Examples of Letters of Guarantee in a sentence
We do not accept Letters of Guarantee or other promises to pay when cases settle.
The Letters of Guarantee will be issued in Greek or in English language.
The loan agreement also includes an uncommitted, non-revolving credit facility for up to CA$300 to cover Letters of Guarantee issued by the bank on behalf of the Company, with a maximum term of 365 days, renewable annually.
In case of partial acceptances, Good Performance/ Advance Payment Letters of Guarantee shall be gradually released by the amount corresponding to the value of the finally accepted part of the quantity.
The appointment of the Representative and his Alternate, as well as the statements of acceptance must be unconditional and cover all issues concerning the execution of the Contract (e.g. payments, accounts, taking delivery of instructions, exchange of correspondence, taking delivery of Letters of Guarantee, etc.).
AM shall examine the validity of the subject Letters of Guarantee.
The Letters of Guarantee shall be issued by credit institutions operating lawfully in Greece or in any other member - state of the European Union (EU) or the European Financial Area (EFA) or in member – states which have signed the Public Procurement Agreement with the World Trade Organization (WTO).
All Letters of Guarantee must be issued by a bank, legally operating in any member- state of the E.U. or the European Economic Area (E.E.A) or in a member-state of the Government Procurement Agreement of the World Trade Organization, as ratified by Law N.
Alternatively, Letters of Guarantee issued in a language other than the Greek or English, shall be accompanied by an official translation in Greek or English language, issued by a competent authority in the Country where the Bidder is established, or in Greek by the Greek Ministry of Foreign Affairs, or by the Greek Consulate of the Country the above Letter of Guarantee has been issued.
Letters of Guarantee up to an aggregate amount of $1,000,000, in each case for a maximum term of one year to finance the day to day operations of Autopro.