Examples of Corporate Guaranty in a sentence
Example: Participants A and B each have a $10.0 million Corporate Guaranty from their common parent, a holding company with an Unsecured Credit Allowance calculation of$12.0 million.
A Foreign Guaranty is a Corporate Guaranty that is provided by an Affiliate entity that is domiciled in a country other than the United States or Canada.
The Corporate Guaranty must be signed by an officer of the Guarantor, and must demonstrate that it is duly authorized in a manner acceptable to PJMSettlement.
The Corporate Guaranty should clearly state the identities of the “Guarantor,” “Beneficiary” (PJMSettlement) and “Obligor” (Participant).
If a Corporate Guaranty is being utilized to establish credit for a Participant, the guarantor will be evaluated and the Unsecured Credit Allowance or Financial Security requirement will be based on the financial strength of the Guarantor.