Common use of Bank Guarantee/Parent Company Guarantee Clause in Contracts

Bank Guarantee/Parent Company Guarantee. 3.1 The Customer shall submit to the SSO the original of an irrevocable and unconditional Bank Guarantee/Parent Company Guarantee issued by [MISSING DATA TO BE INSERTED] in the form stipulated in Annex No. 2 to the Purchase Agreement in favour of the SSO in an amount of [MISSING DATA TO BE INSERTED] EUR (to wit: [MISSING DATA TO BE INSERTED]euro) (hereinafter referred to as the (“Bank Guarantee/Parent Company Guarantee” or “Performance Assurance”) to secure all obligations of the Customer under this Purchase Agreement and Agreement.

Appears in 4 contracts

Samples: Gas Storage Agreement, Gas Storage Agreement, Gas Storage Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.