Guaranteed Party Acceleration definition

Guaranteed Party Acceleration has the meaning given to it in Clause 5.2 (Guaranteed Party Acceleration).
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Guaranteed Party Acceleration means the Guarantor has failed to make payment of a Guaranteed Amount in accordance with the CGIF Guarantee such that a Non-Payment Event has occurred and is continuing;
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Examples of Guaranteed Party Acceleration in a sentence

  • As a result, we have exercised our rights pursuant to Clause 6 (Acceleration) of the CGIF Guarantee to carry out a Guaranteed Party Acceleration.

  • The Issuer has failed to pay the Guaranteed Amount in accordance with the Bond Documents following such Guaranteed Party Acceleration.

  • Form of Guaranteed Party Acceleration Notice 27Signatories 29 THIS GUARANTEE (this Agreement) is dated 18 December 2020 and is made BETWEEN: (1) CREDIT GUARANTEE AND INVESTMENT FACILITY, a trust fund of the Asian Development Bank with its principal office in Manila, the Philippines, as guarantor (CGIF or the Guarantor); and (2) MIZUHO BANK, LTD.

  • The benefit of such a relocation of the runway would enable the existing runway to become the taxiway and to increase the total area between the runways to relieve pressure on the taxiways and aprons.

  • In addition, if a Non-Payment Event or a CGIF Non-Payment Event has occurred and is continuing and if the Debentureholders’ Representative has not complied with the terms of Clauses 3.1 (General), 5.2 (Guaranteed Party Acceleration) and 5.3 (Demand upon a Guaranteed Party Acceleration) of the CGIF Guarantee (as described under this Condition 13.3 (Demand of Payment under the CGIF Guarantee)), CGIF will no longer be liable to make payment under the CGIF Guarantee.

  • The Commissioned Company for Bondholders shall not be entitled to take an Acceleration Step against the Issuer or the Guarantor unless a Guaranteed Party Acceleration has occurred and, in the event that an Acceleration Step is taken in contravention of this provision, the Guarantor shall not be required to pay any amounts in respect of such Acceleration Step.

  • Payment of penalties or fines including but not limited to, parking tickets, moving violations, bank fines and/or late charges.

  • CGIF Non-Payment Event has the meaning given to it in Clause 5.2(a) (Guaranteed Party Acceleration).

Related to Guaranteed Party Acceleration

  • Guaranteed Party means the Borrower and each Subsidiary thereof party to any Interest Rate Protection Agreement or Other Hedging Agreement with an Other Creditor. Each Guarantor understands, agrees and confirms that the Secured Creditors may enforce this Guaranty up to the full amount of the Guaranteed Obligations against such Guarantor without proceeding against any other Guarantor, the Borrower, any other Guaranteed Party, against any security for the Guaranteed Obligations, or under any other guaranty covering all or a portion of the Guaranteed Obligations.

  • Guaranteed Parties means (a) each Lender, (b) each Issuing Bank, (c) the Administrative Agent, (d) each Joint Bookrunner, (e) each Person to whom any Guaranteed Cash Management Obligations are owed, (f) each counterparty to any Swap Agreement the obligations under which constitute Guaranteed Swap Obligations, (g) the beneficiaries of each indemnification obligation undertaken by any Loan Party under any Loan Document and (h) the permitted successors and assigns of each of the foregoing.

  • Guaranteed Payment for each Class of Notes and any Payment Date means the sum of (i) the related Guaranteed Principal Payment Amount plus (ii) the related Aggregate Investor Interest for the Payment Date.

  • Note Obligations means the Notes, the Guarantees and all other obligations of any obligor under this Indenture, the Notes, the Guarantees and the Security Documents.

  • Guaranteed Obligations has the meaning set forth in Section 11.01.

  • Discharge of Credit Agreement Obligations means, with respect to any Shared Collateral, the Discharge of the Credit Agreement Obligations with respect to such Shared Collateral; provided that the Discharge of Credit Agreement Obligations shall not be deemed to have occurred in connection with a Refinancing of such Credit Agreement Obligations with additional First Lien Obligations secured by such Shared Collateral under an Additional First Lien Document which has been designated in writing by the Administrative Agent (under the Credit Agreement so Refinanced) to the Additional First Lien Collateral Agent and each other Authorized Representative as the “Credit Agreement” for purposes of this Agreement.

  • Guaranteed Indebtedness means, as to any Person, any obligation of such Person guaranteeing, providing comfort or otherwise supporting any Indebtedness, lease, dividend, or other obligation (“primary obligation”) of any other Person (the “primary obligor”) in any manner, including any obligation or arrangement of such Person to (a) purchase or repurchase any such primary obligation, (b) advance or supply funds (i) for the purchase or payment of any such primary obligation or (ii) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency or any balance sheet condition of the primary obligor, (c) purchase property, securities or services primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation, (d) protect the beneficiary of such arrangement from loss (other than product warranties given in the ordinary course of business) or (e) indemnify the owner of such primary obligation against loss in respect thereof. The amount of any Guaranteed Indebtedness at any time shall be deemed to be an amount equal to the lesser at such time of (x) the stated or determinable amount of the primary obligation in respect of which such Guaranteed Indebtedness is incurred and (y) the maximum amount for which such Person may be liable pursuant to the terms of the instrument embodying such Guaranteed Indebtedness, or, if not stated or determinable, the maximum reasonably anticipated liability (assuming full performance) in respect thereof.