Owner Guarantee definition
Examples of Owner Guarantee in a sentence
General Release by Trade Contractor of Owner, Guarantee against Defects, any Warranties and Maintenance Bonds.
As an essential inducement and consideration for entering into this Charter, Charterer is relying on the legal, valid, binding and enforceable nature of the Owner Guarantee given by the Owner Guarantor.
However, machine learning based PET-AS methodologies are showing promise for the accurate TVD and based on our results, ATLAAS appears to be an excellent candidate for use in future trials.
For the avoidance of doubt, such subordination shall contain not only a subordination of sums recovered under enforcement of such security but also a full subordination of Charterer’s rights, both to claim for payment of, and take action to recover sums due against the Owner (but not against the Owner Guarantor under the Owner Guarantee, which right shall be unfettered) and to enforce security, until completion of enforcement of prior-ranking security.
The Indemnifier unconditionally and irrevocably indemnifies the Relevant Group Member against any Loss that may be incurred or sustained by it in relation to the Owner Guarantees or as a direct or indirect consequence of any claim made or purported to be made under the Owner Guarantees, or anything done by any person who is, or claims to be, entitled to the benefit of the Owner Guarantee, in proportion to the Participating Share of the Relevant Owner.