Contractor Guarantee. On the Effective Date, Contractor shall obtain and deliver a guarantee from [Name of parent firm or other Guarantor] . (“Parent Guarantee”) of performance for the obligations of Contractor, in the form of Schedule X. The obligations of Owner pursuant to Article 5 hereunder are expressly conditioned upon the receipt of such Parent Guarantee.
Appears in 2 contracts
Sources: Engineering, Procurement and Construction Agreement, Engineering, Procurement and Construction Agreement