• guarantor of the constitution – гарант конституции
См. также: guardianship, guarantee of performance by smb of his/her/its obligations, guarantees and compensations, guaranteed income
Iceland’s president holds a largely ceremonial position, acting as a guarantor of the constitution and national unity. (Guardian)
If a bill is dishonoured by non-acceptance in accordance with paragraph 1 (a) of this article, the holder may exercise an immediate right of recourse against the drawer, the endorsers and their guarantors, subject to the provisions of article 59. (UNITED NATIONS CONVENTION ON INTERNATIONAL BILLS OF EXCHANGE AND INTERNATIONAL PROMISSORY NOTES)
The Representative of the Covered Bondholders may (and in the case of an Approved Reorganisation, shall) agree with the Issuer (or any previous substitute) and the Covered Bond Guarantor at any time without the consent of the Covered Bondholders:
(a) to the substitution in place of Intesa Sanpaolo (or of any previous substitute) as principal debtor under the Covered Bonds by any bank Subsidiary of Intesa Sanpaolo (the Substitute Obligor) by way of an obligation transfer agreement without recourse to the Issuer (accollo liberatorio); or (INTESA SANPAOLO S.P.A. Base Prospectus Document)
It is very common for commercial documents to contain provisions which limit the right of creditors to lodge proofs of debt in circumstances where doing so would compete with the rights of another creditor.
One of the most common examples is found in guarantees. It is often, if not invariably, the case that a bank providing credit to a Small-Medium Enterprise (“SME”) will require the director(s) of the corporate SME to give a personal guarantee of its obligations to the bank. Commonly the landlord of premises rented by the company will also require such a guarantee as indeed may suppliers and other creditors of the company. It is common for such guarantees to contain clauses which say that the guarantor may not (amongst other things) prove in competition with the bank, lessor or supplier (as the case may be). (ERA Legal)
• guarantor
• guarantors
