Borrowing Gap. The Guarantor shall ensure a sufficient foreign debt quota of the Borrower as determined pursuant to the then applicable laws and regulations (to cover the then outstanding loan amount and relevant unpaid sum) (the “Borrowing Gap”) in the event that this Guarantee is called. Under such circumstances, the Guarantor shall take all necessary steps and procedures required to obtain, as soon as practicable, all necessary governmental and corporate approval in respect of a capital injection into the Borrower in the form of shareholder’s equity to achieve such Borrowing Gap.
Borrowing Gap. The Borrower shall ensure a sufficient foreign debt borrowing gap as determined pursuant to the then applicable laws and regulations (to cover the then outstanding loan amount and relevant unpaid sum) (the “Borrowing Gap”) in the event that the Guarantee is called. Under such circumstances, the Borrower shall take all necessary steps and procedures required to, and shall procure that the direct shareholder of the Borrower will, obtain, as soon as practicable, all necessary governmental and corporate approval in respect of a capital injection into the Borrower in the form of shareholder’s equity to achieve such Borrowing Gap.
Borrowing Gap. The Guarantor shall ensure that the aggregate of (a) the Borrower’s net assets based on its most recent audited financial statements delivered pursuant to Clause 18.1(i) of the Facility Agreement and (b) the Borrower’s borrowing gap as determined pursuant to the then applicable laws and regulations (the “Borrowing Gap”) is sufficient for the purpose of short-term foreign debt registration with the State Administration of Foreign Exchange in the event that this Guarantee is called. Under such circumstances, the Guarantor shall take all necessary steps and procedures required to obtain, as soon as practicable, all necessary governmental and corporate approval in respect of a capital injection into the Borrower in the form of shareholder’s equity to achieve such Borrowing Gap.
Borrowing Gap. The Borrower shall ensure that the outstanding amount of the aggregate Borrowing or Unpaid Sum shall not exceed the difference between the amount of the total investment and the paid-up capital of the Borrower which is then available for incurring foreign debt (the “Borrowing Gap”). The Borrower shall take all necessary steps and procedures required to obtain, as soon as practicable, all necessary governmental and corporate approval in respect of the increase of total investment and/or a capital injection into the Borrower in the form of shareholder’s equity sufficient for maintaining the Borrowing Gap and for the Borrower to fulfill its obligations under this Agreement.
Borrowing Gap. The Borrower shall ensure that the aggregate of (a) its net assets based on its most recent audited financial statements delivered pursuant to Clause 18.1(i) and (b) its borrowing gap as determined pursuant to the then applicable laws and regulations (the “Borrowing Gap”) is sufficient for the purpose of short-term foreign debt registration with the State Administration of Foreign Exchange, as referred to in the paragraph below, in the event that the Guarantee is called. Under such circumstances, the Borrower shall take all necessary steps and procedures required to, and shall procure that the direct shareholder of the Borrower will, obtain, as soon as practicable, all necessary governmental and corporate approval in respect of a capital injection into the Borrower in the form of shareholder’s equity to achieve such Borrowing Gap. In the event that the Guarantor is required to perform under its payment obligation set forth in the Guarantee, the Borrower shall complete all required short-term foreign debt registrations with the State Administration of Foreign Exchange within fifteen (15) Business Days following the performance by the Guarantor of such payment obligations.
