Guaranteed Sum definition

Guaranteed Sum means: The maximum aggregate amount of R

Guaranteed Sum means: The maximum amount of R .....................................................................................

Guaranteed Sum means the sum of R [●] ([●] Rand);

Examples of Guaranteed Sum in a sentence

• The Guarantor's liability shall be limited to the amount of the Guaranteed Sum.

• The Guarantor’s liability shall be limited to the amount of the Guaranteed Sum.

• The Guarantor reserves the right to withdraw from this guarantee by depositing the Guaranteed Sum with the beneficiary, whereupon the Guarantor’s liability hereunder shall cease.

• The Guarantor’s period of liability shall be from and including the date of issue of this Performance Guarantee and up to and including the Expiry Date or the date of issue by the Engineer of the Certificate of Completion of the Works or the date of payment in full of the Guaranteed Sum, whichever occurs first.

• The Guarantor's period of liability shall be from and including the date of issue of this Guarantee/Performance Security up to and including the termination of the Contract or the date of payment in full of the Guaranteed Sum, whichever occurs first.

More Definitions of Guaranteed Sum

Guaranteed Sum means: The maximum aggregate amount of R ................................................................ Amount in words: ..............................................................................................................................................

Guaranteed Sum means: The maximum aggregate amount of R……………………………………………… Amount in words:……………………………………………………………………………………………………….

Guaranteed Sum. – means, subject to clause 5, the sum of [● - figure] ([● - words]) the aggregate Guarantee amount, not exceeding 10.0% of the Contract Sum as at the Contract Date, which amount will reduce with 50% when the Practical Completion certificate is issued until Final Completion.

Guaranteed Sum means the sum of R [●] ([●] Rand); [Drafting Note: Insert amount of Retention Money Guarantee.].

Guaranteed Sum means: The maximum aggregate of R ………………………………………

Guaranteed Sum. – means, subject to clause 4, the sum of [● - figure] ([● - words])the maximum aggregate Guarantee amount (not exceeding 10.0% of the total of the Prices as at the Contract Date) which amount will reduce with 50% when the Completion certificate is issued until the Expiry Date .

Guaranteed Sum. – means, subject to clause 4, the sum of [● - figure] ([● - words]) [Drafting Note: Maximum aggregate Guarantee amount (not exceeding 10.0% of the total of the Prices as at the Contract Date) to be inserted] which amount will reduce with 50% when the Practical Completion certificate is issued until Final Completion.