Form of Bank Guarantee. 1. Collaterals that are provided in the form of a Bank Guarantee shall comply with the following specifications:
Form of Bank Guarantee. THIS BANK GUARANTEE is issued on this [day] day of [month] [year] by [Bank’s details to be inserted] (the “Guarantor”) in favour of Trans Austria Gasleitung GmbH, a company organised and existing under the laws of Austria having its registered offices at Xxxxxxx Xxxxxxxxxxxx 000, X-0000 Xxxxxx (together with its successors and permitted assignees “TAG”). [Bank Name to be added] herewith declares to have a Rating equal or higher than Baa3 Xxxxx’x or equivalent Standard & Poor’s or Fitch at the date of issue of this Bank Guarantee.
Form of Bank Guarantee. The Hon. Minister Ministry of Energy, Commerce, Industry and Tourism 1421 Nicosia CYPRUS Our Letter of Guarantee No.: …………….. In consideration of your having contracted by way of an Exploration and Production Sharing Contract dated............................ (hereinafter called “the Contract”) with , a company formed and existing in accordance with the laws of (hereinafter called “the Contractor”) for the execution of the minimum work obligations (the “Obligations”) of the Period ( the “Applicable Term”) as identified in accordance with Article of Annex D of the Contract, the value of which for purposes of this Guarantee is calculated in accordance with Article 4.2.8 of the Contract at € (in words: Euro) and since it being a condition of the Contract that a bank guarantee be established. We, the undersigned bank, waiving all objections and defences under the aforesaid Contract, hereby irrevocably, unconditionally and independently guarantee to pay to you without delay on first written demand any amount claimed by you up to the extent of € (in words: Euros) against your written declaration that the Contractor has failed to perform the Obligations with respect to the Applicable Term as set out in Annex D of the Contract, in accordance with its provisions and has failed to make the payment to the Republic of Cyprus as provided in Article 4.2.9 of the Contract. It is understood that any change, modification, addition or amendment, which may be made to the terms and conditions of the Contract or to the payment to be made on account thereof or any extension of the time of performance of the works or any composition or settlement shall not in any way release us from our irrevocable and unconditional continuing liability hereunder and we hereby expressly waive our right to consent to, or to receive notice of, any such change, modification, addition, composition, settlement or forbearance. This Guarantee for the Obligations with respect to the Applicable Term is unconditional and irrevocable and will be discharged not later than thirty (30) days following the date of completion of such Obligations (“Expiry”), and in any event upon issue of the Exploitation Licence as provided for under the Contract, by which date we must have received any claim by hand delivery or by registered mail or by cable. All stamp duty payable to the Republic of Cyprus under this Guarantee, shall be borne by the Contractor without reference and/or recourse to the Republic. This Guarantee s...
Form of Bank Guarantee. Instructions: This Guarantee is to be typed on the Bank’s letterhead and submitted together with the Proposal. To: Singapore Tourism Board Tourism Court 1 Xxxxxxx Xxxxxx Xxxx Xxxxxxxxx 000000 (hereinafter called “STB”).
Form of Bank Guarantee. 1. In consideration of the Government of Sierra Leone represented by the Director General of the Petroleum Directorate (hereinafter referred to as “the State”) having entered into a Petroleum Licence for the block dated (hereinafter referred to as “Licence”, which expression shall include all the amendments agreed to between the State and the Licensee, thereto), with M/s having its registered office at _ (hereinafter referred to as “Licensee”, which expression unless repugnant to the context or meaning thereof include all its successors, administrators, executors and assigns), and the State have agreed that the Licensee shall furnish to the State, a bank guarantee (hereinafter referred to as “Guarantee”) towards its minimum financial obligations as provided in the Contract for US$(XXX) for the performance of its obligations under the Licence.
Form of Bank Guarantee. [Entry/Exit] Standard Capacity Contract (Assignment)[Code to be inserted] be tween TAG GmbH and [System User to be inserted]
Form of Bank Guarantee. 16 Article 20 Validity and renewal of the Bank Guarantee 18 Article 21 Credit Limit 18 Article 22 Modifications of the collaterals 19
Form of Bank Guarantee. The Hon. Minister Ministry of Energy, Commerce, Industry and Tourism 1421 Nicosia CYPRUS Our Letter of Guarantee No. …………….. In consideration of your having contracted by way of an Exploration and Production Sharing Contract dated............................ (hereinafter called “the Contract”) with , a company formed and existing in accordance with the laws of (hereinafter called “the Contractor”) for the execution of the minimum work obligations (the “Obligations”) of the Period ( the “Applicable Term”) as identified in accordance with article of Annex D of the Contract, the value of which for purposes of this Guarantee is calculated in accordance with Article 4.2.8 of the Contract at € (in words: condition of the Contract that a bank guarantee be established. Euro) and since it being a We, the undersigned bank, waiving all objections and defences under the aforesaid Contract, hereby irrevocably, unconditionally and independently guarantee to pay to you without delay on first written demand any amount claimed by you up to the extent of €
Form of Bank Guarantee. [Date] To: 1. Energy Infrastructures Ltd.
Form of Bank Guarantee. (To be executed on Non-Judicial Stamp Paper of Rs.100/- by the successful tenderer)
