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;
View Source
Demand Guarantee has the meaning assigned thereto under the URDG, and unless the context requires otherwise includes a counter-guarantee.
View Source
Demand Guarantee means the demand guarantee dated on or about 13 December 2013 issued by China Export & Credit Insurance Corporation, Hebei Branch;
View Source

Examples of Demand Guarantee in a sentence

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

  • The termination shall take effect 28 days after the later of the dates which the Contractor receives this written notice or the Employer returns the Demand Guarantee.

  • This On Demand Guarantee (“Guarantee”) is made the [________] day of [________] 20[________] with effect from the [________] day of [________] 20[________] between [________], a company incorporated under the laws of [________] whose registered address is at [________] (the “Guarantor”) and [________], a company incorporated under the laws of [________], whose registered address is at [________] (the “Beneficiary”).

  • The terms of the Demand Guarantee shall stipulate that the CSIR will be entitled to claim under the Demand Guarantee in respect of a breach of any of the Supplier’s obligations in terms of the Agreement.

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

  • The Demand Guarantee shall be issued by an entity subject to the approved of the Employer, and shall conform in all respects to the format contained in the Contract Data.

  • The security to be provided by the Contractor shall be a Demand Guarantee of 10% of the Contract Sum.

  • This On Demand Guarantee (“Guarantee”) is made the [ ] day of [ ] 20[ ] with effect from the [ ] day of [ ] 20[ ] between [ ], a company incorporated under the laws of [ ] whose registered address is at [ ] (the “Guarantor”) and [ ], a company incorporated under the laws of [ ], whose registered address is at [ ] (the “Beneficiary”).

  • The Membership Fee amount shall be used as a deposit towards Minimum Demand Guarantee and in case of demand falling short of 30% of the installed capacity (480 KLD) in any financial year, the Concessionaire has the right to collect the shortfall from Membership Fee.

  • Any claim by the Guarantor vis-a-vis the Borrower as a result of any payment under the First Demand Guarantee shall be deemed fully subordinated to the Lenders’ claims against the Borrower under the Finance Documents.