Guarantor Guarantee definition
Guarantor Guarantee means the guarantee set forth in Section 3.
Guarantor Guarantee means the guarantee set forth in Section 4 (Guarantee to Ex-Im Bank by Guarantor).
Guarantor Guarantee have the meanings set out in Section 8.1(a)(i).
Examples of Guarantor Guarantee in a sentence
Exercise any rights of subrogation which it may acquire due to its payment of the Borrower’s obligations pursuant to the Guarantor Guarantee unless and until all sums payable under the Agreement and each other Finance Document has been irrevocably paid in full, and if any payment shall be made to the Guarantor on account of such rights of subrogation, it shall promptly pay such amount to EXIM Bank.
The Guarantor Guarantee shall be automatically reinstated if and to the extent that for any reason any payment by or on behalf of the Borrower in respect of obligations hereby guaranteed is recovered from or repaid by EXIM Bank or any other party as a result of any proceeding in bankruptcy, insolvency, reorganization or otherwise.