Completion Guarantees definition
Examples of Completion Guarantees in a sentence
Each of the Parties agrees to make its commercially reasonable best efforts to obtain all necessary approvals for, and to obtain or enter into, as applicable, Project Debt Financing and Completion Guarantees as soon as practicable following the date hereof.
This Agreement shall terminate on the first to occur of (i) the termination of the Indenture and satisfaction of all obligations to the Subordinated Debenture Noteholders thereunder or (ii) the termination of the Completion Guarantees and the Completion Loan Agreement and satisfaction of all obligations to HET, HOCI and the Trustee thereunder and the obligations of the Completion Guarantors under this Agreement (so long as the satisfaction of said obligations does not violate the terms of this Agreement).
Each Lender hereby further authorizes the Administrative Agent and Collateral Agent on behalf of and for the benefit of the Secured Parties, to be the representative of the Secured Parties with respect to the Security Documents and the Completion Guarantees, including without limitation pursuant to Section 9.18 and clause (iii) of the last sentence of Section 5.10(g) hereof.
The Vendor must be satisfied, in its sole discretion, with the then-existing documentation relating to the senior project financing, including without limitation the form and substance of the Completion Guarantees to be provided by the members of the Korean Consortium (on a several basis) and the Parent to the lenders of such financing.
The Guarantors have been requested to enter into Completion Guarantees (collectively, the "Completion Guarantees," and individually, a "Completion Guarantee") for the purposes of (i) the New Bonds and the New Contingent Bonds, (ii) the General Development Agreement, (iii) the Casino Operating Contract, and (iv) the Credit Agreement.