Provision of Guarantees Sample Clauses

The 'Provision of guarantees' clause sets out the requirements and conditions under which one party must provide a guarantee to the other, typically to secure the performance of contractual obligations or payment. In practice, this may involve a third-party guarantor, such as a bank or parent company, issuing a formal guarantee document or letter of credit on behalf of the obligated party. This clause ensures that the beneficiary has recourse to compensation or performance if the primary party fails to meet its commitments, thereby reducing risk and increasing confidence in the transaction.
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Provision of Guarantees. 3.5.1 On or before the Effective Date, each of the Parties making up the Contractor (other than the National Company) will provide to the State and acceptable guarantee that should be, at the discretion of the Ministry, either (i) an Affiliate Company guarantee in the form stipulated in Annex D from an Affiliate Company or (ii) an irrevocable standby letter of credit from a first- class international financial institution in up to the amount of … million Dollars ($...MM), which corresponds to the minimum expenditure obligations of the Contractor under this Contract for the First Exploration Sub-Period, and which will remain valid until the Contractor has complied with this obligation of minimum expenditures. In any case, the amount of the guarantee will be reduced as a function of sums expended that are related to the work obligations carried out to the degree that they are complete. If the Parties that make up the Contractor (except the National Company) do not provide the Ministry with the guarantees demanded by the date established under this Article 3.5.1, this Contract will be considered null and void, if the Contractor does not succeed in remediating the noncompliance within thirty (30) days of being notified of it.
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Provision of Guarantees. In consideration of the Existing Guarantees provided by PetSmart, Chewy shall pay to PetSmart on a quarterly basis a recurring Guarantee Fee equal to fifty basis points (50bps) of the aggregate outstanding amount of all Existing Guarantees that are outstanding for all or any part of the calendar quarter preceding the calendar quarter in which such fee is payable.
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Provision of Guarantees. We can assist our clients with their personal and business projects by providing guarantees: - First demand guarantees; - Liability guarantees; - Rent guarantees. Guarantees less than or equal to €1,000,000 1.5% of the guarantee provided (minimum: €2,500) Guarantees above €1,000,000 0.5% of the guarantee provided Banque Transatlantique Luxembourg can help you with cash management: - Contractual line of credit - Arranged overdrafts4 – personal loans - Foreign exchange spot transactions - Foreign exchange forward transactions - Sight deposit and term deposit accounts As part of the account agreement entered into with the bank, and if you hold assets with us of a value of at least one (1) million euros, we can in principle grant you an advance on dividends and/or unrealized capital gains equivalent to 10% of your assets held with us, capped at one (1) million euros(**). Interest rate (for loans in euros) 3-month Euribor+2% Interest rate calculation method 360/360 days Administrative fees No charge 4 As defined by the Grand-Ducal Regulation of 6 June 2018 Banque Transatlantique Luxembourg’s private and corporate clients have the option of taking out an overdraft. Overdraft fees Rate applied to the difference between the account’s highest debit balance each month over the period, and the authorized balance 2.5% Extended overdraft fees Rate applied to the average negative balance for the period, if the account is in debit for over 51 consecutive or non-consecutive days during the quarter (17 days on a monthly basis) 0.6% Interest rate for account in debit, authorized overdraft 3-month Euribor + margin (contact us for more information) Interest rate for account in debit, unauthorized overdraft 12% Interest rate for account in credit 0% Interest rate calculation method 360/360 days Debit transaction fees 0.15% – quarterly Fee on the highest overdrawn amount in the quarter 0.20% We can facilitate management of your foreign currency assets and execute foreign exchange spot transactions for you in the main currencies, namely GBP, US and Canadian dollars, the yen, the Swiss franc, and the Norwegian krone as per the terms given below. Exchange value of less than €25,000 1% Exchange value of €25,000 - €50,000 0.75% Exchange value of €50,000 - €100,000 0.50% Exchange value of over €100,000 0.25% Foreign exchange spot transactions are carried out at the forex interbank market rate. This rate is increased or decreased by a margin that varies according to fees that may be c...
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Provision of Guarantees. The Concessionaire shall deliver to the Government at the time of execution of this Concession Agreement: a guarantee in the terms of the draft appearing in Part 2 of Schedule duly executed by the parties named therein (and the Government shall return to the Concessionaire the guarantee submitted in accordance with [the bid documents]); and a warranty in the terms of the draft appearing in Part 3 of Schedule duly executed by the Contractor; and a parent company guarantee In the terms of the draft appearing in Part 4 of Schedule duly executed by the parties named therein. The guarantee referred to In Clause 4.1.1 shall be returned to the Concessionaire on termination of the right to the Concession pursuant to Clause 2.6 (The Project and Pre-Concession Period], Clause 6 (Effect of the Bill etch Clause 7.3 (Certificate of Commencement] Clause 30 (Force Majeure], on receipt of the capital payment by the Concessionaire pursuant to Clause 9.2 (Transfer of Outstanding Debt] or on termination of the Concession pursuant to Clause 8.7.2 (Vacant Possession).
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Provision of Guarantees. In consideration of the Second Entrusted Loan, two subsidiary companies of the Borrower, which are principally engaged in real estate development in the PRC, have agreed to provide guarantees in favour of FNES for the principal amount of the Second Entrusted Loan, i.
