Letters of Guarantee. The LETTER OF GUARANTEE duly executed by each GUARANTOR.
Letters of Guarantee. The Offshore Guarantors have executed the Letter of Guarantee – NY Law and, within 60 (sixty) days from the Borrowing Date, shall have executed the Letters of Guarantee – Local Jurisdiction Law, in each case, as guarantors and jointly and severally liable for all obligations of the Borrower under this CCB and the other CCBs and for the payment in full of all Obligations under this CCB, including Principal, Interest, Default Charges (if applicable), Prepayment Cost (if applicable) and all other Total Obligations.
Letters of Guarantee. (a) In consideration of the Bank issuing from the Customer’s Account Letter(s) of Guarantee, bonds, or other like instrument(s) ("Obligation") in favor of a Beneficiary in accordance with the Facility Offer Letter, the Customer agrees to the following Terms and Conditions:
Letters of Guarantee. As of the Closing, each Letter of Guarantee shall have been duly issued by the Purchaser Guarantor in favor of Seller, shall be in full force and effect, shall constitute the legal, valid and binding obligation of the Purchaser Guarantor, enforceable in accordance with its terms, and shall not have been amended, withdrawn or rescinded in any respect. As of the Closing, no event shall have occurred which, with or without notice, lapse of time or both, would constitute a default on the part of the Purchaser Guarantor under the Letters of Guarantee. Purchaser has not received any written notice of cancellation or any other indication that any Letter of Guarantee is no longer in full force or effect or that the Purchaser Guarantor is not willing or able to perform its obligations thereunder, and, no event has occurred that will result in the cancellation or termination of such Letter of Guarantee.
Letters of Guarantee
