IIFCL Guarantee definition

IIFCL Guarantee has the meaning assigned to it under Recital C.
Sample 1Sample 2Sample 3
IIFCL Guarantee means this partial credit guarantee comprising Clauses 1 (DEFINITIONS, INTERPRETATION AND INCONSISTENCY) to 14 (ASIGNMENT)(inclusive) together with the Schedules attached hereto.
Sample 1
IIFCL Guarantee means this partial credit guarantee comprising Clauses 1 (DEFINITIONS, INTERPRETATION AND INCONSISTENCY) to 14 (ASIGNMENT) (inclusive) together with the Schedules attached hereto.
Sample 1

Examples of IIFCL Guarantee in a sentence

  • The Debenture Secured Obligations shall also be guaranteed by IIFCL in accordance with the terms of the IIFCL Guarantee Agreement.

  • Provided that in the event of any redemption under this clause 5.6, the IIFCL Guarantee will not be available for the benefit of the Debenture Holders for making good any shortfall in the funds of the Issuer for such redemption.

  • The Issuer hereby agrees and undertakes that till the IIFCL Guarantee is in effect, the Issuer will maintain the Guarantee Fee Reserve in the Guarantee Fee Reserve Sub-Account.

  • IIFCL also intends to execute back-stop guarantee(s) (the "Back-Stop Guarantee(s)") with third party guarantor(s), from time to time (the "Back-Stop Guarantor"), in order to support its guarantee obligations under the IIFCL Guarantee Agreement.

  • Subject to the provisions of this IIFCL Guarantee, from the IIFCL Guarantee Effective Date and upon the occurrence of each IIFCL Guaranteed Event, the Guarantor irrevocably and unconditionally agrees to pay to the Debenture Trustee, each Shortfall Amount.

  • Failure by the Issuer in the payment, when due, of the IIFCL Guarantee Fee within [•] of any IIFCL Guarantee Fee Payment Date.

  • No set-off All payments to be made under this IIFCL Guarantee shall be calculated and be made without (and free and clear of any deduction for) set-off or counterclaim.

  • Notwithstanding any other provision of this IIFCL Guarantee or any confidentiality undertaking executed between the Debenture Trustee and the Guarantor, the Debenture Trustee acknowledges that the Guarantor may disclose to any competent national or international authority any information obtained by the Guarantor in relation to any violation of any of the provisions of Clause 7.1.1.

  • Service Sub-Account The Account Bank shall transfer amounts to the Debt Service Sub-Account: (i) on each Monthly Distribution Date in accordance with Section 5.2.2 (iv) (Withdrawals from the Revenue Sub-Account); (ii) any Shortfall Amount Paid in accordance with the IIFCL Guarantee Agreement; and (iii) on any date when required, in accordance with Section 5.6.3 (Insufficiency in the Debt Service Sub-Account).

  • The Debenture Trustee has the power to enter into, perform and deliver, and has taken all necessary action to authorise its entry into, performance and delivery of, this IIFCL Guarantee, the Debenture Documents to which it is a party and the transactions contemplated by them.

Related to IIFCL Guarantee

  • Bid guarantee means the bid bond, cashier's check or certified check submitted as part of the bid proposal, payable to the contracting unit, ensuring that the successful bidder will enter into a contract.

  • Subsidiary Guarantee means any guarantee of the obligations of the Issuers under this Indenture and the Notes by any Subsidiary Guarantor in accordance with the provisions of this Indenture.

  • Subsidiary Guaranty Agreement means each unconditional guaranty agreement executed by the Subsidiary Guarantors in favor of the Administrative Agent for the ratable benefit of the Secured Parties, substantially in the form of Exhibit H, as amended, restated, supplemented or otherwise modified from time to time.

  • Financial guarantee means a performance bond, maintenance bond, surety bond, irrevocable letter of credit, or similar guarantees submitted to the [administering authority] by the responsible party to assure that requirements of the ordinance are carried out in compliance with the storm water management plan.

  • Subsidiary Guarantee Agreement means the Subsidiary Guarantee Agreement, substantially in the form of Exhibit I, made by the Subsidiary Guarantors in favor of the Collateral Agent for the benefit of the Secured Parties.

