instruments with respect to the obligations of either of the Companies.