Guarantor's Account definition

Guarantor's Account means the interest bearing Dollar account of the Charter Guarantor opened or (as the context may require) to be opened with the Agent (as defined in paragraph 12 below) with account number 24.07.56.150 and includes any sub-accounts thereof and any other account designated in writing by the Agent to be the Guarantor's Account for the purposes of this Guarantee;
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Guarantor's Account means the sterling denominated account of the Guarantor at a bank situated outside the United Kingdom as may be notified by the Guarantor to the Purchaser from time to time;
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Examples of Guarantor's Account in a sentence

  • Prudential is entitled to charge its normal fees including, but not limited to, commissions in connection with any transaction done in or with regard to the Guaranteed Account or the Guarantor's Account.

  • If any cash or securities in Guarantor's Account, other than shares of Point.360 Stock, are used by Prudential to satisfy Client's indebtedness to Prudential, Client shall reimburse Guarantor for his loss.

  • Such apportionment shall be made on the Completion Date and the Purchaser shall within seven days of the Completion Date reimburse to the Sellers by electronic funds transfer to the Vendor's Account or the Guarantor's Account (as the case may be) an amount equal to the amount of such pre-payment apportioned to the Sellers.

  • Prudential shall not sell securities held in either the Guaranteed Account or the Guarantor's Account so long as, or if sales by Prudential have commenced, Prudential shall cease selling securities from either account as soon as, the price of Point.360 Stock is greater than or equal to $0.60 per share and the price of Syncor Stock is greater than or equal to $26.50 per share.

  • Any sales of securities by Prudential from either the Guaranteed Account or the Guarantor's Account must be made in the following order: first, all securities held in the Guaranteed Account must be sold; second, all Point.360 Stock held in Guarantor's Account must be sold; and last, Syncor Stock held in Guarantor's Account may be sold.

  • Any controversy involving Prudential arising out of or relating to the Guaranteed Account or the Guarantor's Account or to this Agreement or the breach of this Agreement shall be settled by arbitration before either the New York Stock Exchange, Inc.

  • Guarantor will open a new account with Prudential ("Guarantor's Account"), and will deposit into such account 30,000 shares of the Common Stock of Syncor International Corporation ("Syncor").

  • If and for so long as either the price of Point.360 Stock is less than $0.70 per share or the price of Syncor Stock is less than $26.50 per share, Guarantor shall not withdraw or transfer any cash or securities from Guarantor's Account.

  • Before Prudential may sell securities from either the Guaranteed Account or the Guarantor's Account, Prudential shall first provide Guarantor with at least 24 hours notice, by telephone (or voicemail) to (818) 535-5065 or by facsimile to (323) 957-2297, of its intent ▇▇ ▇▇▇▇ ▇▇▇▇▇ities unless Guarantor deposits additional cash or securities in Guarantor's Account as provided in Section 5.

  • SCHEDULE III All Depository, Operating, and Investment Accounts Maintained by the Borrower and the Subsidiary Guarantors Account # Account Description US Bank: # 520005649 McLeodUSA Inc.-CDA # 121372734 McLeodUSA Inc.