Guarantee Coverage Sample Clauses

The Guarantee Coverage clause defines the extent and limitations of a guarantor's responsibility for fulfilling the obligations of another party under a contract. Typically, this clause specifies which debts, liabilities, or performance requirements are covered by the guarantee, and may outline any exclusions or conditions that apply. For example, it might state that the guarantor is only liable for specific payments or up to a certain monetary limit. The core function of this clause is to clearly delineate the scope of the guarantor's liability, thereby reducing ambiguity and managing risk for all parties involved.
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Guarantee Coverage. Political Violence 17 4.06 Guarantee Conditions 18 4.07 Coverage of the Guarantee 18 4.08 Binding Guarantees 18 4.09 Timely Demand 19 4.10 No Amendment 19
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Guarantee Coverage. The scope of guaranty of creditor hereunder covers all debts occurred under this contract by the debtor, including but not limited to principals, interest expenses, compounded interests, penalties, processing fees, default expenses, damage compensation, legal fees, escrow fees, taxation expenses, arbitration fees, travel fees, assessment fees, auction fees, property preservation fees, compulsory execution fees and other expenses for realization of the creditor’s right.
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Guarantee Coverage. CUSTOMERs are covered for the following ACUITY UNIFIED COMMUNICATIONS LIMITED services (as described in the ACUITY UNIFIED COMMUNICATIONS LIMITED ORDER FORM): DSL DSL Subject to the other terms of this AGREEMENT, ACUITY UNIFIED COMMUNICATIONS LIMITED will provide SERVICE CREDITS to the CUSTOMER in respect of the unavailability of a LEASED LINE SERVICE as follows: the CUSTOMER will receive one SERVICE CREDIT for each hour the LEASED LINE SERVICE is unavailable, after the first hour each SERVICE CREDIT is worth the equivalent of one day’s fee for the relevant LEASED LINE SERVICE SERVICE CREDITS will be credited by ACUITY UNIFIED COMMUNICATIONS LIMITED against future invoices, up to a maximum of 20 SERVICE CREDITS in any twelve month period The CUSTOMER acknowledges that ACUITY UNIFIED COMMUNICATIONS LIMITED provides the telecommunications network facilities underlying the SERVICE provided. The use of ACUITY UNIFIED COMMUNICATIONS LIMITED’s telecommunications network facilities is subject to the following terms, breach of which may result in suspension or termination of the end-user’s right to use the SERVICE:-
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Guarantee Coverage. 4.1.1 No loan shall be covered by the Guarantee unless such loan, constitutes a Qualified Loan in accordance with the terms and conditions in this Agreement. 4.1.2 For a loan to constitute a Qualified Loan for the purpose of the Guarantee, each such loan shall: (a) be given by a Qualified Lender to a Qualified Borrower for a Qualified Project; (b) not be used to finance any Prohibited Purposes or a Refinancing; (c) be financed by the Arranger in an amount no less than the Arranger’s Loan; (d) comply with the Arranger’s environmental and social standards and “▇▇▇▇’s approach to safeguarding sustainability in support to the power sector in Sub Saharan Africa, December 2016” which is enclosed in Schedule 12; (e) use a sourcing process for material and services in a non-discriminatory and quality oriented fashion; (f) not be in contradiction to the Exclusion List enclosed in Schedule 9; (g) together with the other Qualified Loans of the same Qualified Borrower exceed the Minimum Guaranteed Qualified Loan Amount (i.e. EUR 50,000); (h) together with the other Qualified Loans of the same Qualified Borrower not exceed the Maximum Guaranteed Qualified Loan Amount (i.e. EUR 3,000,000); (i) together with all Qualified Loans of all Qualified Borrowers not exceed the Maximum Guaranteed Amount at such time; (j) be utilised on a date no earlier than as of the Effective Date and no later than the date falling twelve (12) months prior to the Coverage Expiration Date; (k) have a term exceeding a period of six (6) months; (l) have a term not exceeding a period of four (4) years; (m) have a term which expires prior to the date falling five (5) years after the date that this Guarantee Agreement was duly executed by each Party thereto; (n) be made at interest rates and on terms substantially consistent with those generally prevailing among private commercial lenders in each relevant Qualified Borrower’s jurisdiction and otherwise be in form and substance satisfactory to the Guarantor; (o) be identified in the Qualified Loan Schedule, Schedule 6 (Qualified Loan Schedule); (p) be issued in euro, or a currency of any of Kenya, Tanzania, Mozambique, Rwanda, Zambia, Senegal, Zimbabwe, Mali, Sierra Leone or in any other agreed jurisdiction. 4.1.3 No loan shall constitute a Qualified Loan for the purpose of the Guarantee if any remaining part of the total payments of principal, that is not covered by the Guarantee, on such loan is guaranteed by, any other party, including the Guaranto...
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Related to Guarantee Coverage

