Long-Term Guarantee definition

Long-Term Guarantee means (i) any Guarantee issued by Borrower or its Subsidiaries under which the holder or beneficiary of such Guarantee is not permitted under any circumstance or contingency to make demand or exercise any other remedies under such Guarantee prior to the Termination Date, as extended from time to time in accordance with the terms hereof and (ii) any coal mining reclamation bonds or contingent indemnity or reimbursement obligations with respect to such reclamation bonds (so long as such reclamation bonds have not been called upon).
Long-Term Guarantee means (i) any Guarantee issued by Borrower or its Subsidiaries under which the holder or beneficiary of such Guarantee is not permitted under any circumstance or contingency to make demand or exercise any other remedies under such Guarantee prior to the Termination Date, as extended from time to time in accordance with the terms hereof and (ii) any

Examples of Long-Term Guarantee in a sentence

  • The impact of interest rate on bank’s profits operates via two main channels of the revenues side.

  • Participating (re)-insurance undertakings are requested to complete the Long Term Guarantees Assessment (LTGA) based on EIOPA’s “Revised Technical Specifications for the Solvency II valuation and Solvency Capital Requirements calculations (Part I)” of 25 January 2013 (please note the published errata if you are using an earlier version) and EIOPA’s “Technical Specifications on the Long-Term Guarantee Assessment (Part II)” of 25 January 2013.

  • As explained above, the interest increase is beneficial to Lifetri as it reducesthe impact of the Long-Term Guarantee measures significantly but has an adverse impact to the shareholder’s funds in Solvency II and under Dutch generally accepted accounting principles.

  • The next question asked whether things they wanted to do at work did not get done because of the demands of their family or spouse/partner, and 88.7% disagreed while 3.0% agreed, (N= 98, M = 1.43, SD = .81).

  • The IVASS Letter to the market dated 9 March 2017 relating to a cognitive survey Solvency II - Impact of the Long-Term Guarantee measures and the measures on the share risk.

  • Companies will need to run their business with an increased focus on risk management, governance and enhanced disclosure.On 13 November 2013 the Trilogue (the European Parliament, the Commission and the Council) reached agreement on the Long-Term Guarantee (‘LTG’) package, defining the way long-term products will be valued under Solvency II.

  • Jackrabbit shall without the agreement of the Client be entitled to make operational changes to the Services that have no material adverse effect on the Services.

  • In 2013, it prepared EIOPA’s impact analysis on contractual commitments with long-term guarantees (Long-Term Guarantee Assessment), aimed at assessing the impact of new technical measures under Solvency II in the measurement of provisions.

  • Vujanović je izjavio: „Po ocjeni crnogorske Vlade, dvije trećine Crnogoraca bi sada na referendumu glasalo za odvajanje od Srbije“ (Pobjeda, 20.

  • Figure 2: FY 2020 Loans and Long-Term Guarantee Authorizations ($ Millions)Additionality Codes (aligned to Charter purposes): 1.

Related to Long-Term Guarantee

  • Long-term lease means a lease term of at least 27.5 years for a residential resource or at least 31.5 years for a nonresidential resource.

  • Long-term contract means a contract with a duration period exceeding one year;

  • Financial guarantee means a performance bond, maintenance bond, surety bond, irrevocable letter of credit, or similar guarantees submitted to the [administering authority] by the responsible party to assure that requirements of the ordinance are carried out in compliance with the storm water management plan.

  • Long-term care means the system through which the Department provides a broad range of social and health services to eligible adults who are aged, blind, or have disabilities for extended periods of time. This includes nursing homes and state hospitals (Eastern Oregon and Oregon State Hospitals).

  • Guarantee used as a verb has a corresponding meaning.

  • Parent Guarantee means the guarantee of payment of the Securities by the Parent Guarantor pursuant to the terms of this Indenture.

  • Long-term debt security means any debt instrument issued by a qualified community

  • Permitted SBIC Guarantee means a guarantee by the Borrower of Indebtedness of an SBIC Subsidiary on the SBA’s then applicable form, provided that the recourse to the Borrower thereunder is expressly limited only to periods after the occurrence of an event or condition that is an impermissible change in the control of such SBIC Subsidiary (it being understood that, as provided in clause (s) of Article VII, it shall be an Event of Default hereunder if any such event or condition giving rise to such recourse occurs).

  • Subsidiary Guaranty Agreement means each unconditional guaranty agreement executed by the Subsidiary Guarantors in favor of the Administrative Agent for the ratable benefit of the Secured Parties, substantially in the form of Exhibit H, as amended, restated, supplemented or otherwise modified from time to time.

  • Qualifying Affiliate Guarantee means a Qualifying Guarantee provided by a Reference Entity in respect of an Underlying Obligation of a Downstream Affiliate of that Reference Entity.

  • Consumer Guarantee has the meaning given in Division 1 of Part 3-2 of the Australian Consumer Law.

  • Parent Company Guarantee means a guarantee issued in favour of the Operator in substantially the form set out in Schedule 6 (Form of Parent Company Guarantee).

  • Subsidiary Guarantee means any guarantee of the obligations of the Issuers under this Indenture and the Notes by any Subsidiary Guarantor in accordance with the provisions of this Indenture.

  • Long-Term Debt means debt repayable over a period exceeding one year;

  • Guaranty means, with respect to any Person, any obligation (except the endorsement in the ordinary course of business of negotiable instruments for deposit or collection) of such Person guaranteeing or in effect guaranteeing any indebtedness, dividend or other obligation of any other Person in any manner, whether directly or indirectly, including (without limitation) obligations incurred through an agreement, contingent or otherwise, by such Person:

  • Bid guarantee means the bid bond, cashier's check or certified check submitted as part of the bid proposal, payable to the contracting unit, ensuring that the successful bidder will enter into a contract.

  • Holdings Guaranty means the Holdings Guaranty made by Holdings in favor of the Administrative Agent on behalf of the Secured Parties, substantially in the form of Exhibit F-1.

  • Guaranty Agreement means an agreement executed by the Guarantors in substantially the form of Exhibit F unconditionally guarantying, on a joint and several basis, payment of the Indebtedness, as the same may be amended, modified or supplemented from time to time.

  • Eligible Guarantee means an unconditional and irrevocable guarantee that is provided by a guarantor as principal debtor rather than surety and is directly enforceable by Party B, where either (A) a law firm has given a legal opinion confirming that none of the guarantor’s payments to Party B under such guarantee will be subject to withholding for Tax or (B) such guarantee provides that, in the event that any of such guarantor’s payments to Party B are subject to withholding for Tax, such guarantor is required to pay such additional amount as is necessary to ensure that the net amount actually received by Party B (free and clear of any withholding tax) will equal the full amount Party B would have received had no such withholding been required.

  • Long-term inpatient care means inpatient services for

  • long-term insurance business means the business of providing or undertaking to provide policy benefits under long-term policies, but does not include -

  • Long-Term Indebtedness means any Indebtedness that, in accordance with GAAP, constitutes (or, when incurred, constituted) a long-term liability.