Termination of the Guarantee Clause Samples
Termination of the Guarantee. The obligations of the Guarantor under the Indenture shall terminate at such time the Guarantor merges or consolidates with the Issuer or at such other time as the Issuer acquires all of the assets and partnership interests of the Guarantor.”
Termination of the Guarantee. This Guarantee shall terminate and be of no further force and effect upon payment of the Redemption Price or purchase and cancellation of all Preferred Securities or payment in full of the Liquidation Distributions, provided, however, that this Guarantee will continue to be effective or will be reinstated, as the case may be, if at any time payment of any sums paid under the Preferred Securities or this Guarantee must be restored by a Holder for any reason whatsoever.
Termination of the Guarantee. The Parent Guarantor’s Guarantee in respect of a series of Notes shall terminate upon the Legal Defeasance or discharge of such series of Notes pursuant to Article 4 or Section 13.2 of the Base Indenture, as the case may be.
Termination of the Guarantee. 16.1 If an improvement of the market conditions renders the Guarantee mechanism unnecessary, or if one of the provisions of the present Agreement is not respected by a Guaranteed Entity and/or Dexia, each State reserves the right to terminate this Agreement, without prejudice to acquired rights. Such termination must be the subject of prior consultation and, unless agreed otherwise between the States, be subject to a prior notice of one month. The markets shall be notified of such termination.
16.2 The termination of this Agreement by only one of the States shall have the effect that the Contracts, Securities and/or Financial Instruments referred to in Article 3 entered into, issued, or deemed entered into or issued pursuant to Article 6.1 or Article 8.1, by all the Guaranteed Entities as of the day after the Day of the termination, including Contracts, Securities and Financial Instruments without fixed maturity, shall not or no longer benefit from the Guarantee. The termination of the Guarantee may in no case have a retroactive effect and may not therefore rescind the Guarantee benefiting Contracts, Securities or Financial Instruments covered by the Guarantee until their maturity. The States not wishing to terminate the Guarantee may nonetheless decide to maintain their Guarantee for all or some of the Guaranteed Entities or Guaranteed Obligations.
Termination of the Guarantee. You can end this Guarantee by giving us 3 months’ notice in writing. If you want to do this, you will need to pay us: • all amounts owed to us by the Borrower on the last day of the notice period • any additional amounts you have agreed to pay under this Guarantee. We will have rights to take money you hold in an account with Coventry Building Society or any of its group companies to pay off any money you owe us that is not paid when it is due. Those rights will apply to sums owed under this Guarantee. You agree to us sharing any information about you and this Guarantee with: • the Borrower • any rating agencies or other person that we have to send it to by law or regulation • Coventry Building Society and any of its subsidiaries • any professional advisers of any of the above. We can transfer all or parts of our rights under this Guarantee to someone else. If we transfer our rights, you agree to sign any documents needed. We may also provide or transfer information to these third parties or to potential third parties to whom we are considering transferring our rights so that they can know about you and how you have managed your account. You cannot transfer any of your obligations under this Guarantee to anyone else unless we consent to that in writing first.
Termination of the Guarantee. The guarantee will terminate upon full payment of the redemption price of all of the trust preferred securities covered by the guarantee, upon full payment of the amounts payable with respect to the trust preferred securities upon liquidation of the ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Trusts or upon distribution of the junior subordinated debentures owned by the ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Trusts to the holders of all the trust preferred securities covered by the guarantee. The guarantee will continue to be effective or will be reinstated, as the case may be, if at any time any holder of the trust preferred securities covered by the guarantee must repay any sums with respect to the trust preferred securities or the guarantee. The guarantee will be governed by, and construed in accordance with, the laws of the State of New York. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ will guarantee payments of distributions and redemption and liquidation payments payable by the ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Trusts on the PEPS Units to the extent the relevant ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Trust has funds available for such payment, as described under “Description of Guarantee” above. No single document executed by ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ will provide for the full, irrevocable and unconditional guarantee of the PEPS Units. It is only the combined operation of the guarantee, the trust agreements and the junior subordinated indenture that has the effect of providing a full, irrevocable and unconditional guarantee of the ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Trusts’ obligations under the PEPS Units. As long as ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ pays interest and other payments when due on each series of junior subordinated debentures, those payments will be sufficient to cover distributions and redemption and liquidation payments due on the related series of PEPS Units, primarily because: • the aggregate principal amount of the junior subordinated debentures will be equal to the sum of the aggregate liquidation amount of the PEPS Units and the common securities; • the interest rate and interest and other distribution dates on the junior subordinated debentures will match the distribution rate and distribution and other distribution dates for the PEPS Units; • ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ will, pursuant to an expense agreement, pay for any and all costs, expenses and liabilities of the ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Trusts, except withholding taxes and the ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Trusts’ obligations to holders of the PEPS Units and the common securities; and • the trust agreements provide that the ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Trusts will not engage in any activity that...
Termination of the Guarantee. 8.1 The guarantee provided by Guarantor is a "Guarantee of Contract". When the Agreement between Guarantee and Third Party has been executed, the guarantee service provided by Guarantor to Guarantee will be terminated.
8.2 In case of failure on the part of Guarantee to fulfill its obligations in the Agreement or to fulfill its obligations as stipulated in this contract (except for its failure as a result of Third Party 's default in the first place), the guarantee service provided by Guarantor to Guarantee will be terminated.
8.3 Regardless of cause, in case of the Agreement between Guarantee and Third Party being modified, terminated, cancelled or invalidated, the guarantee provided by Guarantor to Guarantee will be terminated.
8.4 Guarantee shall provide assistance during the process of Guarantor terminating its guarantee service. Guarantee shall not use any excuse to raise any objection or create obstacles.
Termination of the Guarantee. The Agent and the Lessors hereby agree that upon the effectiveness of this Amendment, the obligations and liabilities of the Parent under that certain Guarantee, dated as of March 25, 1996 (the "Guarantee"), by the Parent in favor of the Agent, on behalf of the Lessors, shall be fully and finally discharged and the Guarantee shall thereby terminate without any further action.
Termination of the Guarantee. 16 SECTION 3.03. EXECUTION OF ADDITIONAL SECRETARY'S NOTE.................. 16
Termination of the Guarantee. 4.1. This Guarantee Agreement shall terminate and be of no further force and effect as to the Notes upon either (i) full payment of the redemption price (including all accrued and unpaid interest) for all outstanding Notes or (ii) full payment of the amounts payable to the Holders under the Notes.