Letter of Guarantee definition

Letter of Guarantee or “LG” means a documentary credit issued by the Bank on behalf of the Borrower for the purpose of providing security to a third party that the Borrower or a person designated by the Borrower will perform a contractual obligation owed to such third party;

Letter of Guarantee or "L/G" means a stand-by letter of guarantee or similar instrument in form and substance satisfactory to the Bank.

Letter of Guarantee means a letter of guarantee issued by the L/C Lender on behalf of the Lenders in respect of Facility A or Facility B at the request and for the account of the relevant Borrower to beneficiaries.

Examples of Letter of Guarantee in a sentence

• The Letter of Guarantee shall form an integral part of this Agreement.

• Unless otherwise provided in the Conditions, any sums received by the Debentureholders' Representative in relation to the Debentures under this Agreement, the Letter of Guarantee and/or the Conditions shall be applied in the order of priority set out under Condition 10.6 of the Conditions.

More Definitions of Letter of Guarantee

Letter of Guarantee means the letter of guarantee executed by each GUARANTOR and required to be delivered by the BORROWER to the BANK pursuant to SECTION 3.01 hereof, together with all exhibits and schedules thereto, as the same may be supplemented, modified, amended, restated or replaced from time to time in the manner provided therein.

Letter of Guarantee or "L/G" means, unless specifically limited elsewhere in this Agreement, a stand-by letter of guarantee or similar instrument in form and substance satisfactory to the Bank.

Letter of Guarantee means a letter of guarantee in the form attached hereto as Exhibit A.

Letter of Guarantee means the guarantee provided by the Guarantor in favor of the Bank in support of the Borrower's indebtedness hereunder and under the Note, to be delivered to the Bank pursuant to Section 3.01(b)(iii) as a condition to the making of the Loan.

Letter of Guarantee or “L/G” means a stand-by letter of guarantee or similar instrument in form and substance satisfactory to the Bank.

Letter of Guarantee means the guarantee agreements created when the Guarantor submits in accordance with Clause 21-2 a joint and several guarantee substantially in the form of Schedule 10.

Letter of Guarantee means the Letter of Guarantee provided by the Parents in favor of the Bank in support of the Company’s obligations hereunder, to be delivered to the Bank pursuant to Section 3.1(a)(iii).