Terms of the guarantee Sample Clauses

The "Terms of the guarantee" clause defines the specific conditions, obligations, and limitations under which a guarantee is provided. It typically outlines the scope of the guarantee, such as what is covered, the duration, and any requirements or procedures for making a claim. For example, it may specify that the guarantor is responsible for certain payments if the primary party defaults, or that the guarantee only applies to particular transactions. This clause ensures both parties clearly understand the extent and limitations of the guarantee, thereby reducing the risk of disputes and misunderstandings.
Terms of the guarantee. The guarantee services shall commence from 14 October 2021 and end on 13 October 2022. In respect of the above arrangements, Chinlink Guarantee shall charge the Customer a guarantee fee of RMB30,000 (equivalent to approximately HK$36,180) which is payable by twelve equal instalments of RMB2,500 each (equivalent to approximately HK$3,015).
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Terms of the guarantee. The guarantee services shall commence from 14 October 2020 and end on 12 October 2021. In respect of the above arrangements, Chinlink Guarantee shall charge the Customer a guarantee fee of RMB30,000 (equivalent to approximately HK$34,530) which is payable by twelve equal instalments of approximately RMB2,500 each (equivalent to approximately HK$2,878). The obligation of the Customer under the New Guarantee Agreement is secured by (i) a personal guarantee granted by the legal representative of the Customer, who is also the major shareholder of the Customer; and (ii) a corporate guarantee granted by an independent third party, in favour of Chinlink Guarantee. 14 October 2020
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Terms of the guarantee. Subject to the provisions of this Article 12, the Guarantor hereby fully and unconditionally guarantees, to each holder of a Convertible Note authenticated and delivered by the Trustee and to the Trustee and its successors and assigns, irrespective of the validity or enforceability of this Indenture, the Convertible Notes or the obligations of the Company under this Indenture or the Convertible Notes, that: (i) the principal of, and interest and Liquidated Damages, if any, on the Convertible Notes will be paid in full when due, whether at maturity, by acceleration, upon a Fundamental Change or otherwise, and interest on the overdue principal and (to the extent permitted by law) interest and liquidated damages, if any, on the Convertible Notes will be promptly paid in full; (ii) all other obligations of the Company to the holders or the Trustee under this Indenture or the Convertible Notes will be promptly paid in full or performed, all in accordance with the terms of this Indenture and the Convertible Notes; and (iii) in case of any extension of time in payment or renewal of any Convertible Notes or any of such other obligations, they will be paid in full when due or performed in accordance with the terms of the extension or renewal, whether at maturity, by acceleration or otherwise. Failing payment when due of any amount so guaranteed, or failing performance of any other obligation of the Company to the holders or the Trustee, for whatever reason, the Guarantor will be obligated to pay, or to perform or cause the performance of, the same before such failure becomes an Event of Default. The Guarantor agrees that this is a guarantee of payment not a guarantee of collection. The Guarantor hereby agrees that its obligations with regard to this Guarantee shall be unconditional, irrespective of the validity, regularity or enforceability of the Convertible Notes or the obligations of the Company under this Indenture, the absence of any action to enforce the same, the recovery of any judgment against the Company or any other obligor with respect to this Indenture, the Convertible Notes or the obligations of the Company under this Indenture or the Convertible Notes, any action to enforce the same or any other circumstances (other than
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Terms of the guarantee. The AUCTIONEER hereby guarantees that the aggregate amount of the gross proceeds of the SALE (collectively, "SALE PROCEEDS") shall be an amount at least equal to One
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Terms of the guarantee. The guarantee services shall commence from 30 March 2018 and end on 25 March 2019.
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Terms of the guarantee. 1.1 At the request of the guarantor who has agreed to give this guarantee, the landlord has agreed to let the rental property to the contract-holder for the duration and the rent set out above, on the terms set out in the contract. DRAFT 1.2 In consideration of the landlord’s contract to let the rental property to the contractholder, the guarantor guarantees the performance by the contract-holder to the landlord of all obligations under the contract. 1.3 In consideration of the landlord’s contract to let the rental property to the contract-holder, the guarantor further agrees to indemnify the landlord against any loss they incur as a result of letting the rental property to the contract-holder.
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Terms of the guarantee. [If Designated Securities are floating rate debt securities insert - - Floating rate provisions: Initial annual interest rate will be % through [and thereafter will be adjusted [monthly] [on each , , and ] [to an annual rate of %above the average rate for -year [month] [securities] [certificates of deposit] issued by and [insert names of banks].] [and the annual interest rate [thereafter] [from through ] will be the interest yield equivalent of the weekly average per annum market discount rate for -month Treasury bills plus % of Interest Differential (the excess, if any, of (i) the then current weekly average per annum secondary market yield for -month certificates of deposit over (ii) the then current interest yield equivalent of the weekly average per annum market discount rate for -month Treasury bills); [from and thereafter the rate will be the then current interest yield equivalent plus % of Interest Differential].] Defeasance provisions: Closing location for delivery of Designated Securities: Additional Closing Conditions: Paragraph 7(h) of the Underwriting Agreement should be modified in the event that the Securities are denominated in, indexed to, or principal or interest are paid in, a currency other than the U.S. dollar, more than one currency or in a composite currency. The country or countries issuing such currency should be added to the banking moratorium and hostilities clauses and the following additional clause should be added to the paragraph (the entire paragraph should be restated, as amended):
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Related to Terms of the guarantee