  • Guarantee means, as to any Person, (a) any obligation, contingent or otherwise, of such Person guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation payable or performable by another Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of such Person, direct or indirect, (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation, (ii) to purchase or lease property, securities or services for the purpose of assuring the obligee in respect of such Indebtedness or other obligation of the payment or performance of such Indebtedness or other obligation, (iii) to maintain working capital, equity capital or any other financial statement condition or liquidity or level of income or cash flow of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation, or (iv) entered into for the purpose of assuring in any other manner the obligee in respect of such Indebtedness or other obligation of the payment or performance thereof or to protect such obligee against loss in respect thereof (in whole or in part), or (b) any Lien on any assets of such Person securing any Indebtedness or other obligation of any other Person, whether or not such Indebtedness or other obligation is assumed by such Person (or any right, contingent or otherwise, of any holder of such Indebtedness to obtain any such Lien). The amount of any Guarantee shall be deemed to be an amount equal to the stated or determinable amount of the related primary obligation, or portion thereof, in respect of which such Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as determined by the guaranteeing Person in good faith. The term “Guarantee” as a verb has a corresponding meaning.

  • Parent Guarantee means the guarantee of payment of the Securities by the Parent Guarantor pursuant to the terms of this Indenture.

  • Permitted SBIC Guarantee means a guarantee by the Borrower of Indebtedness of an SBIC Subsidiary on the SBA’s then applicable form, provided that the recourse to the Borrower thereunder is expressly limited only to periods after the occurrence of an event or condition that is an impermissible change in the control of such SBIC Subsidiary (it being understood that, as provided in clause (s) of Article VII, it shall be an Event of Default hereunder if any such event or condition giving rise to such recourse occurs).

  • Swap Guarantee If so specified in the Supplement with respect to any Series, the guarantee issued by the Swap Guarantor in favor of the Trust substantially in the form attached as an exhibit to the Swap Agreement.

  • Note Guarantee means the Guarantee by each Guarantor of the Company’s obligations under this Indenture and the Notes, executed pursuant to the provisions of this Indenture.

  • Corporate Guarantee means the guarantee required to be executed hereunder by the Corporate Guarantor in such form as the Bank may agree or require ;

  • Subsidiary Guaranty means, collectively, the Subsidiary Guaranty made by the Subsidiary Guarantors in favor of the Collateral Agent on behalf of the Secured Parties, substantially in the form of Exhibit F-2, together with each other Guaranty and Guaranty supplement delivered pursuant to Section 6.12.

  • Guaranty Agreement means a supplemental indenture, in a form satisfactory to the Trustee, pursuant to which a Subsidiary Guarantor guarantees the Company’s obligations with respect to the Securities on the terms provided for in this Indenture.

  • Guaranty means, with respect to any Person, any obligation (except the endorsement in the ordinary course of business of negotiable instruments for deposit or collection) of such Person guaranteeing or in effect guaranteeing any indebtedness, dividend or other obligation of any other Person in any manner, whether directly or indirectly, including (without limitation) obligations incurred through an agreement, contingent or otherwise, by such Person:

  • Canadian Guarantee means the Canadian Guarantee Agreement, made by each of the Canadian Guarantors in favor of the Canadian Administrative Agent for the benefit of the Lenders to the Canadian Borrower, substantially in the form of Exhibit A-1, as the same may be amended, supplemented or otherwise modified from time to time.

  • Holdings Guaranty means the Holdings Guaranty made by Holdings in favor of the Collateral Agent on behalf of the Secured Parties, substantially in the form of Exhibit F-1.

  • Limited Guarantee has the meaning set forth in the Recitals.

  • Subsidiary Guaranties means the Domestic Subsidiary Guaranty and each Foreign Subsidiary Guaranty.

  • Subsidiaries Guaranty shall have the meaning provided in Section 6.10.

  • Guarantee Agreements means the Parent Guarantee Agreement and the Subsidiary Guarantee Agreement.

  • U.S. Guaranty means (a) the guaranty made by the Parent Borrower, Holdings and the other Guarantors in favor of the Administrative Agent on behalf of the Secured Parties pursuant to clause (b)(i) and (iii) of the definition of “Collateral and Guarantee Requirement,” substantially in the form of Exhibit F-1 and (b) each other guaranty and guaranty supplement delivered pursuant to Section 6.11(a)(i).

  • Guarantee Agreement means this Guarantee Agreement, as modified, amended or supplemented from time to time.

  • Call Off Guarantee means a deed of guarantee in favour of a Contracting Body in the form set out in Framework Schedule 13 (Guarantee) and granted pursuant to Clause 3 of the Template Call Off terms;

  • Parent Company Guarantee means a parent company guarantee to be delivered by the Supplier pursuant to Clause 5.6;

  • Note Guaranty means the guaranty of the Notes by a Guarantor pursuant to this Indenture.

  • Guaranty Agreements means, collectively, the Parent Guaranty Agreements and the Subsidiary Guaranty Agreements.