Examples of Parent Guarantor in a sentence
In case of SGIS or SGE as New SG Issuer, the payment obligations (including any delivery obligations) of the relevant New SG Issuer under the Securities will be unconditionally and irrevocably guaranteed by SG (the "Parent Guarantor" and such guarantee, the "Parent Guarantee").
If there is no Parent Guarantee, all references to Parent Guarantee and Parent Guarantor shall be disregarded.
If there is more than one guarantor, references to Parent Guarantor shall mean all or any one of them.
The Guarantor shall not be discharged or released from this Guarantee by any arrangement made between the Government and the Contractor or the Parent Guarantor or by any change in obligations of the Contractor under the Contract or by any forbearance granted by the Government to the Contractor or the Parent Guarantor as to payment, time, performance or otherwise whether or not such arrangement, change or forbearance may have been or is made or granted with or without knowledge or assent of the Guarantor.
This Guarantee shall not be affected by any change of name or status in the company, firm or individual described as “the Contractor” or where the Contractor or the Parent Guarantor is a partnership, any change in the partners or where the Contractor or the Parent Guarantor is a company, any change in its members or directors.