Examples of IIFCL Guarantee in a sentence
The Issuer shall pay to the Guarantor, on the IIFCL Guarantee Effective Date and no later than [•] Business Days following each anniversary of the IIFCL Guarantee Effective Date in advance an annual administration fee ("Annual Administration Fee") of [•].
This IIFCL Guarantee and all non-contractual obligations arising out of or in connection with it, is governed by the laws of India.
This IIFCL Guarantee constitutes the entire agreement between the Parties with respect to the subject matter of this IIFCL Guarantee and supersedes any prior written or oral agreement between them with respect to such subject matter.
The Issuer shall pay to the Guarantor, the IIFCL Guarantee Fee monthly (or as otherwise required in accordance with the terms of the Counter-Indemnity) in advance, on each IIFCL Guarantee Fee Payment Date or on such other dates as may be required in accordance with the terms of the Counter-Indemnity and in the manner specified in the Trust and Retention Account Agreement.
Residences may be rented short or long term by owners without approval of the declarant or property owner’s association with the understanding that rental guest of the homeowners will respect common areas and any damage caused to common areas by rental guest can be passed on to the homeowner.
Failure or default by the Issuer or the Sponsor to perform any of their respective obligations (other than payment and Safeguard and Integrity Provisions related obligations as specified in Clause 8A.1 (i) and (ii) above) under the IIFCL Guarantee, Counter-Indemnity, the Corporate Guarantee and the Sponsor Undertaking and such failure or default is not cured within [•] days of the occurrence of such failure or default.
The Debenture Trustee (acting for itself and not on behalf of the Debenture Holders) gives the following representations and warranties to the Guarantor on the IIFCL Guarantee Effective Date by reference to the facts and circumstances existing at the time such representation and warranty is made.
If there is any error or mistake in any payments of any amount between any of the Parties under this IIFCL Guarantee resulting in a sum being under or over paid, such sum shall be adjusted and paid or repaid (as applicable) with the payment of the next such amount.
No Party is liable to any other Party as a result of any breach, action or inaction under this IIFCL Guarantee or otherwise for any loss of profit, revenue or consequential loss suffered or incurred by any such other Party.
This IIFCL Guarantee may be executed in any number of counterparts, and this has the same effect as if the signatures on the counterparts were on a single copy of this IIFCL Guarantee.