Examples of Refund Guarantees in a sentence
On or prior to each Borrowing Date, all necessary governmental (domestic and foreign) and material third party approvals and/or consents in connection with the Construction Contract, the Refund Guarantees (to the extent issued on or prior to such Borrowing Date), the Vessel and the other transactions contemplated hereby (except to the extent specifically addressed in other sections of Section 5 or this Section 6) shall have been obtained and remain in effect.
For the avoidance of doubt, there shall be no limit on how many times the Builder shall be obliged to ensure an extension of the Refund Guarantees in accordance with the above.
The Company shall take, or cause to be taken, all steps reasonably required by the Delegate to preserve or protect its interests and the interests of the Delegate in the Refund Guarantees and shall diligently pursue any remedies available to it in respect of any breaches or claims of any party in connection with any of the Refund Guarantees which are necessary to preserve, protect and enforce the interests of the Delegate in the Refund Guarantees.
The Borrower shall use commercially reasonable efforts to procure that as soon as practicable after each other party to the Contracts and the KfW Refund Guarantees receives a Notice of Assignment or a Notice of Charge, as the case may be, such other party shall deliver to the Collateral Agent an Acknowledgment of Assignment or an Acknowledgment of Charge, as the case may be, in substantially the form attached hereto or otherwise reasonably acceptable to the Collateral Agent.
On or prior to each Borrowing Date, all necessary governmental (domestic and foreign) and material third party approvals and/or consents in connection with each Construction Contract, the Refund Guarantees (to the extent issued on or prior to such Borrowing Date), each New Vessel, the Collateral Vessel and the other transactions contemplated hereby (except to the extent specifically addressed in other sections of Section 5 or this Section 6) shall have been obtained and remain in effect.