Security Guarantee. Subject to the limitations set forth in the Indenture, the Guarantors (as defined in the Indenture referred to in this Security and each hereinafter referred to as a "Guarantor,"which term includes any successor or additional Guarantor under the Indenture) have jointly and severally, irrevocably and unconditionally guaranteed (a) the due and punctual payment of the principal (and premium, if any) of and interest on the Securities, whether at Stated Maturity, by acceleration, call for redemption, upon a Change of Control Offer, Asset Sale Offer, purchase or otherwise, (b) the due and punctual payment of interest on the overdue principal of and interest on the Securities, if any, to the extent lawful, (c) the due and punctual performance of all other Obligations of the Company and the Guarantors to the Holders under the Indenture and the Securities and (d) in case of any extension of time of payment or renewal of any Securities or any of such other Obligations, the same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at Stated Maturity, by acceleration, call for redemption, upon a Change of Control Offer, Asset Sale Offer, purchase or otherwise. Capitalized terms used herein shall have the same meanings assigned to them in the Indenture unless otherwise indicated. Payment on each Security is guaranteed jointly and severally, by the Guarantors pursuant to Article 11 of the Indenture and reference is made to such Indenture for the precise terms of the Guarantees. The Obligations of each Guarantor are limited to the lesser of (a) an amount equal to such Guarantor's Adjusted Net Assets as of the date of the Guarantee and (b) the maximum amount as well, after giving effect to such maximum amount and all other contingent and fixed liabilities of such Guarantor, and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the Obligations of such other Guarantor under its Guarantee or pursuant to its contribution Obligations under the Indenture, result in the Obligations of such Guarantor under the Guarantee not constituting a fraudulent conveyance or fraudulent conveyance or fraudulent transfer under federal or state law or not otherwise being void, voidable or unenforceable under any similar other bankruptcy, receivership, insolvency, liquidation or other similar legislation or legal principles under applicable foreign law. Each Guarantor ...
Security Guarantee. Subject to the provisions of this Article 6, the Guarantor hereby irrevocably and unconditionally guarantees to the Trustee and the holders of the Notes on an unsecured, unsubordinated basis, the full and punctual payment (whether at stated maturity, upon redemption, purchase pursuant to an offer to purchase or acceleration, or otherwise) of the principal of, premium, if any, and interest on, and all other amounts payable under, each Note, and the full and punctual payment of all other amounts payable by the Company under the Indenture in respect of the Notes (including, for the avoidance of doubt, the Company’s compensation, indemnification and reimbursement obligations to the Trustee provided in Section 7.06 of the Base Indenture) (the “Guarantee”). Upon failure by the Company to pay punctually any such amount, the Guarantor shall forthwith pay the amount not so paid at the place and in the manner specified in the Indenture.
Security Guarantee. Each of Actavis plc and Xxxxxx Xxxxxxxx Limited, severally and not jointly with each other, hereby agrees to be a Guarantor under the Indenture, as amended and supplemented by this Second Supplemental Indenture, and to be bound by the terms of the Indenture and the Securities, including the Notes, applicable to Guarantors, including, but not limited to, Article 16 of the Indenture, as amended and supplemented by this Second Supplemental Indenture, and each Guarantor further agrees that this Second Supplemental Indenture is the legal, valid and binding obligation of such Guarantor, enforceable against it in accordance with its terms.
Security Guarantee. Party B shall implement the "security assessment" based on the "Three Simultaneities" system and carry out the high-quality construction and safety production and shall be fully liable for any quality or security incidents. Party A shall assist in dealing with the above incidents.
Security Guarantee. 34 (a) By DYPM in Favor of IP..................................................................................34 (b) By IP in Favor of DYPM..................................................................................34 (c) Costs of Security Guarantee.............................................................................35
Security Guarantee. 72 SECTION 10.02.
Security Guarantee. Subject to the provisions of this Indenture Supplement, effective on the date of this Indenture Supplement, GST hereby fully, unconditionally and irrevocably guarantees to each Holder and to the Trustee on behalf of the Holders:
Security Guarantee. If the Specific Conditions so provide, when the execution of the Service or Services Results requires the provision by the Service Provider of more than one (1) invoice, a security guarantee to be withheld by the Client from each of the invoices paid, as applicable, as the execution of the Services continues shall be fixed to ten per cent (10%) of the total of the relevant invoice. The Client may decide to waive the application of this security guarantee once it reaches an amount corresponding to, unless otherwise stipulated in the Specific Conditions, ten per cent (10%) of the Contract total amount, increased or reduced by any additional clauses. This security guarantee: - shall be obtained with the full effect of law by the Client after advance notice fifteen days remained unsuccessful, will to the extent necessary to cover the responsibilities of the Service Provider under the Contract. - shall be returned in full or part, as the case may be, by the Client to the Service Provider, subsequent to the Definitive Acceptance of Services. The Parties agree that at the express authorisation of the Client, the security guarantee may be replaced by the submission by the Service Provider to the Client of a bank guarantee at first demand (i) issued by a top-rated approved in Morocco, (ii) of an amount corresponding to, in the absence of any stipulations in the Specific conditions to the contrary, ten per cent (10%) of the Contract total amount, increased or reduced by any additional clauses, and (iii) which will remain valid throughout the current period between the date of signature of the Contract and the date of Definitive Acceptance of the Services.
Security Guarantee. This is when you provide a security property for your child’s mortgage so the bank feels confident in loaning the money, knowing they can get their money back if needed. This can often let your child get a loan without having to pay Xxxxxx’s Mortgage Insurance (LMI) which is great, but… If your child was to default, possibly through a loss of income, they may have to sell the house to pay back the loan. If the house’s realised amount doesn’t completely cover the loan, your property could be sold too. This type of guarantee means that you would provide assistance in paying back the house loan if your child is struggling with repayments. Whether due to added risk on lenders or other unknown reasons, this type of guarantee can be difficult to undertake. Commonly now, most guarantees are a combination of Security and Income Guarantees.
Security Guarantee. The Obligations shall be secured by the Security Documents, and shall be unconditionally and irrevocably guaranteed in full by the Parent pursuant to a guarantee in form and substance satisfactory to the Bank (the "Parent Guarantee").
