Examples of Guaranteed Indebtedness in a sentence
If the Borrower does not pay us any Guaranteed Indebtedness when it is due, the Guarantor promises to pay it to us immediately on demand.
The Guaranteed Indebtedness Allowed includes any renewal, rescheduling or refinancing of such debt, as set out in Clause 9.
The concept of Creditors Allowed is only applicable for the cases of Guaranteed Indebtedness Allowed.
If the Guaranteed Indebtedness is (x) pari passu with the Notes, then the guarantee of such Guaranteed Indebtedness shall be pari passu with, or subordinated to, the Note Guarantee or (y) subordinated to the Notes, then the guarantee of such Guaranteed Indebtedness shall be subordinated to the Note Guarantee at least to the extent that the Guaranteed Indebtedness is subordinated to the Notes.
The Guarantor must make payments to the Program Administrator of the amount of the liability of the Guarantor for the Guaranteed Indebtedness immediately after demand to do so is made in writing.