Examples of Guarantee in a sentence
Nonetheless, upon completion of the Equity Pledge Agreement, the Parent Guarantee will be secured by the Equity Pledge and the exemption under Rule 14A.90 of the Listing Rules shall no longer be applicable.
However, in the absence of the Equity Pledge, as the Parent Guarantee is not secured by any assets of the Group, and as the Directors consider that the Guarantee Agreement is entered into on normal commercial terms or better, the Parent Guarantee is fully-exempted from the independent shareholders’ approval, annual review and all disclosure requirements pursuant to Rule 14A.90 of the Listing Rules.
The provision of the Parent Guarantee constituted a connected transaction in the form of financial assistance in favour of the Company.
We further agree that no change, addition or other modification of the terms of the Contract or of the Works to be performed thereunder or of any of the Contract documents which may be made between you and the Contractor shall in any way release us from any liability under this Guarantee, and we hereby waive notice of any change, addition, or modification.
As such, the Guarantee Agreement, the Equity Pledge Agreement, the Guarantee Fee Agreement and the transactions contemplated thereunder constitute connected transactions under Chapter 14A of the Listing Rules.