Back-to-Back Guarantee definition

Back-to-Back Guarantee has the meaning set forth in Section 5.8(d).
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Back-to-Back Guarantee means the guarantee in the amount of EUR [•] provided by [Member State] to cover the contingent liability corresponding to the EU Guarantee as set out under Clause 4.4 of this Contribution Agreement;
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Back-to-Back Guarantee means the deed of guarantee, in the Agreed Form, between Deutsche Telekom and BT, pursuant to which BT agrees to counter-guarantee Deutsche Telekom up to 100% of any amount which could be claimed by ▇▇▇▇▇▇▇▇▇ 3G pursuant to the MBNL Guarantee;
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Examples of Back-to-Back Guarantee in a sentence

  • If such guarantee is not replaced by the Purchaser at Closing, the Purchaser shall (i) enter into the MBNL Back-to-Back Guarantee at Closing and (ii) use reasonable endeavours to replace Deutsche Telekom with the Purchaser or a member of the Purchaser’s Group as guarantor and fully release Deutsche Telekom under the MBNL Guarantee as soon as reasonably practicable thereafter.

  • Each such Back-to-Back Guarantee shall remain in place until the expiration or termination of the underlying Cove Point Guarantee.

  • Buyer shall not be required to provide a Back-to-Back Guarantee in respect of a Cove Point Guarantee if, prior to the Closing, such Cove Point Guarantee or the relevant “Guaranteed Obligations” (as defined under such Cove Point Guarantee), have been amended, modified or otherwise varied without prior written consent of Buyer.

  • The Back-to-Back Guarantee will be adjusted monthly to reflect any reduction of obligations under the Parent Guarantees.


More Definitions of Back-to-Back Guarantee

Back-to-Back Guarantee means a guarantee from the Parent in favour of the Corporation in respect of the Peru Guarantees in the form attached hereto as Exhibit A.
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Back-to-Back Guarantee means the guarantee of the unreleased obligations of Seller and its Affiliates contemplated by Section 7.13(b).
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