Guarantees and commitments Sample Clauses

Guarantees and commitments. Commercial exchange on their own or on behalf of clients, whether in a stock exchange, in an over-the-counter market or otherwise, of the following:

Guarantees and commitments. (a) The Parties shall cooperate and use their respective reasonable best efforts to cause Buyer or one of its controlled Affiliates to be substituted for Seller and any of Seller’s Affiliates, and for Seller and any of Seller’s Affiliates to be released, effective as of the Closing, in respect of all obligations of Seller and any of Seller’s Affiliates under each of the guarantees, indemnities, letters of credit, letters of comfort, commitments, understandings, agreements and other obligations of such Persons related to any Purchased Asset (collectively, the Substituted Guarantees). (b) In the event that, as of the Closing, Buyer or one of its controlled Affiliates shall not have substituted itself for Seller and any of Seller’s Affiliates under, nor caused Seller and Seller’s Affiliates to be released from, any Substituted Guarantee: (i) the Parties shall continue to cooperate and use such respective reasonable best efforts to cause Buyer or one of its controlled Affiliates to be substituted for Seller and any of Seller’s Affiliates, and for Seller and any of Seller’s Affiliates to be released, in respect of all obligations of Seller and any of its respective Affiliates under any Substituted Guarantee; and (ii) Buyer shall indemnify and hold harmless Seller and Seller’s Affiliates against any Losses that Seller or any of Seller’s Affiliates suffers, incurs or is liable for by reason of or arising out of or in consequence of such Substituted Guarantee.

Guarantees and commitments. The parties hereto declare, guarantee and promise separately, but not jointly: 1、 It is a legal entity formally established and effectively existing in accordance with Chinese law. 2、 It has all, sufficient and rights and authorizations to sign and perform this agreement, and has the capacity to sign this agreement in accordance with Chinese law. 3、 It guarantees that all documents and materials provided by it for the signing of this agreement are true, valid and complete. 4、 The representative who signed this agreement has been fully authorized to sign this agreement based on a valid power of attorney or a valid legal representative certificate.

Guarantees and commitments. The following table presents Lemminkäinen’s g▇▇▇▇▇▇▇▇▇ ▇▇d commitments as at June 30, 2017: As at June 30, 2017 (in EUR millions) (unaudited) Collateral notes of companies included in inventory1 153.4 Pledged assets For own commitments2 3.8 Guarantees On behalf of associates and joint ventures - On behalf of consortiums and real estate companies 0.4 On behalf of others 2 3.8 Investment commitments3 Property, plant and equipment 6.9 Building plots and real estate 32.6 1 Collateral notes for companies included in inventories are given for collateral security for their debts. 2 The guarantees have been granted on behalf of the building construction business in Sweden which was divested on September 1, 2015. The acquiring parties have set a counter-commitment for part of these guarantees. 3 The amounts of presented commitments are minimum commitments based on the contracts. Purchase commitments of property, plant and equipment are machinery investments of Paving and Infra projects segments. Purchase commitments of building plots and real estates are related to business of Building Construction, Finland. Purchase commitments of building plots and real estates might contain contracts with terms for i.e. about enforcement of zoning. For more information on guarantees and contingent liabilities, see the consolidated financial statements for the years ended December 31, 2016, December 31, 2015 and December 31, 2014 incorporated in this Offering Circular by reference. Contingent assets and liabilities Damages related to the asphalt cartel On October 20, 2016, the Court of Appeal of Helsinki gave its decisions in the legal proceedings concerning the damages related to the asphalt cartel. Regarding the 37 claims against Lemminkäinen, Lemminkäinen and other asphalt industry companies are entitled to receive reimbursements in total approximately EUR 20 million (consisting of capital amount of approximately EUR 14 million less as well as interest and legal expenses of approximately EUR 6 million less than according to the decisions of the District Court). Of these reimbursements, Lemminkäinen is ▇▇▇▇▇▇▇▇ ▇▇ receive refunds (based on Lemminkäinen’s own share and those shares of other defendants that Lemminkäinen has ▇▇▇▇) ▇▇ ▇▇tal approximately EUR 19 million consisting of capital as well as interest and legal expenses. Lemminkäinen rec▇▇▇▇▇ ▇▇▇ ▇▇imbursement as income in its fourth-quarter result in 2016. Lemminkäinen has ▇▇ ▇▇▇▇ ▇▇▇med the claims for damages unfounded. ...

Guarantees and commitments. 3.1 Both parties have the legal qualifications of civil subject and corresponding capacity for civil rights and civil conduct, and can enter into and perform this Agreement in their own names and independently bear the legal responsibility; 3.2 The signing and implementation of the Agreement is the actual expression of intention and there is no flaw legally. 3.3 During the signing and implementation of the Agreement, two parties have provided genuine, accurate, integral and valid document and information to each other. Party B assures that it did not conceal any information from Party A with respect to his financial situation and signing capacity.

Guarantees and commitments proposed changes 5.2.1 Survey data - Guarantees and commitments