SPV Guarantee definition

SPV Guarantee. ’ means the limited recourse guarantee granted by the Security SPV on a first-priority basis;
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SPV Guarantee means the guarantee provided on a limited recourse basis by the SPV Guarantor of the obligations of the Issuer under the Senior Notes issued hereby, the obligations of Edcon Limited under the 2018 Senior Secured Notes and the 2016 Super Senior Secured ZAR Notes, the obligations of the Senior Notes Guarantors under the Senior Notes Guarantees, the 2018 Senior Secured Notes Guarantors under the 2018 Senior Secured Guarantees, the obligations of the 2016 Super Senior Notes Guarantors under the 2016 Super Senior Secured Guarantees, the obligations of the borrowers under the Super Senior Revolving Credit Facility and the obligations of the hedging counterparties under the Existing Hedging Arrangements and certain hedging arrangements that may be entered into in respect of the Senior Notes, described in “Description of the Senior Notes—Pledge of Proceeds Loan”;
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SPV Guarantee means a guarantee substantially in the form of Exhibit G.
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Examples of SPV Guarantee in a sentence

  • Nqaba has indemnified the Security SPV in respect of claims made under the Security SPV Guarantee.

  • Whilst the Guarantee SPV Guarantee, Indemnity and Indemnity Bond structure retain the security of a real right in the properties, the Issuer does not have the real right directly: the real right is registered in the name of the Guarantee SPV and the Issuer’s claim against the Guarantee SPV is thus contractual.

  • The Contractor will supply a Parent SPV Guarantee in an agreed form.

  • The SPV Guarantee shall stand invoked in accordance with the terms of the SPV Guarantee, and the SPV Trustee will make all payments in accordance with Clause 2.6A (Designated Account and Payment Mechanism) of this Deed and the SPV Guarantee, without the requirement of any further notice, intimation or action by the Debenture Trustee or the Debenture Holders.

  • No withholding tax is currently imposed on payments of interest on the Collateral Bonds or in respect of payments under the Collateral Bond Security SPV Guarantee.

  • Unless expressly otherwise defined in this Agreement, terms and expressions defined in the Mortgage Bond SPV Guarantee (as defined below) have the same meaning in this Agreement.

  • If more than one Secured Creditor claims under this Security SPV Guarantee, then the instructions of the Noteholders shall prevail.

  • RAINY DAY INVESTMENTS NINETEEN (Proprietary) Limited, a company with limited liability registered in accordance with the laws of the Republic of Namibia under registration number 2019/1116, which has been incorporated to hold and realise Security for the benefit of Secured Creditors (including the Noteholders), subject to the Security SPV Guarantee and the Priority of Payments.

  • No Secured Party shall take any Enforcement Action in respect of a Security SPV Guarantee other than as permitted under this Agreement.

  • The provisions of Clause 1 (Definitions and Interpretation), Clause 9 (Miscellaneous), Clause 10 (Notices) and Clause 11 (Law and Jurisdiction) of the Mortgage Bond SPV Guarantee apply to this Agreement as though they were set out in full in this Agreement, except that references to the Mortgage Bond SPV Guarantee are to be construed as references to this Agreement.


More Definitions of SPV Guarantee

SPV Guarantee means the deed of guarantee, dated on or about the Effective Date, executed or to be executed by the SPV Trust in favour of the Debenture Trustee (for the benefit of the Debenture Holders).
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SPV Guarantee means, with respect to any Qualifying SPV, a guarantee substantially in the form of Exhibit G to the DIP Credit Agreement, provided that in the case of the Holding SPV, the term “Guaranteed Obligations” contained in such guarantee shall be defined as “all Obligations of any other Loan Party”.”
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Related to SPV Guarantee

  • Bid guarantee means the bid bond, cashier's check or certified check submitted as part of the bid proposal, payable to the contracting unit, ensuring that the successful bidder will enter into a contract.

  • Subsidiary Guarantee Agreement means the Subsidiary Guarantee Agreement, substantially in the form of Exhibit D, made by the Subsidiary Loan Parties in favor of the Administrative Agent for the benefit of the Lenders.

  • Note Guarantee means the Guarantee by each Guarantor of the Company’s obligations under this Indenture and the Notes, executed pursuant to the provisions of this Indenture.

  • Subsidiary Guaranty Agreement means each unconditional guaranty agreement executed by the Subsidiary Guarantors in favor of the Administrative Agent for the ratable benefit of the Secured Parties, substantially in the form of Exhibit H, as amended, restated, supplemented or otherwise modified from time to time.

  • Subsidiary Guarantee means any guarantee of the obligations of the Issuers under this Indenture and the Notes by any Subsidiary Guarantor in accordance with the provisions of this Indenture.

  • Swap Guarantee If so specified in the Supplement with respect to any Series, the guarantee issued by the Swap Guarantor in favor of the Trust substantially in the form attached as an exhibit to the Swap Agreement.

  • Guarantee used as a verb has a corresponding meaning.

  • Parent Guarantee means the guarantee by Parent Guarantor of the obligations of the Issuer under this Indenture and the Securities in accordance with the provisions of this Indenture.

  • Subsidiary Guaranty is defined in Section 9.7(a).

  • 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.

  • Permitted SBIC Guarantee means a guarantee by the Borrower of Indebtedness of an SBIC Subsidiary on the SBA’s then applicable form, provided that the recourse to the Borrower thereunder is expressly limited only to periods after the occurrence of an event or condition that is an impermissible change in the control of such SBIC Subsidiary (it being understood that, as provided in clause (s) of Article VII, it shall be an Event of Default hereunder if any such event or condition giving rise to such recourse occurs).

  • Subsidiary Guaranties means the Domestic Subsidiary Guaranty and each Foreign Subsidiary Guaranty.

  • Corporate Guarantee means a guarantee of the obligations of the Borrowers under this Agreement and the other Finance Documents to which each Borrower is a party, in the Agreed Form;

  • Limited Guarantee has the meaning set forth in the Recitals.

  • Subsidiaries Guaranty shall have the meaning provided in Section 6.10.

  • Note Guaranty means the guaranty of the Notes by a Guarantor pursuant to this Indenture.

  • Guaranty Agreement means an agreement executed by the Guarantors in substantially the form of Exhibit F-2 unconditionally guarantying on a joint and several basis, payment of the Indebtedness, as the same may be amended, modified or supplemented from time to time.

  • Holdings Guaranty means the Holdings Guaranty made by Holdings in favor of the Administrative Agent on behalf of the Secured Parties, substantially in the form of Exhibit F.

  • 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:

  • Call Off Guarantee means a deed of guarantee in favour of a Contracting Body in the form set out in Framework Schedule 13 (Guarantee) and granted pursuant to Clause 3 of the Template Call Off terms;

  • Capital Securities Guarantee means the guarantee agreement that the Company enters into with Wilmington Trust Company, as guarantee trustee, or other Persons that operates directly or indirectly for the benefit of holders of Capital Securities of the Trust.

  • Subsidiary Guarantees means the guarantees of each Subsidiary Guarantor as provided in Article Thirteen.

  • Guarantee Agreements means the Parent Guarantee Agreement and the Subsidiary Guarantee Agreement.

  • Loan guarantee means any State or federal government

  • Guarantee Agreement means this Guarantee Agreement, as modified, amended or supplemented from time to time.

  • Securities Guarantee means each guarantee of the obligations of the Company under this Indenture and the Securities by a Guarantor in accordance with the provisions hereof.