Security Guarantee Clause Samples
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Security Guarantee. Subject to the limitations set forth in the Indenture, the Guarantors (as defined in the Indenture referred to in this Security and each hereinafter referred to as a "Guarantor,"which term includes any successor or additional Guarantor under the Indenture) have jointly and severally, irrevocably and unconditionally guaranteed (a) the due and punctual payment of the principal (and premium, if any) of and interest on the Securities, whether at Stated Maturity, by acceleration, call for redemption, upon a Change of Control Offer, Asset Sale Offer, purchase or otherwise, (b) the due and punctual payment of interest on the overdue principal of and interest on the Securities, if any, to the extent lawful, (c) the due and punctual performance of all other Obligations of the Company and the Guarantors to the Holders under the Indenture and the Securities and (d) in case of any extension of time of payment or renewal of any Securities or any of such other Obligations, the same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at Stated Maturity, by acceleration, call for redemption, upon a Change of Control Offer, Asset Sale Offer, purchase or otherwise. Capitalized terms used herein shall have the same meanings assigned to them in the Indenture unless otherwise indicated. Payment on each Security is guaranteed jointly and severally, by the Guarantors pursuant to Article 11 of the Indenture and reference is made to such Indenture for the precise terms of the Guarantees. The Obligations of each Guarantor are limited to the lesser of (a) an amount equal to such Guarantor's Adjusted Net Assets as of the date of the Guarantee and (b) the maximum amount as well, after giving effect to such maximum amount and all other contingent and fixed liabilities of such Guarantor, and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the Obligations of such other Guarantor under its Guarantee or pursuant to its contribution Obligations under the Indenture, result in the Obligations of such Guarantor under the Guarantee not constituting a fraudulent conveyance or fraudulent conveyance or fraudulent transfer under federal or state law or not otherwise being void, voidable or unenforceable under any similar other bankruptcy, receivership, insolvency, liquidation or other similar legislation or legal principles under applicable foreign law. Each Guarantor ...
Security Guarantee. Subject to the provisions of this Article 2, the Guarantor hereby irrevocably and unconditionally guarantees to the Trustee and the holders of the Notes on an unsecured unsubordinated basis, the full and punctual payment (whether at stated maturity, upon redemption, purchase pursuant to an offer to purchase or acceleration, or otherwise) of the principal of, premium, if any, and interest on, and all other amounts payable under, each Note, and the full and punctual payment of all other amounts payable by the Company under the Indenture in respect of such Notes (including, for the avoidance of doubt, the Company’s compensation, indemnification and reimbursement obligations to the Trustee provided in Section 7.06 of the Base Indenture) (the “Guarantee”). Upon failure by the Company to pay punctually any such amount, the Guarantor shall forthwith pay the amount not so paid at the place and in the manner specified in the Indenture.
Security Guarantee. Each of Actavis plc and ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Limited, severally and not jointly with each other, hereby agrees to be a Guarantor under the Indenture, as amended and supplemented by this Second Supplemental Indenture, and to be bound by the terms of the Indenture and the Securities, including the Notes, applicable to Guarantors, including, but not limited to, Article 16 of the Indenture, as amended and supplemented by this Second Supplemental Indenture, and each Guarantor further agrees that this Second Supplemental Indenture is the legal, valid and binding obligation of such Guarantor, enforceable against it in accordance with its terms.
Security Guarantee. Party B shall implement the "security assessment" based on the "Three Simultaneities" system and carry out the high-quality construction and safety production and shall be fully liable for any quality or security incidents. Party A shall assist in dealing with the above incidents.
Security Guarantee. Subject to the provisions of this Indenture Supplement, effective on the date of this Indenture Supplement, GST hereby fully, unconditionally and irrevocably guarantees to each Holder and to the Trustee on behalf of the
Security Guarantee. 79 SECTION 10.02.
Security Guarantee. 34 (a) By DYPM in Favor of IP..................................................................................34 (b) By IP in Favor of DYPM..................................................................................34 (c) Costs of Security Guarantee.............................................................................35
Security Guarantee. The Project envisioned in this Agreement will be installed for the exclusive or priority use of ORMECO. The ORMECO recognizes that WINNING BIDDER will make significant investments to build and operate the Power Plant and provide the services spelled out in this Agreement. The Parties hereby undertake to work closely together to assure the protection of WINNING BIDDER’s investments, the smooth operations of the power facilities, and the sustainable and faithful compliance of the Parties to their respective obligations under this Power Supply Agreement. The ORMECO, with the assistance of WINNING BIDDER, commits to undertake the necessary strengthening of its electric distribution cooperative to assure its financial integrity especially in the areas of systems loss reduction, fiscal controls, collections efficiency and cash management, and overall efficiency as an electric distribution utility.
Security Guarantee. Each bidder shall submit a Bid Bond in the amount of 5% to serve as a guarantee that the Contractor shall enter into a contract with the Owner to perform the work identified herein, at the price bid. This security shall be retained by the Owner throughout the contract term to guarantee the Contractor’s performance in accordance with the terms and conditions of the contract. The bid security consisting of either: (a) a bank draft or cashier’s check payable to the order of “Board of Education of Oak Park School District No. 97” issued by or drawn on a bank having its principal offices in the State of Illinois; or (b) by a bid bond payable to the Board of Education of Oak Park School District No. 97”, duly executed by the bidder as principal, and a corporate surety authorized to do business in the State of Illinois and having a minimum equivalent of at least an A rating by Best Key Rating Guide. Any bid not complying with the Security requirement may be rejected as non-responsive.
Security Guarantee. 125 Section 16.1