  • Life Coverage Paragraph 1: The Board shall provide a group term life coverage in the sum of

  • Insurance Coverage The Company and each Subsidiary maintains in full force and effect insurance coverage that is customary for comparably situated companies for the business being conducted and properties owned or leased by the Company and each Subsidiary, and the Company reasonably believes such insurance coverage to be adequate against all liabilities, claims and risks against which it is customary for comparably situated companies to insure.

  • REINSURANCE COVERAGE Reinsurance under this Agreement will apply to insurance issued by Ceding Company on the Plans of Insurance shown in Schedule A. Such Plans of Insurance shall be reinsured with the Reinsurer on an automatic basis, subject to the requirements set forth in Section A below or on a facultative basis, subject to the requirements set forth in Section B below. The specifications for all reinsurance under this Agreement are provided in Schedule A. A. Requirements for Automatic Reinsurance For risks which meet the requirements for automatic reinsurance as set forth below, Reinsurer will participate in a reinsurance pool whereby Reinsurer will automatically reinsure a portion of the insurance risks as indicated in Schedule A. The requirements for automatic reinsurance are as follows: 1. Each life must be a resident of the United States or Canada at the time of application. 2. Each life must be underwritten according to the Ceding Company's standard underwriting practices and guidelines. Any life falling into the category of special underwriting programs will be excluded from this Agreement unless previously agreed to by the Reinsurer via a written amendment. 3. Any risk offered on a facultative basis by the Ceding Company to the Reinsurer or any other company will not qualify for automatic reinsurance under this Agreement for the same risk and same life. 4. The maximum issue age on any risk will be age 85. 5. The mortality rating on each risk must not exceed Table 16, Table P, or 500%, or its equivalent, as shown in the Ceding Company's retention schedule, on a flat extra premium basis. However, one life may be uninsurable if the other life meets the preceding requirements. 6. The total face amount of insurance for the Plans of Insurance in Schedule A to be reinsured on an automatic basis must not exceed the Automatic Issue Limits in Exhibit II. 7. The total amount of insurance issued and applied for in all companies on each life must not exceed the jumbo limits as stated in Exhibit II. 8. The Ceding Company shall retain it's maximum limit of retention for the age and risk classification of each life, as shown in Exhibit II, either on previous insurance or insurance currently applied for.

  • Life Insurance Coverage a) Fifteen thousand ($15,000) dollars life insurance policy with AD&D from an insurance carrier selected by the Board, subject to the provisions of this section. b) Employees who have Board-provided term life insurance shall have a thirty- one (31) day conversion right upon termination of employment. Any employee electing the right to conversion in order to keep term life insurance in force, must contact the insurance carrier within thirty-one (31) days of the last day of employment. c) The life insurance policy shall pay to the employee’s beneficiary the aforementioned sum within the underwriting rules and regulations as set forth by the insurance carrier.

  • Health and Dental Coverage A dependent child is an eligible employee’s child to age twenty-six (26).