KMGT definition

KMGT or the “Seller” means Kappafrik Management DMCC, a limited liability company registered in the UAE under registration number JLT4600;
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Examples of KMGT in a sentence

  • Notwithstanding anything contained in Clauses 6.1 and 6.2, KMGT may, in its absolute discretion and in writing, waive or postpone the time for fulfilment of any condition precedent with respect to a Guarantee Cover.

  • The Primary Mortgage Lender acknowledges that each Guarantee Cover by KMGT will be made on full and absolute reliance on the covenants and undertakings set out in Clauses 9.1 and 9.2.

  • KMGT shall not be liable for any amounts exceeding the Guaranteed Amount, nor shall KMGT be responsible for any additional interest, penalties, fees, or costs beyond the Guaranteed Amount.

  • An individual Mortgage Loan may be terminated by KMGT if a Moral Hazard Event occurs in relation to that Mortgage Loan, and KMGT gives notice to the Primary Mortgage Lender of its intention to terminate the guarantee in respect of that Mortgage Loan.

  • The Primary Mortgage Lender acknowledges that any guarantee cover by KMGT under a Guarantee Cover Agreement shall be made on full and absolute reliance on the representations and warranties set out in Clauses 11.1.1 and 11.1.2.

  • This Agreement shall be binding upon and inure to the benefit of and be enforceable by the respective successors, permitted assigns and transferees of the Parties, provided that the Primary Mortgage Lender may not assign or transfer any of its rights or obligations thereunder to any person or body without the prior written consent of KMGT which may not be unreasonably withheld.

  • The guarantee in respect of an individual Mortgage Loan may be terminated by KMGT if the Primary Mortgage Lender breaches any representation, warranty, obligation or covenant relating to that specific Mortgage Loan and such breach is not remedied within twenty one (21) days of notice from KMGT.

  • An individual Guarantee Cover may be terminated by KMGT if a Force Majeure Event occurs affecting that Guarantee Cover and such Force Majeure Event continues for a period exceeding ninety (90) days, making it impossible or impractical for either party to fulfill its obligations under the Guarantee Cover.

  • Any claims submitted outside this Validity Period shall be deemed invalid and will not be honored by KMGT.

  • If any part of the claim is found to have been made in contravention of this Agreement, KMGT shall be entitled to demand reimbursement of the relevant amounts by the Primary Mortgage Lender.