Completion Guarantee definition

Completion Guarantee means a guarantee entered into in the ordinary course of business by the Borrower or any of its Subsidiaries with respect to the completion of construction of a Student Housing Property.

Completion Guarantee means a completion guarantee granted by Emera in favour of the Government of Canada under which Emera has guaranteed the performance of the obligations of NSP Maritime Link Inc. to cause the completion of the Maritime Link Project in the circumstances and within the timelines provided for in the Completion Guarantee. The Payment Obligation Agreement (as defined below) and Completion Guarantee collectively satisfy the requirement in the FLG term sheet to deliver the “Emera Guarantee Agreement”;

Completion Guarantee shall have the meaning provided in Section 9.7.

Examples of Completion Guarantee in a sentence

• After the Developer notifies the District that top lift paving has been completed, the Completion Guarantee will be released after the District's satisfactory inspection.

• Upon execution of this Lease and prior to the beginning of the Term, Lessee shall have the right to occupy the Premises for the purposes of construction (Construction Period), which shall begin upon the Authority’s issuance to Lessee of a construction permit and the Authority’s receipt of evidence of insurance and Completion Guarantee.

• With the Authority’s permission, the Completion Guarantee also may be in the form of a certified check, a cashier’s check or money order payable to the Authority.

• The Completion Guarantee in a form acceptable to the parties shall be attached to the Lease prior to placing in escrow lacking signatures and final Project cost amount.

• Said amendment shall not change the material terms of this Agreement, including the amount to be paid by City, the structure of the funding or the obligation of Developer with respect to the Completion Guarantee (as hereinafter defined), and such agreement shall otherwise be in a form reasonably acceptable to the Parties.

More Definitions of Completion Guarantee

Completion Guarantee means a completion guarantee, in form and substance satisfactory to the Administrative Agent, issued by an Approved Completion Guarantor which names the Administrative Agent for the benefit of itself, the Issuing Bank and the Lenders as a beneficiary thereof to the extent of the Borrower's or Guarantor's financial interest in an item of Product.

Completion Guarantee means the Completion Guarantee (as defined in the Existing First Lien Financing Agreement) or any similar guarantee delivered by the Borrower in connection with the First Lien Financing Agreement.

Completion Guarantee means the irrevocable financial guarantee and indemnity to be issued by the Guarantor in favour of the Security Agent in the agreed form and which shall be released in accordance with its terms.

Completion Guarantee means the Completion Guarantee, dated as of the date of this Indenture, by the Completion Guarantor in favor of the Trustee.

Completion Guarantee means any completion guarantee relating to the Sunseeker Project furnished by the Borrower or any Restricted Subsidiary.

Completion Guarantee means (x) that certain Completion Guarantee dated as of the date hereof among Stockbridge Real Estate Fund III-A, L.P. and Stockbridge Real Estate Fund III-C, L.P. in favor of KeyCorp Real Estate Capital Markets, Inc., as Administrative Agent and Collateral Agent for the Lenders, in the amount not to exceed $45 million and (y) that certain Completion Guarantee dated as of the date hereof by SBE Entertainment Group, LLC in favor of KeyCorp Real Estate Capital Markets, Inc., as Administrative Agent and Collateral Agent for the Lenders, in the amount not to exceed $5 million.

Completion Guarantee means a completion guarantee, in the customary form accepted by the Lender or otherwise in form and substance satisfactory to the Lender, issued by an Approved Completion Guarantor which names the Lender as a beneficiary thereof to the extent of the applicable Credit Party's financial interest in an item of Product.