Conditions of the Guarantee. (a) In the case of local financial institutions, the Guarantee must expressly state that the issuer waives the benefit of excussion contemplated in article 2.383 of the Civil Code. In the case of Guarantees issued by foreign financial institutions, it must express that it is on demand and irrevocable and the benefit of excussion or similar ones must be waived.
Appears in 8 contracts
Samples: Transportation Agreement (Gran Tierra Energy Inc.), Transportation Agreement (Gran Tierra Energy Inc.), Transportation Agreement (Gran Tierra Energy Inc.)