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.
Appears in 2 contracts
Samples: Guarantee Agreement, Debentureholders’ Representative Appointment Agreement
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 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 Bond Documents or any other arrangement between the Issuer and the Guaranteed Party;
(ii) the date of full redemption, prescription or cancellation of the DebenturesBonds;
(iii) in the event of an occurrence of a Non-Payment Event which is continuing continuing, and no Demand having been made within the applicable Demand Period in accordance with this Agreement, the last day of the a 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 Bonds become payable under the Debenture Bond Conditions on an accelerated basis at the instigation of the Issuer in accordance with the Debenture Bond 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.
Appears in 1 contract
Samples: Guarantee Agreement
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 Bond Documents or any other arrangement between the Issuer and the Guaranteed Party;
(ii) the date of full redemption, prescription or cancellation of the DebenturesBonds;
(iii) in the event of an occurrence of a Non-Payment Event which is continuing and no Demand having been made within the an applicable 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 Bonds become payable under the Debenture Bond Conditions on an accelerated basis at the instigation of the Issuer in accordance with the Debenture Bond 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.
Appears in 1 contract
Samples: Guarantee Agreement
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 Bond Documents or any other arrangement between the Issuer and the Guaranteed Party;
(ii) the date of full redemption, prescription or cancellation of the DebenturesBonds;
(iii) in the event of an occurrence of a Non-Payment Event which is continuing Event, and no Demand having been made within the relevant Demand Period in accordance with this Agreement, the last day of the a 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 Bonds become payable under the Debenture Bond Conditions on an accelerated basis at the instigation of the Issuer in accordance with the Debenture Bond Conditions; and
(vi) the effective date of any termination of the Guarantee pursuant to Clause 12 (Termination), (such period of effectiveness of the this Guarantee being the Guarantee Term).
(c) The This 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.
Appears in 1 contract
Samples: Guarantee Agreement
Term of the Guarantee. (a) The Guarantee shall be is effective as of the first date on which both:
(i) from the Issue Date has taken place; and
(ii) CGIF has issued the CGIF CertificateDate.
(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 Bond Documents or any other arrangement between the Issuer and the Guaranteed Party;
(ii) the date of full redemption, prescription or cancellation of the DebenturesBonds;
(iii) in the event of an occurrence of a Non-Payment Event which is continuing and no Demand having been made within the relevant Demand Period in accordance with this Agreement, the last day of the a 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 Bonds become payable under the Debenture Bond Conditions on an accelerated basis at the instigation of the Issuer in accordance with the Debenture Bond Conditions; and
(vi) the effective date of any termination of the Guarantee this Agreement 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.
Appears in 1 contract
Samples: Guarantee Agreement
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 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 Bond Documents or any other arrangement between the Issuer and the Guaranteed Party;
(ii) the date of full redemption, prescription or cancellation of the DebenturesBonds;
(iii) in the event of an occurrence of a Non-Payment Event which is continuing Event, and no Demand having been made within the relevant Demand Period in accordance with this Agreement, the last day of the a 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 Bonds become payable under the Debenture Bond Conditions on an accelerated basis at the instigation of the Issuer in accordance with the Debenture Bond Conditions; and
(vi) the effective date of any termination of the this 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 delivered in accordance with this Agreement and but payment by CGIF has not yet been made to the Guaranteed Party.
Appears in 1 contract
Samples: Guarantee Agreement