parent guaranty

parent guaranty
USA
downstream guaranty, Also known as a parent guaranty.
A guaranty whereby a parent company, as guarantor, assumes the responsibility for the payment or performance of an action or obligation of its subsidiary by agreeing to compensate the beneficiary in the event of such non-payment or performance.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • downstream guaranty — USA downstream guaranty, Also known as a parent guaranty. A guaranty whereby a parent company, as guarantor, assumes the responsibility for the payment or performance of an action or obligation of its subsidiary by agreeing to compensate the… …   Law dictionary

  • cross-stream guaranty — USA cross stream guaranty, Also known as a cross guaranty. A guaranty of debt or other obligations from a sister affiliate of the debtor. Glossary downstream guaranty ( …   Law dictionary

  • cross guaranty — USA cross stream guaranty, Also known as a cross guaranty. A guaranty of debt or other obligations from a sister affiliate of the debtor. Glossary downstream guaranty ( …   Law dictionary

  • upstream guaranty — USA upstream guaranty, Also known as a subsidiary guaranty. A guaranty of debt or other obligations from a subsidiary of the debtor. Glossary cross stream guaranty ( …   Law dictionary

  • subsidiary guaranty — USA upstream guaranty, Also known as a subsidiary guaranty. A guaranty of debt or other obligations from a subsidiary of the debtor. Glossary cross stream guaranty ( …   Law dictionary

  • good guy guaranty — USA A form of guaranty used in a leasing context. Usually a good guy guaranty is delivered by the tenant s parent or principal. As the guarantor, the tenant s parent or its principal assumes the tenant s payment and performance obligations under… …   Law dictionary

  • Comics Guaranty — LLC Type Private Industry Collectibles Founded Parsippany, New Jersey (January 4, 2000) Headquarters …   Wikipedia

  • Comics Guaranty LLC — Infobox Company name = Comics Guaranty LLC type = Private foundation = Parsippany, New Jersey (January 4, 2000) founder = location = Sarasota, Florida area served = Worldwide key people = Mark Haspel, President and Primary Grader [… …   Wikipedia

  • net worth guaranty — USA A clause which limits the amount of a guaranty, usually to 80% to 95% of a guarantor s fair market net worth for the purpose of avoiding fraudulent conveyance liability. Such liability may result if the guarantor does not receive equivalent… …   Law dictionary

  • cross stream guaranty — A phrase sometimes used to describe a guaranty of a loan to a borrowing entity when the borrowing entity is affiliated with the guarantor corporation through common ownership but is neither a parent nor a subsidiary corporation. For the purposes… …   Financial and business terms

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”