Examples of Guaranteed Creditors in a sentence
GUARANTEE 2.1 Guarantee The Guarantor unconditionally and irrevocably guarantees to the Guaranteed Creditors the due and punctual performance by the Issuer of the Guaranteed Obligations.
For the purpose of Clause 16.1 (Currency indemnity), "rate of exchange" means the rate at which the Bond Trustees acting on behalf of the Guaranteed Creditors is able on the relevant date to purchase the Required Currency with the Other Currency and shall take into account any commission, premium and other costs of exchange and Taxes payable in connection with such purchase.
If the Bond Trustee reasonably considers, on the basis of independent legal advice, that any payment to, or guarantee or security provided to the Guaranteed Creditors is capable of being, or has been, avoided, reduced or invalidated by virtue of applicable law, notwithstanding any release or discharge of the Guaranteed Obligations, the liability of the Guarantor under this Deed shall continue as if such amounts had not been paid or as if such guarantee or security had not been provided.
Guarantee The Bond Guarantee is an unconditional and irrevocable guarantee given by the Secretary of State for Communities and Local Government to the Guaranteed Creditors (being the Bondholders, the Couponholders and the Bond Trustee on behalf of itself and as trustee for the Bondholders and the Couponholders) in relation to the due and punctual performance by the Issuer of the Guaranteed Obligations.
Guaranteed Obligations is defined to include all present and future payment obligations and liabilities of the Issuer which are, or may become, due, owing or payable to the Guaranteed Creditors under or in connection with the Bonds, the Coupons or the Trust Deed, together with all fees and expenses incurred by the Guaranteed Creditors payable by the Issuer under or in connection with the Bonds, the Coupons, the Trust Deed or the Bond Guarantee.