Government Guarantee definition

Government Guarantee means the guarantee provided by the State of Western Australia pursuant to Section 22 of the Gold Corporation ▇▇▇ ▇▇▇▇ (Western Australia) which provides (amongst other things) that the payment of the cash equivalent of gold due, payable and deliverable by Custodian under the Act is guaranteed by the Treasurer of Western Australia, in the name and on behalf of the Crown in the right of the State of Western Australia;

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Government Guarantee means a legal obligation to pay a loan or other monetary obligation or to perform an act or obligation that is defaulted on by the borrower;

Government Guarantee means a contingent liability that is an obligation undertaken by the Government to pay the debt of a third party in the event that the third party defaults on its debt obligation;

Examples of Government Guarantee in a sentence

The Buying Utility shall extend the State Government Guarantee, in a legally enforceable form, such that there is adequate security, both in terms of payment of energy charges and termination compensation if any [for the purpose of this clause, the Tri-Partite Agreement (TPA) signed between Reserve Bank of India, Central Government and State Government shall qualify as State Government Guarantee covering the security for payment of energy charges].
The Buying Entity shall extend the State Government Guarantee, in a legally enforceable form, such that there is adequate security, both in terms of payment of energy charges and termination compensation if any [for the purpose of this clause, the Tri-Partite Agreement (TPA) signed between Reserve Bank of India, Central Government and State Government shall qualify as State Government Guarantee covering the security for payment of energy charges].
Provided that in cases where the Buying Entity is neither covered by Tri-Partite Agreement (TPA) nor is able to provide the State Government Guarantee, the Buying Entity shall pay to SECI an additional risk premium of Rs. 0.10/kWh, which shall be credited to the payment security fund maintained by the SECI.
The Buying Utility shall extend the State Government Guarantee, in a legally enforceable form, such that there is adequate security, both in terms of payment of energy charges and termination compensation if any.
Superannuation payments shall be calculated for the purposes of the Government Guarantee Charge for all ordinary time earnings including travel allowance shift allowance, tonnage formula etc.

More Definitions of Government Guarantee

Government Guarantee means the agreement between the Government and the Company dated May 25, 2007 providing for GOU’s guarantee to the Company of UETC’s payment obligations under the PPA;

Government Guarantee means the parliamentary guarantee of the Grantor's obligations under this Agreement in the Agreed Form dated on or about the 21st November 2001 given by the Government of Jamaica in favour of the Developer;

Government Guarantee means a direct and irrevocable obligation owed by Korea to guarantee or repay in full, or otherwise protect against any losses on any amount due under, or to purchase, the Bonds, including principal, premium, if any, and interest thereof or thereon provided that:

Government Guarantee means a direct and irrevocable obligation by the Republic to guarantee or repay in full, or otherwise protect against any losses on any amount due under, or to purchase, the Securities of this series, including principal of, premium, if any, and interest on the Securities of this series, provided that:

Government Guarantee. : means the guarantee executed by the Government in the Agreed Form as of the date of this Agreement in favor of the Supplier;

Government Guarantee means an explicit commitment by the Government to pay for a loan obligation of the borrower in a case where the borrower of the guarantee is unable to pay;

Government Guarantee means the parliamentary guarantee of the Grantor's obligations under this Agreement in the Agreed Form dated on or about the date of this Agreement given by the [GOVERNMENT] in favour of the Developer;