  • The Guarantee Each Guarantor hereby jointly and severally with the other Guarantors guarantees, as a primary obligor and not merely as a surety to each Secured Party and their respective permitted successors and assigns, the prompt payment in full when due (whether at stated maturity, by required prepayment, declaration, demand, by acceleration or otherwise) of the principal of and interest (including any interest, fees, costs or charges that would accrue but for the provisions of (i) the Title 11 of the United States Code after any bankruptcy or insolvency petition under Title 11 of the United States Code and (ii) any other Debtor Relief Laws) on the Loans made by the Lenders to, and the Notes held by each Lender of, the Borrower, and all other Secured Obligations from time to time owing to the Secured Parties by any Loan Party or any Subsidiary under any Loan Document or any Secured Hedge Agreement or any Treasury Services Agreement, in each case strictly in accordance with the terms thereof (such obligations, including any future increases in the amount thereof, being herein collectively called the “Guaranteed Obligations”); provided, however, that Guaranteed Obligations shall exclude all Excluded Swap Obligations. The Guarantors hereby jointly and severally agree that if the Borrower or other Guarantor(s) shall fail to pay in full when due (whether at stated maturity, by acceleration or otherwise) any of the Guaranteed Obligations, the Guarantors will promptly pay the same in cash, without any demand or notice whatsoever, and that in the case of any extension of time of payment or renewal of any of the Guaranteed Obligations, the same will be promptly paid in full when due (whether at extended maturity, by acceleration or otherwise) in accordance with the terms of such extension or renewal.

  • Reaffirmation of the Guaranty Each Guarantor hereby ratifies, confirms, acknowledges and agrees that its obligations under its Guaranty are in full force and effect and that such Guarantor continues to unconditionally and irrevocably guarantee the full and punctual payment, when due, whether at stated maturity or earlier by acceleration or otherwise, all of the Guaranteed Obligations (as defined in its Guaranty), as such Guaranteed Obligations may have been amended by this Agreement, and its execution and deliver of this Agreement does not indicate or establish an approval or consent requirement by such Guarantor under its Guaranty in connection with the execution and delivery of amendments to the Credit Agreement, the Notes or any of the other Loan Documents.

  • The Guaranty Each of the Guarantors hereby jointly and severally guarantees to each Lender, the L/C Issuer and each other holder of Obligations as hereinafter provided, as primary obligor and not as surety, the prompt payment of the Obligations in full when due (whether at stated maturity, as a mandatory prepayment, by acceleration, as a mandatory cash collateralization or otherwise) strictly in accordance with the terms thereof. The Guarantors hereby further agree that if any of the Obligations are not paid in full when due (whether at stated maturity, as a mandatory prepayment, by acceleration, as a mandatory cash collateralization or otherwise), the Guarantors will, jointly and severally, promptly pay the same, without any demand or notice whatsoever, and that in the case of any extension of time of payment or renewal of any of the Obligations, the same will be promptly paid in full when due (whether at extended maturity, as a mandatory prepayment, by acceleration, as a mandatory cash collateralization or otherwise) in accordance with the terms of such extension or renewal. Notwithstanding any provision to the contrary contained herein or in any other of the Loan Documents or the other documents relating to the Obligations, the obligations of each Guarantor under this Agreement and the other Loan Documents shall not exceed an aggregate amount equal to the largest amount that would not render such obligations subject to avoidance under applicable Debtor Relief Laws.

  • Guarantee The Guarantor irrevocably and unconditionally agrees to pay in full to the Holders the Guarantee Payments (without duplication of amounts theretofore paid by the Issuer), as and when due, regardless of any defense, right of set-off or counterclaim that the Issuer may have or assert. The Guarantor's obligation to make a Guarantee Payment may be satisfied by direct payment of the required amounts by the Guarantor to the Holders or by causing the Issuer to pay such amounts to the Holders.

  • Guarantee and Collateral Agreement By executing and delivering this Assumption Agreement, the Additional Grantor, as provided in Section 8.14 of the Guarantee and Collateral Agreement, hereby becomes a party to the Guarantee and Collateral Agreement as a Grantor thereunder with the same force and effect as if originally named therein as a Grantor and, without limiting the generality of the foregoing, hereby expressly assumes all obligations and liabilities of a Grantor thereunder. The information set forth in Annex 1-A hereto is hereby added to the information set forth in the Schedules to the Guarantee and Collateral Agreement. The Additional Grantor hereby represents and warrants that each of the representations and warranties contained in Section 4 of the Guarantee and Collateral Agreement is true and correct on and as the date hereof (after giving effect to this Assumption Agreement) as if made on and as of such date.