Guarantee Currency definition

Guarantee Currency means the currency specified in Clause 3 of the Special Conditions.
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Guarantee Currency means the currency specified in the Guarantee Agreement. “Guarantee Event” means the actions or events, as specified in Sections 8, 9 and
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Examples of Guarantee Currency in a sentence

  • AMOUNT OF GUARANTEE: [Amount in Guarantee Currency], as adjusted in accordance with Article 15 of the General Conditions, and reflected in a revised Special Conditions.

  • If the amount so received should be less than the amount due in the Guarantee Currency under this Guarantee, then as a separate and independent obligation, which gives rise to a separate cause of action, we are obliged to pay the difference.

  • Specified below under the columns headed “Principal Payment” and “Interest Payment” are the Scheduled Payments with respect to the Guaranteed Loan in the amounts (or, with respect to variable rate interest, based on the rates) due on each Scheduled Payment Due Date, in Guarantee Currency: , 20 [ ] [ ] [ ] [Variable] , 20 [ ] [ ] [ ] [Variable] , 20 [ ] [ ] [ ] [Variable] (Note: Interest amounts are to be determined for each Contract Period in accordance with the Loan Agreement).

  • Payments made by the Guarantor to the Lender pursuant to a judgement or order of a court or tribunal in a currency other than that of the Guarantee (“Guarantee Currency”) shall constitute a discharge of the Guarantor’s obligation hereunder only to the extent of the amount of the Guarantee Currency that the Lender, immediately after receipt of such payment in such other currency, would be able to purchase with the amount so received on a recognised foreign exchange market.

  • If the amount so received should be less than the amount due in the Guarantee Currency under this Guarantee, then as a separate and independent obligation, which gives rise to a separate cause of action, the Guarantor is obliged to pay the difference.

  • Subject to Articles 8, 9 and 10, compensation for Breach of Contract shall be the Percentage of Cover in Guarantee Currency, calculated as of the Date of Loss, of the Guarantee Holder’s Share of the amount of the Award less the amount of any Provisional Payment that has been made.

  • TOTAL PREMIUM FOR THE FIRST CONTRACT PERIOD: [Amount of Premium in Guarantee Currency], payable before the Effective Date.

  • Payments made by us to you pursuant to a judgement or order of a court or tribunal in a currency other than that of the Guarantee (the “Guarantee Currency”) shall constitute a discharge of our obligation hereunder only to the extent of the amount of the Guarantee Currency that you, immediately after receipt of such payment in such other currency, would be able to purchase with the amount so received on a recognised foreign exchange market.

  • STANDBY OPTION AMOUNT: [Amount in Guarantee Currency] [Not CLAUSE 12.

  • TOTAL PREMIUM FOR THE FIRST CONTRACT PERIOD: [Amount in Guarantee Currency], payable before the Effective Date.

Related to Guarantee Currency

  • Issue Currency means the issue currency specified in the Final Terms. "Issue Date" means the issue date specified in the Final Terms.

  • Eligible Currency means each currency specified as such in Paragraph 11(a)(ii), if such currency is freely available.

  • Base Currency means the first currency in the Currency Pair against which the Client buys or sells the Quote Currency.

  • Reference Currency means the currency specified as such in the applicable Final Terms.

  • Balance Currency means the currency under which the trading account has the reference on and with which the Client buys or sells the subject matter instruments. It is noted that the all charges including Spreads, Commissions, Charges and Swaps are calculated in the Balance Currency.