![]() Qualifying Guarantee means an arrangement evidenced by a written instrument pursuant to which a Reference Entity irrevocably agrees (by guarantee of payment or equivalent legal arrangement) to pay all amounts due under an obligation (the “Underlying Obligation”) for which another party is the obligor (the “Underlying Obligor”). Non-Paying Guarantor has the meaning assigned to such term in Section 10.11.Įxcess Funding Guarantor means, in respect of any Guaranteed Obligations, a Subsidiary Guarantor that has paid an amount in excess of its Pro Rata Share of such Guaranteed Obligations, (ii) “Excess Payment” means, in respect of any Guaranteed Obligations, the amount paid by an Excess Funding Guarantor in excess of its Pro Rata Share of such Guaranteed Obligations and (iii) “Pro Rata Share” means, for any Subsidiary Guarantor, the ratio (expressed as a percentage) of (x) the amount by which the aggregate fair saleable value of all properties of such Subsidiary Guarantor (excluding any shares of stock or other equity interest of any other Subsidiary Guarantor) exceeds the amount of all the debts and liabilities of such Subsidiary Guarantor (including contingent, subordinated, unmatured and unliquidated liabilities, but excluding the obligations of such Subsidiary Guarantor hereunder and any obligations of any other Subsidiary Guarantor that have been Guaranteed by such Subsidiary Guarantor) to (y) the amount by which the aggregate fair saleable value of all properties of the Borrower and all of the Subsidiary Guarantors exceeds the amount of all the debts and liabilities (including contingent, subordinated, unmatured and unliquidated liabilities, but excluding the obligations of the Obligors hereunder) of the Borrower and all of the Subsidiary Guarantors, determined (A) with respect to any Subsidiary Guarantor that is a party hereto on the date hereof, as of the date hereof, and (B) with respect to any other Subsidiary Guarantor, as of the date such Subsidiary Guarantor becomes a Subsidiary Guarantor hereunder. ![]() In most of the PG, you don't have to worry about the bills it's included in the rent of PG.Paying Guarantor has the meaning assigned to such term in Section 10.11. You have to pay your bills like water bill, maintenance, etc. You do not have to waste your time on household chores the owner himself takes care of everything. In an emergency, you also have access to first aid kits and doctors.Įvery household chore has to be done by the tenant himself. PG is preferred by the students or working professionals as it provides the food facility accompanied by other services like cleaning, etc.įlats do not offer much safety and security. ![]() The owner of the PG will take care of the food and also provide you with all the basic amenities like electricity, fridge, microwave etc (depending on the type of PG).įamilies generally prefer flats as they require significant space and maintain their privacy. ![]() The tenant has to take care of the food and other things like housekeeping, electricity, etc. ![]() The guest gets only a portion of the house and so his costs are shared, it works out to be more economical than a flat. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |