Parent Company Guarantee Clause Samples
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Parent Company Guarantee. [Ref Guidance Notes – The Departments’ default position is to request completion of this Schedule in all cases where a Parent Company exists unless, by exception, CD Finance Team have given their express consent to waive this requirement. Such exceptions will, however, be rare.]
Parent Company Guarantee. (If Applicable)
Parent Company Guarantee. 17.1.1 If the User does not have an Acceptable Credit Rating as at the Effective Date, the User shall cause an Acceptable Guarantor to execute and deliver to the Operator a Parent Company Guarantee on the Effective Date.
17.1.2 If the User has an Acceptable Credit Rating as at the Effective Date but, at any time after the Effective Date, the User subsequently ceases to have an Acceptable Credit Rating, the User shall forthwith cause an Acceptable Guarantor to execute and deliver to the Operator a Parent Company Guarantee.
17.1.3 If neither the User nor any Affiliate of the User has an Acceptable Credit Rating as at the Effective Date, the User shall cause a Guarantor acceptable to the Operator (acting reasonably) to execute and deliver to the Operator a Parent Company Guarantee on the Effective Date.
Parent Company Guarantee. Upon execution of this CONTRACT, the CONTRACTOR shall deliver to the COMPANY a PARENT COMPANY GUARANTEE from the company named in Appendix 1 to Section I – Form of Agreement for proper performance of its obligations under this Contract. The CONTRACTOR shall maintain in force the PARENT COMPANY GUARANTEE for the duration of its liability under this CONTRACT.
Parent Company Guarantee. 31.1 In part consideration of BA entering into this Agreement at the request of the Guarantor and in consideration of the sum of L1 (receipt of which is hereby acknowledged) the Guarantor hereby unconditionally and irrevocably guarantees the full, prompt and complete performance and observance by Hawker of all its obligations, commitments, undertakings, warranties and indemnities under or pursuant to this Agreement and any document entered into pursuant to the terms of this Agreement (the "Guaranteed Obligations") which are stated to be binding on Hawker including, without limitation, the due and punctual payment of all sums now or subsequently payable by Hawker hereunder when the same shall become due and the Guarantor undertakes with BA to indemnify BA against all losses which BA may suffer through or arising from any breach by Hawker. If and whenever Hawker defaults for any reason whatsoever in the performance of any of the Guaranteed Obligations the Guarantor shall forthwith upon demand unconditionally perform (or procure performance of) and satisfy (or procure the satisfaction of) the Guaranteed Obligations in regard to which such default has been made in the manner prescribed by this Agreement and so that the same benefits shall be conferred on BA as it would have received if the Guaranteed Obligations had been duly performed and satisfied by Hawker.
31.2 The guarantee contained in Clause 31.1 is a continuing guarantee and shall remain in force until all the Guaranteed Obligations have been fully performed and all sums payable by Hawker have been fully paid. This guarantee is in addition to and without prejudice to and not in substitution for any rights or security which BA may now or hereafter have or hold for the performance and observance of the Guaranteed Obligations.
31.3 The obligations of the Guarantor shall not be affected by any act, omission, matter or thing which, but for this provision, might operate to release or otherwise exonerate the Guarantor from his ------------------------------------------------------------------------------- 26 obligations or affect such obligations, including without limitation and whether or not known to the Guarantor:
31.3.1 any time, indulgence, neglect, delay, waiver or consent at any time given to Hawker or any other person;
31.3.2 any compromise or release of or absentation from perfecting or enforcing any right or remedies against Hawker or any other person;
31.3.3 any legal limitation, liability, disabi...
Parent Company Guarantee. InfoNote To be inserted when instructed by CD Finance Team] THIS DEED is dated [DATE]
Parent Company Guarantee. 18.1 Where stipulated in the Contract Particulars the Contractor shall procure the delivery of a parent company guarantee substantially in the form contained in Schedule 8.
Parent Company Guarantee. Vendor shall procure for the benefit of Owner a guaranty substantially in the form of Exhibit F from BrightSource Energy, Inc. guaranteeing Vendor’s performance of its obligations under this Agreement.
Parent Company Guarantee. 8.3.1 To secure the due and punctual performance by the Operator of its obligations under the Contract, the Operator has prior to Contract Signing provided to the DEA an unconditional and irrevocable on-demand Parent Company Guarantee issued by the Ultimate Parent Company of the Operator – if any – in favour of the DEA, unless the Ultimate Parent Company has assumed joint and several liability with the Operator in regard to the due and punctual performance of the obligations under the Contract, see clauses 8.3.2, 13.1.4 and 16.2, or if the Operator is a partnership (in Danish: “interessentskab") where the owners are jointly and severally liable with the Operator for the Oper- ator’s obligations.
8.3.2 The Operator is not required to provide the DEA with the Parent Company Guarantee prior to the Contract Signing if the Ultimate Parent Company in connection with the conclusion of the Contract assumes joint and several liability with the Operator in regard to the due and punctual performance of the obligations under the Contract by the Ultimate Parent Company’s co-signature to the Con- tract, see clause 23.5.
8.3.3 The Parent Company Guarantee shall be in the form of Appendix 12, Model parent company guar- ▇▇▇▇▇) and shall cover any type of claim raised by the DEA, including but not limited to claims for Penalties, repayment and reduction of Subsidies and damages.
8.3.4 If the Operator is a consortium or other form of association of entities, each member of the consor- tium or association shall ensure the issuance of such a Parent Company Guarantee according to the rules in this clause (i.e. if the consortium consists of two (2) parties, two (2) Parent Company Guarantees shall be issued, unless the members of the consortium have the same Ultimate Parent Company).
8.3.5 If the Operator is the Ultimate Parent Company, the Parent Company Guarantee shall be consid- ered provided (i.e. the Parent Company Guarantee is in place by definition).
8.3.6 If a Parent Company Guarantee is issued, the Parent Company Guarantee shall remain in force until the date on which the DEA confirms in writing that the Operator’s obligations under the Con- tract have been fully discharged.
8.3.7 The DEA shall return the Parent Company Guarantee to the Operator no later than fifteen (15) Business Days after the criteria for release, see clause 8.3.6, of the Parent Company Guarantee has been fulfilled.
Parent Company Guarantee. This Annex is an integral part of this Contract between the Republic of Equatorial Guinea and the Contractor. THIS GUARANTEE is made on this [insert day] of [insert month and year]