Examples of Material Guarantor in a sentence
Material Guarantor defaults become an event of default if not cured within 30 days of written notice.
Any material license, consent, authorisation, registration or approval at any time necessary to enable the Borrower, any Material Guarantor or any Principal Subsidiary to conduct its business in a given jurisdiction shall be revoked, withdrawn or otherwise cease to be in full force and effect unless the same would not have a Material Adverse Effect.
When any Event of Default described in Section 8.1(f) or (g) has occurred and is continuing with respect to the Parent, the Borrower or a Material Guarantor, then all outstanding Loans shall immediately become due and payable together with all other accrued amounts payable under the Credit Documents without presentment, demand, protest or notice of any kind, each of which is expressly waived by the Borrower.
Subject to the provisions of Section 1.5, either Borrower or any Material Guarantor shall default in the due performance or observance of any of its obligations under (i) Section 7.1.1 or Section 7.1.7, and such default shall continue for a period of 30 days or (ii) Section 7.2 and such default shall continue for a period of five Business Days.
The Nomination and Remuneration Committee is authorized to make proposal to the Board of Directors, offering individual key employees of the Company stock incentives in the Company, in addition to the set terms in the individual employment contracts.When evaluating, whether key employees shall be offered stock incentives, the status and responsibilities, working performance and future prospects of each individual shall be taken into consideration.