Examples of Guaranteed Agreement in a sentence
If any amount shall be paid to the Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full, such amount shall be held in trust for the benefit of the Beneficiary and shall forthwith be paid to the Beneficiary to be credited and applied to such Guaranteed Obligations in accordance with the terms of the applicable Guaranteed Agreement.
All payments made under this Guaranty shall be made together with such additional amounts, if any, as may be necessary to ensure that, after withholdings or deductions as the Guarantor may be required by law to make, the amount received by the Beneficiary from the Guarantor will be the same amount as would have been received had such amount been duly paid by the Sponsor Member in accordance with the applicable Guaranteed Agreement.
The Beneficiary may assign its rights hereunder in whole or in part to any person to whom it has assigned (in whole or in part, as applicable) its rights under any Guaranteed Agreement without the necessity of first obtaining the consent of the Guarantor.
SURVIVAL This Deed of Guarantee shall survive termination or expiry of the Guaranteed Agreement.
GUARANTOR INTENT Without prejudice to the generality of Clause 5 (Beneficiary’s protections), the Guarantor expressly confirms that it intends that this Deed of Guarantee shall extend from time to time to any (however fundamental) variation, increase, extension or addition of or to the Guaranteed Agreement and any associated fees, costs and/or expenses.