Securities and Guarantees Sample Clauses

Securities and Guarantees. On the basis of the representations and warranties herein contained and subject to the terms and conditions herein set forth, the Company and the Guarantors agree to sell to each Initial Purchaser, severally and not jointly, and each Initial Purchaser, severally and not jointly, agrees to purchase from the Company and the Guarantors, at the price set forth in Schedule D, the aggregate principal amount of Securities (including the Guarantees) set forth in Schedule B opposite the name of such Initial Purchaser, plus any additional principal amount of Securities (including the Guarantees) which such Initial Purchaser may become obligated to purchase pursuant to the provisions of Section 10 hereof.

Securities and Guarantees. Amount Unlimited; Issuable in Series. The aggregate principal amount of Securities which may be authenticated and delivered under this Indenture is unlimited. The Securities may be issued in one or more series. There shall be established in or pursuant to a Board Resolution of the Issuer and the Guarantor, as appropriate, and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto, prior to the issuance of Securities of any series,

Securities and Guarantees. The bank guarantee held by the Lessor shall be renewed for the Updated Rental Period in accordance with this Second Addendum, as stated in Section 32 of the Rental Agreement, viz. through March 31, 2008 or March 31, 2010, insofar as the option for the Additional Rental Period is exercised. If the bank guarantee is forfeited due to the breach of the Rental Agreement by the Lessee, the Lessee undertakes, by way of a fundamental undertaking, to furnish the Lessor with another bank guarantee, in the amount of the forfeited bank guarantee (linked to the Base Index in accordance with the Rental Agreement), not later than 7 business days after the date of notification of the Lessor of the forfeiting of the bank guarantee.

Securities and Guarantees. 17.1 To ensure the fulfillment of all of the Lessee’s undertakings subject to this Agreement, the Lessee will deliver to the Lessor at the time of signing this Agreement a financial bank guarantee, autonomous and unconditional, from an Israeli bank to the order of the Lessor according to the guarantee wording attached to this Agreement as Annex E, and thus in an amount equal to the Basic Lease Fees for 3 (three) lease months [calculated according to the lease price for the entire area (as of January 1, 2014)] plus VAT (NIS 813,152 including VAT). The guarantee will be linked to the Consumer Price Index as of the date of its issue, and it will be in effect for 12 months as of the date of its issue. No later than 14 days before the beginning of each lease year, but no later than 14 days before the expiration of the guarantee, as the case may be, the guarantee will be extended for an additional year until the end of the Lease Period or the Opinion Period, as the case may be, plus 90 additional days after the end of the Lease or Option Period, as the case may be. 17.2 For the removal of doubt the parties agree that the extension of the guarantee’s validity on the dates specified above is one of the Lessee’s material undertakings subject to this Agreement, and if the guarantee is exercised by the Lessor, the Lessee will be required to provide to the Lessor a new guarantee in lieu of the guarantee exercised as aforementioned within 10 days from the date of receiving notice regarding the exercise of the guarantee. 17.3 At the end of the Lease Period and upon delivering the Leased Property to the Lessor, the Lessee will be required to provide to the Lessor confirmations regarding the clearing of all payments applicable thereto, which were paid thereby until the date of vacating the Leased Property and its return to the Lessor and/or with regard to the Lease Period. 17.4 All securities given to the Lessor subject to this Agreement, including the bank guarantee, shall be returned to the Lessee within 60 days from the end of the Lease Period or the Option Period as the case may be, subject to the fulfillment of the Lessee’s undertakings subject to this Agreement.

Securities and Guarantees. The parties hereby agree that the bank guarantee held by the Lessor shall apply and serve also as security for the Lessee’s undertakings towards the Lessor, in accordance with the provisions of this Fifth Addendum.

Securities and Guarantees. 7.1 The securities and guarantees agreed in relation to the Agreement (if any) are specified in Part A of the Agreement. 7.2 Buyer shall provide a bank guarantee in an amount and format acceptable to Seller issued irrevocably by a leading commercial bank with a credit rating of at least A- from Standard & Poor’s Rating Group or A3 by ▇▇▇▇▇’▇ Investors Services Inc. which obliges the issuing bank to pay the amount guaranteed therein upon first demand of Seller. 7.3 Buyer shall provide a PCG in an amount and format acceptable to Seller and in a form to be agreed between the Parties. 7.4 Buyer shall provide a letter of credit in an amount and format acceptable to Seller issued irrevocably by a leading commercial bank with a credit rating of at least A- from Standard & Poor’s Rating Group or A3 by ▇▇▇▇▇’▇ Investors Services Inc. which obliges the issuing bank to pay the amount specified therein upon first demand of Seller. Right to request additional security 7.5 Each Party shall have the right to, by written request, demand from the other Party an appropriate performance security in the form as set out in Clause 7.7 if the Party has reasonable grounds to assume that the other Party's financial situation has since the Effective Date significantly deteriorated in accordance with Clause 7.10. 7.6 The corresponding performance security must be provided within 5 (five) Business Days of receipt of a corresponding request. 7.7 The performance security shall, in the demanding Party’s option, be provided in the form of either: (i) a first demand bank guarantee; (ii) a first demand performance guarantee; or (iii) a parent company guarantee. 7.8 Any provider of the performance security must: (i) have a long-term credit rating of at least Baa3 (▇▇▇▇▇’▇) or BBB (Fitch/S&P), or equivalent (ii) not be subject to insolvency, bankruptcy, sanctions, or similar restrictions; and (iii) be otherwise acceptable to the beneficiary Party. 7.9 The performance security shall cover all payment obligations of the relevant Party, including (but not limited to) payment of the Total Contract Price and damages, whereby the Total Contract Price shall be lowered by the total price of the Product quantity already delivered. 7.10 A significant deterioration in the financial situation is deemed to have occurred, if: (i) the rating of the other Party, a non-bank guarantor, or a controlling affiliate is withdrawn or downgraded below the required level; (ii) the rating of a bank guarantor, is withd...

Securities and Guarantees. Other commitments of the Borrower

Securities and Guarantees. (1) In borrowing in accordance with this Division an Authority may— (a) issue bonds that are secured on its revenue; or (b) issue notes or any other securities that are approved by the Treasurer; or (c) mortgage its revenue. (2) In borrowing in accordance with this Division the Geelong and District Water Board, unless it is a declared Authority, may issue inscribed stock. (3) The due repayment of any money borrowed by the issue of inscribed stock in accordance with sub- section (2), and the payment of any interest on that money, is guaranteed by the Government of Victoria53. The providing of financial accommodation in accordance with section 254 is a lawful investment for any money that any company, or any body that is incorporated by or under this or any other Act, is authorised or directed to invest.

Securities and Guarantees. On the basis of the representations and warranties herein contained and subject to the terms and conditions herein set forth, the Company and the Guarantors agree to sell to each Underwriter, severally and not jointly, and each Underwriter, severally and not jointly, agrees to purchase from the Company, at the price set forth in Schedule B, the aggregate principal amount of Securities (including the Guarantees) set forth in Schedule A opposite the name of such Underwriter, plus any additional principal amount of Securities (including the Guarantees) which such Underwriter may become obligated to purchase pursuant to the provisions of Section 10 hereof.