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Provision of Guarantees. ‌ 5.11.1 On or prior to the signing of this Agreement, each Concessionaire has provided to the Government: (a) a parent company guarantee in the form set forth in Annex D from Concessionaire Party’s ultimate parent company (or other affiliate otherwise acceptable to the Minister) to provide all technical and financial resources that the Concessionaire Party may require to meet on a timely basis all obligations of the Concessionaire Party under this Agreement; and (b) an irrevocable standby letter of credit in the form set forth in Annex C from a bank acceptable to the Minister in the amount determined in Article 5.11.2 below, securing Concessionaire’s timely performance of the Minimum Exploration Programme for Petroleum or Stand-Alone CCS or Stand-Alone Lithium Extraction and for Petroleum the Additional Exploration Commitment, and which shall remain valid and effective for hundred eighty (180) consecutive days after the end of the Exploration Period. 5.11.2 The irrevocable standby letter(s) of credit to be delivered to the Minister on signature of this Agreement shall be provided by each of the Concessionaire Parties, pro rata to their respective participating interest in the Concession, in the amount of $ [complete as appropriate for the relevant Concession as below].‌ 5.11.3 The relevant bank guarantee shall be released with respect to each Well or Work Programme phase upon delivery to the issuing bank of a certificate signed by the Minister confirming that the corresponding Work Programme has been completed in accordance with the Agreement and that all technical data related thereto and a comprehensive technical report thereon as required by Article 19.1 has been delivered to the Minister. 5.11.4 It is understood among the Parties that notwithstanding the fact that Concessionaire incurs total costs for a particular Well greater or less than amounts indicated in this Article, the quantum of the bank guarantee shall not be altered nor shall the bank guarantee be released until completion of the completion of the Well as provided for in this Article. 5.11.5 With respect to Petroleum, where Concessionaire fails to reach the specified vertical depth of a Well, Concessionaire shall make the payments as provided for in Article 5.4, and where such payments have been made the guarantee for such Well shall be released, subject to the provisions of Article Error! Reference source not found.. 5.11.6 If, at the end of the Exploration Period, or upon termination of t...
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Provision of Guarantees. 3.5.1 On or before the Effective Date, each of the Parties making up the Contractor (other than the National Company) will provide to the State a guarantee in the form stipulated in Annex D from an Affiliate Company in up to the amount of one million Dollars ($1MM), which corresponds to the minimum expenditure obligations of the Contractor under this Contract for the First Exploration Sub-Period, and which will remain valid until the Contractor has complied with this obligation of minimum expenditures. In any case, the amount of the guarantee will be reduced as a function of sums expended that are related to the work obligations carried out to the degree that they are complete. If the Parties that make up the Contractor (except the National Company) do not provide the Ministry with the guarantee by the date established under this Article 3.5.1, this Contract will be considered null and void, if the Contractor does not succeed in remediating the noncompliance within thirty (30) days of being notified of it. 3.5.2 Thirty (30) days before initiating drilling of the Exploration Well demandable in the Second Exploration Sub-Period, the Contractor (other than the National Company) will provide the State a guarantee in the form stipulated in Annex D from an Affiliate Company in an amount up to the amount of fifteen million Dollars ($15MM), which corresponds to fifty percent (50%) of the minimum expenditure obligations of the Contractor under this Contract for the Second Exploration Sub-Period, and which will remain valid until the Contractor has complied with this obligation of minimum expenditures. In any case, the amount of the guarantee will be reduced as a function of sums expended that are related to the work obligations carried out to the degree that they are completed. If the Parties that make up the Contractor (except the National Company) do not provide the Ministry with the guarantee by the date established under this Article 3.5.2, this Contract will be considered null and void, if the Contractor does not succeed in remediating the noncompliance within thirty (30) days of being notified of it.
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Provision of Guarantees. We can assist our clients with their personal and business projects by providing guarantees: ‐ First demand guarantees; ‐ Liability guarantees; ‐ Rent guarantees.
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Provision of Guarantees. 3.5.1 On or before the Effective Date, each of the Parties making up the Contractor (other than the National Company) will provide to the State a guarantee in the form stipulated in Annex D from an Affiliate Company in up to the amount of one million Dollars ($1MM), which corresponds to the minimum expenditure obligations of the Contractor under this Contract for the First Exploration Sub-Period, and which will remain valid until the Contractor has complied with this obligation of minimum expenditures. In any case, the amount of the guarantee will be reduced as a function of sums expended that are related to the work obligations carried out to the degree that they are complete. If the Parties that make up the Contractor (except the National Company) do not provide the Ministry with the guarantee by the date established under this Article 3.5.1, this Contract will be considered null and void, if the Contractor does not succeed in remediating the noncompliance within thirty (30) days of being notified of it. 3.5.2 Thirty (30) days before initiating drilling of the Exploration Well demandable in the Second Exploration Sub-Period, the Contractor (other than the National Company) will provide the State a guarantee in the form stipulated in Annex D from an Affiliate Company in an amount up to the amount of fifteen million Dollars ($15MM), which corresponds to fifty percent (50%) of the minimum expenditure obligations of the Contractor under this Contract for the Second Exploration Sub-Period, and which will remain valid until the Contractor has complied with this obligation of minimum expenditures. In any case, the amount of the guarantee will be reduced as a function of sums expended that are related to the work obligations carried out to the degree that they are completed. If the Parties that make up the Contractor (except the National Company) do not provide the Ministry with the guarantee by the date established under this Article 3.5.2, this Contract will be considered null and void, if the Contractor does not succeed in remediating the noncompliance within thirty (30) days of being notified of it.
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Related to Provision of Guarantees

