O&M Guarantee definition

O&M Guarantee means the guarantee made by the O&M Guarantor in favor of the Project Company with respect to the payment and performance obligations of the Operator under the O&M Agreement.

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O&M Guarantee means a first demand insurance bond issued by a first-class insurance company which has been attributed, at least an A-rating or which, in any case, satisfies the Principal and the Financing Entity, to be provided by the Contractor to the Principal in accordance with the provisions of Article 8.7 in order to guarantee the performance of its contractual obligations under the Agreement until the Expire Date.

O&M Guarantee means the guarantee given by the O&M Guarantor in favour of TQ Operations and the Security Trustee in the document entitled "O&M Guarantee and Bonding Deed" dated on or about the Acquisition Date and any other guarantee given by an O&M Guarantor to a PPP Co in respect of the obligations of an O&M Contractor under an O&M Contract.

Examples of O&M Guarantee in a sentence

• In consideration for providing the O&M Guarantee, Iridium and Operating will compensate Motorola pursuant to the Agreement Regarding Guarantee, and, as set forth therein, outstanding amounts under the O&M Credit Facility that are subject to the O&M Guarantee shall constitute Motorola Exposure for purposes of the Agreement Regarding Guarantee.

• Operating agrees that it will use its best efforts to finance the payment of all outstanding O&M Financing Amounts no later than October 1, 1999 pursuant to a new Credit Agreement (the "O&M Credit Facility") that (i) has terms identical in all material respects to the Bridge Agreement (other than terms as to pricing) and (ii) is guaranteed by Motorola on terms identical in all material respects to the Bridge Agreement Guarantee (the "O&M Guarantee").

• Operating hereby agrees that, unless Motorola has failed to provide an O&M Guarantee that it is required to provide under the terms hereof, to the extent of available funds under the O&M Credit Facility, Operating shall borrow such available funds and apply all such funds to pay Motorola for outstanding O&M Financing Amounts.

• The Development-cum-Construction Guarantee or O&M Guarantee, if subsisting, shall be invoked by APIIC.

• Each of the consents set forth in Section 1 hereof is limited precisely as written and shall not be deemed to be a consent to any modification of any other term of the Operation and Maintenance Agreement or the O&M Guarantee, or any of the documents referred to herein or therein or a consent to any modification of any other Transaction Document.

More Definitions of O&M Guarantee

O&M Guarantee means a guarantee to be provided by a member of the Purchaser’s Group pursuant to the [*] in a form acceptable to [*]

O&M Guarantee. The guarantee dated as of the Common Agreement Date made by the O&M Guarantor in favor of the Borrower with respect to the payment obligations of the Operator under the O&M Agreement.

O&M Guarantee means the Limited Guaranty, dated September 19, 1997, by the O&M Guarantor for the benefit of the Borrower.

O&M Guarantee means the O&M Parent Guaranty – Project Stokes Marsh dated 14 April 2015 granted by SunEdison, Inc in favour of the Project Company;

O&M Guarantee means a guarantee to be provided by a member of the Purchaser’s Group pursuant to the Participation Agreement in a form acceptable to BP International;