Common use of Form of the Bank Guarantee Clause in Contracts

Form of the Bank Guarantee. of the Contract. In case of Party A, as with the provisions of § 13.3 (Payment Netting) of the EFET Agreement Party A is to be paid under the Contract, if the assignee of Party A is an Affiliate of Party A, then Parties agree that such assignee needs not to prove to be financially sound. For avoidance of doubt a partial assignment of the Agreement shall not be permitted.”

Appears in 6 contracts

Samples: Logistic Swap Agreement, Logistic Swap Agreement, Logistic Swap Agreement

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