SPECIFIC TERMS AND CONDITIONS. the terms and conditions set forth in Annex N1 to the Bank Guarantee Agreement, including any additions and modifications thereto (if any). Force Majeure – acts of God, fire, hostilities, administrative and legal acts and/or other circumstances insurmountable for the Bank and beyond its control, which: a) are not connected with the Bank’s errors or negligence, b) started or developed after issue of the Bank Guarantee and c) affect directly on full and/or proper fulfillment of obligations assumed under the Agreement. Subsidiary – with respect to a Person, any other company at least 50% (fifty percent) of shares, stocks and/or votes of which are owned directly or indirectly or otherwise managed by this Person.
Appears in 9 contracts
Samples: Specific Terms, Specific Terms, Specific Terms
