Cross Guarantee definition

Cross Guarantee means any guarantee or indemnity (or other covenant to secure satisfaction of any payment or obligation) given by a Controlled Entity of JHISE to secure satisfaction of any payment or obligation of any Controlled Entity of JHISE to a Lender which is entitled or becomes entitled to the benefit of the Intercreditor Deeds in accordance with clause 2.2 of that deed.
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Cross Guarantee has the meaning given to it in the Final Funding Agreement.
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Cross Guarantee means the guarantee to be executed by the Borrower, the Sister Company and the Shareholder in favour of the Security Agent for itself and as trustee for the Secured Parties in accordance with Clause 7.1(xii);
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Examples of Cross Guarantee in a sentence

  • It is a condition of the Class Order that the Company and each of the subsidiaries enter into a Deed of Cross Guarantee.

  • These entities which are also referred to in the Directors’ declaration are, together with the Company, all members of the ‘Extended Closed Group’ as defined under the ASIC Corporations Instrument and are parties to a Deed of Cross Guarantee dated 20 January 2006 which provides that the parties to the Deed will guarantee to each creditor payment in full of any debt of these entities on winding up of that entity.

  • As a condition of the Instrument, Howe Automotive Limited and the controlled entities subject to the Instrument (the Howe Automotive ‘Closed Group’) entered into Deeds of Cross Guarantee at various dates.

  • As a condition of the Instrument, Schaffer Corporation Limited and the controlled entities subject to the Instrument (the Schaffer ‘Closed Group’) entered into Deeds of Cross Guarantee at various dates.

  • The following wholly-owned entities have entered into a Deed of Cross Guarantee.

  • It is a condition of the legislative instrument that the Company and each of the subsidiaries enter into a Deed of Cross Guarantee.

  • EVZ Ltd and the Group Entities are the only parties to the Deeds of Cross Guarantee and form the Closed Group.

  • Hedgecoe (2004) cites the examples of Utilitarianism and Principalism and how these pre-made ethical theories have been applied to ethical problems.Hedegcoe (2004) finds this deeply problematic and states, “what counts as an ethical problem in the first place, prior to the application of ethical theory, is socially constructed.” (p.126) Many ethical theories are insufficient because they fail to factor in the social aspect - the ‘is’ of lived experience - into the ‘ought’ of normative judgement.

  • As a condition of the Instrument, Howe Automotive Limited and the controlled entities subject to the Instrument (the Gosh Holdings ‘Closed Group’) entered into Deeds of Cross Guarantee at various dates.

  • Under the Deed of Cross Guarantee, the entities within the Closed Group, including Metcash Limited, have guaranteed to pay any outstanding debts or claims in the event of a winding up of any other entity within the Closed Group.


More Definitions of Cross Guarantee

Cross Guarantee means the Guarantee executed in favor of the Agent pursuant to Section 5.1(a), substantially in the form of Exhibit E.
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Cross Guarantee means a Guarantee Agreement in the form of EXHIBIT D hereto delivered by each of the Cross Guarantors.
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Cross Guarantee a guarantee up to HKD470,000,000 in respect of the HSBC Loan provided by Apex Frame, Bonjour Cosmetic Wholesale Center Limited, Sheen Honour International Limited, Active Earn Limited and Wealthy Train Limited;
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Cross Guarantee means a guarantee given by the Company and SMTEK Europe Limited jointly in favour of Ulster Bank Limited whereby the Company and SMTEK Europe Limited have given mutual or cross guarantees to said Bank in respect of indebtedness of each of them;
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Cross Guarantee the cross guarantee arrangement between Xxxx Xxxx Xxxx and JinBei pursuant to the Cross Guarantee Agreement;
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Cross Guarantee means, in respect of a proposed New Borrower, a guarantee and indemnity in such form and on such terms as the Facility Agent may require whereby each Borrower (including the proposed New Borrower) guarantees to each Financier the obligations of each other Borrower under the other Transaction Documents.
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Related to Cross Guarantee

  • Swap Guarantee If so specified in the Supplement with respect to any Series, the guarantee issued by the Swap Guarantor in favor of the Trust substantially in the form attached as an exhibit to the Swap Agreement.

  • Note Guarantee means the Guarantee by each Guarantor of the Issuer’s obligations under this Indenture and the Notes, executed pursuant to the provisions of this Indenture.

  • Canadian Guarantee means the Canadian Guarantee Agreement, made by each of the Canadian Guarantors in favor of the Canadian Administrative Agent for the benefit of the Lenders to the Canadian Borrower, substantially in the form of Exhibit A-1, as the same may be amended, supplemented or otherwise modified from time to time.

