Refund Guarantee definition

Refund Guarantee means a, or if more than one, each refund guarantee arranged by the Yard in respect of a Pre-delivery Installment and provided by one or more financial institutions contemplated by the Construction Contract, or by other financial institutions reasonably satisfactory to the Lead Arrangers, as credit support for the Yard’s obligations thereunder.

Refund Guarantee means each of the Vessel A Refund Guarantee and the Vessel B Refund Guarantee and in the plural means both of them;

Refund Guarantee means the refund guarantee issued by the Refund Guarantor in favour of the Owner.

Examples of Refund Guarantee in a sentence

• On or prior to each Borrowing Date, all necessary governmental (domestic and foreign) and material third party approvals and/or consents in connection with the Construction Contract, any Refund Guarantee (to the extent issued on or prior to such Borrowing Date), the Vessel and the other transactions contemplated hereby (except to the extent specifically addressed in other sections of Section 5 or this Section 6) shall have been obtained and remain in effect.

• It is agreed that no payment shall be effected until the original Refund Guarantee is delivered to the BUYER.

• The Refund Guarantee may be issued by means of an authenticated swift message to the Buyer’s nominated bank in which case payment shall be made within five (5) banking days of receipt of such swift message by the Buyer’s bank.

• If the terms of a Refund Guarantee specify an expiry date, such expiry date shall be at least 30 days after the date when the Vessel is expected to be delivered to, and accepted by, the Buyer.

• As at the Latest Practicable Date, Mr. Cheok Ho Fung, an executive Director and chief executive officer of the Company, and also a substantial shareholder of the Company within the meaning of Part XV of the SFO, together with parties acting in concert with him, were beneficially interested in 510,250,000 Shares, representing approximately 51.03% of the total issued share capital of the Company.

More Definitions of Refund Guarantee

Refund Guarantee means each of the Vessel A Refund Guarantee, the Vessel B Refund Guarantee, the Vessel C Refund Guarantee, the Vessel D Refund Guarantee, the Vessel E Refund Guarantee and the Vessel F Refund Guarantee and in the plural means all of them;

Refund Guarantee means the letter of guarantee issued by the Refund Guarantor in favour of the Borrower in respect of the Builder’s obligations under the Shipbuilding Contract;

Refund Guarantee means, in relation to each Ship, each refund guarantee issued by the Refund Guarantor in favour of the relevant Borrower pursuant to the Shipbuilding Agreement in respect of such Ship;

Refund Guarantee means the refund guarantee dated [Ÿ] issued by the Refund Guarantor relating to the Vessel.

Refund Guarantee means the refund guarantee numbered 102216DG21000025, dated 21 July 2021 and issued by the Refund Guarantor in favour of the Sellers in relation to the Building Contract, the rights and interests pursuant to which will be or has been assigned in favour of the Buyers in accordance with the Pre-Delivery Assignment.

Refund Guarantee means the guarantee issued or to be issued by any refund guarantor in favor of any Debtor pursuant to any Construction Contract in the form set out in the Construction Contract (or in such other form as the relevant Debtor and the Agent shall agree).

Refund Guarantee means any and each irrevocable and unconditional guarantee issued or to be issued by a Refund Guarantor in favour of the Borrower under the Shipbuilding Contract or in any other form acceptable to all the Lenders and the Export Credit Agency.