NO CROWN GUARANTEE Clause Samples
The No Crown Guarantee clause establishes that the obligations or liabilities under the contract are not guaranteed by the Crown (the government or the state). In practice, this means that if a party to the contract fails to meet its commitments, the government is not responsible for covering any losses or fulfilling those obligations. This clause is commonly used in contracts involving public sector entities to clarify that the government does not provide a financial backstop. Its core function is to prevent any assumption that the state will intervene or provide compensation, thereby allocating risk solely to the contracting parties.
NO CROWN GUARANTEE. The obligations and liabilities of the [Acceding Party and] Issuer under this deed and the Notes Subscription Agreement are not guaranteed by the Crown. [Note: Delete reference to Acceding Party if CCO is acceding as no equivalent to section 122 of the Act for CCO.]
NO CROWN GUARANTEE. 17.1 The parties acknowledge that the obligations and liabilities of the Issuer under this agreement are not guaranteed by the Crown. Local Authority name: Details for notices: Auckland Council Delivery Address: ▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Auckland Central 1010 Postal Address: Private Bag ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇ Fax: (▇▇) ▇▇▇ ▇▇▇▇ Email: ▇▇▇▇.▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇.▇▇ Attention: ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, Group Treasurer Bay Of Plenty Regional Council Delivery Address: ▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Postal Address: P O Box 364 Whakatāne 3158 0800 884 882 Email: ▇▇▇.▇▇▇▇▇▇@▇▇▇▇▇.▇▇▇▇.▇▇ Attention: ▇▇▇▇▇ TrottMat ▇▇▇▇▇▇ Christchurch City Council Delivery Address: Civic Offices ▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ Postal Address: P O Box 73016 Christchurch 8154 Fax: ▇▇ ▇▇▇ ▇▇▇▇ Email: ▇▇▇▇▇▇▇▇@▇▇▇.▇▇▇▇.▇▇ Attention: ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ City Council Delivery Address: ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Council Building Garden Place Hamilton 3240 Postal Address: Private Bag 3010 Hamilton 3240 Fax: ▇▇ ▇▇▇ ▇▇▇▇ Email: ▇▇▇▇▇.▇▇▇▇▇▇@▇▇▇.▇▇▇▇.▇▇ Attention: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ District Council Delivery Address: ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ East Hastings 4122 Postal Address: Private Bag 9002 Hastings 4156 Fax: ▇▇ ▇▇▇ ▇▇▇▇ Email: ▇▇▇▇▇▇@▇▇▇.▇▇▇▇.▇▇ Attention: ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ District Council Delivery Address: ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇ Postal Address: PO Box 444 Masterton 5840 Fax: ▇▇ ▇▇▇ ▇▇▇▇ Email: ▇▇▇▇▇▇@▇▇▇▇.▇▇▇▇.▇▇ Attention: ▇▇▇▇▇ ▇▇▇▇▇ Manager Finance New Plymouth District Council Delivery Address: Liardet St New Plymouth Postal Address: Private Bag 2025 New Plymouth 4342 Fax: ▇▇ ▇▇▇ ▇▇▇▇ Email: ▇▇▇▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇▇.▇▇ / ▇▇▇▇▇.▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇▇.▇▇ Attention: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇ / ▇▇▇▇▇ ▇▇▇▇▇▇▇ OtorohangaŌtorohanga District Council Delivery Address: ▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇ Postal Address PO Box 11 OtorohongaŌtorohanga 3940 Fax: ▇▇ ▇▇▇ ▇▇▇▇ Email: ▇▇▇▇▇▇▇@▇▇▇▇▇.▇▇▇▇.▇▇ Attention: ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ District Council Delivery Address: ▇ ▇▇▇▇▇▇ ▇▇▇▇ Drive Rolleston Postal Address: P O Box 90 Rolleston 7643 Fax: ▇▇ ▇▇▇ ▇▇▇▇ Email: ▇▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇▇▇.▇▇ Attention: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇ South Taranaki District Council Delivery Address: ▇▇▇-▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ Postal Address: Private Bag 902 Hawera 4640 Fax: ▇▇ ▇▇▇ ▇▇▇▇ Email: ▇▇▇▇▇.▇▇▇▇▇@▇▇▇▇.▇▇▇▇.▇▇ Attention: ▇▇▇▇▇ ▇▇▇▇▇ Tasman District Council Delivery Address: ▇▇▇ ▇▇▇▇▇ ▇▇▇▇...
NO CROWN GUARANTEE. No obligation of the Issuer under or in respect of this Agreement is guaranteed by His Majesty the King in right of New Zealand.
NO CROWN GUARANTEE. The obligations and liabilities of the Acceding Party and Issuer under this deed and the Notes Subscription Agreement are not guaranteed by the Crown.
NO CROWN GUARANTEE. Each Noteholder acknowledges that the obligations and liabilities of the Issuer under the Notes are not guaranteed by the New Zealand Crown. 1. Interpretation 1 2. Direct Rights 2 3. Evidence 3 4. Deposit of Deed 3 5. Covenants 3
NO CROWN GUARANTEE. 17.1 The parties acknowledge that the obligations and liabilities of the Issuer under this agreement are not guaranteed by the Crown.