Letter of Guarantee definition

Letter of Guarantee or “LG” means a documentary credit issued by the Bank on behalf of the Borrower for the purpose of providing security to a third party that the Borrower or a person designated by the Borrower will perform a contractual obligation owed to such third party;

Letter of Guarantee means the letter of guarantee executed by each GUARANTOR and required to be delivered by the BORROWER to the BANK pursuant to SECTION 3.01 hereof, together with all exhibits and schedules thereto, as the same may be supplemented, modified, amended, restated or replaced from time to time in the manner provided therein.

Letter of Guarantee or "L/G" means, unless specifically limited elsewhere in this Agreement, a stand-by letter of guarantee or similar instrument in form and substance satisfactory to the Bank.

Examples of Letter of Guarantee in a sentence

• A €7,500 Letter of Guarantee to the MEECC for the due and proper performance of the Kokkinolakkas Tailings Management Facility, committed in connection with the Environmental Impact Assessment approved for the Kassandra Mines (Olympias, Stratoni and Skouries).

• A €50,000 Letter of Guarantee to the Ministry of Environment and Energy and Climate Change ("MEECC") as security for the due and proper performance of rehabilitation works committed in relation to the mining and metallurgical facilities of the Kassandra Mines (Olympias, Stratoni and Skouries) and the removal, cleaning and rehabilitation of the old Olympias tailings.

• This sort of business includes capital market operations like underwriting, mutual fund management, investor’s account, portfolio management, moreover as a commission- based business-like Letter of Guarantee, foreign remittance, inland remittance etc.There are total 134 branches of Southeast Bank Limited located in 34 different districts in Bangladesh.

• In this case, prompt payment of the outstanding balance shall be secured by a Letter of Guarantee issued by another bank for the same amount plus a margin covering our Bank’s claim under the principal and the interest thereon for the entire period of the credit facility.

• Subsequent to year-end, this Letter of Guarantee was amended for a 15-year term to May 27, 2038, and has an annual fee of 107 basis points.

More Definitions of Letter of Guarantee

Letter of Guarantee or "L/G" means a stand-by letter of guarantee or similar instrument in form and substance satisfactory to the Bank.

Letter of Guarantee means a letter of guarantee issued by the L/C Lender on behalf of the Lenders in respect of Facility A or Facility B at the request and for the account of the relevant Borrower to beneficiaries.

Letter of Guarantee or “LG” means a documentary credits issued by the Bank on behalf of the Borrower for the purpose of providing security to a third party that the Borrower or a person designated by the Borrower will perform a contractual obligation owed to such third party.

Letter of Guarantee means as defined in Clause 24.4 hereof;

Letter of Guarantee means the Letter of Guarantee provided by the Parents in favor of the Bank in support of the Company’s obligations hereunder, to be delivered to the Bank pursuant to Section 3.1(a)(iii).

Letter of Guarantee means a document

Letter of Guarantee means a letter of guarantee in the form attached hereto as Exhibit A.