Examples of Guaranteed Moneys in a sentence
PROVISION OF THE NEW GUARANTEE TO A BANK On 30 October 2014, the Company, as guarantor, entered into the New Guarantee Agreement to guarantee up to 50% of the Guaranteed Moneys of the JV Subsidiary in relation to the New Facility under the Supplemental Facility Agreement.
The New Guarantee Agreement shall remain in force until the Guaranteed Moneys has been fully settled.
All expenses incurred by, all payments made in the lawful exercise of the powers conferred upon and all remuneration payable to, the Supervisor shall be payable by FSSI on demand and shall form part of the Guaranteed Moneys and shall be satisfied before any payment is made out of them to the Holders and until payment shall carry interest at 2 percent above the official cash rate published by the Reserve Bank of New Zealand, from time to time, from the date on which they have become payable.
If the Purchaser becomes insolvent, the Guarantor authorises the Seller to prove for all moneys which the Guarantor has paid under this Guarantee and to retain and to carry into a suspense account any dividends received in the insolvency of the Purchaser and any other moneys received in relation to the Guaranteed Moneys until the Guaranteed Moneys have been irrevocably paid in full.
The obligations of the Guarantor contained in this guarantee are continuing obligations and continue despite any settlement or payment or the occurrence of any other thing and remain in full force and effect until all Guaranteed Moneys and all other moneys owing to BOQ Credit under this guarantee, contingently or otherwise, have been paid in full and BOQ Credit has provided a notice to the Guarantor to that effect.