Common use of COLLATERAL SECURITIES Clause in Contracts

COLLATERAL SECURITIES. 12.1 In order to provide collateral security for any breach of obligations or responsibilities arising from the contractual relationship, the Air Operator is obliged to set a bank guarantee in favour of the Buyer as for its own debt amounting to at least EUR fifty thousand (50,000). The bank guarantee must be set prior to the execution of the Agreement. 12.2 The collateral security must be valid throughout the Agreement Period and at least three (3) months after the Agreement is terminated.

COLLATERAL SECURITIES. 12.1 In order to provide collateral security for any breach of obligations or responsibilities arising from the contractual relationship, the Air Operator is obliged to set a bank guarantee in favour of the Buyer Buyers as for its own debt amounting to at least EUR fifty thousand (50,000). The bank guarantee must be set prior to the execution of the Agreement. 12.2 The collateral security must be valid throughout the Agreement Period and the Option Period at least three (3) months after the Agreement or the Option Period Agreement is terminatedterminated and is returned thereafter without delay.

COLLATERAL SECURITIES. 12.1 In order to provide collateral security for any breach of obligations or responsibilities arising from the contractual relationship, the Air Operator is obliged to set a bank guarantee in favour of the Buyer as for its own debt amounting to at least EUR fifty thousand (50,00050.000). The bank guarantee must be set prior to the execution of the Agreement. 12.2 The collateral security must be valid throughout the Agreement Period and at least three (3) months after the Agreement is terminated.

COLLATERAL SECURITIES. 12.1 In order to provide collateral security for any breach of obligations or responsibilities arising from the contractual relationship, the Air Operator is obliged to set a bank guarantee or cash deposit in favour of the Buyer as for its own debt amounting to at least EUR fifty thousand (50,00050.000). The bank guarantee must be set prior to the execution of the Agreement. 12.2 The collateral security must be valid throughout the Agreement Period and at least three (3) months after the Agreement is terminated.