Guarantee Bank definition

Guarantee Bank means, as the context may require, (a) RBC Europe Limited, (b) DNB Bank ASA with respect to Bank Guarantees outstanding under the SDAIII Facility Agreement immediately prior to the Third Amendment Effective Date, (c) any other person that may become a Guarantee Bank pursuant to Sections 2.18(i) and (j) with respect to Bank Guarantees issued by such other person, and/or (d) collectively, all of the foregoing. The Guarantee Bank may, subject to the consent of Xxxxxxxx, not to be unreasonably withheld or delayed, arrange for one or more Bank Guarantees to be issued by one or more of its Affiliates (and such Affiliate shall be deemed to be a “Guarantee Bank” for all purposes of the Loan Documents). In the event that there is more than one Guarantee Bank at any time, references herein and in the other Loan Documents to the Guarantee Bank shall be deemed to refer to the Guarantee Bank in respect of the applicable Bank Guarantee or to all Guarantee Banks, as the context requires. Each Guarantee Bank (or one of its Affiliates), with Borrower’s prior written consent (which consent shall not be unreasonably withheld or delayed), may cause Bank Guarantees to be issued by unaffiliated financial institutions, and such Bank Guarantees shall be treated as issued by such Guarantee Bank (or one of its Affiliates) for all purposes under the Loan Documents (it being understood and agreed that, in any event, Borrower hereby consents to HSBC Bank plc and its Affiliates as being such an unaffiliated financial institution of any Guarantee Bank hereunder).
Sample 1Sample 2
Guarantee Bank. (Ngân Hàng Bảo Lãnh) means Vietnam Technological and Commercial Joint Stock Bank (Techcombank).
Sample 1Sample 2
Guarantee Bank means, as the context may require, (a) RBC Europe Limited, (b) any other person that may become a Guarantee Bank pursuant to Sections 2.18(i) and (j) with respect to Bank Guarantees issued by such other person, and/or (c) collectively, all of the foregoing. The Guarantee Bank may, subject to the consent of Borrower, not to be unreasonably withheld or delayed, arrange for one or more Bank Guarantees to be issued by one or more of its Affiliates (and such Affiliate shall be deemed to be a “Guarantee Bank” for all purposes of the Loan Documents). In the event that there is more than one Guarantee Bank at any time, references herein and in the other Loan Documents to the Guarantee Bank shall be deemed to refer to the Guarantee Bank in respect of the applicable Bank Guarantee or to all Guarantee Banks, as the context requires.
Sample 1

Examples of Guarantee Bank in a sentence

  • All the Guarantees like Performance Guarantee, Bank Guarantee for Mobilization advance, machinery Advance etc.

  • Dovre Group adopted a simplified approach to deployment, setting the starting date for existing contracts as January 1, 2019.

  • Form of Performance Guarantee Bank Guarantee BondIn consideration of the Employees’ State Insurance Corp.

  • The executor of Bank Guarantee (Bank Authority) should mention the Power of Attorney No. and date executed in his/her favour authorizing him/her to sign the document or produce the Photostat copy of Power of Attorney.

  • All the guarantee like Performance Guarantee, Bank Guarantee for Mobilization advance, Machinery advance etc.

  • Application Fee, Earnest Money Deposit, Security Deposit, Performance Guarantee, Bank Guarantee etc.

  • The Tenderers having permanent deposit of Rs. 10.00 Lac with the P&M Organization and hence exempted from depositing Earnest Money with tenders, shall required to submit Security Deposit of 2% of order value in the form of Bank Guarantee/ Bank Draft within 30 days from the award of Order/Contract.

  • It shall be noted that for all the guarantees related to the contract, like Performance Guarantee, Bank Guarantee for Mobilization Advance / Machinery Advance etc.

  • NoDocumentClause No. and ExistingProvisionClarification RequiredSuggested Text for Amendment,if anyRationale forClarification or Amendment Annexure VIII – Bank Guarantee for Bid Security[To be stamped in accordance with the relevant Stamp Act] Bank Guarantee Bank Guarantee.

  • The mobilization advance shall be against an irrevocable Guarantee (Bank Guarantee, FDR’s, KVP’s/NSCs) of at least 110% of the value of the sanctioned advance amount.


More Definitions of Guarantee Bank

Guarantee Bank means FirstRand Bank Limited (acting through its Rand Merchant Bank division), a public listed company with limited liability duly incorporated in accordance with the laws of South Africa, having its registered office at 0 Xxxxxxxx Xxxxx, Xxx Xxxxxxx Xxxxx and Rivonia Road, South Africa, registered with the South African Companies and Intellectual Property Commission under registration number 1929/001225/06;
Sample 1
Guarantee Bank means ING Bank N.V., with its registered seat at Amstelveenseweg 500, 1081 KL Amsterdam, The Netherlands, a company lixxxxx xx xxxxxx xxx xxxxxxxxxx xx xxx Xxxxx Xxxxxxer of the Chamber of Commerce and Industry for Amsterdam under the file no. 33031431, acting in Bulgaria through its Sofia branch, registered with Sofia City Court, Company File 11300/00, Xxxxx 18182, Volume 227, Register 1, page 168, BULSTAT K831553811, having its registered office at 12 Emil Bersinski Street, Ivan Vazov Region, Sofia 1408.
Sample 1

Related to Guarantee Bank

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

  • Guarantee Agency means a state agency or a private nonprofit institution or organization which administers a Guarantee Program within a State or any successors and assignees thereof administering the Guarantee Program which has entered into a Guarantee Agreement with the Trustee on behalf of the Purchaser.

  • 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.

