Charterer Guarantee definition

Charterer Guarantee means Deed of Guarantee issued by Charterer Guarantor to Owner guaranteeing the obligations of Charterer to prepay hire in accordance with sections 8.11(a) and (b) under this Charter, a true and correct copy of the form of which is attached hereto as Exhibit B.
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Charterer Guarantee means the guarantee referred to in recital C hereof and issued in favour of the Company by the Charter Guarantor;
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Charterer Guarantee means the document or arrangement referred to in section 3.2(e) securing the obligations of Charterer under section 3.2(c).
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Examples of Charterer Guarantee in a sentence

  • In circumstances where Charterer’s failure is to prepay Hire under section 8.11(a) and/or (b), which has not been remedied either by the Charterer or by payment under the Charterer Guarantee within the applicable period after notice of such failure from Owner (in which case, the Charterer’s failure having been so duly remedied, the Owner may not exercise its termination right), Owner may then without further notice terminate its obligation to deliver the Vessel under this Charter.

  • Further, Charterer shall provide and keep in effect the Charterer Guarantee or shall cause equivalent security to be furnished with respect to the assignee’s obligations hereunder.

  • Before Owner does this, it must make demand under the Charterer Guarantee.

  • Except with respect to an assignment to an Affiliate, with effect from the effective date of an assignment pursuant to Clause 24.1, Charterer shall be relieved from directly performing its obligations under this Charter but no such assignment shall relieve Charterer from any liability of Charterer prior to the effective date of such assignment or any liability of Charterer Guarantor under the Charterer Guarantee.

  • Charterer Guarantee The guarantee of Charterer’s performance under this Charter given by Charterer Guarantor, the form of which is attached as Appendix G-2, and referenced in Clause 5.5. .

  • The Charterer Guarantee shall be available to secure Owner’s rights to receive payments of Hire or of any other sum due under or in relation to this Charter, even arising out of a termination of letting of the Vessel hereunder.

  • For the avoidance of doubt these shall include issuance of the Owner Guarantee, the Charterer Guarantee and the Charterer Security.

  • Within the time periods set forth in Clauses 4.7 and 5.5, Owner and Charterer shall each deliver to the other Party the Owner Guarantee and the Charterer Guarantee, respectively.

  • The Charterer Guarantee or the Letter of Credit (subject, if applicable, to its stated limit), as the case may be, shall secure Charterer’s liability in relation thereto.

  • In case the Term ends because of a Charterer Event of Default, the Charterer Guarantee or Letter of Credit, as the case may be, should be maintained until Charterer’s liability as referred to in section 39.1(d) has been paid.

Related to Charterer Guarantee

  • Corporate Guarantee means a corporate guarantee executed or, as the context may require, to be executed by the Corporate Guarantor of the obligations of the Borrowers under this Agreement and the other Finance Documents to which each Borrower is a party in the Agreed Form;

  • Bid guarantee means the bid bond, cashier's check or certified check submitted as part of the bid proposal, payable to the contracting unit, ensuring that the successful bidder will enter into a contract.

  • Parent Guarantee means the guarantee by Parent Guarantor of the obligations of the Issuer under this Indenture and the Securities in accordance with the provisions of this Indenture.

  • Performance Guarantee means the security to be provided by the Contractor in accordance with Sub Clause 10.1 for the due performance of the Contract.

  • Note Guarantee means the Guarantee by each Guarantor of the Company’s obligations under this Indenture and the Notes, executed pursuant to the provisions of this Indenture.

  • Consumer Guarantee means a consumer guarantee applicable to this contract under the Australian Consumer Law, including any Express Warranty.

  • Guarantee used as a verb has a corresponding meaning.

  • Guaranty means, with respect to any Person, any obligation (except the endorsement in the ordinary course of business of negotiable instruments for deposit or collection) of such Person guaranteeing or in effect guaranteeing any indebtedness, dividend or other obligation of any other Person in any manner, whether directly or indirectly, including (without limitation) obligations incurred through an agreement, contingent or otherwise, by such Person:

  • Seller Guaranty means a guaranty of payment and performance issued by a Seller Guarantor in the form attached to this Agreement as Exhibit V or in such other form as may be acceptable to Purchaser acting reasonably.

  • Refund Guarantee means a, or if more than one, each refund guarantee arranged by the Yard in respect of a Pre-delivery Installment and provided by one or more financial institutions contemplated by the Construction Contract, or by other financial institutions reasonably satisfactory to the Lead Arrangers, as credit support for the Yard’s obligations thereunder.

  • Loan guarantee means any State or federal government

  • Canadian Guarantee means the Canadian Guarantee Agreement, made by each of the Canadian Guarantors in favor of the Canadian Administrative Agent for the benefit of the Lenders to the Canadian Borrower, substantially in the form of Exhibit A-1, as the same may be amended, supplemented or otherwise modified from time to time.

  • Subsidiary Guarantee means any guarantee of the obligations of the Issuers under this Indenture and the Notes by any Subsidiary Guarantor in accordance with the provisions of this Indenture.

  • Financial guarantee means a performance bond, maintenance bond, surety bond, irrevocable letter of credit, or similar guarantees submitted to the [administering authority] by the responsible party to assure that requirements of the ordinance are carried out in compliance with the storm water management plan.

  • guarantee contract means a contract entered into by a person as guarantor;

  • CONSTRUCTION GUARANTEE means a guarantee at call obtained by the contractor from an institution approved by the employer in terms of the employer's construction guarantee form as selected in the schedule

  • Other Guarantees means all guarantees, other than this Preferred Securities Guarantee, to be issued by the Guarantor with respect to preferred securities (if any) similar to the Preferred Securities, issued by trusts other than the Issuer to be established by the Guarantor (if any), in each case similar to the Issuer.

  • Limited Guarantee has the meaning set forth in the Recitals.

  • Holdings Guaranty means the Holdings Guaranty made by Holdings in favor of the Administrative Agent on behalf of the Secured Parties, substantially in the form of Exhibit F-1.

  • Subsidiary Guarantee Agreement means the Subsidiary Guarantee Agreement, substantially in the form of Exhibit I, made by the Subsidiary Guarantors in favor of the Collateral Agent for the benefit of the Secured Parties.

  • Corporate Guaranty means a legal document used by an entity to guaranty the obligations of another entity.

  • Subsidiary Guaranty Agreement means each unconditional guaranty agreement executed by the Subsidiary Guarantors in favor of the Administrative Agent for the ratable benefit of the Secured Parties, substantially in the form of Exhibit H, as amended, restated, supplemented or otherwise modified from time to time.

  • Call Off Guarantee means a deed of guarantee that may be required under this Call Off Contract in favour of the Customer in the form set out in Framework Schedule 13 (Guarantee) granted pursuant to Clause 7 (Call Off Guarantee);

  • Swap Guarantee If so specified in the Supplement with respect to any Series, the guarantee issued by the Swap Guarantor in favor of the Trust substantially in the form attached as an exhibit to the Swap Agreement.

  • Parent Company Guarantee means a guarantee issued in favour of the Operator in substantially the form set out in Schedule 6 (Form of Parent Company Guarantee).

  • Seller Guarantor has the meaning set forth in the Preamble.