Term of the Guarantee. (a) The Guarantee shall be effective as of the first date on which both:
(i) the Issue Date has taken place; and
(ii) CGIF has issued the CGIF Certificate.
(b) Subject to paragraph (c) below and clauses 2.7 (Reinstatement) and 12 (Termination), the Guarantee will expire on the earlier of:
(i) the date on which all Guaranteed Amounts have been paid, repaid or prepaid in full, or the payment obligations of the Issuer in respect of all Guaranteed Amounts have been otherwise discharged or released pursuant to the Debenture Documents or any other arrangement between the Issuer and the Guaranteed Party;
(ii) the date of full redemption, prescription or cancellation of the Debentures;
(iii) in the event of an occurrence of a Non-Payment Event which is continuing and no Demand having been made within the Demand Period in accordance with this Agreement, the last day of the Demand Period;
(iv) the date on which the Guaranteed Party takes an Acceleration Step other than in respect of a CGIF Non-Payment Event;
(v) the date on which the Debentures become payable under the Debenture Conditions on an accelerated basis at the instigation of the Issuer in accordance with the Debenture Conditions; and
(vi) the effective date of any termination of the Guarantee pursuant to Clause 12 (Termination), (such period of effectiveness of the Guarantee being the Guarantee Term).
(c) The Guarantee will remain effective where a Demand has been made in accordance with this Agreement and payment by CGIF has not yet been made to the Guaranteed Party.
Term of the Guarantee. 1. The term of the guarantee provided by the Guarantor is 2 years starting from the expiration of the performance period under the Master Contract.
2. The term of the guarantee under acceptance of commercial bills and issuance of relief margin and letter of credit is 2 years starting from the date on which the Creditor makes such advance payment.
3. The term of the guarantee under discounted commercial bills is 2 years starting from the due date of such bills.
4. If the Creditor and the Debtor extend the performance period of the Master Contract and the Guarantor continues its guarantee, the term of the guarantee is 2 years starting from the expiration of such extension.
5. If the debt under the Master Contract is declared due in advance by the Creditor in accordance with the Master Contract, the term of the guarantee is 2 years starting from such earlier due date.
Term of the Guarantee. 6. The term of the guarantee for each of the specific credit service under the “Comprehensive Credit Facility Agreement” is calculated individually, each for a period of two years starting from the expiration of the period for the Grantee to perform its debt obligations.
Term of the Guarantee. All principal advances made to the Borrower by [NAME OF BANK] in accordance with Paragraph 1.02 (b.) and prior to the expiration date of the active period will be guaranteed by the DOT until collected, provided that [NAME OF BANK] is in compliance with Sections 2.01 and 2.02 under this Guarantee Agreement. The active period will commence on the Date of Activation of the Loan and expire one (1) year from the Date of Activation of the Loan. Extensions of the active period, up to ninety (90) days, may be granted with reason and at the DOT’s sole discretion, incorporating any addendums that contain conditions on the loan approval. Additional renewal active periods of one year may be considered. However, they will be handled as a new loan guaranty request. Requests for renewals of the active period or extensions of the active period must be sent by the [NAME OF BANK], in writing, to the DOT no later than thirty (30) days prior to the original expiration date. It is further agreed that if a renewal is not in place by the end of the original active period or the extension, the Guarantee of new principal advances will expire on the last day of the original or extended active period, whichever is later.
Term of the Guarantee. Notwithstanding Articles 6, 7.2, 8.3, 9.2, 17 and 18, the Guarantee only covers Guaranteed Obligations which expire at the latest on 31 October 2011.
Term of the Guarantee. 8.1. The Guarantee shall take effect from the Effective Date of the Agreement when signed by Guarantor (“Effective Date”), and shall continue in full force and effect until Agreement and each Schedule which forms an integral part of the Agreement has expired, been terminated or been cancelled or, if later, all of the outstanding obligations under each such Schedule or Agreement have been paid, performed and observed in full. Upon the occurrence of the mentioned events the present Guarantee will be deemed expired without the necessity of any notices to UBS or to Guarantor.
Term of the Guarantee. Any claim for payment by the Beneficiary pursuant to these provisions shall be notified by the Beneficiary to the Representative of the Guarantors hereinafter designated in Article 11 no later than the last day of the 18th month following the Closing Date. Any claim for payment made after such date shall not be admissible and guaranties that have not been validly implemented by no later than the last day of the 18th month following the closing date will be extinguished on such date. Notwithstanding the foregoing, any claim for payment resulting from a tax, social (URSSAF, ASSEDIC or assimilated institutions and accident insurance) or customs liability shall be notified by the Beneficiary to the Representative of the Guarantors no more than 30 days after the statute of limitations for the recourse concerned for the warranty of tax, para-fiscal, customs and social liabilities (URSSAF, ASSEDIC or assimilated institutions and accident insurance). This warranty will end 30 days after the final amicable, litigious or court solution arising from the administration's verifications.
Term of the Guarantee. The Agreement is effective as of the date of the Agreement till two years after the satisfaction of the Lessee's obligations under the Principal Agreement.
Term of the Guarantee. The Beneficiary's claims shall be presented for the first time within the first twenty-eight (28) months following the Closing Date. After the expiration of this term, the Guarantors will be released from their contractual guarantee obligations for any new claims. However, - the Beneficiary's claims will be admissible concerning all tax, customs or social assessments until the thirtieth (30th) day following the expiration of the statute of limitations applicable to the recourse taken by the authority concerned; - the Beneficiary's claims that are relative to
(i) the inaccurate character of the representations in Article 1.14 ("Compliance with Environmental Regulations"),
Term of the Guarantee. The Guarantee shall take effect upon execution of the Guarantee Agreement and remain in force as a continuing security up to the end of the term of the Limited Partnership. Pursuant to the Guarantee Agreement, save as disclosed above, the Guarantee obligations will also be triggered if any of the following events occurs:
