Government Guarantee. Upon the execution of this Contract by all Parties SOCAR shall procure the execution by the Government of the Guarantee and Undertaking attached hereto as Appendix V. An executed original of the said Guarantee and Undertaking shall be provided to each Contractor Party and shall be included in the executed copy of the Contract to be submitted to the Parliament of the Azerbaijan Republic. Upon ratification and approval of this Contract by the Parliament of the Azerbaijan Republic and publication in the customary manner the Guarantee and Undertaking of the Government shall have the force of law.
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Sources: Joint Development and Production Sharing Agreement, Joint Development and Production Sharing Agreement
Government Guarantee. Upon the execution of this Contract Agreement by all Parties SOCAR shall procure the execution by of the Government of the Guarantee and Undertaking attached hereto as Appendix V. Guarantee. An executed original of the said Government Guarantee and Undertaking shall be provided to each Contractor Party and shall be included in the executed copy of the Contract this Agreement to be submitted to the Parliament of the Azerbaijan Republic. Upon ratification and approval of this Contract Agreement by the Parliament of the Azerbaijan Republic and publication in the customary manner the Government Guarantee and Undertaking of the Government shall have the force of law.
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