Purchaser Guarantees. 2.2.1. The Purchaser guarantees that the minimum consideration to be received by Provider for the purchase of Official Documents by Applicants and by the Purchaser during the Concession Period (as may be extended pursuant hereto) (the “Purchaser’s Guaranteed Payments”) shall be the proceeds of the issuance of the Minimum Number of Driver Licenses, as stated in Section 1.1 above. 2.2.1.1. The payments pursuant to this Section 2 shall be made to such bank account designated by Provider and the Purchaser for the said purpose only.
Appears in 2 contracts
Sources: Build, Operate and Transfer (Bot) Agreement (On Track Innovations LTD), Build, Operate and Transfer (Bot) Agreement (On Track Innovations LTD)