Sentences with phrase «guarantee agreement»
A "guarantee agreement" is a legal promise that someone makes to ensure that something will happen or be paid for. It is like a guarantee or assurance, where a person agrees to take responsibility and provide assistance if the original agreement or promise is not fulfilled. It is a way to offer a backup or insurance for a transaction or obligation. Full definition
Successfully recovered the debt owed from the owner through an executed personal guarantee agreement.
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We execute a separate guarantee agreement with each guarantor which references the lease and identifies the charge / tenant for whom they are providing the guarantee.
When presented with a request to permit an assignment the landlord will have an opportunity to consider the credentials of the proposed new tenants, and in all likelihood to require his current tenant to enter into an authorised guarantee agreement (AGA) in accordance with the Landlord and Tenant (Covenants) Act 1995.
In general we can say that natural law does not guarantee agreement on concrete issues, but we can also say that natural law plus prudence equals flexibility.
What we do is have the parents as guarantors and execute a separate guarantee agreement which is attached as a schedule to the lease.
A Tetra Pak ® Plant Care with Performance Guarantee agreement helped the customer improve equipment stability and reduce variability by 84 %.
The loan will be completed under BND's Master Guarantee Agreement with Ex-Im Bank.
Saying it was a «matter of opinion» as to whether such demonstrations were constructive or destructive, Mr. Su just hoped that delegates would be able to get into the venue so that they could work «25 hours a day» to guarantee an agreement by the end of this week.
Represented a U.S. company in enforcing a personal guarantee agreement against the owner of a manufacturing company.
Represented the United States government in its UNCITRAL Rules arbitration claim against India under the auspices of the Permanent Court of Arbitration relating to losses suffered by U.S. companies on a major power plant project in India recoverable under an investment guarantee agreement.
Circular 29 provides that domestic institutions are allowed to sign other forms of guarantee agreements, which are neither foreign guarantee to domestic loan agreements nor domestic guarantee to foreign loan agreements, on their own account without registering with SAFE.
The lender may also be able to pursue «guarantors» of the debt who have signed written guarantee agreements (not including the borrowers).
The most important thing is to make sure you're truly comfortable with the guarantee agreement before signing off.
These costs will typically be stipulated in the guarantee agreement.
(d) The term «loan guarantee commitment» means a binding agreement by a Federal awarding agency to make a loan guarantee when specified conditions are fulfilled by the borrower, the lender, or any other party to the guarantee agreement.
To this end, the DOT has established basic eligibility criteria to evaluate and approve guaranteed lenders prior to execution of a loan guarantee agreement.
The borrower and the DOT will execute the credit agreement for a secured loan or line of credit; the guaranteed lender, the DOT, and the borrower will execute the loan guarantee agreement or instrument for a loan guarantee.
These costs will typically be stipulated in the guarantee agreement.
The most important thing is to make sure you're truly comfortable with the guarantee agreement before signing off.
Most current short - term loans do not need somebody to guarantee the agreement, as lenders know it creates a lot of extra hassle and longer wait times.
Margins, sometimes set as a percentage of the value of the futures contract, must be maintained throughout the life of the contract to guarantee the agreement, as over this time the price of the contract can vary as a function of supply and demand, causing one side of the exchange to lose money at the expense of the other.
Landlords argued that investment values would be slashed as a result, and their lobbying led to the creation of «authorised guarantee agreements» (AGAs).
Moving on with your question, you as a third party are not privy (directly involved) in the guarantee agreement, you are only involved in the original loan agreement, and therefore you can not force them to follow the agreement.
In any case, even if they don't dissolve the guarantee agreement, if you are unable to pay the loan, the lender can always go for you first, and if you don't have enough money, the lender can go for the guarantor for the rest of the balance.
The statement will also have to be accompanied by one or more of the following «substantiating documents»: the most recent audited annual financial statement and, if available, a current credit rating; a promissory note; an insurance policy or a certificate of insurance; an escrow agreement; a letter of credit; a line of credit agreement with funds available; a guarantee agreement; a security bond; a pledge agreement; an indemnity bond; or suretyship agreement.
She also has experience of negotiating documents such as deeds of surrender, deeds of variation, authorised guarantee agreements, deeds of covenant, licences, rent deposit deeds, loan agreements and s. 106 agreements.
@Roy N - Would you be willing to share information on your guarantee agreement?
In addition to having you sign a Promissory Note for $ 800,000 and giving the bank a deed of trust, the bank is almost always going to require that you sign a «Guarantee Agreement».