Refund Guarantor definition

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 00-0, Xxxxx-Xxxx, Xxxxxxxxxxx-Xx, Xxxxx 000 000, Xxxxx;

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

Examples of Refund Guarantor in a sentence

• Yours faithfully For and on behalf of [the Refund Guarantor] as Refund Guarantor By: Date: Part 3 FORM OF ACKNOWLEDGMENT OF ASSIGNMENT FROM THE BROKER [To be printed only on copy of the Notice of Assignment given] To: KfW IPEX-Bank GmbH as Collateral Agent Xxxxxxxxxxxxxxxxxxx 0-0 00000 Xxxxxxxxx xx Xxxx Xxxxxxx Attention: Ship Xxxxxxx, X0x0, Xxxxxxx Xxxxxx Fax: +00 00 0000 0000 E-mail: xxxxxxx.xxxxxx@xxx.xx 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.

• The Refund Guarantor shall cooperate fully with the Security Trustee and perform all additional acts reasonably requested by the Security Trustee to give effect to the purposes of this Agreement.

More Definitions of Refund Guarantor

Refund Guarantor means the Export-Import Bank of Korea;

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

Refund Guarantor means Bank of Communications acting through its branch at 00 Xxx Xxxx Da Jie, Xichang District, Beijing 100032, The People’s Republic of China;

Refund Guarantor means The Korea Development Bank, acting through its office at 14, Xxxxxxxx-Xx, Xxxxxxxxxxxx-xx, Xxxxx, Xxx Xxxxxxxx xx Korea or any other bank or financial institution (as shall be approved by the Owners) that has issued or will issue the Refund Guarantee.

Refund Guarantor means [Ÿ] of [Ÿ].

Refund Guarantor means The Export-Import Bank of Korea, of 00-0, Xxxxx-Xxxx, Xxxxxxxxxxxx-Xx, Xxxxx 000-000, Xxxxx or such other entity as the Agent (acting on the instructions of the Majority Banks in their absolute discretion) may approve in writing, and it includes its successors in title;

Refund Guarantor means a bank, insurance company or other financial institution acceptable to all the Lenders and the Export Credit Agency which, at the time of issue by it of a Refund Guarantee, has a minimum credit rating of at least BBB- at Standard & Poor's (or, where the relevant Refund Guarantor is not rated by Standard & Poor's, the equivalent rating at Moody's or where the relevant Refund Guarantor is not rated by Standard & Poor's or Moody's, the equivalent rating at Fitch).