Standard Form Bank Guarantee Sample Clauses

Standard Form Bank Guarantee. Bank guarantee on first demand issued by bank XXX for the benefit of YYY. To: Xxxx Transmission Belgium S.A./N.V., a company established under Belgian law, whose registered offices are located at 0000 Xxxxxxxx, Keizerslaan 20, company registration number 0731.388.378. Our payment guarantee references <> (to be mentioned in all your correspondence); Our client (name and address of the Belgian instructing party) has informed us of the fact that it has entered into a connection contract with you (reference and date of the contract) with regard to the connection to the Xxxx Grid. This contract provides inter alia for the issuance of an irrevocable bank guarantee on first demand for an amount of (EUR and amount in numbers) to serve as a guarantee for the payment obligations of our client. Therefore, we, bank XXX, provide you with an irrevocable and unconditional guarantee up to a maximum amount of (currency and amount of the guarantee in numbers and letters) at your first demand and without any possibility to dispute the merits of this demand. This guarantee shall enter into force as of today. The demand for payment under this guarantee shall only be valid if the following requirements are met: In case the guarantee is to be sent abroad / or for the benefit of identification, every demand for payment shall occur via a bank confirming that the signatures on your demand letter bind you validly; Every demand for payment shall us on (date of expiry of the guarantee); and Every demand for payment shall be accompanied by your written declaration that (name of the instructing party) has not complied with the obligations under the connection contract and did not pay the amounts due, notwithstanding that you, as a supplier, delivered the services in accordance with the contract; Every demand for payment shall be accompanied by a copy of the unpaid invoice(s) and a copy of your formal notice. In case the demand for payment does not comply with the aforementioned requirements or has been made without any approved delivery of this guarantee, this guarantee shall be declared null with effect from the first calendar day following (date of expiry of the guarantee). This guarantee is governed by and interpreted in accordance with Belgian law and only the Belgian tribunals and courts shall be competent to resolve any disputes with regard to this guarantee. Appendix 9: Plans and schemes • Boundaries of property – Boundaries of the terrain – Connection Point – Point of Interface ...
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Related to Standard Form Bank Guarantee

  • Bank Guarantee In addition to the Common Articles, it is specified that: In order to guaranty the proper execution of its contractual obligations pursuant to the Contract and/or Order(s), the Supplier shall issue in favor of the Purchaser a first demand and irrevocable performance bond from a first class bank or other financial institutes agreed by the Purchaser, to guaranty good performance by the Supplier of its obligations under the Contract. The Supplier shall issue the bond within thirty (30) days after issuance of the SPC or of the Order. Each performance bond shall amountto fifteen per cent (15%) of the total value of the concerned SPC and / or Order. Each performance bond shall expire when the relevant services have been fully performed in compliance with the Contract.

  • Performance Bank Guarantee 4.2.1 The Performance Bank Guarantee furnished by Power Producer to GUVNL shall be for guaranteeing the commissioining / commercial operation of the project up to the Contracted Capacity within SCOD.

  • Performance/Bid Bond and Letter Of Credit There are no bonds required for the Contract resulting from this Solicitation. In accordance with Appendix B, section 45, Performance/Bid Bond, the Commissioner of OGS has determined that no performance, payment or Bid bond, or negotiable irrevocable letter of credit or other form of security for the faithful performance of the Contract shall be required at any time during the initial term, or any renewal term, for the resulting Contract and Authorized User Agreements.

  • Return of Performance Bank Guarantee Payment on Order Instrument

  • Money Back Guarantee If we provide a money back guarantee ("MBG") for your Service, it will begin on your Service Ready Date. During this MBG period you may cancel your Service and receive a full refund of all monthly, one-time and equipment charges paid to Verizon (provided you return all Equipment in good working condition). If you fail to return the Equipment, an unreturned Equipment fee will apply. ETFs will not apply to Service terminated within the MBG period. The MBG does not apply to customers who change between or renew bundle, monthly, term or other pricing plans. The MBG is limited to one per Subscriber per Service type per Service address.

  • Security Policy for Contractors 1. The Department for Work and Pensions treats its information as a valuable asset and considers that it is essential that information must be protected, together with the systems, equipment and processes which support its use. These information assets may include data, text, drawings, diagrams, images or sounds in electronic, magnetic, optical or tangible media, together with any Personal Data for which the Department for Work and Pensions is the Data Controller.

  • Lodgement of SWS wage assessment agreement C.6.1 All SWS wage assessment agreements under the conditions of this schedule, including the appropriate percentage of the relevant minimum wage to be paid to the employee, must be lodged by the employer with Fair Work Australia.

  • Letters of Reprimand Letters of reprimand are to be removed from an Employee’s personnel file after twelve (12) months from the date of discipline, provided that the Employee has remained discipline free during that period, except in the case of incidents involving residents in which case the record will remain on file if the complaint is not reversed through settlement or arbitration. Leaves of absence in excess of thirty (30) continuous calendar days will not count towards the twelve (12) month period noted above.

  • Standby Letter of Credit To ensure payment by Seller of all costs and expenses incurred by Company (i) in excess of the Total Estimated Interconnection Cost paid in connection with the Company-Owned Interconnection Facilities to be provided and/or constructed by Company described in Section 3 (Seller Payment To Company for Company-Owned Interconnection Facilities and Review Of Facility) of this Attachment G (Company-Owned Interconnection Facilities), and (ii) if applicable, in excess of the Total Estimated Relocation Costs paid in connection with the relocation of the Company-Owned Interconnection Facilities as provided in Section 5 (Relocation of Company-Owned Interconnection Facilities) of this Attachment G (Company-Owned Interconnection Facilities), Seller shall obtain an Irrevocable Standby Letter of Credit with no Documentary Requirement ("Standby Letter of Credit") in accordance with the requirements of Section 6(b) (Requirements of the Standby Letter of Credit) of this Attachment G (Company-Owned Interconnection Facilities), wherein Company shall receive payment from the bank upon request by Company.

  • Letters of Credit for Payment Bond Notwithstanding the provisions of B4.3, Purchaser may use letters of credit in lieu of a surety bond for payment bond purposes when approved by Contracting Officer.

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