Common use of Demand upon a Guaranteed Party Acceleration Clause in Contracts

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.

Appears in 4 contracts

Samples: Guarantee Agreement, www.thaibma.or.th, Version Guarantee Agreement

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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.

Appears in 1 contract

Samples: Guarantee

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