Examples of QUIPS Guarantee in a sentence
Penalty for neglect or refusal to produce weights, etc, for inspection26.
The Sponsor will provide a copy of the Declaration, the Indenture, the QUIPS Guarantee or the Common Trust Securities Guarantee (as may be appropriate) and the Indenture (including any supplemental indenture) to a Holder without charge on written request to the Sponsor at its principal place of business.
The Guarantor shall provide to the QUIPS Guarantee Agreement Trustee such evidence of compliance with conditions precedent, if any, provided for in this QUIPS Guarantee Agreement that relate to any of the matters set forth in Section 314(c) of the Trust Indenture Act.
The obligation to indemnify as set forth in this Section 9.02 shall survive the termination of this QUIPS Guarantee Agreement.
This QUIPS Guarantee Agreement creates a guarantee of payment and not a guarantee of collection.
This QUIPS Guarantee Agreement shall terminate and be of no further force and effect upon (i) full payment of the Final Redemption Price of all Capital Securities, (ii) upon liquidation of the Issuer and the distribution of the Debentures to Holders of Capital Securities or (iii) at such other time when there are no longer any Capital Securities outstanding.
The Guarantor acknowledges that its obligations hereunder are independent of the obligations of the Issuer with respect to the Capital Securities and that the Guarantor shall be liable as principal and as debtor hereunder to make Guarantee Payments pursuant to the terms of this QUIPS Guarantee Agreement notwithstanding the occurrence of any event referred to in subsections (a) through (g), inclusive, of Section 5.03 hereof.
The right, title and interest of the QUIPS Guarantee Agreement Trustee shall automatically vest in any Successor QUIPS Guarantee Agreement Trustee, upon acceptance by such Successor QUIPS Guarantee Agreement Trustee of its appointment hereunder, and such vesting and cessation of title shall be effective whether or not conveyancing documents have been executed and delivered pursuant to the appointment of such Successor QUIPS Guarantee Agreement Trustee.
The Guarantor hereby waives notice of acceptance of the QUIPS Guarantee Agreement and of any liability to which it applies or may apply, presentment, demand for payment, any right to require a proceeding first against the QUIPS Guarantee Agreement Trustee, the Issuer or any other Person before proceeding against the Guarantor, protest, notice of nonpayment, notice of dishonor, notice of redemption and all other notices and demands.
The QUIPS Guarantee Agreement Trustee makes no representation as to the validity or sufficiency of this QUIPS Guarantee Agreement.