Demand Guarantee definition

Demand Guarantee means an on-demand bank guarantee from a reputable South African financial institution approved by the CSIR, and in the form and on the terms approved by the CSIR;
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Demand Guarantee has the meaning assigned thereto under the URDG, and unless the context requires otherwise includes a counter-guarantee.
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Demand Guarantee means the demand guarantee dated on or about 13 December 2013 issued by China Export & Credit Insurance Corporation, Hebei Branch;
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Examples of Demand Guarantee in a sentence

  • This guarantee is subject to the Uniform Rules for Demand Guarantee URDG 2010 Revision No 758.

  • Upon a Capacity Agreement being entered into between the Applicant and the Operating Company, the Applicant shall promptly serve upon the Approved Issuing Institution the notice referred to in such undertaking and shall procure that the Approved Issuing Institution issue such First Demand Guarantee in accordance with the terms of such undertaking.

  • Tendered Amount : ……………………………………………………………………….Demand Guarantee will be provided by this Bank(NOT APPLICABLE): YES □ NO □ If yes, state amount of Demand Guarantee: R ………………………………………………………Financial Institution Name of Commercial Bank : ……………………………………………………………………….

  • This guarantee shall be governed and construed in accordance with the laws of the ( Name of the Country) and is governed by the United Rule for Demand Guarantee (URDG) (ICC Publication No.758) and shall be subject to exclusive Jurisdiction of the (Name of the Country) Courts.

  • Wherever a joint venture constitutes the contracting party, the Demand Guarantee shall be issued on behalf of the joint venture.

  • Annex No. 3: Bid Bond BID BONDForm of Demand Guarantee under URDG 758 [Guarantor Letterhead or SWIFT identifier code]To: ELES, d.o.o., Hajdrihova 2, 1000 Ljubljana, Slovenia Date: (Insert date of issue) TYPE OF GUARANTEE: (Specify tender guarantee, bid bond, etc.) GUARANTEE NO.

  • Not ApplicableGCC 18.3If required, the Performance Security shall be in the form of a Demand Guarantee from a bank recognized by the Central Bank of Kenya.If required, the Performance security shall be denominated in Kenya Shillings.

  • Key Activity No. Three Form of Bid Security (Demand Guarantee) Beneficiary: Invitation for Bids No: Date: BID GUARANTEE No.: Guarantor: We have been informed that (hereinafter called "the Bidder") has submitted or will submit to the Beneficiary its bid (hereinafter called "the Bid") for the execution of under Invitation for Bids No. (“the IFB”).

  • Each Applicant and each User providing a First Demand Parent Company Guarantee or, as the case may be, a First Demand Guarantee pursuant to this clause 10 will at the same time provide to the Operating Company, or procure the provision of, reasonable evidence that such guarantee has been issued and authorised by the appropriate representative(s) of the Parent Company or Approved Issuing Institution, as the case may be.

  • In the event the District’s annual allocation of TSS funds exceeds the salary payments made, the District will recalculate the TSS schedule in June and any excess TSS funds or deficit for the current year will be carried to the next year and an appropriate adjustment made in the TSS allocation for the following year.

Related to Demand Guarantee

  • Bid guarantee means the bid bond, cashier's check or certified check submitted as part of the bid proposal, payable to the contracting unit, ensuring that the successful bidder will enter into a contract.

  • Permitted SBIC Guarantee means a guarantee by the Borrower of Indebtedness of an SBIC Subsidiary on the SBA’s then applicable form, provided that the recourse to the Borrower thereunder is expressly limited only to periods after the occurrence of an event or condition that is an impermissible change in the control of such SBIC Subsidiary (it being understood that, as provided in clause (s) of Article VII, it shall be an Event of Default hereunder if any such event or condition giving rise to such recourse occurs).

  • Parent Guarantee means the guarantee by Parent Guarantor of the obligations of the Issuer under this Indenture and the Securities in accordance with the provisions of this Indenture.

  • Guarantee means a guarantee (other than by endorsement of negotiable instruments for collection in the ordinary course of business), direct or indirect, in any manner (including letters of credit and reimbursement agreements in respect thereof), of all or any part of any Indebtedness or other obligations.

  • CONSTRUCTION GUARANTEE means a guarantee at call obtained by the contractor from an institution approved by the employer in terms of the employer's construction guarantee form as selected in the schedule

  • Subsidiary Guarantee means the guarantee of the Notes by each Subsidiary Guarantor under this Indenture.

