Keepwell Agreement

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Keepwell Agreement

An agreement between a parent company and a subsidiary in which the parent company provides a guarantee on the subsidiary's debt for the duration of the agreement. The keepwell agreement reduces the risk to the subsidiary's debt securities and may be beneficial for its stockholders.
References in periodicals archive ?
The notes are guaranteed by China Cinda (HK) Holdings Company Limited, a wholly owned subsidiary of China Cinda, and are supported by a keepwell deed and a deed of equity interest purchase, investment and liquidity support undertaking from China Cinda.
providing construction and/or address new litigation or keepwell guaranties.
KeepWell Foods LLC, Laguna Beach, CA, has launched a privately owned nutritional food and beverage manufacturing company.
They are aiming to provide information and support on getting through the cold months with a KeepWell ThisWinter event.
The senior unsecured debt ratings of Sojitz subsidiaries supported by keepwell agreements have also been upgraded to B1 from B2, Moody's said.
KeepWell Foods LLCannounced today its official launch as a privately owned nutritional food and beverage manufacturing company.
The notes are supported by a keepwell deed and a deed of equity interest purchase undertaking from COFCO (Hong Kong) Limited.
Allianz SE provides explicit support to Allianz Global Corporate & Specialty, North America in the form of a quota share reinsurance agreement, as well as a keepwell agreement.
This bond issue is credit-enhanced by a keepwell deed, an irrevocable cross-border RMB standby facility and a deed of equity interest purchase undertaking from CCCC.
The OCI, in its sole discretion, may modify, terminate or extend its waiver of Capital Requirements, although any modification or extension of the Keepwell Provision requires our written consent.
commercial paper based on a keepwell agreement between TAH and its parent company, Takeda Chemical Industries Ltd.
DLA Piper has advised Rizhao Port Group on the listing of its credit enhanced bonds for RMB850,000,000, with the benefit of a keepwell deed provided by Rizhao Port Group.