Group Guarantee definition

Group Guarantee means any one of them.”

Group Guarantee means a Guarantee from any member of the Consolidated Group or a Subsidiary or an Affiliate of such a member (other than an SPP described in paragraph (i) of the definition of “Project Finance Indebtedness”);

Group Guarantee means an agreement by a group of microfinance borrowers to be held jointly or severally liable for loan repayments in order to secure credit facilities;

Examples of Group Guarantee in a sentence

• The obligations of the Group Guarantor under the Group Guarantee are direct, unconditional, unsubordinated and unsecured obligations of the Group Guarantor and claims under the Group Guarantee rank at least pari passu with all other present and future unsecured and unsubordinated obligations of the Group Guarantor, other than any obligations preferred by mandatory provisions of applicable law.

• Such cash will be held by that guaranteed party as collateral for the obligations that are the subject of such Seller’s Group Guarantee or Seller’s Facility Guarantee and the Purchaser shall enter into the documents requested by that guaranteed party to reflect those collateral arrangements.

• The payment of principal and interest in respect of the Covered Bonds and all other monies (including default interest) payable by the Issuer under or pursuant to the Trust Deed has been unconditionally guaranteed by the Group Guarantor pursuant to a guarantee (the Group Guarantee) in the Trust Deed.

• After paying such cash to that guaranteed party the Purchaser shall procure the release of such Seller’s Group Guarantee or Seller’s Facility Guarantee and notify the Seller once the Seller’s Group Guarantee or Seller’s Facility Guarantee has been released.

• No reference herein to this Indenture and no provision of this Group Guarantee or of this Indenture shall, subject to the subordination provisions in Article Twelve hereof, alter or impair the guarantees of the Group Guarantor, which are full and unconditional, of the due and punctual payment of the Principal of and interest on, and any sinking fund or analogous payments with respect to, the Securities.

More Definitions of Group Guarantee

Group Guarantee means the Group Guarantor’s full and unconditional several guarantee of the payment of the Securities, as provided in Article Eleven and subject to Article Twelve.

Group Guarantee means a guarantee mechanism by which a group of borrowers undertake to be liable jointly or severally to a loan of any one of them.

Group Guarantee has the meaning set out in clause 14.1.

Group Guarantee means the unlimited multi-party guarantee dated as of the Original Closing Date and delivered by the Guarantors in favour of the Administrative Agent, as amended, supplemented, restated or replaced from time to time.

Group Guarantee means the British Columbia law unlimited multi-party guarantee dated as of the Closing Date in favour of the Administrative Agent with respect to the debts, liabilities and obligations of the Credit Parties under the Loan Documents, as amended, restated, supplemented or otherwise modified from time to time.

Group Guarantee the deed of that name dated 21 March 1996 and made between the Guarantors, the Debtors and the Bank; “Guarantors” - each of the companies named in Schedule 2 and any other entity which becomes an Additional Guarantor under clause 16; “Master Agreement” - this Agreement excluding each Appendix;

Group Guarantee has the meaning specified in Section 6.12.