Guaranty not principal protection Sample Clauses

Guaranty not principal protection. Whilst Guaranteed Notes have the benefit of a Guaranty, such Guaranty extends to amounts that are payable under the Conditions and therefore the Guarantor will not (unless otherwise specified in the relevant Offer Document) guarantee a minimum return on the investment. Furthermore, the Guaranty is limited to the amount that would be payable by the Issuer pursuant to the terms of the Guaranteed Notes and for the avoidance of doubt (i) in the case of a Mandatory Redemption Event or an Event of Default, the Guaranty is limited to payment of the Mandatory Redemption Amount only (which may be less than the outstanding principal amount of such Guaranteed Notes) and (ii) upon enforcement of security the Guaranty is limited to payment of an amount equal to that which would be payable by the Issuer in accordance with the priority of claims set out in the Offer Document and subject to the limited recourse provisions. Furthermore, to the extent that payment or delivery of any amount is made by the Issuer pursuant to the Conditions, no amount or asset will be due under the Conditions to the extent of such payment or delivery and therefore the Guarantor will not be responsible for paying or delivering such amounts or assets. The Guarantor has the right in its sole and unfettered discretion pursuant to the Guaranty to discharge any obligation to deliver the Physical Redemption Amount or, as the case may be, Deliverable Obligations by payment of the Physical Settlement Disruption Amount instead of delivery of the Physical Redemption Amount or, as the case may be, Deliverable Obligations.
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Related to Guaranty not principal protection

  • INSURANCE PROTECTION Insurance protection for employees travelling on work related business is provided in accordance with the DHB’s insurance policy. The provisions of the insurance policy are available through the Human Resources department.

  • Environmental Protection Except as set forth in Schedule 5.13 annexed hereto:

  • Fall Protection Fall restraint or fall arrest protection required where a fall of more than 2.4 meters is possible. NO EXCEPTIONS.

  • Foot Protection The Employer reserves the right to require the wearing of foot protection by employees. In such cases, the Employer will provide a safety device or, if the Employer requires the employee to purchase approved safety shoes, the Employer will pay an allowance, not to exceed the established contract price approved by the State Purchasing Division, during January of each year.

  • Fair and Equitable Treatment and Full Protection and Security 1. Each Party shall accord fair and equitable treatment and full protection and security in accordance with customary international law in its territory to investment of investors of the other Party. 2. For greater certainty, (a) the concepts of "fair and equitable treatment" and "full protection and security" do not require additional treatment to that required under the minimum standard of treatment of aliens in accordance with the standard of customary international law; (b) a determination that there has been a breach of another provision of this Agreement or another international agreement does not imply that the minimum standard of treatment of aliens has been breached; (c) "fair and equitable treatment" includes the prohibition against denial of justice in criminal, civil, or administrative proceedings in accordance with the general accepted principles of customary international law; and (d) the "full protection and security" standard does not imply, in any case, a better treatment to that accorded to nationals of the Party where the investment has been made.

  • Income Protection All workers will be covered by the extended Incolink Leisure Time Insurance and Income protection Scheme which provides defined weekly payments ($500 per week to workers with dependants, $400 per week to workers without dependants) for up to a maximum 104 weeks in the event of an extended work absence arising from any personal illness or injury (whether or not work related). The costs of this benefit will be shared between Incolink and the company on a 30/70 basis. Agreed premium costs will be: Incolink - $2.10 per week/worker Employer - $4.90 per week/worker It is a condition of the company’s agreement to provide this benefit that premium costs be maintained at not more than the February 1998 equivalent. In the event of premium costs escalating, the parties are agreed that the benefits table will be revised downwards so as to contain premium costs within the agreed limits. To maintain this cover the company agrees to pay the amounts every week for each employee. In the event the company does not maintain the above policy, the company will be liable in full to pay equivalent benefits to an employee who meets eligibility criteria as set out in the policy document.

  • Federal Water Pollution Control Act 1. The contractor agrees to comply with all applicable standards, orders, or regulations issued pursuant to the Federal Water Pollution Control Act, as amended, 33 U.S.C. 1251 et seq.

  • Staff Protection A. The District shall protect certificated employees acting within the scope of their employment by purchasing liability insurance in the amount of at least five million dollars ($5,000,000) per occurrence, and the District shall include the certificated employees as named insured under the liability insurance and errors and omissions policy of the school district.

  • Physical Protection Employees may protect themselves, other employees, teachers, administrators, or students, from attacks, physical abuse or injury, or may prevent damage to school district property.

  • Income Protection Plan 7.2.1 (a) All employees w ho are unable to perform their duties due to an illness or injury, other than one for w hich Workplace Safety and Insurance benefits are payable, shall be entitled to income protection in accordance w ith the follow ing schedule: Length of Service Full Salary 2/3' s Salary (Weeks) (Weeks) 3 months but less than 6 months 1 1 6 months but less than 12 months1 16 1 year but less than 2 years 2 15 2 years but less than 3 years 3 14 3 years but less than 4 years 4 13 4 years but less than 5 years 5 12 5 years but less than 6 years 7 10 6 years but less than 7 years 9 8 7 years but less than 8 years 11 6 8 years but less than 9 years 13 4 9 years but less than 10 years 15 2

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