Guarantee Undertaking definition

Guarantee Undertaking means the guarantee undertaking issued by the Guarantor pursuant to which the Guarantor irrevocably and unconditionally, as principal obligor, guarantees to the Secured Parties the punctual performance by the Issuer of the Secured Obligations.
Source 1Source 2Source 3
Guarantee Undertaking means a capped guarantee undertaking of DKK 25,000,000 issued by the Parent as primary guarantor and Gefion Group Ejendomsudvikling K/S as secondary guarantor, guaranteeing any loss of the Bondholders and the Senior Bondholders emanating from the Issuer's inability to procure a Project Facility in order to fully complete the contemplated project on the Store Kongensgade Properties, such guarantee ceasing to apply once a fully committed Project Facility has been procured, but provided that if the Project Facility has not been procured within six (6) months after the Issue Date, the guarantee shall continue to apply, unless the Issuer delivers
Source 1Source 2
Guarantee Undertaking means a guarantee undertaking issued by the Guarantor in an amount equal to Interest on the Bonds for the first eighteen (18) months after the Issue Date, guaranteeing any loss of the Bondholders emanating from the Issuer's inability to fulfil its obligations under the Terms and Conditions. The amount secured under the Guarantee Undertaking shall be reduced by an amount equal to each payment of Interest made by the Issuer during the first eighteen (18) months after the Issue Date.
Source 1

Examples of Guarantee Undertaking in a sentence

  • The Contractor must, if requested in writing by the Commonwealth, provide to the Commonwealth a Deed of Guarantee, Undertaking and Substitution duly executed by the Contractor and the Related Body Corporate of the Contractor nominated in the Commonwealth's request by the time and date set out in the request.

  • For the purposes of this Rate Guarantee Undertaking the following definitions will apply: loss ratiothe percentage which the total claims paid or outstanding (including related fees, costs and expenses) bears to the total premium paid or payable in respect of one period of insurance within the Guarantee period.

  • If the Contractor is a subsidiary of another corporation it must, if requested by the Council, procure from that corporation a Deed of Guarantee, Undertaking and Substitution in a form approved by the Council and which provides for the corporation to guarantee the performance of the Contractor's obligations under this Contract.

  • If the Tenderer is a subsidiary company the Parent Company Guarantee Undertaking must be duly executed by the Tenderer's ultimate holding company.

  • The Subcontractor must, if requested in writing by the Contractor, provide to the Contractor a Deed of Guarantee, Undertaking and Substitution duly executed by the Subcontractor and the Related Body Corporate of the Subcontractor nominated in the Contractor’s request by the time and date set out in the request.

  • The wording of the Guarantee Undertaking as per the First Sales Date for each Bond Loan is appended to the Final Terms.

  • Deed of Guarantee, Undertaking and Substitution: (Clause 4.4) Clause 4.4 [DOES/DOES NOT] apply.

  • For the duration of the Guarantee Undertaking in respect of outstanding Bond Loans, the un- dertaking set forth in section 9.1 a) shall not include a guarantee for any other market loan made on the same terms and conditions as the Guarantee Undertaking.

  • Certain provisions of these Conditions are summaries of the Agency Agreement, the Guarantee Undertaking and the Deed of Covenant and are subject to their detailed provisions.

  • The Guarantee Undertaking is also available on the Company’s website (www.kommuninvest.se).


More Definitions of Guarantee Undertaking

Guarantee Undertaking means an undertaking given by the ultimate holding company of the Service Provider (if it is a subsidiary company) in the form set out in the Instructions to Tenderers;
Source 1
Guarantee Undertaking means a guarantee undertaking pursuant to which the Guarantors irrevocably and unconditionally, jointly and severally, as principal obligors, guarantee to the Bondholders and the Trustee the punctual performance by the Issuer of all the Issuer's obligations under the Finance Documents.
Source 1
Guarantee Undertaking means the Issuer’s guarantee and indemnity undertaking (as for its own debt (Sw. proprieborgen)) in favour of Calibrium Management Company S.A. for the obligations of Nordact AB and Vivskä AB under the Nordact Loan pursuant to the guarantee and indemnity agreement between the Issuer and Calibrium Management Company S.A. dated 29 March 2021.
Source 1

Related to Guarantee Undertaking

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

  • Guarantee Agreement means this Guarantee Agreement, as modified, amended or supplemented from time to time.

  • Guaranty Agreement means the Guaranty Agreement, dated as of the Closing Date, made by the Guarantors in favor of the Administrative Agent for the benefit of the Holders of Secured Obligations, as the same may be amended, restated, supplemented or otherwise modified from time to time.

  • Subsidiary Guarantee Agreement means a Subsidiary Guarantee Agreement substantially in the form of Exhibit B, and all supplements thereto made by the Subsidiary Guarantors in favor of the Administrative Agent for the benefit of the Lenders.

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