Financial guarantee definition

Financial guarantee means a performance bond, maintenance bond, surety bond, irrevocable letter of credit, or similar guarantees submitted to the [administering authority] by the responsible party to assure that requirements of the ordinance are carried out in compliance with the storm water management plan.
Financial guarantee means a formal written confirmation from a Sponsor that they will be responsible for part or full payment of any of a Student’s Accommodation, Tuition and/or Other Fees;
Financial guarantee means a bond, security, letter of credit, etc. provided by the Owner to serve as a payment source should the Owner fail to meet the obligations and requirements of the approved Sediment and Stormwater Management Plan.

Examples of Financial guarantee in a sentence

  • SECTION ELEVEN – COMPENSATORY PENALTY FOR DEFAULT OF THE MINIMUM EXPLORATION PROGRAM AND FINANCIAL GUARANTEE Default of the Minimum Exploration Program and Provision of Financial Guarantee In the event of full or partial default of the Minimum Exploration Program, the Contractor may not proceed with the Production Phase and shall be required to pay to the Contracting Party the amount set forth in Annex II per activity defaulted, as compensatory penalty.

  • SECTION ELEVEN – COMPENSATORY PENALTY FOR DEFAULT OF THE MINIMUM EXPLORATION PROGRAM AND FINANCIAL GUARANTEE Default of the Minimum Exploration Program and Provision of Financial Guarantee In the event of full or partial default of the Minimum Exploration Program, the Contractor may not proceed with the Production Phase and shall be required to pay to the Contracting Party the amount set forth in ANNEX II per activity defaulted, as compensatory penalty.

  • There are two alternative Participation Commitment Mechanisms under the Model (Financial Guarantee Participation Commitment Mechanism or Retention Withhold Participation Commitment Mechanism).

  • Liability upon this Land Reclamation Financial Guarantee shall continue for the duration of the mining activity, including its reclamation as provided in the Law, the regulations and the conditions of the permit, at the operation conducted hereunder and for a period of five (5) years thereafter, unless released in whole or in part by the Department prior thereto, as provided by the law.

  • Initial Work Program Area km² PTI (No. of activities) «area_marginal accumulation» «area_km2» «pti» Total Amount of the Initial Work Program and Financial Guarantee Price of the PTI (R$) Price of the Guarantee of the PTI (R$) «price_pti» («price_pti_in words») «guarantee_pti» («guarantee_pti_in words») Legend: AT1 – Reentry in xxxxx aiming at rehabilitating the production; AT2 – Extended Well Test; AT3 – Formation Test; AT4 – 2D Seismic Reinterpretation; AT5 – 3D Seismic Reinterpretation.


More Definitions of Financial guarantee

Financial guarantee means an irrevocable written undertaking issued by a registered South African Bank in favour of the Municipality, to honour all obligations (present or future) owed by a person to the Municipality or Municipal Entity, should that person be in breach of any such obligation;
Financial guarantee means an irrevocable and unconditional written undertaking issued by a registered South African Bank in favour of the Municipality, to honour all obligations (present or future) owed by a person to the Municipality, should that person be in breach of any or such obligation;
Financial guarantee means a performance bond, maintenance bond, surety bond, irrevocable letter of credit, or similar guarantees submitted to the Director of Public Works by the responsible party to assure that requirements of the ordinance are carried out in compliance with the stormwater management plan.
Financial guarantee means a form of financial security posted to do one or more of the following: ensure timely and proper completion of improvements; ensure compliance with the King County Code; or provide secured warranty of materials, quality of work of the improvements and design. “Financial guarantees” include assignments of funds, cash deposit, surety bonds or other forms of financial security acceptable to the department of local services permitting division manager or designee. “Performance guarantee,” “maintenance guarantee” and “defect guarantee” are considered subcategories of financial guarantee.
Financial guarantee means a financial guarantee or insurance product, which identifies the Minister as the beneficiary, issued by a financial institution as defined in the Financial Sector Regulation Act, 2017 (Act No. 9 of 2017) with at least an investment grade credit rating from an international rating agency;
Financial guarantee means a performance bond, maintenance bond, surety bond, irrevocable letter of credit, or similar guarantee is submitted to the Public Works Department by the responsible party to assure that requirements of the ordinance are carried out in compliance with the storm water management plan.
Financial guarantee means a performance bond, maintenance bond, surety bond, irrevocable letter of credit, or similar guarantees submitted to the Village Engineer by the responsible party to assure that requirements of the ordinance are carried out in compliance with the storm water management plan.