Refund Guarantor definition

Refund Guarantor has the meaning given in Article 8, Clause 2.3;

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Refund Guarantor means, in relation to each Vessel, the issuer of the Refund Guarantee in respect thereof;

Refund Guarantor means the Export-Import Bank of Korea;

Examples of Refund Guarantor in a sentence

• Yours faithfully For and on behalf of [the Refund Guarantor] as Refund Guarantor By: Date: [To be printed only on copy of the Notice of Assignment given] To: KfW IPEX-Bank GmbH as Collateral Agent ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇-▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ Attention: Ship ▇▇▇▇▇▇▇, ▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Fax: +▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇ E-mail: ▇▇▇▇▇▇▇.▇▇▇▇▇▇@▇▇▇.▇▇ Date: [—] HULL NO.

• The Refund Guarantee or Guarantees, as the case may be, will become effective upon receipt of the relevant instalment to which the Refund Guarantee relates by the SELLER and must remain in effect until the earlier of: (1) the VESSEL is delivered to and accepted by the BUYER; (2) a refund of the full amount covered by the Refund Guarantee has been made by the SELLER or the Refund Guarantor; and (3) 180 days after the Delivery Date.

• The Borrower is not in default of any of its obligations under the Building Contract or any of its obligations upon the performance or observance of which depend the continued liability of the Refund Guarantor in accordance with the terms of the Refund Guarantee.

• All expenses in issuing and maintaining the Refundment Guarantee or Refundment Guarantees, as the case may be, by the Refund Guarantor shall be borne by the SELLER.

• If the SELLER fails to honour the award, then the Refund Guarantor shall refund to the extent the arbitration award orders.

More Definitions of Refund Guarantor

Refund Guarantor means, in relation to each Refund Guarantee, Bank of Communications, Fuzhou Branch of Fuzhou, The People’s Republic of China and/or any other bank or financial institution acceptable to the Agent in its sole discretion and appointed by the Builders to issue that Refund Guarantee and includes their respective successors in title and “Refund Guarantors” means any or all of them;

Refund Guarantor means The Export-Import Bank of Korea, a company incorporated in the Republic of Korea whose registered office is at ▇▇-▇, ▇▇▇▇▇-▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇-▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇, ▇▇▇▇▇;

Refund Guarantor means THE EXPORT-IMPORT BANK OF KOREA, ▇▇-▇, ▇▇▇▇▇-▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇-▇▇, ▇▇▇▇▇ ▇▇▇-▇▇▇, ▇▇▇▇▇, or any other bank acceptable to the Bank which has issued or will issue the Refund Guarantees and includes its successors in title;

Refund Guarantor means Bank of Communications acting through its branch at ▇▇ ▇▇▇ ▇▇▇▇ Da Jie, Xichang District, Beijing 100032, The People’s Republic of China;

Refund Guarantor means Export-Import Bank of China, Head Office of ▇▇▇▇▇▇▇ International Finance Centre, ▇▇. ▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, People’s Republic of China and includes its successors in title or such other bank as the Bank shall approve in its sole discretion; and

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

Refund Guarantor means [Ÿ] of [Ÿ].