Examples of Note Guarantor in a sentence
The list below sets forth each Note Guarantor under its respective business unit.
Date: 4 September 2019 Tenant: Shanghai Huimei Landlord: Shanghai Xxxxx Xxxxxx: BLCT Commercial Building Note Guarantor: NWDSI Premises: 939-000 Xxxxxxx Xxxxxxx Xxxx, Xxxxxxx Xxxxxxxx, Xxxxxxxx, xxx XXX Gross floor area: Approximately 22,487.03 sq.m.
A court could void a Note Guarantor’s obligation under its Note Guarantee, subordinate the Note Guarantee to the relevant Note Guarantor or to a fund for the benefit of its creditors, or take other action detrimental to the holders of the Notes.
In addition, the liability of each Note Guarantor under the indenture will be limited to the amount that will result in its Note Guarantee not constituting a fraudulent conveyance, and there can be no assurance as to what standard a court would apply in making a determination as to what would be the maximum liability of each Note Guarantor.
In particular, while the laws of these jurisdictions do not prevent the Note Guarantees from being granted, in the event that a Note Guarantor is declared insolvent or bankrupt, the relevant Note Guarantee may be deemed to have been a fraudulent transfer and declared void, based upon the Note Guarantor being deemed not to have received fair consideration in exchange for such guarantee.