Specific Guarantee definition

Specific Guarantee. The guarantee established in favor of the Bank, as detailed in Exhibit IV to the Loan Agreement, consisting of the estate in trust constituted by virtue of the Guarantee Trust Agreement.
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Specific Guarantee shall have the meaning set forth in Section 2.5.
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Specific Guarantee. It is given for single debt or obligation and comes to an end when the debt guaranteed has been paid or obligation guaranteed has been discharged. Thus, where A gives a loan to B for which C stands guarantee, it is a case of a specific guarantee. In this case, there is a specific debt and the guarantee shall come to an end the moment the loan is repaid. Continuing Guarantee : A continuing guarantee is one where the guarantee given is not for a single or specific debt or obligation, but for a series of debts. Revocation/termination of continuing guarantee INVALID GUARANTEE A guarantee becomes invalid in the following circumstances: a)Guarantee obtained by Misrepresentation
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Examples of Specific Guarantee in a sentence

  • The SI hereby (i) guarantees all apparatus, devices, workmanship and materials furnished and installed under Division 16 and the Technical Specifications (collectively, the "Electrical Equipment") for the period and amount specified in Section 17.3 (Specific Guarantee Periods and Amounts), and (ii) guarantees that all such Electrical Equipment and any part or parts which fail to perform the respective duties for which they are intended shall be repaired or replaced, all at the SI's sole cost.

  • In addition to the General Warranty and as a component of the Hardware Warranties, the SI shall provide the specific guarantees set out in this Section 17 (Specific Guarantees) (the "Specific Guarantees") for (i) the Electrical Equipment, and (ii) the Communications and FCALAN System (collectively, the "Specific Guarantee Equipment"), all as specified below.

  • The compliance with the obligations that results from this Loan Agreement is guaranteed by the Specific Guarantee.

  • Restricts non-disclosure and non-disparagement unless a mutual language in employment agreements separation agreements and settlement agreements.

  • The SI also agrees to repair or replace, during the Guarantee Period of each Specific Guarantee, at no additional expense to the MTA Group, any and all parts of the Transit System which may be damaged due to defects in, or failure of, such parts or of any other part or parts of the NFPS Hardware furnished and installed under this Contract.

  • Member Communication Materials *Implementation Specific Guarantee 98% of Members ID Cards and welcome kits will be mailed within 5 business days of the CLIENT implementation date, provided that the CLIENT meets all timeline requirements established in the Implementation Guide for creation and approval of the materials.

  • D-45 18.5 Specific Guarantee Periods for HVAC and Roofing ....................................................................

  • If repairs are required under this Specific Guarantee for associated Mechanical, Electrical, Power, Signal, Communication, Elevator and Escalator work, then the Guarantee Period shall be extended in accordance with Section 14.2 (Reinstatement of Warranty Period After Repair).

  • Eligibility Set Up * Implementation Specific Guarantee 98% of eligibility records in mutually agreed to format will be set up and/or loaded accurately into the BENECARD PBF system prior to the implementation date with receipt of a clean eligibility file that meets all Implementation Guide timelines.

  • To secure the obligations resulting from Section 12.1(j) below, Jean-▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ll provide a first demand guarantee (the "Specific Guarantee"), in the form attached as Exhibit 2.5(b).

Related to Specific Guarantee

  • Permitted SBIC Guarantee means a guarantee by the Borrower of SBA Indebtedness of an SBIC Subsidiary on SBA’s then applicable form, provided that the recourse to the Obligors thereunder is expressly limited only to periods after the occurrence of an event or condition that is an impermissible change in the control of such SBIC Subsidiary (it being understood that, as provided in clause (r) of Article VII, it shall be an Event of Default hereunder if any such event or condition giving rise to such recourse occurs).

  • Bid guarantee means the bid bond, cashier's check or certified check submitted as part of the bid proposal, payable to the contracting unit, ensuring that the successful bidder will enter into a contract.

  • Guarantee means a guarantee (other than by endorsement of negotiable instruments for collection in the ordinary course of business), direct or indirect, in any manner (including letters of credit and reimbursement agreements in respect thereof), of all or any part of any Indebtedness or other obligations.

  • Canadian Guarantee means the Canadian Guarantee Agreement, made by each of the Canadian Guarantors in favor of the Canadian Administrative Agent for the benefit of the Lenders to the Canadian Borrower, substantially in the form of Exhibit A-1, as the same may be amended, supplemented or otherwise modified from time to time.

  • Subsidiary Guarantee means a Guarantee by a Subsidiary Guarantor of the Company’s obligations with respect to the Securities.