Common use of Provision of Guarantees Clause in Contracts

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).

Provision of Guarantees. 4.1 The Concessionaire shall deliver to the Government at the time of execution of this Concession Agreement: : 4.1.1 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 and 4.1.2 a warranty in the terms of the draft appearing in Part 3 of Schedule duly executed by the Contractor; and and 4.1.3 a parent company guarantee In the terms of the draft appearing in Part 4 of Schedule duly executed by the parties named therein. . 4.2 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-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).