Guarantee and Debenture definition
Examples of Guarantee and Debenture in a sentence
Composite Guarantee and Debenture dated 16 March 2001 granted by TCN, Telewest Finance Corporation and certain Subsidiaries and associated partnerships of TCN in favour of CIBC World Markets PLC as security trustee, to the extent representing the obligations of those chargors that are Original Guarantors.
The Subsidiary Guaranty, U.K. Guarantee and Debenture and the other Subsidiary Collateral Documents are collectively referred to herein as the "Credit Support Documents".
Each Security Agreement and the UK Composite Guarantee and Debenture creates in favor of the Agent, for the benefit of the Lenders, a legal, valid and enforceable security interest in the Collateral secured thereby.
Unless the context otherwise requires, all covenants, agreements, representations and warranties on the part of the Chargors contained in this Guarantee and Debenture are given by them jointly and separately and shall be construed accordingly.
In favour of any purchaser, the statutory powers of sale and of appointing a receiver which are conferred upon the Lender, as varied and extended by this Guarantee and Debenture, and all other powers of the Lender, shall be deemed to arise and be exercisable immediately after the execution of this Guarantee and Debenture.
The provisions of this Clause 12 shall continue in full force and effect notwithstanding any release or discharge of this Guarantee and Debenture, or the discharge of any Receiver from office.
The Lender may at any time and from time to time delegate by power of attorney or in any other manner to any person or persons all or any of the rights, powers and discretions which are for the time being exercisable by it under this Guarantee and Debenture.
Composite Guarantee and Debenture dated 16 March 2001 granted by TCN, Telewest Finance Corporation and certain Subsidiaries and associated partnerships of TCN in favour of CIBC World Markets PLC as security trustee, to the extent representing the obligations of those chargors that are not Original Guarantors.
New Composite Guarantee and Debenture dated 14 July 2004 granted by TCN and certain of its subsidiaries and associated partnerships in favour of CIBC World Markets PLC as security trustee to the extent representing the obligations of those chargors that are not Original Guarantors.
Each of the parties hereto agrees that each Deed of Accession shall be supplemental to this Guarantee and Debenture and be binding on and enure to the benefit of all the parties hereto.