JHUSA definition
Examples of JHUSA in a sentence
Without limiting any other provision of this Subordinated Guarantee, in no event shall any Payee have any obligation to proceed against JHUSA or any other person or property before seeking satisfaction from the Guarantor.
Any Payee may enforce the Subordinated Guarantee directly against the Guarantor, subject to no preconditions other than failure by JHUSA to pay when due any guaranteed amount.
JHLICO and JHVLICO desire to further amend and restate the Participation Agreements and to include JHUSA and JHNY and as set forth herein.
Without limiting any other provision of this Subordinated Guarantee, if the time for payment of any amount payable by JHUSA under a Contract is stayed upon the insolvency, bankruptcy or reorganization of JHUSA, all such amounts otherwise subject to payment under the terms of this Subordinated Guarantee shall nonetheless be payable by the Guarantor hereunder forthwith on demand by the Payee.
If at any time any payment by JHUSA of any amounts payable by JHUSA from any Guarantee Period is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy or reorganization of JHUSA or otherwise, the Guarantor's obligations hereunder with respect to such payment shall be reinstated as though such payment had been due but not made at such time.
This Subordinated Guarantee is a continuing guarantee and the Guarantor's obligations hereunder shall (i) remain in full force and effect until the indefeasible payment in full of all amounts payable by JHUSA from all Guarantee Periods and (ii) be binding upon the Guarantor and its successors and assigns.
The Guarantor may terminate this Subordinated Guarantee as it would apply to any Guarantee Period commencing after the effective termination date (the "Termination Date") by giving written notice to JHUSA and the holders of outstanding Contracts at least 14 days prior to the effective Termination Date specified in such notice.
The books, accounts and records of JHD and JHUSA as to all transactions described in this Agreement shall be maintained so as to disclose clearly and accurately the nature and details of the transactions and to ensure compliance with applicable regulatory and reporting requirements.
In the event the primary service fee adjustment results in a reduction of the service fees already paid, JHUSA or JHD, as the case may be, shall pay to the other party the amount of such adjustment within thirty (30) days of receipt of a notice of primary service fee adjustment.
JHD shall have no right to incur any indebtedness on behalf of JHUSA pursuant to this Agreement.