Examples of Financial Guarantor in a sentence
A Relevant Financial Guarantor may elect to accelerate payments due under its Financial Guarantee in full or partially.
Under the relevant Financial Guarantee, the Relevant Financial Guarantor unconditionally and irrevocably agrees to pay to the Bond Trustee all sums due and payable but unpaid by the Issuer in respect of scheduled interest and payment of principal (but excluding FG Excepted Amounts) on such Wrapped Bonds, all as more particularly described in the relevant Financial Guarantee.
The Bond Trustee shall be entitled to assume that any instruction, consent or certificate received by it from the Borrower Security Trustee, the Issuer or any Financial Guarantor, which purports to have been given pursuant to the STID, has been given in accordance with its terms.
Such payment may be made in accordance with Condition 9 (Payments) and any payment so made shall be a good discharge, to the extent of such payment, by the Issuer, the Bond Guarantor, a Financial Guarantor or the Bond Trustee, as the case may be.
The relevant Financial Guarantee provided by a Relevant Financial Guarantor in respect of the Bonds will constitute a direct, unsecured obligation of such Relevant Financial Guarantor which will rank at least pari passu with all other unsecured obligations of such Relevant Financial Guarantor, save for such obligations as may be preferred by provisions of law that are both mandatory and of general application.
If no such election is made, the Relevant Financial Guarantor will continue to be liable to make payments in respect of the Bonds pursuant to the relevant Financial Guarantee on the dates on which such payments would have been required to be made if such amounts had not become immediately due and payable.
Each Sub-Class of Wrapped Bonds will have the benefit of a Financial Guarantee issued by a Relevant Financial Guarantor, issued pursuant to a guarantee and reimbursement deed between, among others, the Issuer and the Relevant Financial Guarantor dated on or before the relevant Issue Date (as defined below) of such Bonds (the “G&R Deed”).
Under the terms of the financial guarantee, the total amount payable by the Financial Guarantor will be limited to the Guaranteed Amount (as specified in the relevant Final Terms).
The Common Terms Agreement allows Anglian Water (following a Periodic Review or any material change in the regulation of the water industry in the United Kingdom) to amend any financial ratio contained within the covenants, Trigger Events or Events of Default provided that each Financial Guarantor and the Security Trustee (acting on the instructions of the Majority Creditors) agree and the Rating Requirements have been met.
Parents or guardians living in New Zealand can be a Financial Guarantor and then payments can be made quarterly.