Lender Guarantees definition
Examples of Lender Guarantees in a sentence
All agreements, representations and warranties made herein shall survive the execution and delivery of this Agreement, the making of the Loans, issuances of Lender Guarantees and the execution and delivery of the Notes.
At Borrower's request, ▇▇▇▇▇▇ will provide Lender Guarantees up to an aggregate amount of $1,000,000 outstanding at any time.
Borrower covenants and agrees that so long as the Revolving Loan Commitment is in effect and until payment in full of all Obligations (excluding contingent Obligations not then due and payable) and termination of all Lender Guarantees, unless ▇▇▇▇▇▇ shall otherwise give its prior written consent, Borrower shall comply with, shall cause each of its Subsidiaries to comply with and shall use its best efforts to cause Holdings to comply with, all covenants in this Section 3 applicable to such Person.
Lender Guarantees will only be provided for letters of credit which expire within one (1) year after date of issuance and at least thirty (30) days prior to the date set forth in clause (c) of the definition of the term "EXPIRY DATE." Borrower shall give ▇▇▇▇▇▇ five (5) Business Days prior written notice for a letter of credit.
The ECA Lender Guarantors shall by such subrogation have the same rights as relevant thereunder as if the Finance Documents were executed directly in favour of the ECA Lender Guarantors as security for the ECA Lender Guarantors’ rights against the Borrower, after having honoured claims under the ECA Lender Guarantees.
The obligations of ▇▇▇▇▇▇ to make the initial Loans and to issue any Lender Guarantees on the Closing Date are, in addition to the conditions precedent specified in subsection 7.2, subject to the delivery of all documents listed on Schedule 7.1, all in form and substance satisfactory to ▇▇▇▇▇▇.
The obligations of ▇▇▇▇▇▇ to make Loans and to issue Lender Guarantees are subject to satisfaction of all of the applicable conditions set forth below.
The obligations of ▇▇▇▇▇▇ to make Loans or the obligation of ▇▇▇▇▇▇ to issue Lender Guarantees on any date ("FUNDING DATE") are subject to the further conditions precedent set forth below.
In determining the amount of outstanding Lender Guarantees, the maximum amount of any ▇▇▇▇▇▇ guarantee to a bank issuing letters of credit on behalf of Borrower will be considered outstanding unless such bank reports daily activity to ▇▇▇▇▇▇ showing actual outstanding letters of credit subject to ▇▇▇▇▇▇'▇ guarantee.
Borrower covenants and agrees that so long as the Revolving Loan Commitment remains in effect and until payment in full of all Obligations (excluding contingent Obligations not then due and payable) and termination of all Lender Guarantees, unless ▇▇▇▇▇▇ shall otherwise give its prior written consent, Borrower shall comply with, shall cause each of its Subsidiaries to comply with and shall use its best efforts to cause Holdings to comply with, all covenants in this Section 4 applicable to such Person.