Group Guarantee definition

Group Guarantee means any one of them.”

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Group Guarantee means an agreement by a group of microfinance borrowers to be held jointly or severally liable for loan repayments in order to secure credit facilities.

Group Guarantee means a Guarantee from any member of the Consolidated Group (other than an SPP described in paragraph (a)(i) of the definition of Project Finance Indebtedness) in respect of Project Finance Indebtedness;

Examples of Group Guarantee in a sentence

After paying such cash to that guaranteed party the Purchaser shall procure the release of such Seller’s Group Guarantee or Seller’s Facility Guarantee and notify the Seller once the Seller’s Group Guarantee or Seller’s Facility Guarantee has been released.
Such cash will be held by that guaranteed party as collateral for the obligations that are the subject of such Seller’s Group Guarantee or Seller’s Facility Guarantee and the Purchaser shall enter into the documents requested by that guaranteed party to reflect those collateral arrangements.
The obligations of the Group Guarantor under the Group Guarantee are subordinated, to the extent and in the manner provided in this Article Twelve, to all present and future Group Guarantor Senior Indebtedness.
This Group Guarantee is a guarantee of payment and not of collection.
The indebtedness evidenced by this Group Guarantee is, to the extent provided in this Indenture, subordinate and junior in right of payment to Group Guarantor Senior Indebtedness, and this Group Guarantee is issued subject to the subordination provisions of Article Twelve hereof.

More Definitions of Group Guarantee

Group Guarantee means the Group Guarantor’s full and unconditional several guarantee of the payment of the Securities, as provided in Article Eleven and subject to Article Twelve.

Group Guarantee means a guarantee mechanism by which a group of borrowers undertake to be liable jointly or severally to a loan of any one of them.

Group Guarantee means the unlimited multi-party guarantee dated as of the Original Closing Date and delivered by the Guarantors in favour of the Administrative Agent, as amended, supplemented, restated or replaced from time to time.

Group Guarantee has the meaning set out in clause 14.1.

Group Guarantee means the British Columbia law unlimited multi-party guarantee dated as of the date hereof in favour of the Administrative Agent with respect to the debts, liabilities and obligations of the Credit Parties under the Loan Documents.

Group Guarantee the deed of that name dated 21 March 1996 and made between the Guarantors, the Debtors and the Bank; “Guarantors” - each of the companies named in Schedule 2 and any other entity which becomes an Additional Guarantor under clause 16; “Master Agreement” - this Agreement excluding each Appendix;

Group Guarantee means an agreement entered into by a group of micro- finance borrowers to be held jointly or severally liable for loan repayments in order to secure credit facilities;