Sovereign Guarantee definition

Sovereign Guarantee means the First Demand Guarantee dated June 30, 2009, issued by the Sovereign Guarantors under which the Sovereign Guarantors guarantee the joint and several payment obligations of Dexia under this Agreement. Capitalized terms used and not defined herein have the meanings assigned in the Pledge and Administration Agreement or if not defined therein, in the Confirmation dated of even date herewith and captioned “Guaranteed Put Contract” (the “Confirmation”).
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Sovereign Guarantee has the meaning given to it in the recitals above.
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Sovereign Guarantee means the sovereign guarantee described in Annex D.
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Examples of Sovereign Guarantee in a sentence

  • Notwithstanding the foregoing, if both a DCL Belgian Corporate Reorganization and a Sovereign Guarantee Unenforceability Date have occurred, all Transfers of Eligible Collateral will be made through, and all Posted Collateral will be held in, the MPAA Account or another account (or subaccount or subcustody arrangement) maintained in the Euroclear System.

  • Arrange for the issuance of a Sovereign Guarantee for the planned 56MW facility, approved and secured by the government of Ghana and arrange insurance for the Sovereign Guarantee and secure credit lines and equity financing from banks and/or other financial institutions in order to fund the project.

  • This Annex Amendment Agreement shall be effective upon the execution hereof by the parties hereto, and Dexia having obtained the consent or acknowledgement of the Sovereign Guarantors to the terms hereof in accordance with the Sovereign Guarantee Reimbursement Agreement.

  • For so long as the Sovereign Guarantee is in effect, FSA (if it is the Secured Party Representative) agrees to exercise any such Voting Rights related to the Put Portfolio Assets taking into account in good faith the interests of the Sovereign Guarantors as guarantors under the Sovereign Guarantee in relation to such exercise.

  • FSAM hereby constitutes and appoints the Collateral Agent as its true and lawful attorney-in-fact and agent, to make claims under the Sovereign Guarantee in accordance with Section 4.2 of the Pledge and Administration Agreement.

  • If so required by Dexia the Credit Protection Agreements may be terminated without termination payments being made by either party (other than for accrued payments) on the Sovereign Guarantee Date and replaced with a Dexia Asset Guarantee having the terms described elsewhere herein.

  • Such books and records of account shall include statements of account with respect to transactions involving the FSAM Sovereign Guarantee Collateral and the FSAM Collateral.

  • On and after the occurrence of a Dexia Event of Default and the election of FSA to become the Secured Party Representative, so long as the Sovereign Guarantee is no longer in effect or an early termination date has been designated under the Dexia Guaranteed Put Contract, the Collateral Agent shall follow solely the instructions of FSA with respect to the exercise of such Voting Rights until the Senior Release Date.

  • Details of Credit Support Documents and the Sovereign Guarantee: Party A: The Credit Support Annex hereto and the Sovereign Guarantee.

  • For so long as the Dexia Guarantors are the Secured Party Representative and the Sovereign Guarantee is in effect, the Dexia Guarantors agree to exercise any Voting Rights in relation to the Put Portfolio Assets only taking into account the interests of the Sovereign Guarantors in relation to the Sovereign Guarantee.


More Definitions of Sovereign Guarantee

Sovereign Guarantee means the guarantee issued by the Sovereign Guarantors under which the Sovereign Guarantors will guarantee the performance by Dexia of its joint and several obligations under the Dexia Guaranteed Put Contract.
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Related to Sovereign Guarantee

  • Canadian Guarantee means the Canadian Guarantee Agreement, made by each of the Canadian Guarantors in favor of the Canadian Administrative Agent for the benefit of the Lenders to the Canadian Borrower, substantially in the form of Exhibit A-1, as the same may be amended, supplemented or otherwise modified from time to time.

  • Foreign Guaranty means a Corporate Guaranty provided by an Affiliate of a Participant that is domiciled in a foreign country, and meets all of the provisions of Tariff, Attachment Q. “Form 715 Planning Criteria” shall have the same meaning provided in the Operating Agreement.

  • Guaranty means, with respect to any Person, any obligation (except the endorsement in the ordinary course of business of negotiable instruments for deposit or collection) of such Person guaranteeing or in effect guaranteeing any indebtedness, dividend or other obligation of any other Person in any manner, whether directly or indirectly, including (without limitation) obligations incurred through an agreement, contingent or otherwise, by such Person:

  • Loan guarantee means any State or federal government

  • Guarantee means a guarantee (other than by endorsement of negotiable instruments for collection in the ordinary course of business), direct or indirect, in any manner (including letters of credit and reimbursement agreements in respect thereof), of all or any part of any Indebtedness or other obligations.