Guarantee Undertaking definition

Guarantee Undertaking means the guarantee undertaking issued by the Guarantor pursuant to which the Guarantor irrevocably and unconditionally, as principal obligor, guarantees to the Secured Parties the punctual performance by the Issuer of the Secured Obligations.
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Guarantee Undertaking means a capped guarantee undertaking of DKK 25,000,000 issued by the Parent as primary guarantor and Gefion Group Ejendomsudvikling K/S as secondary guarantor, guaranteeing any loss of the Bondholders and the Junior Bondholders emanating from the Issuer's inability to procure a Project Facility in order to fully complete the contemplated project on the Store Kongensgade Properties, such guarantee ceasing to apply once a fully committed Project Facility has been procured, but provided that if the Project Facility has not been procured within six (6) months after the Issue Date, the guarantee shall continue to apply, unless the Issuer delivers
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Guarantee Undertaking means a guarantee undertaking issued by the Guarantor in an amount equal to Interest on the Bonds for the first eighteen (18) months after the Issue Date, guaranteeing any loss of the Bondholders emanating from the Issuer's inability to fulfil its obligations under the Terms and Conditions. The amount secured under the Guarantee Undertaking shall be reduced by an amount equal to each payment of Interest made by the Issuer during the first eighteen (18) months after the Issue Date.
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Examples of Guarantee Undertaking in a sentence

  • If the Supplier is a subsidiary of another corporation it must, if requested by the Organisation, procure from that corporation a Deed of Guarantee, Undertaking and Substitution in a form approved by the Organisation and which provides for the corporation to guarantee the performance of the Supplier's obligations under this Agreement.


More Definitions of Guarantee Undertaking

Guarantee Undertaking means the Issuer’s guarantee and indemnity undertaking (as for its own debt (Sw. proprieborgen)) in favour of Calibrium Management Company S.A. for the obligations of Nordact AB and Vivskä AB under the Nordact Loan pursuant to the guarantee and indemnity agreement between the Issuer and Calibrium Management Company S.A. dated 29 March 2021.
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Guarantee Undertaking means a guarantee undertaking pursuant to which the Guarantors irrevocably and unconditionally, jointly and severally, as principal obligors, guarantee to the Bondholders and the Trustee the punctual performance by the Issuer of all the Issuer's obligations under the Finance Documents.
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Guarantee Undertaking means an undertaking given by the ultimate holding company of the Service Provider (if it is a subsidiary company) in the form set out in the Instructions to Tenderers;
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Related to Guarantee Undertaking

  • Guarantee Agreement means this Guarantee Agreement, as modified, amended or supplemented from time to time.

  • Guaranty Agreement means an agreement executed by the Guarantors in substantially the form of Exhibit F unconditionally guarantying, on a joint and several basis, payment of the Indebtedness, as the same may be amended, modified or supplemented from time to time.

  • Subsidiary Guarantee Agreement means the Subsidiary Guarantee Agreement, substantially in the form of Exhibit I, made by the Subsidiary Guarantors in favor of the Collateral Agent for the benefit of the Secured Parties.

  • insurance undertaking means insurance undertaking as defined in point (1) of Article 13 of Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) (1);

  • group undertaking means the Company or another undertaking in the group;

  • reinsurance undertaking means reinsurance undertaking as defined in point (4) of Article 13 of Directive 2009/138/EC;

  • Financial guarantee means a performance bond, maintenance bond, surety bond, irrevocable letter of credit, or similar guarantees submitted to the [administering authority] by the responsible party to assure that requirements of the ordinance are carried out in compliance with the storm water management plan.

  • Guaranty means, with respect to any Person, any obligation (except the endorsement in the ordinary course of business of negotiable instruments for deposit or collection) of such Person guaranteeing or in effect guaranteeing any indebtedness, dividend or other obligation of any other Person in any manner, whether directly or indirectly, including (without limitation) obligations incurred through an agreement, contingent or otherwise, by such Person:

  • Permitted SBIC Guarantee means a guarantee by the Borrower of Indebtedness of an SBIC Subsidiary on the SBA’s then applicable form, provided that the recourse to the Borrower 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 (s) of Article VII, it shall be an Event of Default hereunder if any such event or condition giving rise to such recourse occurs).

  • Guaranty Agreements means, collectively, the Parent Guaranty Agreements and the Subsidiary Guaranty Agreements.

  • Corporate Guarantee means the guarantee required to be executed hereunder by the Corporate Guarantor in such form as the Bank may agree or require ;

  • Guaranty and Security Agreement means a guaranty and security agreement, dated as of even date with the Agreement, in form and substance reasonably satisfactory to Agent, executed and delivered by each of the Borrowers and each of the Guarantors to Agent.

  • Standard Securitization Undertakings means all representations, warranties, covenants, indemnities, performance Guarantees and servicing obligations entered into by the Parent or any Subsidiary (other than a Receivables Subsidiary), which are customary in connection with any financing of accounts receivable.

  • Guarantee means, as to any Person, (a) any obligation, contingent or otherwise, of such Person guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation payable or performable by another Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of such Person, direct or indirect, (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation, (ii) to purchase or lease property, securities or services for the purpose of assuring the obligee in respect of such Indebtedness or other obligation of the payment or performance of such Indebtedness or other obligation, (iii) to maintain working capital, equity capital or any other financial statement condition or liquidity or level of income or cash flow of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation, or (iv) entered into for the purpose of assuring in any other manner the obligee in respect of such Indebtedness or other obligation of the payment or performance thereof or to protect such obligee against loss in respect thereof (in whole or in part), or (b) any Lien on any assets of such Person securing any Indebtedness or other obligation of any other Person, whether or not such Indebtedness or other obligation is assumed by such Person (or any right, contingent or otherwise, of any holder of such Indebtedness to obtain any such Lien). The amount of any Guarantee shall be deemed to be an amount equal to the stated or determinable amount of the related primary obligation, or portion thereof, in respect of which such Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as determined by the guaranteeing Person in good faith. The term “Guarantee” as a verb has a corresponding meaning.