Examples of New Zealand Guarantor in a sentence
The provisions of this paragraph shall not operate to jeopardise any floating charge nor any assignment or other security interest over any and all damages, compensation, proceeds or other income attributable to such insurance policies which such UK Guarantor, Australian Guarantor or New Zealand Guarantor, as applicable, may be entitled (or which such UK Guarantor, Australian Guarantor or New Zealand Guarantor, as applicable, may be awarded or otherwise derive therefrom).
A UK Guarantor, Australian Guarantor or New Zealand Guarantor, as applicable, shall grant security over its intellectual property, subject to the general principles in these Agreed Security Principles.
It is noteworthy that this Deed becomes effectively useless when the New Zealand Guarantor goes into liquidation, as has occurred in the case of the Shin Ji. When seven crew walked off the ship in Auckland in June 2011, with complaints of unpaid wages and poor work and living conditions, the NZCP, Tu‟ere Fishing Limited, placed itself into voluntary liquidation.
A UK Guarantor, Australian Guarantor or New Zealand Guarantor, as applicable, shall grant security over its insurance policies, subject to the general principles set out in these Agreed Security Principles.
By accepting payment of the full face amount of a Note, Receipt or Coupon or any interest thereon on any Interest Payment Date or the Maturity Date, as the case may be, the New Zealand Holder indemnifies such New Zealand Issuer or New Zealand Guarantor for all purposes in respect of any liability the New Zealand Issuer or New Zealand Guarantor may incur for not deducting any amount from such payment on account of New Zealand resident withholding tax.
The New Zealand Holder must notify the New Zealand Issuer, New Zealand Guarantor or relevant Paying Agent prior to any Interest Payment Date or the Maturity Date, as the case may be, of any change in the New Zealand Holder’s circumstances from those previously notified that could affect the payment or withholding obligations of the New Zealand Issuer, New Zealand Guarantor or relevant Paying Agent in respect of any Note, Receipt or Coupon.
The provisions of this paragraph (b) shall not operate to jeopardise any floating charge nor any assignment or other security interest over any #96856647v2 and all damages, compensation, proceeds or other income attributable to such insurance policies which such UK Guarantor, Australian Guarantor or New Zealand Guarantor, as applicable, may be entitled (or which such UK Guarantor, Australian Guarantor or New Zealand Guarantor, as applicable, may be awarded or otherwise derive therefrom).
Under the Deed, the New Zealand Guarantor must have„sufficient ability to meet the obligations agreed pursuant to this Deed‟.27 However, there is no prescribed method of assessing the ability of the Guarantor to meet the obligations agreed under the Deed of Guarantee.