Standby Guarantee definition

Standby Guarantee has the meaning given in Section 3.1 of this Agreement;
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Standby Guarantee has the meaning ascribed to it in Section 2.3.
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Examples of Standby Guarantee in a sentence

  • Standby Guarantor means the financial institution providing the Standby Guarantee.

  • In the event that a Standby Guarantor either defaults on its obligation pursuant to this Section 3.1 or terminates its obligations under this Agreement pursuant to Section 9.2, the Company cannot obligate the other Standby Guarantors to exercise the Standby Guarantee of the defaulting or terminating Standby Guarantor and no Standby Guarantor will be liable to the Company with respect to a default by another Standby Guarantor.

  • The Company will take all action as may be necessary and appropriate to obtain conditional acceptance by the Exchange of the issuance of the Rights, the Rights Shares, the Standby Shares, the Standby Guarantee and the Standby Purchase Fee, subject to receipt of customary final documentation.

  • On the Closing Date, the Standby Guarantor will purchase 100% of the Rights Shares, issuable under the Rights Offering, which remain unsubscribed for by holders of Rights (the "Standby Guarantee").

  • The Company shall exercise its rights pursuant to the Standby Guarantee only so as to require Exxxxxx and East Lane to purchase additional Rights Shares in the proportions set forth above, and not on any other basis.

  • The Company will, at the Closing Time, and upon such payment being made by the Standby Guarantor for the Standby Shares, pay the Standby Fee to the Standby Guarantor in accordance with the Standby Guarantee.

  • In the event that only one Guarantor either defaults on its obligation pursuant to this Section 3.1 or terminates its obligations under this Agreement pursuant to Section 9.2, the Company may, but is not obligated to, invite the other Guarantor to satisfy the Standby Guarantee commitment of the defaulting or terminating Guarantor, but such other Guarantor will have no obligation to satisfy the Standby Guarantee commitment of the defaulting or terminating Guarantor.

  • On the Closing Date, the Company shall have the right (the “Guarantee Right”) to require Exxxxxx and East Lane to purchase upto that number of the Rights Shares issuable under the Rights Offering, which remain unsubscribed for by the holders of the Rights following the completion of the Rights Offering, in the following proportions: Exxxxxx – 70% East Lane – 30% (together, the "Standby Guarantee").

  • The Purchasers hereby agree to purchase from the Corporation, and the Corporation hereby agrees to issue to the Purchasers, on the terms and subject to the conditions set out in this Agreement, Debentures having an aggregate principal amount (the “Purchase Price”) equal to the sum of (a) $100,000,000 plus (b) the Standby Guarantee Amount.

  • If Contractor’s employees are unable to work a Vessel resulting in Standby, Guarantee and/or Detention (as defined in Section I hereof), or if Contractor’s employees must be paid for minimum working periods in accordance with prevailing contractual labor agreements, then such idle time will be charged to the Carrier by Contractor at the detention rates and/or guarantee rate set forth in the annexed Appendix II.

Related to Standby Guarantee

  • 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.

  • 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.

  • 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.

  • 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 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.

  • 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 Guaranty means the Subsidiary Guaranty made by the Subsidiary Guarantors in favor of the Administrative Agent and the Lenders, substantially in the form of Exhibit G.

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

  • 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.

  • 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.

  • Security Guarantee means the guarantee of the Securities executed by each Guarantor and the notation thereof executed pursuant to the provisions of this Indenture.

  • Corporate Guarantee means the guarantee required to be executed hereunder by the Corporate Guarantor in such form as the Bank may agree or require ;

  • Common Securities Guarantee means the guarantee agreement to be dated as of [ ] of the Sponsor in respect of the Common Securities.

  • Securities Guarantees means the Common Securities Guarantee and the Preferred Securities Guarantee.

  • 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:

  • Preferred Securities Guarantee means any guarantee that the Company may enter into with the Trustee or other Persons that operates directly or indirectly for the benefit of holders of Preferred Securities.

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

  • 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.

  • Guarantee of the Notes means the guarantee of the Notes given by the Guarantor in the Deed of Guarantee;

  • Company Guaranty means the Company Guaranty made by the Company in favor of the Administrative Agent and the Lenders, substantially in the form of Exhibit F.

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

  • Financial guarantee means a performance bond, maintenance bond, surety bond, irrevocable letter of credit, or similar guarantees submitted to the [administering authority] by the responsible party to assure that requirements of the ordinance are carried out in compliance with the storm water management plan.

  • 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).

  • 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.

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