Examples of Guarantee Holder in a sentence
The Guarantee Holder may submit a request for payment of a Provisional Payment to MIGA pursuant to Section 6.2 of the General Conditions any time after initiating arbitral or judicial proceedings against the Host Government.
XXXX and the Guarantee Holder, acting through their duly authorized representatives, have caused this Contract to be signed in their respective names.
If the Guarantee Holder is able to provide the Beneficiary with a guarantee that satisfies the obligations under Article 3.2.1 of Appendix 9 (Negative Stock Account and Offsetting Terms and Conditions) to the Contract, the Guarantor’s obligations shall expire without any further procedure on the date that the substitute guarantee comes into effect.
The Guarantee Holder shall submit to MIGA promptly all material evidence available to it from time to time as may be necessary to support such Claim for Expropriation, including evidence concerning the cause of the failure to pay the Scheduled Payment when due in accordance with the Loan Agreement and evidence concerning the actions or inactions of the Host Government constituting the Expropriation.
Should the Guarantee Holder fail to comply with the obligations set out above, the Guarantor shall pay to the Beneficiary all sums that have become due, including by advance payment.