Completion Guarantee definition
Completion Guarantee means a guarantee entered into in the ordinary course of business by the Borrower or any of its Subsidiaries with respect to the completion of construction of a Student Housing Property.
Completion Guarantee means a completion guarantee granted by Emera in favour of the Government of Canada under which Emera has guaranteed the performance of the obligations of NSP Maritime Link Inc. to cause the completion of the Maritime Link Project in the circumstances and within the timelines provided for in the Completion Guarantee. The Payment Obligation Agreement (as defined below) and Completion Guarantee collectively satisfy the requirement in the FLG term sheet to deliver the “Emera Guarantee Agreement”;
Completion Guarantee shall have the meaning provided in Section 9.7.
Examples of Completion Guarantee in a sentence
Whether or not so expressly stated therein, in entering into, or taking (or forbearing from) any action under pursuant to, the Completion Guarantee, the Collateral Agent shall have all of the rights, immunities, indemnities and other protections granted to them under this Indenture (in addition to those that may be granted to them under the terms of the Completion Guarantee).
It is hereby expressly acknowledged and agreed that, in taking the foregoing actions, the Collateral Agent is not responsible for the terms or contents of the Completion Guarantee, or for the validity or enforceability thereof, or the sufficiency thereof for any purpose.
More Definitions of Completion Guarantee
Completion Guarantee means that certain Completion Guarantee to be entered into on or about the Issue Date, by and among Parent and the Collateral Agent, as the same may be amended, supplemented or modified from time to time.
Completion Guarantee means, with respect to any item of Product, a completion guarantee, in customary form consistent with the Parent’s past practice or otherwise reasonable and customary for transactions of such nature, which (1) names the production financier to the extent such item of Product is financed in accordance with Section 7.1(a), Section 7.1(b) or Section 7.1(c)(xii) as a beneficiary thereof to the extent of the Parent’s or applicable Restricted Subsidiary’s financial interest in such item of Product and (2) guarantees that such item of Product will be Completed in a timely manner, or else payment may be made to such production financier of an amount of up to the aggregate amount expended on the production of such item of Product by, or for the account of, the Parent or applicable Restricted Subsidiary plus interest on, and other bank charges with respect to, such amount.
Completion Guarantee means a completion guarantee, in form and substance satisfactory to the Administrative Agent, issued by an Approved Completion Guarantor which names the Administrative Agent for the benefit of itself, the Issuing Bank and the Lenders as a beneficiary thereof to the extent of the Borrower’s or Guarantor’s financial interest in an item of Product.
Completion Guarantee means the Completion Guarantee (as defined in the Existing First Lien Financing Agreement) or any similar guarantee delivered by the Borrower in connection with the First Lien Financing Agreement.
Completion Guarantee means the irrevocable financial guarantee and indemnity to be issued by the Guarantor in favour of the Security Agent in the agreed form and which shall be released in accordance with its terms.
Completion Guarantee means any completion guarantee relating to the Sunseeker Project furnished by the Borrower or any Restricted Subsidiary.
Completion Guarantee means the Completion Guarantee, dated as of the date of this Indenture, by the Completion Guarantor in favor of the Trustee.