Owner Guarantee definition

Owner Guarantee means the guarantee & indemnity issued by the Owner Guarantor in favour of the Charterers with respect to the Owners’ obligations under or in connection with this Charter;

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Owner Guarantee means a Guarantee to:

Owner Guarantee means the Deed of Guarantee issued by Owner Guarantor to Charterer guaranteeing the obligations of Owner under this Charter, a true and correct copy of the form of which is attached hereto as Exhibit A.

Examples of Owner Guarantee in a sentence

• On or prior to the Effective Date, Owner shall deliver the Owner Guarantee to Charterer.

• The Indemnifier unconditionally and irrevocably indemnifies the Relevant Group Member against any Loss that may be incurred or sustained by it in relation to the Owner Guarantees or as a direct or indirect consequence of any claim made or purported to be made under the Owner Guarantees, or anything done by any person who is, or claims to be, entitled to the benefit of the Owner Guarantee, in proportion to the Participating Share of the Relevant Owner.

• As an essential inducement and consideration for entering into this Charter, Charterer is relying on the legal, valid, binding and enforceable nature of the Owner Guarantee given by the Owner Guarantor.

• For the avoidance of doubt, such subordination shall contain not only a subordination of sums recovered under enforcement of such security but also a full subordination of Charterer’s rights, both to claim for payment of, and take action to recover sums due against the Owner (but not against the Owner Guarantor under the Owner Guarantee, which right shall be unfettered) and to enforce security, until completion of enforcement of prior-ranking security.

• No event of insolvency has occurred with respect to Golar Energy that would prevent Golar Energy from performing its duties under the Indonesian Owner Guarantee, dated April 12, 2012 between Golar Energy and the Charterer (the “Indonesian Owner Guarantee”).

More Definitions of Owner Guarantee

Owner Guarantee has the meaning given in the Joint Venture Agreement.

Owner Guarantee means the guarantee granted on or around the date of this Agreement by the Owner in favour of the Lender in respect of all amounts owing by the Borrower under this Agreement.

Owner Guarantee means an irrevocable and unconditional guarantee of the obligations of the Maker, as borrower, executed or to be executed by Champion in favour of the Holder and bearing the same date as this Note.

Owner Guarantee means an irrevocable and unconditional guarantee of the obligations of the Maker, as borrower, executed or to be executed by Partner in favor of the Holder”

Owner Guarantee means the guarantee referred to in Recital F hereof and issued in favour of the Charterer by EXMAR LUX S.A. guaranteeing 50% of the obligations of the Company under the Charter up to a maximum of USD 25 million;

Owner Guarantee means the guarantee issued by the Owner Guarantor in favour of the Charterer dated 8 June 2017.

Owner Guarantee means the guarantee granted on or around the date of this Agreement by the Owner in favour of the Lender in respect of all amounts owing by the Borrower under this Agreement. Parent means SHR Prague Praha, LLC., a corporation organized and existing under the laws of the State of Delaware, U.S.A., registered offices at ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, U.S.A., 100% shareholder of the Borrower.