Comparative law notes
In agreements governed by Hungarian law, this type of provision may take the form of a guarantee or undertaking by the owner.
There are multiple definitions - click on the translation that matches your context.
- garancia
- tulajdonosi kötelezettségvállalás
bad-boy guarantee means:
- bad-boy guarantee
- indemnity bond
tulajdonosi kötelezettségvállalás means:
tulajdonosi kötelezettségvállalás
főnév
partial
bad-boy guarantee
noun
Definitions of bad-boy guarantee
a provision, often found in commercial real estate loans where the borrower is a company, which holds the owner of the company personally responsible for the loan if the company files for bankruptcy
Harrison agreed to sign a bad-boy guarantee, making Harrison liable for repaying the $107 million loan should the four properties seek bankruptcy protection.