German Guarantee definition
Examples of German Guarantee in a sentence
Demanding payment under the German Guarantee from such German Guarantor up to the amount which, according to the Auditors’ Determination, did not result in a Capital Impairment is permitted without limitation.
The German Guarantor has full corporate power and authority to enter into the German Guarantee and to perform its obligations thereunder, and all corporate action required pursuant to its articles of association (Gesellschaftsvertrag/Satzung) of the German Guarantor and pursuant to generally applicable company law (Gesellschaftsrecht) to authorize the execution and delivery of the German Guarantee on its behalf and the performance of its obligations thereunder has been duly taken.
The Swiss Guarantee is subject to Swiss law, the German Guarantee is subject to German law.
The agreement of the Loan Parties to abstain from demanding any or part of the payment under a German Guarantee in accordance with the provisions above shall not constitute a waiver (Verzicht) of any right granted under this Agreement or any other Loan Document to the Agent or any Loan Party.
The place of jurisdiction is with respect to the German Guarantee Frankfurt am Main and with respect to the Swiss Guarantee Zurich.
This Section 11.10 shall not affect the enforceability (other than as specifically set out herein), legality or validity of a German Guarantee and each Loan Party is entitled to claim in court that the granting of and/or making payments under a German Guarantee by the relevant German Guarantor does not fall within the scope of Section 30 of the GmbHG.
The issues of the Securities are made either under a guarantee given by Bank Vontobel Europe AG, Munich, Germany (the "German Guarantee", see section 8.a) of the Base Prospectus) or a guarantee given by Vontobel Holding AG, Zurich, Switzerland (the "Swiss Guarantee", see section 8.b) of the Base Prospectus) (each a "Guarantee").
In addition, the restrictions set out in sub-paragraph (i) above in relation to a Liquidity Impairment shall cease to apply, if, at the time a claim under the German Guarantee is made, a preliminary insolvency administrator (vorläufiger Insolvenzverwalter) or an insolvency administrator (Insolvenzverwalter) has been appointed over the assets of the German Guarantor.
The agreement of the Finance Parties to abstain from enforcing the German Guarantee in accordance with the provisions above shall not constitute a waiver (Verzicht) of any right granted under this Agreement or any other Finance Document to the Finance Parties.
At the same time, this research indicated that the credit guarantee programs in Korea made an increase in the development of companies in sales, employment, wages, etc.To assess economic additionality of German Guarantee Banks, Schmidt et al., (2010) applied modeling approach.