Termination of the Guarantee. The obligations of the Guarantor under the Indenture shall terminate at such time the Guarantor merges or consolidates with the Issuer or at such other time as the Issuer acquires all of the assets and partnership interests of the Guarantor.”
Termination of the Guarantee. This Guarantee shall terminate and be of no further force and effect upon payment of the Redemption Price or purchase and cancellation of all Preferred Securities or payment in full of the Liquidation Distributions, provided, however, that this Guarantee will continue to be effective or will be reinstated, as the case may be, if at any time payment of any sums paid under the Preferred Securities or this Guarantee must be restored by a Holder for any reason whatsoever.
Termination of the Guarantee. The Parent Guarantor’s Guarantee in respect of a series of Notes shall terminate upon the Legal Defeasance or discharge of such series of Notes pursuant to Article 4 or Section 13.2 of the Base Indenture, as the case may be.
Termination of the Guarantee. 17.1 If an improvement of the market conditions renders the Guarantee mechanism unnecessary, or if one of the provisions of the present Agreement is not respected by a Guaranteed Entity and/or Dexia, each State reserves the right to terminate this Agreement, without prejudice to acquired rights. Such termination must be the subject of prior consultation and, unless agreed otherwise between the States, be subject to a prior notice of one month. The markets shall be notified of such termination.
17.2 The termination of this Agreement by only one of the States shall have the effect that the Contracts, Securities and/or Financial Instruments referred to in Article 3 entered into, issued, or deemed entered into or issued pursuant to Article 6.1 or Article 8.1, by all the Guaranteed Entities as of the day after the Day of the termination, including Contracts, Securities and Financial Instruments without fixed maturity, shall not or no longer benefit from the Guarantee. The termination of the Guarantee may in no case have a retroactive effect and may not therefore rescind the Guarantee benefiting Contracts, Securities or Financial Instruments covered by the Guarantee until their maturity. The States not wishing to terminate the Guarantee may nonetheless decide to maintain their Guarantee for all or some of the Guaranteed Entities or Guaranteed Obligations.
Termination of the Guarantee. The Agent and the Lessors hereby agree that upon the effectiveness of this Amendment, the obligations and liabilities of the Parent under that certain Guarantee, dated as of March 25, 1996 (the "Guarantee"), by the Parent in favor of the Agent, on behalf of the Lessors, shall be fully and finally discharged and the Guarantee shall thereby terminate without any further action.
Termination of the Guarantee. This Guarantee automatically shall terminate and the Guarantor thereafter shall be relieved of all obligations and covenants under the Indenture and this Guarantee if the Guarantor consolidates with or merges into another entity, or conveys, transfers or leases its properties and assets substantially as an entirety to any Person in a transaction (or series of related transactions) in which:
(a) any successor entity is a corporation, partnership or trust organized and validly existing under the laws of the United States or any state thereof;
(b) the successor entity assumes the Guarantor’s obligations under this Guarantee;
(c) after giving effect to the transaction, no Event of Default, and no event which, after notice or lapse of time or both, would become an Event of Default, has occurred and is continuing; and
(d) the Guarantor delivers to the Trustee certificates and opinions to the effect that the transaction complies with, or is not prohibited by, the Indenture. Upon any such consolidation or merger or conveyance, transfer or lease of the properties and assets of the Guarantor as an entirety to any Person, the successor Person will succeed to, and be substituted for, such Guarantor under the Indenture and this Guarantee.
Termination of the Guarantee. 8.1 The guarantee provided by Guarantor is a "Guarantee of Contract". When the Agreement between Guarantee and Third Party has been executed, the guarantee service provided by Guarantor to Guarantee will be terminated.
8.2 In case of failure on the part of Guarantee to fulfill its obligations in the Agreement or to fulfill its obligations as stipulated in this contract (except for its failure as a result of Third Party 's default in the first place), the guarantee service provided by Guarantor to Guarantee will be terminated.
8.3 Regardless of cause, in case of the Agreement between Guarantee and Third Party being modified, terminated, cancelled or invalidated, the guarantee provided by Guarantor to Guarantee will be terminated.
8.4 Guarantee shall provide assistance during the process of Guarantor terminating its guarantee service. Guarantee shall not use any excuse to raise any objection or create obstacles.
Termination of the Guarantee. 4.1. This Guarantee Agreement shall terminate and be of no further force and effect as to the Notes upon either (i) full payment of the redemption price (including all accrued and unpaid interest) for all outstanding Notes or (ii) full payment of the amounts payable to the Holders under the Notes.
Termination of the Guarantee. 9.1 The guarantee provided by Guarantor is "guarantee of contract". When the Agreement between Guarantee and Seller has been executed, the guarantee service provided by Guarantor to Guarantee will be terminated.
9.2 In case of failure on the part of Guarantee to fulfill its obligations in the Agreement or to fulfill its obligations as stipulated in this contract (except for its failure as a result of Seller's default in the first place), the guarantee service provided by Guarantor to Guarantee will be terminated.
9.3 Regardless of cause, in case of the Agreement between Guarantee and Seller being modified, terminated, cancelled or invalidated, the guarantee provided by Guarantor to Guarantee will be terminated.
9.4 Guarantee shall provide assistance during the process of Guarantor terminating its guarantee service. Guarantee shall not use any excuse to raise any objection or create obstacles.
Termination of the Guarantee. The guarantee will terminate upon full payment of the redemption price of all of the trust preferred securities covered by the guarantee, upon full payment of the amounts payable with respect to the trust preferred securities upon liquidation of the Xxxxxx Xxxxxxx Trusts or upon distribution of the junior subordinated debentures owned by the Xxxxxx Xxxxxxx Trusts to the holders of all the trust preferred securities covered by the guarantee. The guarantee will continue to be effective or will be reinstated, as the case may be, if at any time any holder of the trust preferred securities covered by the guarantee must repay any sums with respect to the trust preferred securities or the guarantee. The guarantee will be governed by, and construed in accordance with, the laws of the State of New York. Xxxxxx Xxxxxxx will guarantee payments of distributions and redemption and liquidation payments payable by the Xxxxxx Xxxxxxx Trusts on the PEPS Units to the extent the relevant Xxxxxx Xxxxxxx Trust has funds available for such payment, as described under “Description of Guarantee” above. No single document executed by Xxxxxx Xxxxxxx will provide for the full, irrevocable and unconditional guarantee of the PEPS Units. It is only the combined operation of the guarantee, the trust agreements and the junior subordinated indenture that has the effect of providing a full, irrevocable and unconditional guarantee of the Xxxxxx Xxxxxxx Trusts’ obligations under the PEPS Units. As long as Xxxxxx Xxxxxxx pays interest and other payments when due on each series of junior subordinated debentures, those payments will be sufficient to cover distributions and redemption and liquidation payments due on the related series of PEPS Units, primarily because: • the aggregate principal amount of the junior subordinated debentures will be equal to the sum of the aggregate liquidation amount of the PEPS Units and the common securities; • the interest rate and interest and other distribution dates on the junior subordinated debentures will match the distribution rate and distribution and other distribution dates for the PEPS Units; • Xxxxxx Xxxxxxx will, pursuant to an expense agreement, pay for any and all costs, expenses and liabilities of the Xxxxxx Xxxxxxx Trusts, except withholding taxes and the Xxxxxx Xxxxxxx Trusts’ obligations to holders of the PEPS Units and the common securities; and • the trust agreements provide that the Xxxxxx Xxxxxxx Trusts will not engage in any activity that...
