Examples of Replacement Guarantor in a sentence
Upon the occurrence of any of the events set forth in Sections 8.1(a)(vi), (vii), (xiv) or (xvii) hereof, Pledgor may cause the applicable Guarantor to be substituted or replaced by a Replacement Guarantor prior to the time that the occurrence of any of the foregoing events becomes an Event of Default or if the occurrence of any of the foregoing events is an immediate Event of Default, within ten (10) days following such occurrence.
The Issuer shall promptly upon such release of the Singapore Guarantor give notice of such release and details of the Replacement Guarantor to the Noteholders in accordance with Condition 12.
Upon the occurrence of any of the events set forth in Sections 8.1(a)(vi), (vii), (xiv) or (xvii) hereof, Borrower may cause the applicable Guarantor to be substituted or replaced by a Replacement Guarantor prior to the time that the occurrence of any of the foregoing events becomes an Event of Default or if the occurrence of any of the foregoing events is an immediate Event of Default, within ten (10) days following such occurrence.
In developing countries (Africa included) 80% of the population stays in the rural areas which means that factors like lack of resources and cultural practices, limit access to stroke services (Poungvarin, 1998).
Any Replacement Guarantor that becomes a Guarantor hereunder in accordance with Section 6.3 or Section 6.4 of the Loan Agreement must maintain a Net Worth of no less than $300,000,000 and Unencumbered Liquid Assets of no less than $5,000,000, each calculated in accordance with Section 26(d) hereof.