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 Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank.

  • Guaranteed Liabilities means: (a) the Company’s prompt payment in full, when due or declared due and at all such times, of all Obligations and all other amounts pursuant to the terms of the Revolving Credit Agreement, the Notes, and all other Loan Documents heretofore, now or at any time or times hereafter owing, arising, due or payable from the Company to any one or more of the Revolving Secured Parties, including principal, interest, premiums and fees (including, but not limited to, loan fees and reasonable fees, charges and disbursements of counsel (“Attorney Costs”)); (b) each Loan Party’s prompt, full and faithful performance, observance and discharge of each and every agreement, undertaking, covenant and provision to be performed, observed or discharged by such Loan Party under the Revolving Credit Agreement, the Notes and all other Loan Documents; and (c) the prompt payment in full by each Loan Party, when due or declared due and at all such times, of obligations and liabilities now or hereafter arising under Related Swap Contracts and Secured Cash Management Arrangements; provided, however, that the “Guaranteed Liabilities” shall exclude any Excluded Swap Obligations. The Guarantors’ obligations to the Revolving Secured Parties under this Guaranty Agreement are hereinafter collectively referred to as the “Guarantors’ Obligations” and, with respect to each Guarantor individually, the “Guarantor’s Obligations”. Notwithstanding the foregoing, the liability of each Guarantor individually with respect to its Guarantor’s Obligations shall be limited to an aggregate amount equal to the largest amount that would not render its obligations hereunder subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of any applicable state law. Each Guarantor agrees that it is jointly and severally, directly and primarily liable (subject to the limitation in the immediately preceding sentence) for the Guaranteed Liabilities. The Guarantors’ Obligations are secured by various Security Instruments referred to in the Revolving Credit Agreement, including without limitation, the Security Agreement and the Pledge Agreement.

  • Credit Party Obligations means, without duplication, (a) all of the obligations of the Credit Parties to the Lenders (including the Issuing Lender) and the Administrative Agent, whenever arising, under this Credit Agreement, the Notes, or any of the other Credit Documents to which any Credit Party is a party and (b) all liabilities and obligations owing from such Credit Party to any Lender, or any Affiliate of a Lender, arising under Hedging Agreements.

  • 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.

  • Liquidity Obligations “Loan Trustee”, “Non-Extended Facility”, “Note Purchase Agreement”, “Operative Agreements”, “Participation Agreement”, “Performing Equipment Note”, “Person”, “Pool Balance”, “Rating Agencies”, “Regular Distribution Date”, “Replacement Liquidity Facility”, “Responsible Officer”, “Scheduled Payment”, “Special Payment”, “Stated Interest Rate”, “Subordination Agent”, “Taxes”, “Threshold Rating”, “Transfer”, “Trust Agreement”, “Trustee”, “Underwriters”, and “Underwriting Agreement”.

  • Servicer Event of Default wherever used herein, means any one of the following events:

  • Indenture Default means, with respect to any Indenture, any Event of Default (as such term is defined in such Indenture) thereunder.

  • Guaranteed Hedge Agreement means any Hedge Agreement required or permitted under Article V that is entered into by and between any Loan Party and any Hedge Bank.

  • Bankruptcy Event of Default means any Event of Default under Section 8.01(f) of the Credit Agreement.