Guarantee Commitment definition
Guarantee Commitment means the Commitment to Guarantee Obligations, Contract No. MA-13509, dated as of the Closing Date, executed by the Secretary and accepted by the Shipowner with respect to the Guarantees, as originally executed or as modified, amended or supplemented in accordance with the applicable provisions thereof.
Guarantee Commitment means, in respect of a Guarantor, the amount set alongside its name in Annex 1 of the Framework Agreement.
Guarantee Commitment means the Commitment to Guarantee Obligations, Cont▇▇▇▇ ▇▇. ▇▇-▇▇▇▇▇, ▇▇ted October 16, 2000 executed by the Secretary and accepted by the Shipowner relating to the Guarantees, as originally executed or as modified, amended or supplemented.
Examples of Guarantee Commitment in a sentence
This Guarantee Commitment may be executed in any number of counterparts, each of which shall be an original, but such counterparts shall together constitute but one and the same instrument.
A copy of the fully executed Guarantee Commitment, which shall be in full force and effect until completion of the Closing.
This Guarantee Commitment may not be assigned by the Shipowner without the prior written approval of the Secretary and any attempt to do so shall be null and void ab initio.
Ex-Im Bank shall have received the relevant Guarantee Commitment Fee payment.
Except as expressly amended by this Amendment, the Guarantee Commitment shall remain in full force and effect.
More Definitions of Guarantee Commitment
Guarantee Commitment means the Commitment to Guarantee Obligations, Contract No. MA-13895, dated as of the Closing Date, executed by the Secretary and accepted by the Shipowner relating to the Guarantees, as originally executed or as modified, amended or supplemented.
Guarantee Commitment means, in relation to a Guarantor Bank and subject as provided in this Agreement, the amount set opposite its name in Part A of Schedule 1;
Guarantee Commitment means in relation to a Lender the sub-limit of that part of its commitment set out next to its name in Schedule 1 and identified as the Guarantee Commitment. This may be reduced in accordance with this Agreement. In addition, the amount of a Lender's "Guarantee Commitment" may be adjusted by novation in accordance with Clause 28.
Guarantee Commitment means in relation to a Lender under a Facility Agreement, an amount determined as follows:
Guarantee Commitment means, in relation to each Bank, the amount of the Guarantee Facility which that Bank agrees to reimburse to the Agent as its several liability as indicated against the name of that Bank in Schedule 1, as reduced from time to time in accordance with Clause 2.13, Clause 2.14 and/or Clause 2.15 (as the case may be).
Guarantee Commitment means the obligation of the Lender to make or cause to be issued Lease Guaranties and/or Letters of Credit not to exceed $6,000,000 in the aggregate (calculated in accordance with Section 2.8).
Guarantee Commitment means the guarantee commitment entered into by the Guarantor, which shall enter into force on the Release Date.