Financial Guarantee. 30.1 By derogation from article 30 of the General Conditions, no pre-financing guarantee is required.
Financial Guarantee. Before any grading is started on any site, all erosion control measures as shown on the approved erosion control plan, which is part of the Plans, shall be installed pursuant thereto. If the Developer has provided a financial security pursuant to City Code, Chapter 14, Article IV, for a grading permit for the Property prior to the execution of this Agreement (hereinafter referred to as the “Grading Security”), then, either: (i) the Grading Security amount shall be deducted from the amount required for the Escrow Items Surety; or (ii) the Developer may replace the Grading Security with the full amount of the Escrow Items Surety. The Grading Security and Escrow Items Surety shall be held to insure, among other things, compliance with this Agreement and City Code and policies during construction. The Grading Security shall not be returned to Developer until all disturbed areas have permanent surfacing, buildings or permanent vegetation re-established. In the event permanent surfacing, buildings or vegetation are not placed or re- established upon any disturbed area within the time established therefor by the City, City shall provide written notice of such failure to Developer, and Developer shall cure such default within thirty (30) days thereafter. Developer agrees that, if Developer fails to cure such default within such 30- day period, City is hereby granted permission to enter the Property and use the Grading Security and/or the Escrow Items Surety to place vegetation on said disturbed area in the manner prescribed by the approved landscaping plans, or in any other manner the City reasonably deems appropriate. Developer further agrees that should the Grading Security and/or Escrow Item Surety be insufficient to defray all of City’s costs related to such action, Developer will promptly pay City any additional and reasonable costs related thereto. City shall promptly return any portion of the Grading Security remaining after City has reimbursed itself for all reasonable costs related to City’s placement of vegetation pursuant to this Section.
Financial Guarantee. 19.1. Prior to the issuance of the first invoice, if required by ENEL, the SUPPLIER must submit one or more on first demand financial guarantees in favour of ENEL (according to the model included in the appendix of this Contract subject to local legislation and enforced in the country affected by this Annex, granted by a local high-level Bank or a branch of a foreign bank domiciled there, which has been previously accepted by ENEL, for a minimum value equal 20% of the total Contract value (or any other value expressly indicated therein) to ensure the fulfilment of all the obligations derived from the Contract, including the applicable compensations or penalties attributable to it. In case that another date is established in the Contract, the guarantee or guarantees submitted by the SUPPLIER shall be available up to thirty (30) calendar days after the expiry of the Warranty Period or, if applicable, of the Final Acceptance and, consequently, they shall be returned upon written request by the SUPPLIER and once ENEL has made the relevant discounts and checks. In the case that financial guarantees due to expire on an earlier date are submitted, the SUPPLIER shall extend their validity to meet the required period, renewals shall be carried out with at least forty-five (45) calendar days in advance, otherwise, it will be understood as a contract breach in accordance with clause 16.3.1 m) of the General Part of these General Terms and Conditions of Contract. In the cases in which the SUPPLIER does not submit the guarantees in the required deadlines, and notwithstanding any other legal action that may be instituted, ENEL may opt to terminate the Contract or suspend their effects until the presentation of a guarantee approved by ENEL, as well as accept other equivalent guarantees offered by the SUPPLIER. In any case, ENEL shall be entitled pursuant to law to allocate all payments due to the SUPPLIER until the 10% of the total Contract value is reached as soon as the SUPPLIER fulfils its obligation of submitting the required guarantees.
Financial Guarantee. A. The ACO must have the ability to repay all Shared Losses and Other Monies Owed for which it may be liable under the terms of the Agreement and shall provide a financial guarantee in accordance with terms set forth in Appendix H.
Financial Guarantee. 11.1. In order to secure any potential claims of EUS against the Shipper under this Contract and Individual Contract, the Parties have agreed that Shipper shall provide EUS with and shall maintain the financial guarantee in the form of (i) an irrevocable, unconditional bank guarantee in favour of EUS payable on first demand or (ii) a cash collateral. The financial security shall be provided no later than on June 26, 2019. The bank guarantee shall not expire sooner than two months after the expiration of the last Booked daily transmission capacity. All costs related to this bank guarantee shall be covered by the Shipper. The bank guarantee must be issued, and if relevant confirmed, by a bank with Xxxxx’x long term credit rating of not less than Baa2 or Standard & Poor's BBB. The language of the document is English or Slovak. If the bank guarantee does not cover the overall required period the Shipper shall extend the bank guarantee until 60th day preceding the expiry of the currently valid bank guarantee. Financial guarantee in the form of collateral is payable to the following collateral bank account of EUS: IBAN XX00 0000 0000 0000 0000 0000 with the bank VÚB, a.s., Bratislava branch, SWIFT: XXXXXXXX. Financial guarantee in the form of collateral shall not be considered as a down payment for transmission services. EUS shall return unspent financial resources of the cash collateral without any bank interests to the Shipper not later than two (2) months after the expiration of this Contract.
Financial Guarantee. 30.1 [When the pre-financing requested is equal to or below EUR 300 000 and subject to a positive risk assessment7 by the contracting authority, by derogation from Article 30 of the general conditions no pre-financing guarantee is required.]
Financial Guarantee. If requested by the Company, Contractor shall be obliged to provide a financial guarantee in favour of the Company as indicated in the Agreement, as a guarantee for the obligations arising from the Agreement. The existence of a guarantee does not mean that the Contractor’s liability is limited to the amount or period of validity thereof. If the total value of the Agreement were to increase during its execution, the Company may ask the Contractor to provide a complementary financial guarantee with the same conditions indicated in the preceding sub-clauses. The costs of the financial guarantee shall be borne by Contractor.
Financial Guarantee. 7.1 The Service Provider shall provide to Transnet on or before the Effective Date, a Financial Guarantee in the form agreed to and included in Attachment F. This Financial Guarantee shall be the sum of being 5% (five percent) of the total contract value and shall remain in full force and effect for the duration of the Agreement (including any renewal hereof).
Financial Guarantee. 19.1 Upon request of ENEL, the Supplier shall establish, before the issuance of the first invoice, one or more first-demand payment financial guarantees in favor of ENEL (according to the form attached as an appendix to the Contract, subject to the local legislation and enforceable in the country concerned by this Annex), issued by a local Bank of recognized creditworthiness or by its local branch, if a foreign entity, subject to ENEL’s preliminary acceptance for a minimum amount of 20 % of the total amount of the Contract (or any other amount expressly specified therein) to fulfill the performance of all the obligations arising from the Contract, including the applicable indemnifications or penalties.
Financial Guarantee. With this Assignment and Amendment, Assignee has provided the City with the following Financial Guarantee: Type of Financial Guaranty: Amount: $ Name of Financial Institution or Surety providing Guaranty: Date City first able to call Guaranty (Construction Completion Deadline): If Guaranty is a Letter of Credit or Loan Reserve, then last day City able to call Guaranty is: Additional information:
