Examples of Parent Company Guarantee in a sentence
Parent Company Guarantee, Section D states “[a] standby trust … must be established for decommissioning costs before the parent company guarantee agreement is submitted.” The NRC staff reviewed HMC’s annual financial assurance update using the guidance in NUREG-1620, Rev.
However, it is not appropriate to set aside large amounts of reserve against the possibility of this happening and that appropriate bond / Parent Company Guarantee have been built into large contracts.
That application has failed, and the Sale and Purchase Agreement for the sale of MRCAD remains on foot on this basis.The claim made and summons issued by a UAE-based bank (“the bank”) for AED150 million against Murray & Roberts Limited on the strength of a Parent Company Guarantee continues in the High Court of South Africa.
Parent Company Guarantee, Section C states “[t]he parent company guarantee and financial test provisions must remain in effect until the Commission has terminated the license, accepted in writing the parent company’s alternate financial assurances, or accepted in writing the licensee’s financial assurances.” Part 30, Appendix A, III.
Consultant specifically warrants that the Services, including any deliverables, if any, shall perform the functions substantially as described herein and that all equipment and supplies shall be free from defects in materials or workmanship, shall be installed properly and in accordance with manufacturer’s recommendations or other industry standards and shall function in a failure- free manner.