Payment Guarantee definition

Payment Guarantee guarantee provided by the Shipper to the Operator pursuant to Paragraph 10.1 of the present General Terms and Conditions.

Payment Guarantee means a payment guarantee in the form set out in Schedule 13 (Payment Guarantee) duly completed and dated prior to the date of the Developer's first claim for any Tranche (save in respect of a Single Claim Scheme) and given by a Guarantor (subject always to Homes England's satisfaction as to the Guarantor's financial or commercial standing and the Guarantor not being a Prohibited Person);

Payment Guarantee means a completed version of a guarantee in the form set forth in Appendix AA (Form of Payment Guarantee), duly-executed by an authorized representative of the Permitted Guarantor.

Examples of Payment Guarantee in a sentence

• At or before the Closing, Buyer shall use reasonable efforts to obtain a release of Sellers’ obligations under the Payment Guarantee (“Seller Release”).

• Where the Payment Guarantee is in the form of a guarantee deposit, the corresponding amount shall be invoiced by the Operator to the Shipper at the earliest one month before the date of the first Loading provided for under the Contract.

• To the extent the beneficiary or counterparty under the Payment Guarantee does not agree as of the Closing to such Seller Release, effective from and after the Closing Date, Seller Parent shall maintain the Payment Guarantee until the earlier of (x) the date Buyer delivers a Seller Release, (y) twelve (12) months after the Closing and (z) the date Seller Parent ceases to exist.

• In all other cases, an original of the Payment Guarantee shall be provided by the Shipper to the Operator at the latest thirty (30) days after the Contract is signed.

More Definitions of Payment Guarantee

Payment Guarantee means the bank guarantee to be provided by each of

Payment Guarantee means any payment guarantee issued by Xxxxxxx Finance, or on its behalf, for settlement of the Clients obligations to a third party;

Payment Guarantee has the meaning set forth in Section 11.5(a).

Payment Guarantee means a bank guarantee; surety; or negotiable, confirmed, irrevocable Letter of Credit, established by the Purchaser in an amount equal to the total Purchase Price or an amount agreed to prior, payable to the Seller at sight and/or terms as described in III.B issued by a national or international financial institution acceptable to Seller.

Payment Guarantee means the guaranteed payment to Freelancers working on Hourly-Rate Contracts where the Client has a verified payment method, the time represented is captured online using the oDesk Team software, the work performed and captured pertains directly to the Service Contract billed, and each Time Log is annotated with appropriate work memos describing the work performed.

Payment Guarantee shall have the meaning set forth in Section 6.17 of the Sellers’ Disclosure Schedule.

Payment Guarantee means an undertaking to be liable to discharge financial obligations in order to provide security for payment by a third party.