Withdrawal of guarantee Sample Clauses

Withdrawal of guarantee. On the day of (or, as the case may be, the date specified in) that notice the Crown Guarantee is withdrawn in respect of all obligations which arise under any Debt Security issued following the date of withdrawal, and such obligations shall not be covered by the Crown Guarantee, and the provisions of clause 10.6 shall apply in respect of all such obligations.
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Withdrawal of guarantee. BUPA may immediately terminate this Agreement without payment of compensation or other damages caused to the Supplier solely by such termination by giving notice in writing to the Supplier if the Guarantor withdraws the Guarantee or any of the events set out in Clause c occurs in respect of the Guarantor.]
Sample 1
Withdrawal of guarantee. Notwithstanding anything to the contrary contained herein or in the Transaction Documents, this Agreement shall terminate (i) automatically on October 21, 2002, or (ii) at such time as BKC terminates the Guarantee in accordance with the terms therewith, if earlier or (iii) upon 30 days prior notice in the event that the cumulative net cash flow position as defined as the net movement of total debt of IFFP during the 12-month period ending October 30, 2001 is more than 10% less than the Performance Criteria for such period as specified on Schedule 1. Further, any Incremental Guarantee Increase may be terminated and withdrawn in the event that the cumulative net cash flow position as defined as the net movement of total debt of IFFP are more than 30% less than the Performance Criteria specified on Schedule 1.
Sample 1

Related to Withdrawal of guarantee

  • Funding by Xxxxxxx; Presumption by Administrative Agent Unless the Administrative Agent shall have received notice from a Lender prior to the proposed date of any Borrowing of Term SOFR Loans (or, in the case of any Borrowing of Base Rate Loans, prior to 12:00 noon on the date of such Borrowing) that such Lender will not make available to the Administrative Agent such Xxxxxx’s share of such Borrowing, the Administrative Agent may assume that such Lender has made such share available on such date in accordance with Section 2.02 (or, in the case of a Borrowing of Base Rate Loans, that such Lender has made such share available in accordance with and at the time required by Section 2.02) and may, in reliance upon such assumption, make available to the Borrower a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable Borrowing available to the Administrative Agent, then the applicable Lender and the Borrower severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount in immediately available funds with interest thereon, for each day from and including the date such amount is made available to the Borrower to but excluding the date of payment to the Administrative Agent, at (A) in the case of a payment to be made by such Lender, the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation, plus any administrative, processing or similar fees customarily charged by the Administrative Agent in connection with the foregoing, and (B) in the case of a payment to be made by the Borrower, the interest rate applicable to Base Rate Loans. If the Borrower and such Lender shall pay such interest to the Administrative Agent for the same or an overlapping period, the Administrative Agent shall promptly remit to the Borrower the amount of such interest paid by the Borrower for such period. If such Lender pays its share of the applicable Borrowing to the Administrative Agent, then the amount so paid shall constitute such Lender’s Loan included in such Borrowing. Any payment by the Borrower shall be without prejudice to any claim the Borrower may have against a Lender that shall have failed to make such payment to the Administrative Agent.

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