  • Subsidiary Guarantee means the guarantee of the Notes by each Subsidiary Guarantor under this Indenture.

  • Guarantee means a guarantee (other than by endorsement of negotiable instruments for collection in the ordinary course of business), direct or indirect, in any manner (including letters of credit and reimbursement agreements in respect thereof), of all or any part of any Indebtedness or other obligations.

  • Bid guarantee means the bid bond, cashier's check or certified check submitted as part of the bid proposal, payable to the contracting unit, ensuring that the successful bidder will enter into a contract.

  • Holdings Guaranty means the Holdings Guaranty made by Holdings in favor of the Administrative Agent on behalf of the Secured Parties, substantially in the form of Exhibit F-1.

  • Parent Guarantee means the guarantee by Parent Guarantor of the obligations of the Issuer under this Indenture and the Securities in accordance with the provisions of this Indenture.

  • Subsidiaries Guaranty shall have the meaning provided in Section 6.10.

  • Loan guarantee means any guar- antee, insurance, or other pledge with respect to the payment of all or a part of the principal or interest on any debt obligation of a non-Federal borrower to a non-Federal Lender, but does not in- clude the insurance of deposits, shares, or other withdrawable accounts in fi- nancial institutions.

  • Guaranty means, with respect to any Person, any obligation (except the endorsement in the ordinary course of business of negotiable instruments for deposit or collection) of such Person guaranteeing or in effect guaranteeing any indebtedness, dividend or other obligation of any other Person in any manner, whether directly or indirectly, including (without limitation) obligations incurred through an agreement, contingent or otherwise, by such Person:

  • Subsidiary Guarantee Agreement means the Subsidiary Guarantee Agreement, substantially in the form of Exhibit I, made by the Subsidiary Guarantors in favor of the Collateral Agent for the benefit of the Secured Parties.

  • Subsidiary Guaranty means the Subsidiary Guaranty made by the Subsidiary Guarantors in favor of the Administrative Agent and the Lenders, substantially in the form of Exhibit G.

  • Subsidiary Guaranty Agreement means each unconditional guaranty agreement executed by the Subsidiary Guarantors in favor of the Administrative Agent for the ratable benefit of the Secured Parties, substantially in the form of Exhibit H, as amended, restated, supplemented or otherwise modified from time to time.

  • Permitted SBIC Guarantee means a guarantee by the Borrower of Indebtedness of an SBIC Subsidiary on the SBA’s then applicable form, provided that the recourse to the Borrower thereunder is expressly limited only to periods after the occurrence of an event or condition that is an impermissible change in the control of such SBIC Subsidiary (it being understood that, as provided in clause (s) of Article VII, it shall be an Event of Default hereunder if any such event or condition giving rise to such recourse occurs).

  • U.S. Guaranty means (a) the guaranty made by the Parent Borrower, Holdings and the other Guarantors in favor of the Administrative Agent on behalf of the Secured Parties pursuant to clause (b)(i) and (iii) of the definition of “Collateral and Guarantee Requirement,” substantially in the form of Exhibit F-1 and (b) each other guaranty and guaranty supplement delivered pursuant to Section 6.11(a)(i).

  • Limited Guarantee has the meaning set forth in the Recitals.

  • Corporate Guarantee means a guarantee of the obligations of the Borrowers under this Agreement and the other Finance Documents to which each Borrower is a party, in the Agreed Form;

  • Consumer Guarantee means a consumer guarantee applicable to this contract under the Australian Consumer Law, including any Express Warranty.

  • Note Guaranty means the guaranty of the Notes by a Guarantor pursuant to this Indenture.

  • Guaranty Agreement means an agreement executed by the Guarantors in substantially the form of Exhibit F-2 unconditionally guarantying on a joint and several basis, payment of the Indebtedness, as the same may be amended, modified or supplemented from time to time.

  • Securities Guarantee means each guarantee of the obligations of the Company under this Indenture and the Securities by a Guarantor in accordance with the provisions hereof.

  • Capital Securities Guarantee means the guarantee agreement that the Company enters into with Wilmington Trust Company, as guarantee trustee, or other Persons that operates directly or indirectly for the benefit of holders of Capital Securities of the Trust.

  • Guarantee Agreements means the Parent Guarantee Agreement and the Subsidiary Guarantee Agreement.

  • Subsidiary Guaranties means the Domestic Subsidiary Guaranty and each Foreign Subsidiary Guaranty.

  • Financial guarantee means a performance bond, maintenance bond, surety bond, irrevocable letter of credit, or similar guarantees submitted to the [administering authority] by the responsible party to assure that requirements of the ordinance are carried out in compliance with the storm water management plan.