PGW Clause Samples
The PGW (Payment Guarantee Wording) clause serves to define the terms under which a party guarantees payment obligations in a contract. Typically, this clause outlines the conditions, scope, and duration of the payment guarantee, specifying who is responsible for payment and under what circumstances the guarantee can be called upon. For example, it may require a parent company to guarantee the payments of its subsidiary or set out the process for making a claim under the guarantee. The core function of the PGW clause is to provide assurance to the receiving party that payment will be made, thereby reducing credit risk and increasing confidence in the transaction.
PGW. PGW may not assign or transfer any of its rights or obligations under this Agreement and/or the Notes without the prior written consent of Agria.
PGW. The Shareholders undertake to take all action required to ensure that the Subsidiary appoints and maintains the appointment of a nominated representative of Ngai Tahu (subject to him or her being eligible and qualified for appointment under the Companies ▇▇▇ ▇▇▇▇ (New Zealand) and the NZSX Listing Rules of NZX Limited) as a director of PGW.
PGW. Borrower's indirect subsidiary PUBLISHERS GROUP WEST INCORPORATED, a California corporation.