Acceptable Guarantees Clause Samples

The Acceptable Guarantees clause defines the types of financial or performance guarantees that a party must provide to satisfy contractual obligations. Typically, this clause outlines the forms of security that are considered valid, such as bank guarantees, letters of credit, or insurance bonds, and may specify requirements regarding the issuing institution or the guarantee's duration. Its core practical function is to ensure that the party receiving the guarantee has adequate assurance of performance or payment, thereby reducing the risk of default and providing a clear standard for what constitutes acceptable security under the agreement.
Acceptable Guarantees. Each of the Obligors shall at all times during the Loan Period maintain Loan A fully secured by guarantees acceptable to Eksportfinans.
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Acceptable Guarantees. The National Securities Commission may reject any guarantee that does not represent sufficient collateral for the liquidation of the obligations resulted from the OPA, or to demand the replacement of the same when they are granted by credit entities or insurance companies that does not have a proven economic capacity to guarantee the compliance of the obligations originated in the OPA, by others that can comply with it. When the consideration offered consists of money, the guarantee must be constituted for the total amount of the offer and may be in money, through the guarantee of a credit entity, or through a bond issued by an insurance company. When the consideration offered consists of securities, the offeror shall prove the availability of the same and how they may affect on the result of the offering by trusting their custody to a third party not related to the transaction, with specific instructions for their usage as liquidation for the obligations resulting from the OPA. In the case of physical titles, said accreditation may be carried out through their deposit in a clearing corporation or any other entity authorized by the Commission and the delivery of the corresponding certification to the third party not related to the transaction. In the case of titles represented by accounting entries or securities entitlements over the financial assets in custody accounts, the accreditation of their availability could be done through the delivery of the certification issued by the issuer or its representative regarding such rights. When the consideration is offered in portions of cash and securities determined by minimum and maximum percentages, the guarantee shall be constituted as follows. a) For the cash portion, the amount that represents the maximum amount to be paid; b) For the securities portion, the values representing the maximum amount to be paid shall be given in the custody of a third party not related to the transaction.
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Related to Acceptable Guarantees

  • Pari Passu Guarantees The obligations of the Guarantor under this Guarantee Agreement shall rank pari passu with any similar guarantee agreements issued by the Guarantor on behalf of the holders of preferred or capital securities issued by the Issuer Trust and with any other security, guarantee or other obligation that is expressly stated to rank pari passu with the obligations of the Guarantor under this Guarantee Agreement.

  • EXCLUSIVE GUARANTEES The only performance guarantees applicable to the Aircraft are those set forth in this Attachment.

  • Performance Guarantees Contractor agrees to provide the County the performance guarantees specified in Attachment A and to pay any penalties incurred in accordance with the terms of Attachment A.

  • Additional Guarantees If the Company or any of its Restricted Subsidiaries organize, acquire or otherwise create or invest in another Person that is or becomes a Domestic Restricted Subsidiary that is not a Guarantor, then the Company shall cause such Domestic Restricted Subsidiary that is not a Guarantor to: (1) execute and deliver to the Trustee a supplemental indenture in form and substance reasonably satisfactory to the Trustee pursuant to which such Domestic Restricted Subsidiary shall unconditionally guarantee on a senior secured basis all of the Company’s obligations under the Notes and this Indenture on the terms set forth in this Indenture; (2) execute and deliver to the Collateral Agent, amendments to the Collateral Agreements and take such other actions as the Collateral Agent deems reasonably necessary in order to grant to the Collateral Agent, for the benefit of the Holders, a perfected Lien in the assets, including the filing of UCC financing statements in such jurisdictions as may be required by the Collateral Agreements, by law or as may be reasonably requested by the Collateral Agent; (3) take such further action and execute and deliver such other documents specified in this Indenture or otherwise reasonably requested by the Trustee to effectuate the foregoing; and (4) deliver to the Trustee an Opinion of Counsel that such supplemental indenture and Note Guarantee, and amendments to the Collateral Agreements and any other documents required to be delivered have been duly authorized, executed and delivered by such Domestic Restricted Subsidiary and constitute legal, valid, binding and enforceable obligations of such Domestic Restricted Subsidiary and such other opinions regarding the perfection of such Liens in the assets of such Domestic Restricted Subsidiary. Thereafter, such Domestic Restricted Subsidiary shall be a Guarantor for all purposes of this Indenture.

  • Other Guarantees Unless otherwise agreed by Administrative Agent and Guarantors in writing, this Guaranty is not intended to supersede or otherwise affect any other guaranty now or hereafter given by Guarantors for the benefit of the Credit Parties or any term or provision thereof.