Corporate Guarantee definition
Examples of Corporate Guarantee in a sentence
CNH shall issue a declaration of full compliance regarding the obligations of the assignor in a period of time not exceeding thirty (30) Business Days after the approval of the Corporate Guarantee of the assignee by CNH.
Each Party enters into this Contract in its own name and in its own capacity as a legal entity empowered to contract on its own behalf, and recognizes that no other Person shall have any liability or responsibility for the performance of such Party’s obligations hereunder, except for the joint and several liability of the Participating Companies, the joint and several obligation as stated in clause of the Bidding Guidelines and the responsibility of each of the Guarantors under its Corporate Guarantee.
The Corporate Guarantee submitted by the assignor shall remain in force until CNH approves the Corporate Guarantee as provided by this Article 24.4 regarding the obligations of the assignor Participating Company indicated in (a) and (b) above.