Subsisting Guarantees definition
Subsisting Guarantees the subsisting guarantees given by any member of the Project Group in respect of the Bonds and Perpetual Securities or other bonds and perpetual securities issued by the Road King Group “substantial shareholder” has the meaning ascribed to it under the Listing Rules
Examples of Subsisting Guarantees in a sentence
Following Completion, if a JV Party is l iquidated, dissolved, becomes bankrupt or insolvent, enters into any composition, reconstruction or arrangement with its creditors in respect of a significant proportion of its assets, is in material breach of its obligations under the Investment Agreement, or (in the case of Shine Precious only) the Subsisting Guarantees are enforced against the Project Group, the other JV Party may terminate the Investment Agreement by giving 30 days’ written notice.