First Demand Guarantee definition

First Demand Guarantee means a first demand guarantee provided by a User, which is issued by a branch located in Italy or in another country member of the European Union, of the European Economic Area or of the European Free Trade Association of an Approved Guarantor, pursuant to clause III.10.1 (d) of chapter III, or pursuant to clause 10.2.1, 10.2.3 or 10.3.1 of chapter III, and which shall be substantially in the form provided at, and subject to the conditions set out in, Part II of Annex (b). [“Garanzia a Prima Richiesta” in the Italian text]
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First Demand Guarantee means a first demand guarantee provided by a User, which is issued by an Italian branch of an Approved Issuing Institution pursuant to clause 10.1 (d) of chapter III, or pursuant to clause 10.2.1, 10.2.3 or 10.3.1 of chapter III, and which shall be substantially in the form provided at, and subject to the conditions set out in, Part II of Annex (b). [“Garanzia a Prima Richiesta” in the Italian text]
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First Demand Guarantee means the first demand guarantee dated on or about the date of this Lease between the Security Agent (on behalf of the Tax Investors) and Inco and each other first demand guarantee entered into pursuant to that first demand guarantee.
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Examples of First Demand Guarantee in a sentence

  • The First Demand Guarantee 3 will be enforceable by Renault if the Purchaser and/or the Guarantors 1 and 2 failed to perform their obligations within 10 business days after Renault’s demand.

  • The Article went on to deal with the provision by Aluminium Dunkerque, as Guarantor 3, of a First Demand Guarantee 3 in like terms to the First Demand Guarantees 1 and 2, following its acquisition by LHG.

  • The Guarantor's obligations under this First Demand Guarantee are absolute, irrevocable, unconditional, independent, primary and autonomous and this shall be so notwithstanding any other term of this First Demand Guarantee or any Demand including, without limitation, any reference in this First Demand Guarantee or in any Demand to any underlying or related relationships, events or circumstances.

  • Without prejudice to paragraph5 below, the Guarantor's payment undertaking in this First Demand Guarantee shall be completely free of and not in any way subject to or affected by any claims or defences arising in any way out of any relationship other than the relationship between the Guarantor and the Beneficiary created by the express terms of this First Demand Guarantee.

  • All payments under this First Demand Guarantee shall be made in pounds sterling, for value on their due date, to such entity and account as the Beneficiary shall specify in the relevant Demand, in full and without any deduction for or on account of any type of set-off, abatement, counterclaim or withholding whatsoever.

  • The courts of England shall have exclusive jurisdiction to settle any dispute arising out of or in connection with this First Demand Guarantee (including a dispute relating to any non-contractual obligation arising out of or in connection with this First Demand Guarantee) (each, a "Dispute").

  • This First Demand Guarantee and any non-contractual obligations arising out of or in connection with it are governed by English law.

  • The Beneficiary shall not be required to deliver the original or a copy of this First Demand Guarantee when presenting a Demand.

  • It was common ground that it was given by LEG as First Demand Guarantee 2 pursuant to the agreement to do so in Article 10 of the FSA.

  • The Guarantor will not be obliged to make a payment of the full amount demanded in a Demand under this First Demand Guarantee to the extent that, as a result of that 3 If this First Demand Guarantee is given by an Authorised Guarantor situated outside Great Britain, consider replacing "London" with the name of the leading financial centre in the country in which the Authorised Guarantor is situated.


More Definitions of First Demand Guarantee

First Demand Guarantee means the first demand guarantee dated the date hereof given by the Guarantor in relation to the obligations of any Borrower and any Additional Borrower under the Finance Documents.
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First Demand Guarantee dated [—] issued by MANITOU to the Beneficiary in an amount of EUR [— ] (the “First Demand Guarantee”)
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First Demand Guarantee means a first demand guarantee provided by a User, which is issued by an Italian branch of an Approved Issuing Institution pursuant to clause 10.1
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Related to First 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.

  • 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.

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

  • 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.

  • 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 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 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:

  • Completion Guaranty means that certain Completion Guaranty, dated as of the Closing Date, executed by Sponsor and Borrower for the benefit of Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified in accordance herewith.

  • 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.

  • 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).

  • Corporate Guaranty means a legal document used by an entity to guaranty the obligations of another entity. Cost of New Entry:

  • Guarantee and Adherence Agreement means the guarantee and adherence agreement pursuant to which the Guarantors shall, amongst other, (i) guarantee all amounts outstanding under the Finance Documents, including but not limited to the Bonds, plus accrued interests and expenses, (ii) agree to subordinate all subrogation claims, and (iii) undertake to adhere to the terms of the Finance Documents.

  • Performance Guarantee means the security to be provided by the Contractor in accordance with Sub Clause 10.1 for the due performance of the Contract.

  • 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.