  • Subordination of Guarantees ANTI-LAYERING. No Guarantor shall incur, create, issue, assume, guarantee or otherwise become liable for any Indebtedness that is subordinate or junior in right of payment to any Senior Debt of a Guarantor and senior in any respect in right of payment to any of the Guarantees. Notwithstanding the foregoing sentence, the Guarantee of each Guarantor shall be subordinated to the prior payment in full of all Senior Debt of that Guarantor (in the same manner and to the same extent that the Securities are subordinated to Senior Debt), which shall include all guarantees of Senior Debt.

  • Release of Guarantees (a) A Guarantee by a Guarantor shall be automatically and unconditionally released and discharged, and no further action by such Guarantor, the Issuer or the Trustee is required for the release of such Guarantor’s Guarantee, upon: (1) any sale, exchange or transfer (by merger, wind-up, consolidation or otherwise) of the Capital Stock of such Guarantor (including any sale, exchange or transfer), after which the applicable Guarantor is no longer a Restricted Subsidiary or sale of all or substantially all the assets of such Guarantor, which sale, exchange or transfer is made in compliance with the applicable provisions of this Indenture; (2) the release or discharge of the guarantee by such Guarantor that resulted in the creation of such Guarantee, except a discharge or release by or as a result of payment under such guarantee; (3) the designation of any Restricted Subsidiary that is a Guarantor as an Unrestricted Subsidiary in compliance with Section 4.07 hereof and the definition of “Unrestricted Subsidiary” hereunder; or (4) the exercise by the Issuer of its Legal Defeasance option or Covenant Defeasance option in accordance with Article 8 hereof or the Issuer’s obligations under this Indenture being discharged in accordance with the terms of this Indenture; provided that such Guarantor shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that all conditions precedent provided for in this Indenture relating to such transaction have been complied with.

  • Limitation of Guarantee The obligations of each Guarantor will be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under its Guarantee or pursuant to its contribution obligations under this Indenture, result in the obligations of such Guarantor under the Guarantee not constituting a fraudulent conveyance or fraudulent transfer under Federal or state law. Each Guarantor that makes a payment or distribution under a Guarantee shall be entitled to a contribution from each other Guarantor in a pro rata amount based on the Adjusted Net Assets of each Guarantor.

  • Execution of Guarantee To further evidence the Guarantee to the Holders, the Guarantor hereby agrees to execute a Guarantee substantially in the form of Exhibit A hereto, to be endorsed on and made a part of each Security ordered to be authenticated and delivered by the Trustee. The Guarantor hereby agrees that its Guarantee set forth in Section 2.01 shall remain in full force and effect notwithstanding any failure to endorse on each Security a Guarantee. Each such Guarantee shall be signed on behalf of the Guarantor by its Chairman of the Board, its President or one of its Vice Presidents prior to the authentication of the Security on which it is endorsed, and the delivery of such Security by the Trustee, after the authentication thereof hereunder, shall constitute due delivery of such Guarantee on behalf of the Guarantor. Such signature upon the Guarantee may be a manual or facsimile signature of such officer and may be imprinted or otherwise reproduced on the Guarantee, and in case such officer who shall have signed the Guarantee shall cease to be such officer before the Security on which Guarantee is endorsed shall have been authenticated and delivered by the Trustee or disposed of by the Company, the Security nevertheless may be authenticated and delivered or disposed of as though the Person who signed the Guarantee had not ceased to be such officer of the Guarantor.

  • Reaffirmation of Guaranties The Credit Parties signatory hereto hereby reaffirm their Guaranties of the Obligations, taking into account the provisions of this Amendment.