Examples of Collateral Guarantee in a sentence
No margin money should be taken for loan up to ₹ 50,000 and for higher amount loans, preferably 5% should be taken as margin money and it should in no case be more than 10% of the project cost.7.7 Collateral Guarantee on Bank Loan: No collateral guarantee is required.
The Borrower shall procure that the Guarantor shall without the consent of the Agent be permitted to declare or pay Dividends or make any distribution provided that (a) no Event of Default has occurred and is continuing and (b) the Guarantor is in compliance with its financial covenants contained in clause 6.8 of the Guarantee, (c) the Other Borrower is in compliance with clause 6.8 of the Collateral Guarantee and (d) the Borrower is in compliance with all the covenants contained in this Agreement.
Words and expressions defined in the Loan Agreement and/or the Collateral Guarantee shall, unless the context otherwise requires, or unless otherwise defined herein, have the same meanings when used in this Mortgage.
The provisions of clause 8 of the Collateral Guarantee shall apply mutatis mutandis in respect of any certificate, notice, demand or other communication given or made under this Deed.
Their deployment provides some new insights to those organizations designing and supporting CGFs and Credit Lines, especially where these pilots can be further tested on a wider scale.Élan RDC’s COVID-response Cash Collateral Guarantee SchemeAs part of its COVID-19 response, Élan RDC dedicated around 490KUSD to cash collateral guarantees.