Contract Guarantor definition
Examples of Contract Guarantor in a sentence
Where the Customer has stipulated in the Contract Order Form that this Contract shall be conditional upon receipt of a Contract Guarantee, then, on or prior to the Contract Commencement Date or on any other date specified by the Customer, the Supplier shall deliver to the Customer: an executed Contract Guarantee from a Contract Guarantor; and a certified copy extract of the board minutes and/or resolution of the Contract Guarantor approving the execution of the Contract Guarantee.
If at any ▇▇▇▇ ▇▇▇▇▇▇ fails, neglects or refuses to timely or fully perform any of the Obligations as provided in the Contract, Guarantor shall promptly perform or cause to be performed such Obligation upon receipt of written notice of such default and demand for performance from Owner.
If Student fails to make any payment under this Contract, Guarantor will, upon demand, make such payment to University or University’s agent.
On the Closing Date, the Owner shall deliver to the Building Contract Guarantor a copy of this Assignment and shall procure the execution by the Building Contract Guarantor of the Consent and Acknowledgment set out in Exhibit A hereto and deliver said Consent and Acknowledgment to the Indenture Trustee on the Closing Date.
The Supplier shall promptly notify (or shall procure that its auditors promptly notify) the Authority in writing if there is any downgrade in the credit rating issued by any Rating Agency for either the Supplier [or the Dynamic Marketplace Guarantor/ [ and Contract Guarantor]] (and in any event within five (5 )Working Days of the occurrence of the downgrade).
Pursuant to the Building Contract Guarantee, the Building Contract Guarantor is guaranteeing the obligations of the Builder under the Building Contract.
Pursuant to the Building Contract Guarantee, Korea Development Bank (the "Building Contract Guarantor") will guarantee the obligations of the Builder under the Building Contract.
The Supplier warrants and represents to the Authority for the benefit of the Authority that as at the DMP Commencement Date the long term credit ratings issued for the Supplier [and Dynamic Marketplace Guarantor/ [and Contract Guarantor]] by each of the Rating Agencies are as set out in Annex 2.
The Owner will perform its obligations under the Building Contract Guarantee and will use its best efforts to cause the Building Contract Guarantor to perform its obligations thereunder.
Upon execution by ▇▇▇▇▇▇▇▇▇ of the South Alameda Contract, Guarantor shall execute irrevocable instructions to the escrow agent for the purchase and sale transaction, directing such escrow agent to pay to Agent the amounts required to be paid pursuant to subsection (a) above, which payment shall be deemed to have been made by Guarantor pursuant to this Guaranty.