Common use of Spain - Guarantee or Deposit Clause in Contracts

Spain - Guarantee or Deposit. (Bail Bond) Subject to the payment of a further additional premium, if as a direct result of an accident occurring in Spain which is or might be the subject of indemnity under this Policy, the Insured and/or the driver of the Insured Vehicle with the Insured’s permission at the time of the accident is detained or of the Insured Vehicle is impounded by the Spanish authorities and a guarantee or monetary deposit is required for their release the Company will furnish such guarantee or deposit not exceeding £1,000 in all provided that such accident and the requirement of such guarantee or deposit occur during the period of validity of an International Motor Insurance Certificate (Green Card) applicable to Spain issued to the Insured by the Company. Immediately the guarantee is released or the deposit becomes recoverable the Insured and/or the driver shall comply with all necessary formalities and give the Company all such information and assistance as it may require to obtain the cancellation of the guarantee or return of the deposit. If the guarantee or deposit is wholly or in part forfeited or taken for the payment of fines or costs in or as the result of any penal proceedings against the Insured and/or the person driving the Insured Vehicle shall repay such amount to the Company on demand.

Spain - Guarantee or Deposit. (Bail Bondbail bond) Subject to the payment of a further additional premium, if as a direct result of an accident occurring in Spain which is or might be the subject of indemnity under this Policy, the Insured and/or the driver of the an Insured Vehicle with the Insured’s permission at the time of the accident is detained or of the an Insured Vehicle is impounded by the Spanish authorities and a guarantee or monetary deposit is required for their release the Company will furnish such guarantee or deposit not exceeding £1,000 in all provided that such accident and the requirement of such guarantee or deposit occur during the period of validity of an International Motor Insurance Certificate (Green Card) applicable to Spain issued to the Insured by the Company. Immediately the guarantee is released or the deposit becomes recoverable the Insured and/or the driver shall comply with all necessary formalities and give the Company all such information and assistance as it may require to obtain the cancellation of the guarantee or return of the deposit. If the guarantee or deposit is wholly or in part forfeited or taken for the payment of fines or costs in or as the result of any penal proceedings against the Insured and/or the person driving the Insured Vehicle shall repay such amount to the Company on demand.

Spain - Guarantee or Deposit. (Bail Bond) Subject to the payment of a further additional premium, if as a direct result of an accident occurring in Spain which is or might be the subject of indemnity under this Policy, the Insured and/or the driver of the an Insured Vehicle with the Insured’s permission at the time of the accident is detained or of the an Insured Vehicle is impounded by the Spanish authorities and a guarantee or monetary deposit is required for their release the Company will furnish such guarantee or deposit not exceeding £1,000 E1300 in all provided that such accident and the requirement of such guarantee or deposit occur during the period of validity of an International Motor Insurance Certificate (Green Card) applicable to Spain issued to the Insured by the Company. Immediately the guarantee is released or the deposit becomes recoverable the Insured and/or the driver shall comply with all necessary formalities and give the Company all such information and assistance as it may require to obtain the cancellation of the guarantee or return of the deposit. If the guarantee or deposit is wholly or in part forfeited or taken for the payment of fines or costs in or as the result of any penal proceedings against the Insured and/or the person driving the Insured Vehicle shall repay such amount to the Company on demand.

Spain - Guarantee or Deposit. (Bail Bond) Subject to the payment of a further additional premium, if as a direct result of an accident occurring in Spain which is or might be the subject of indemnity under this Policy, the Insured and/or the driver of the an Insured Vehicle with the Insured’s permission at the time of the accident is detained or of the an Insured Vehicle is impounded by the Spanish authorities and a guarantee or monetary deposit is required for their release the Company will furnish such guarantee or deposit not exceeding £1,000 in all provided that such accident and the requirement of such guarantee or deposit occur during the period of validity of an International Motor Insurance Certificate (Green Card) applicable to Spain issued to the Insured by the Company. Immediately the guarantee is released or the deposit becomes recoverable the Insured and/or the driver shall comply with all necessary formalities and give the Company all such information and assistance as it may require to obtain the cancellation of the guarantee or return of the deposit. If the guarantee or deposit is wholly or in part forfeited or taken for the payment of fines or costs in or as the result of any penal proceedings against the Insured and/or the person driving the Insured Vehicle shall repay such amount to the Company on demand.