  • Guarantee Agreement means the Guarantee Agreement executed by the Company and Wilmington Trust Company, as Guarantee Trustee, contemporaneously with the execution and delivery of this Indenture, for the benefit of the holders of the Preferred Securities, as modified, amended or supplemented from time to time.

  • Guarantee Amount means the maximum amount payable under a guarantee which amount shall be specifically set forth in writing at the time the guarantee is entered into by the authority.

  • 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.

  • 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:

  • Guarantee and Collateral Agreement the Guarantee and Collateral Agreement to be executed and delivered by the Borrower and each Subsidiary Guarantor, substantially in the form of Exhibit A, as the same may be amended, supplemented or otherwise modified from time to time.

  • Guaranteed Indebtedness means, as to any Person, any obligation of such Person guaranteeing, providing comfort or otherwise supporting any Indebtedness, lease, dividend, or other obligation (“primary obligation”) of any other Person (the “primary obligor”) in any manner, including any obligation or arrangement of such Person to (a) purchase or repurchase any such primary obligation, (b) advance or supply funds (i) for the purchase or payment of any such primary obligation or (ii) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency or any balance sheet condition of the primary obligor, (c) purchase property, securities or services primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation, (d) protect the beneficiary of such arrangement from loss (other than product warranties given in the ordinary course of business) or (e) indemnify the owner of such primary obligation against loss in respect thereof. The amount of any Guaranteed Indebtedness at any time shall be deemed to be an amount equal to the lesser at such time of (x) the stated or determinable amount of the primary obligation in respect of which such Guaranteed Indebtedness is incurred and (y) the maximum amount for which such Person may be liable pursuant to the terms of the instrument embodying such Guaranteed Indebtedness, or, if not stated or determinable, the maximum reasonably anticipated liability (assuming full performance) in respect thereof.

  • 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.

  • Guarantees As defined in the preamble hereto.

  • Guarantee Fee shall have the meaning given to that term in Section 4.1.

  • 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.

  • 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.

  • Guaranteed Debt of any Person means, without duplication, all Indebtedness of any other Person referred to in the definition of Indebtedness contained in this Section 101 guaranteed directly or indirectly in any manner by such Person, or in effect guaranteed directly or indirectly by such Person through an agreement (i) to pay or purchase such Indebtedness or to advance or supply funds for the payment or purchase of such Indebtedness, (ii) to purchase, sell or lease (as lessee or lessor) property, or to purchase or sell services, primarily for the purpose of enabling the debtor to make payment of such Indebtedness or to assure the holder of such Indebtedness against loss, (iii) to supply funds to, or in any other manner invest in, the debtor (including any agreement to pay for property or services without requiring that such property be received or such services be rendered), (iv) to maintain working capital or equity capital of the debtor, or otherwise to maintain the net worth, solvency or other financial condition of the debtor or (v) otherwise to assure a creditor against loss; provided that the term “guarantee” shall not include endorsements for collection or deposit, in either case in the ordinary course of business.

  • Canadian Subsidiary Guarantor each Canadian Subsidiary of any Canadian Borrower which executes and delivers the Canadian Guarantee and Collateral Agreement, in each case, unless and until such time as the respective Canadian Subsidiary Guarantor ceases to constitute a Canadian Subsidiary of the Parent Borrower or is released from all of its obligations under the Canadian Guarantee and Collateral Agreement in accordance with the terms and provisions thereof.

  • Guarantee Obligation as to any Person (the “guaranteeing person”), any obligation of (a) the guaranteeing person or (b) another Person (including, without limitation, any bank under any letter of credit) to induce the creation of which the guaranteeing person has issued a reimbursement, counterindemnity or similar obligation, in either case guaranteeing or in effect guaranteeing any Indebtedness, leases, dividends or other obligations (the “primary obligations”) of any other third Person (the “primary obligor”) in any manner, whether directly or indirectly, including, without limitation, any obligation of the guaranteeing person, whether or not contingent, (i) to purchase any such primary obligation or any property constituting direct or indirect security therefor, (ii) to advance or supply funds (A) for the purchase or payment of any such primary obligation or (B) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of the primary obligor, (iii) to purchase property, securities or services primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation or (iv) otherwise to assure or hold harmless the owner of any such primary obligation against loss in respect thereof; provided, however, that the term Guarantee Obligation shall not include endorsements of instruments for deposit or collection in the ordinary course of business. The amount of any Guarantee Obligation of any guaranteeing person shall be deemed to be the lower of (a) an amount equal to the stated or determinable amount of the primary obligation in respect of which such Guarantee Obligation is made and (b) the maximum amount for which such guaranteeing person may be liable pursuant to the terms of the instrument embodying such Guarantee Obligation, unless such primary obligation and the maximum amount for which such guaranteeing person may be liable are not stated or determinable, in which case the amount of such Guarantee Obligation shall be such guaranteeing person’s maximum reasonably anticipated liability in respect thereof as determined by such guaranteeing person in good faith.

  • U.S. Guarantor means a Guarantor whose jurisdiction of organisation is a state of the United States of America or the District of Columbia.

  • U.S. Subsidiary Guarantor means each U.S. Subsidiary which has executed and delivered to the U.S. Administrative Agent the U.S. Subsidiary Guaranty (or a supplement thereto).

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

  • 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;

  • 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.

  • Guarantee and Security Agreement means that certain Guarantee, Pledge and Security Agreement, dated as of the Effective Date, among the Borrower, the Subsidiary Guarantors, the Administrative Agent, each holder (or a representative, agent or trustee therefor) from time to time of any Secured Longer-Term Indebtedness, and the Collateral Agent.

  • Guarantor means: .............................................................................................................................................

  • 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.