Common use of Guarantee(if applicable Clause in Contracts

Guarantee(if applicable. The Borrower shall procure and deliver to the Lender before any drawals are made under the Facility irrevocable and unconditional guarantee(s) from the persons specified as Guarantor(s) under Schedule 4 of this Facility Agreement in favour of the Lender for the due repayment of the Facility and the payment of all interest and other monies payable by the Borrower, in a form prescribed by the Lender. The Borrower shall not pay any guarantee commission to the Guarantor(s).

Appears in 2 contracts

Sources: Working Capital Facility Agreement, Working Capital Facility Agreement