Guarantee Schedule Clause Samples
A Guarantee Schedule is a contractual provision that outlines the specific terms, amounts, and timing of guarantees provided by one party to another. It typically details the obligations covered by the guarantee, the duration for which the guarantee is valid, and any conditions or milestones that trigger the guarantee. For example, it may specify that a guarantor will cover payment defaults up to a certain amount or for a defined period. The core function of a Guarantee Schedule is to provide clear, organized information about the scope and limits of guarantees, thereby reducing ambiguity and ensuring both parties understand their rights and obligations.
Guarantee Schedule. The number of employees entitled to a minimum guarantee of hours of twenty-eight (28) hours, twenty-four (24) hours, or twenty (20) hours, is to be calculated according to a formula. For example: Eligible Employees Number in Group 28 Hour Guarantee 24 Hour Guarantee 20 Hour Guarantee
Guarantee Schedule. Subject to the terms in the Agreement and the Management Agreement and during the Rental Guarantee Period, the Property Manager agrees to pay the Owner in accordance with Schedule A.