Grant Guarantee(s) definition
Grant Guarantee(s) means any guarantee, promise, contingent liability, assumed debt or the like of existing and possible commitments derived from third party grants related to Commercially Reasonable Development Efforts and approved by MBI. Such guarantees shall be documented in a similar form as previous grant guarantee agreements, changed for the specifics of the related grant, executed between the parties and submitted to the JDC for related grants, as spent, to be accepted as CRDE by the JDC under the process contained herein.
Grant Guarantee(s) means any guarantee, promise, contingent liability, assumed debt or the like of existing and possible commitments derived from third party grants related to Commercially Reasonable Development Efforts and approved by MBI.