  • Guaranty means, with respect to any Person, any obligation (except the endorsement in the ordinary course of business of negotiable instruments for deposit or collection) of such Person guaranteeing or in effect guaranteeing any indebtedness, dividend or other obligation of any other Person in any manner, whether directly or indirectly, including (without limitation) obligations incurred through an agreement, contingent or otherwise, by such Person:

  • Subsidiary Guaranty Agreement means each unconditional guaranty agreement executed by the Subsidiary Guarantors in favor of the Administrative Agent for the ratable benefit of the Secured Parties, substantially in the form of Exhibit H, as amended, restated, supplemented or otherwise modified from time to time.

  • Swap Guarantee If so specified in the Supplement with respect to any Series, the guarantee issued by the Swap Guarantor in favor of the Trust substantially in the form attached as an exhibit to the Swap Agreement.

  • Subsidiary Guarantee Agreement means the Subsidiary Guarantee Agreement, substantially in the form of Exhibit I, made by the Subsidiary Guarantors in favor of the Collateral Agent for the benefit of the Secured Parties.

  • Guaranty Agreement means an agreement executed by the Guarantors in substantially the form of Exhibit F-2 unconditionally guarantying on a joint and several basis, payment of the Indebtedness, as the same may be amended, modified or supplemented from time to time.

  • Subsidiary Guaranty means the Subsidiary Guaranty made by the Subsidiary Guarantors in favor of the Administrative Agent and the Lenders, substantially in the form of Exhibit G.

  • Limited Guarantee has the meaning set forth in the Recitals.

  • Capital Securities Guarantee means the guarantee agreement that the Company enters into with Wilmington Trust Company, as guarantee trustee, or other Persons that operates directly or indirectly for the benefit of holders of Capital Securities of the Trust.

  • Note Guarantee means the Guarantee by each Guarantor of the Issuer’s obligations under this Indenture and the Notes, executed pursuant to the provisions of this Indenture.

  • Guarantee Test(s means the test(s) specified in the Technical Specifications to be carried out to ascertain whether the Facilities or a specified part thereof is able to attain the Functional Guarantees specified in the Technical Specifications in accordance with the provisions of GCC Sub-Clause 20.2.1 (Guarantee Test) hereof during/after successful Commissioning followed by Trial - Operation.

  • Refund Guarantee means a, or if more than one, each refund guarantee arranged by the Yard in respect of a Pre-delivery Installment and provided by one or more financial institutions contemplated by the Construction Contract, or by other financial institutions reasonably satisfactory to the Lead Arrangers, as credit support for the Yard’s obligations thereunder.

  • Completion Guaranty means the Completion Guaranty of even date herewith executed by Guarantor in favor of Lender in connection with the Capital Improvement Work and the Loan, as amended from time to time.

  • Corporate Guarantee means a guarantee of the obligations of the Borrowers under this Agreement and the other Finance Documents to which each Borrower is a party, in the Agreed Form;

  • Common Securities Guarantee means the guarantee agreement to be dated as of [ ] of the Sponsor in respect of the Common Securities.

  • Parent Company Guarantee means a parent company guarantee to be delivered by the Supplier pursuant to Clause 5.6;

  • Guaranteed Agreement means the Framework Agreement and each Call-Off Contract made between the Supplier and each Other Contracting Body;

  • Company Guaranty means the Company Guaranty made by the Company in favor of the Administrative Agent and the Lenders, substantially in the form of Exhibit F.

  • Preferred Securities Guarantee means any guarantee that the Company may enter into with the Trustee or other Persons that operates directly or indirectly for the benefit of holders of Preferred Securities.

  • Canadian Guarantee means the Canadian Guarantee Agreement, made by each of the Canadian Guarantors in favor of the Canadian Administrative Agent for the benefit of the Lenders to the Canadian Borrower, substantially in the form of Exhibit A-1, as the same may be amended, supplemented or otherwise modified from time to time.

  • Guaranty and Collateral Agreement means the Guaranty and Collateral Agreement dated as of the date hereof executed and delivered by the Loan Parties, together with any joinders thereto and any other guaranty and collateral agreement executed by a Loan Party, in each case in form and substance satisfactory to the Administrative Agent.