Common use of Application for Guarantee Clause in Contracts

Application for Guarantee. This Agreement applies to loans made by Lender and approved for guarantee by the Authority after the date of this Agreement (the "Loans"). Approval is subject to applicable law and regulations. Any loan approved by Lender contingent upon the Authority's guarantee must be submitted to the Authority for authorization in accordance with an application furnished or approved by the Authority.

Appears in 2 contracts

Sources: Master Guarantee Agreement, Master Guarantee Agreement