Type of Guarantee Clause Samples
The 'Type of Guarantee' clause defines the specific nature and scope of the guarantee being provided under the agreement. It clarifies whether the guarantee is, for example, a financial guarantee, a performance guarantee, or another form, and may specify the obligations or liabilities covered. By clearly identifying the type of guarantee, this clause ensures that all parties understand the extent and limitations of the guarantor's responsibility, thereby reducing ambiguity and potential disputes regarding the guarantor's obligations.
Type of Guarantee. The guarantee provided by the Guarantor hereunder is an irrevocable joint and several guarantee.
Type of Guarantee. The guarantee under this agreement shall be guarantee with joint and several liabilities. When there are no less than two Guarantors, the Guarantors shall bear joint and several liabilities to the Creditor.
Type of Guarantee. The obligations and liabilities of the Guarantor under this Guarantee and the Debtor in respect of the secured indebtedness are joint and several.
Type of Guarantee. BIB loans will be processed under the Loan Note Guarantee option of § 1980.101 (e)(1) of subpart B of this part Only. No loan will be processed for a Contract of Guarantee (Line of Credit) under § 1980.101 (e)(2) of subpart B of this part.
Type of Guarantee. See § 1980.101(e)(1) of subpart B of part 1980 of this chapter. BID loans will be proc- essed under the Loan Note Guarantee option ONLY. No loan will be processed for a Contract of Guarantee (Line of Credit) under this section.
Type of Guarantee. [ ] (e.g. bid, performance, advance payment, customs, counter guarantee etc.)
Type of Guarantee. The Guarantors and the Agent hereby agree that the Guarantee herein provided is a guarantee of collection.
Type of Guarantee. The guarantee created by this Agreement shall constitute a Norwegian law selvskyldnergaranti.
Type of Guarantee. Party A shall provide a joint liability guarantee. Party A hereby confirms that when the Debtor fails to perform its obligations in compliance with the Underlying Contract, notwithstanding any security under the Underlying Contract available for the benefit of Party B (including but not limited to guarantee, mortgage, pledge, letter of guarantee, standby letter of credit), Party B shall be entitled to directly request Party A to perform its guarantee obligations within the scope of the guarantee.
Type of Guarantee. The type of Guarantee of the contract shall be joint guarantee.