Issuance of Guarantees. (a) The Guarantors providing a Guarantee on the Initial Issue Date shall execute and deliver to the Trustee the Guarantee in the form attached hereto as Appendix B.
Issuance of Guarantees. (a) The Initial Guarantors shall execute and deliver to the Collateral Trustee a Subsidiary Guarantee in the form attached hereto as Appendix B on the Initial Issue Date. Better-Gro Companies LLC shall execute and deliver to the Collateral Trustee a Subsidiary Guarantee at such time as Better-Gro Companies LLC becomes wholly-owned, directly or indirectly, by the Issuer or is required to do so in order to comply with Section 15.1(b), in either case accompanied by the Opinion of Counsel required by Section 15.1(b). The Additional Guarantors shall, within 30 days of the Initial Issue Date, execute and deliver to the Collateral Trustee a Subsidiary Guarantee together with (but only if the Collateral Trustee so requests in writing with respect to any such Additional Guarantor) an Opinion of Counsel (which may contain customary exceptions) that such Subsidiary Guarantee has been duly authorized, executed and delivered by such Restricted Subsidiary and constitutes a legal, valid and binding obligation of such Restricted Subsidiary enforceable against such Restricted Subsidiary in accordance with its terms.
Issuance of Guarantees. 1. The Bank shall issue the guarantee according to the standard text used in the Bank, as a first-demand guarantee and with non-transferability clause, or according to a different template provided by the Client as part of supporting documents if and as satisfactory to the Bank.
Issuance of Guarantees. 16 5.01 General 16 5.02 Guarantee Certificates....................................................................................................... 16 5.03 Guarantee Legends and Guaranteed Note Certificates ..................................................... 16 5.04 Replacement Notes ........................................................................................................... 17 (a) Mutiliation, Loss, Theft or Destruction, Etc. ....................................................... 17 (b) Switch Option ...................................................................................................... 17 5.05 Note Completion............................................................................................................... 19
Issuance of Guarantees. The Company hereby agrees to cause each Subsidiary that has guaranteed the obligations of the borrowers under the Credit Agreement to guarantee the Company’s obligations under the Notes and the Indenture with respect to the Notes. As of the date of this Supplemental Indenture, the Guarantors are all the Subsidiaries of the Company that are guarantors of the obligations of the borrowers under the Credit Agreement. The Company shall also cause any Subsidiary that hereafter becomes a guarantor under the Credit Agreement to, within 30 days of the date such Subsidiary becomes a guarantor under the Credit Agreement, to guarantee, on a joint and several basis with the Guarantors, the Company’s obligations under the Notes and the Indenture with respect to the Notes and to execute a supplemental indenture containing substantially the terms set forth in Article Two of this Supplemental Indenture evidencing such guarantee. The Company’s obligations to cause the issuance of the guarantees hereunder shall only apply with respect to any specific Subsidiary until such time as such Subsidiary has been released from its obligations pursuant to Section 203 hereof.
Issuance of Guarantees. The Sr. CA in the Credit Department receives a completed Standby Letter of Credit Request Form, which identifies the requirements of the guarantee. The Sr. CA will verify that the contract related to that specific guarantee has been fully executed and insure that the individual executing the contract has the level of authority to approve the contract based on the approval authority matrix. If the contract has been properly authorized in accordance to the approval matrix the Standby Letter of Credit Request Form will be processed. The designated Project CM, Country Manger or the DOC must approve the Standby Letter of Credit Request Form. The Sr. CA reviews the required language and structures the language in accordance to the terms and conditions previously agreed at the time the bid was submitted or if the guarantee language was not negotiated when the bid was submitted, he will structure the guarantee utilizing Hanover’s standard guarantee language. The Sr. CA will present the Letter of Credit request to the DOC for review and approval. After the approval has been obtained the Letter of Credit request will be forwarded to the DOC of Financial Services for final approval and issuance. Once the Letter of Credit is issued the Treasury Analyst will log on the outstanding Letter of Credits log. Vendor Letter of Credits: (See Treasury Narrative) Reconciliation of issued Letter of Credits:
Issuance of Guarantees. (a) The Guarantors providing a Guarantee on the Initial Issue Date shall execute and deliver to the Trustee the Guarantee in the form attached hereto as Appendix B. The obligations of each Guarantor will be limited in all cases to the maximum amount that will result in the obligations of such Guarantor under its Guarantee not constituting a fraudulent conveyance or a fraudulent transfer under applicable law.
Issuance of Guarantees. 3.1 A guarantee, subject to Sections 4 and 5 below and the other provisions and requirements of this Agreement, will only be issued by the Bank in response to a written request by the Borrower in the form of the Guarantee Request, which must be duly signed by the Borrower. The proposed date of issuance of the guarantee must be a Business Day within the term of this agreement and the Guarantee Request must be delivered at least two Business Days prior to the proposed date of issuance. The Borrower may also request the issuance of retroactive guarantees in accordance with law and industry practice. The Bank will issue the requested guarantee in the preagreed form annexed as Annex 2 hereto. Guarantee texts that are not in in accordance with this pre-agreed form are subject to approval of the Bank, as are beneficiaries which do not have their seat in either (i) an OECD member country or (ii) a country listed in Annex 3 hereto. The individual beneficiary and the chosen governing law (except for the choice of the laws of the countries listed in Annex 4 hereto which are pre-approved subject only to changes in circumstances in the future of which we will inform you without undue delay) are subject to these not violating laws, regulations or internal compliance policies.
Issuance of Guarantees. Subject to the terms and conditions of this Agreement, (i) not later than close of business, Rotterdam, The Netherlands time, on December 18, 2003 the Bank shall issue the SVG Guarantee and, provided that the Bank has received a written notice from SVG indicating the contact information of the Person who should receive the SVG Guarantee, deliver the SVG Guarantee by courier to such Person and (ii) following receipt by the Bank at its office in Rotterdam, The Netherlands of any Request, the Bank shall issue a Third Party Guarantee in favor of the third party or parties specified in such Request.
Issuance of Guarantees
