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.

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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.

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 Junior 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

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.

• 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.

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

• The Contractor must provide to the Commonwealth a Deed of Guarantee, Undertaking and Substitution duly executed by the Contractor and the Related Body Corporate of the Contractor specified in the Contract Particulars as a condition precedent to Delivery Phase Approval.

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

• This new Clause allows the provision for a Deed of Guarantee, Undertaking and Substitution to be provided by a corporation and the party where a party is related to or is a subsidiary of that corporation.

• The Principal has, within the nominated time limits, requested the Contractor in writing, to lodge a completed Deed of Guarantee, Undertaking and Substitution (executed by the Contractor and the Guarantor) in the form of this deed (as set out in the Tender Documents).

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

• The Contractor must provide to the Commonwealth a Deed of Guarantee, Undertaking and Substitution duly executed by the Contractor and the Related Body Corporate of the Contractor specified in the Contract Particulars within 14 days of the Award Date.

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;

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.

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.