Demand upon a Guaranteed Party Acceleration. (a) Upon the occurrence of a Guaranteed Party Acceleration pursuant to Clause 5.2(a), the Guaranteed Party may deliver in accordance with this Agreement a Demand (where no Demand Period is applicable) in respect of the aggregate of the Guaranteed Amounts and the Guarantor Default Interest Amount (if any) to be paid by CGIF in accordance with this Agreement. (b) Upon the occurrence of a Guaranteed Party Acceleration pursuant to Clause 5.2(b), the Guaranteed Party shall have no further right to deliver a Demand in respect of the Guaranteed Amounts to be paid by CGIF in accordance with this Agreement and CGIF shall have no further obligation to pay any Guaranteed Amount.
Appears in 6 contracts
Samples: Guarantee Agreement, Guarantee Agreement, Debentureholders’ Representative Appointment Agreement
Demand upon a Guaranteed Party Acceleration. (a) Upon the occurrence of a Guaranteed Party Acceleration pursuant to Clause 5.2(a) (Guaranteed Party Acceleration), the Guaranteed Party may deliver in accordance with this Agreement a Demand (where no Demand Period is applicable) in respect of the aggregate of the Guaranteed Amounts and the Guarantor Default Interest Amount (if any) to be paid by CGIF in accordance with this Agreement.
(b) Upon the occurrence of a Guaranteed Party Acceleration pursuant to Clause 5.2(b) (Guaranteed Party Acceleration), the Guaranteed Party shall have no further right to deliver a Demand in respect of the Guaranteed Amounts to be paid by CGIF in accordance with this Agreement and CGIF shall have no further obligation to pay any Guaranteed Amount.
Appears in 2 contracts
Samples: Guarantee Agreement, Guarantee Agreement
