Guarantee Security definition

Guarantee Security means the general security agreement dated the date hereof, executed by BMGX in favour of IAMGold in respect of the obligations of BMGX pursuant to the Guarantee.
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Guarantee Security has the meaning set out in Section 7.01(l).
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Examples of Guarantee Security in a sentence

  • The EMD of the successful bidder shall be returned after the successful submission of Bank Guarantee/ Security Deposit and for unsuccessful bidder(s) it would be returned after award of the contract.

  • The Performance Bank Guarantee (Security deposit) shall be returned to the Vendor / Contractor without any interest at the end of the Retention Period after the completion of Contract and on fulfilling contractual obligations throughout the retention period.

  • A Performance Guarantee Bond is not acceptable as a Performance Guarantee Security.

  • Within one month on completion/expiry of the contract, Contractor shall pay all the dues/ terminal dues such as leave with wages, bonus (if applicable), Gratuity (if applicable), to all his contractual workmen, failing which contractor’s Bank Guarantee/ Security Deposit may be withheld by ONGC.

  • The Risk & Cost amount payable by the contractor or recoveries in lieu of Risk Purchase may be recovered from supplier by encashing/invoking Bank Guarantee, Security Deposits available with PE against the same or any other contract or may be adjusted against dues payable to supplier by PE against other purchase orders/contracts/work orders etc.

  • This Performance Guarantee Security will be drawn on a financial institution authorized to conduct business in Alberta and made payable to the “Minister of Finance”.

  • The EMD of the successful bidder shall be returned after the successful submission of required Bank Guarantee/ Security Deposit (If applicable only) and for unsuccessful bidder(s) it would be returned after award of the contract.

  • Each of the Company, the Parent Guarantor and the Subsidiary Guarantors may not sign an amendment or supplemental Indenture, Indenture Guarantee, Security Agreement or Intercreditor Agreement until its Board of Directors approves it.

  • The Trustee shall sign any amended or supplemental Indenture, Indenture Guarantee, Security Agreement or Intercreditor Agreement authorized pursuant to this Article Nine if the amendment or supplement does not adversely affect the rights, duties, liabilities or immunities of the Trustee.

  • The Trustee acknowledges receipt of (i) counterparts of the Guarantee, Security and Collateral Agency Agreement executed by all parties thereto and (ii) the resolutions of the board of directors (or equivalent governing body) of the Company and each of the Subsidiary Grantors, as certified by the Secretary or Assistant Secretary of the Company and each of the Subsidiary Grantors, respectively.