Examples of Chilean Guarantor in a sentence
It is not required to make any deduction for or on account of Tax from any payment it may make under any Finance Document; except for the withholding tax applicable in the Republic of Chile in the amount of 35 per cent., or a lower rate withholding tax if a double tax treaty applies, that may be payable on any payment of interest made by a Chilean Guarantor under the Security Documents to a Lender not domiciled or resident in Chile.
Likewise, it will be the obligation and responsibility of the Chilean Guarantor to give evidence in respect of the due and prompt fulfilment of such foreign exchange obligations to the Secured Parties or to the Security Agent at their sole request.
The unenforceability, invalidity, illegality or voidability of the obligations guaranteed by any Chilean Guarantor may render the guarantee unenforceable against such Guarantor under Chilean law.
The enforceability of the obligations guaranteed by any Chilean Guarantor may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or other similar laws relating to or affecting creditors’ rights generally.
It will be the obligation and responsibility of the Chilean Guarantor to promptly fulfil, with respect to the Central Bank of Chile or with respect to whom it may be required, each and all foreign exchange obligations that from time to time may result applicable to this guarantee agreement, including but not limited to information duties, prior authorizations that may be required, and/or any other foreign exchange obligation that from time to time may result applicable.
If for any reason the Chilean Guarantor ceases to be a “Guarantor” (as defined in the Credit Agreement) in accordance with the terms of the Credit Agreement (specifically, but not limited pursuant to the provisions set out in clause 19.10 and 27.6 of the Facility Agreement), the Agent, acting on behalf and for the benefit of the Secured Parties, shall, at the cost and request of the Chilean Guarantor, promptly release and terminate the guarantee contained hereof.
Any expenses, costs, taxes, and/or duties arising from this agreement or to be incurred as a result of it will be borne solely by the Chilean Guarantor.
The Security Agent, being duly represented, hereby expressly accepts on behalf and for the benefit of the Secured Parties this guarantee granted by the Chilean Guarantor in this act.