Guarantee Agent definition

Guarantee Agent has the meaning assigned to this term in the Credit Agreement.

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Guarantee Agent means Banco Nacional de México, SA, member of Grupo Financiero Banamex, Fiduciary Division.

Guarantee Agent. In cases of syndicated loans, its administration requires a skilled person specialized in performing such function. The Guarantee Agent shall be a bank (the structuring entity itself or one of the banks that make up the union), which role will be to manage contracts of warranties that the Concessionaire has given as credit Guarantee, execute warranties on banks’ behalf and recover the execution amounts to be distributed among the banks.

Examples of Guarantee Agent in a sentence

The terms and conditions of the Lower Saxony Guarantees are incorporated herein and in so far as they impose terms, conditions and/or obligations on the Agent and/or the Lower Saxony Guarantee Agent and/or the Lenders in relation to the Borrower or any other Obligor then such terms, conditions and obligations are binding on the parties hereto.
The Borrower shall pay or indemnify the Agent, the Lower Saxony Guarantee Agent and each of the Lenders on demand against any and all stamp, registration and similar Taxes which may be payable in any jurisdiction in connection with the entry into, performance and enforcement of this Agreement or any of the other Security Documents or a Lower Saxony Guarantee.
Nothing herein contained shall interfere with the right of any Lender, the Agent and the Lower Saxony Guarantee Agent to arrange their respective tax affairs in whatever manner they think fit.
If the currency option contained in Clause 3 is exercised in respect of a Tranche to take effect after the relevant Delivery Date, a new Lower Saxony Guarantee fee schedule shall be agreed between the Lower Saxony Guarantee Agent and the Borrower on the first Currency Conversion Date in respect of that Tranche and shall from such date be deemed to be a part of this Agreement in substitution for the previously agreed Lower Saxony Guarantee fee schedule in respect of that Tranche.
The Lower Saxony Guarantee Agent has been appointed by the Lenders and the Agent as agent under Clause 20.3 and (unless the context otherwise requires) references herein to the Lower Saxony Guarantee Agent shall be construed as references to itself, the Lenders and the Agent.
All the powers arising from any and all such security may be exercised from time to time as the Agent, the Lower Saxony Guarantee Agent or the Lenders or any of them may deem expedient.
Without affecting the Borrower’s obligations under Clause 7.2 the affected Lender, the Agent or the Lower Saxony Guarantee Agent shall take such reasonable steps as may be open to it to mitigate the effect of any tax withholding requirement, subject to the prior consent of the German State of Lower Saxony.
The Agent has been appointed by the Lenders and the Lower Saxony Guarantee Agent as agent under Clause 20.3 and (unless the context otherwise requires) references herein to the Agent shall be construed as references to itself, the Lenders and the Lower Saxony Guarantee Agent.
No failure to exercise and no delay in exercising on the part of the Agent, the Lower Saxony Guarantee Agent or any of the Lenders any right or remedy under any of the Security Documents or the Lower Saxony Guarantees shall operate as a waiver thereof, nor shall any single or partial exercise of any right or remedy preclude any other or further exercise thereof, or the exercise of any other right or remedy.
If any Lender, the Agent or the Lower Saxony Guarantee Agent proposes to make a claim under the provisions of this Clause 7.2.2 it shall certify to the Borrower in reasonable detail within thirty (30) days (or such longer period as any Lender, the Agent or the Lower Saxony Guarantee Agent may reasonably require) after becoming aware of the event by reason of which it is entitled to make its claim or claims the basis of its claim or claims, such certificate to be conclusive, save for manifest error.

More Definitions of Guarantee Agent

Guarantee Agent shall have the meaning provided in the Guarantee Agreements, as applicable.

Guarantee Agent means DVB Bank, as agent and security agent under the Amended Guarantee Facility Agreement.

Guarantee Agent means Itaú Chile, as indicated in the foreword of this Agreement. “Amortization” means each payment the principal of the Loan made by the Debtor on the Maturity Date. “Government Authority” means any entity that performs executive, legislative, judicial, regulatory or administrative functions in any jurisdiction, whether in Chile or abroad. “Agent Bank” means Itaú Chile, as indicated in the foreword of this Agreement. “Change of Control” means that the Controlling Shareholder ceases to: /i/ before the Permitted Reorganization has been concluded, being the owner, directly or indirectly, of at least the corporate rights and shares that it currently owns in the Debtor, in each of the Guarantors and of each of the companies that comprise Grupo CorpGroup and/or; /ii/ after the Permitted Reorganization has been concluded, being the owner, directly or indirectly, of at least fifty point one percent of the corporate rights in the Debtor; /iii/ at all times during the term of the Loan, ensure the majority of votes in the partners’ or shareholders’ meetings of the Debtor, of each of the Guarantors and of each of the companies that

Guarantee Agent has the meaning attributed to it in the preamble to this Agreement.