Project Guarantee definition

Project Guarantee means any performance or similar guarantees by the Company or any Subsidiary supporting the Obligations of a Project Finance Subsidiary under any project document, including power purchase agreements, construction agreements, sales contracts, supply contracts, operation and maintenance agreements or similar agreements relating to the business of a Project Finance Subsidiary consistent with then current market requirements for limited recourse financings of projects and associated facilities relating to or supporting the production of steel products, as certified by the chief financial officer of the Company to the Trustee in writing.
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Project Guarantee means each of: (a) the EPC Contract Guarantees; (b) the O&M Contract Guarantees; (c) the LTSA Guarantee; and (d) any other guarantee to be issued pursuant to a Transaction Document (other than any Third Party Guarantees).
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Project Guarantee means a Guarantee by the Company or any Restricted Subsidiary of Project Debt of a Restricted Subsidiary that is not a Guarantor.
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Examples of Project Guarantee in a sentence

  • The Borrower shall not drawdown credit under either Credit Facility for the purpose of paying, directly or indirectly, any principal amount of Indebtedness owing in respect of the Cerro Quema Project Financing or the Cerro Quema Project Guarantee.

  • The failure of a Member to provide and fund its Project Guarantee Share of any Project Guarantee shall constitute a material breach of this Agreement.

  • The Borrower shall enforce its rights so that each Project Guarantee shall be in full force and effect in accordance with this Agreement and the terms of the relevant Transaction Document.

  • To: Contractor Project: Guarantee Period: Begins thru The undersigned Binswanger Enterprises, LLC, dba Binswanger Glass (hereinafter Subcontractor) performed installation of Glass and Glazing related work on behalf of Contractor name (hereinafter Contractor) for the Project name (hereinafter Project).

  • Each Member shall provide, fund and be responsible for its Project Guarantee Share of any Project Guarantee provided, and/or required to be provided, by the Company after the date of this Agreement pursuant to the Letter of Support, the Shareholders' Agreement, as the same may be amended from time to time, or any Project Document.

  • Contribution at a point in time following the initial funding by or on behalf of SKLLC of any part of the Equity Investment (hereinafter, a "Non-Synchronous Equity Infusion"), the Members' respective Project Guarantee Shares shall, for all purposes relevant under this Agreement, be recomputed (effective as of the date of such initial funding by or on behalf of SKLLC) to reflect the assumption that one hundred (100%) percent of the Section 10.

  • For purposes of clarity, nothing in the back-up supply plan shall be deemed to require Owner to agree to a change to (1) the [________] Guarantees; or (2) the warranties under Article 17, or (3) any Project Guarantee Date; or (4) the Contract Price.

  • The Borrower must procure the issuance and maintenance of each Project Guarantee and each Documentary Credit in accordance with this Agreement and the relevant Transaction Document.


More Definitions of Project Guarantee

Project Guarantee means any guarantee, letter of credit, undertaking, or other form of credit or performance support which the Lenders or the Government of Pakistan or any agency or authority thereof may require FKPC or the Company to provide in accordance with the terms of any Letter of Support relating to the Project issued by the Government of Pakistan (hereinafter, "Letter of Support") or any Project Document, as security or further assurance in respect of any obligation or undertaking of the Company or FKPC in reference to the Project or any condition set forth in the Letter of Support.
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Related to Project Guarantee

  • CONSTRUCTION GUARANTEE means a guarantee at call obtained by the contractor from an institution approved by the employer in terms of the employer's construction guarantee form as selected in the schedule

  • Parent Guarantee means the guarantee by the Parent of the Company’s obligations with respect to the Notes.

  • Bid guarantee means the bid bond, cashier's check or certified check submitted as part of the bid proposal, payable to the contracting unit, ensuring that the successful bidder will enter into a contract.

  • Permitted SBIC Guarantee means a guarantee by the Borrower of SBA Indebtedness of an SBIC Subsidiary on SBA’s then applicable form, provided that the recourse to the Obligors thereunder is expressly limited only to periods after the occurrence of an event or condition that is an impermissible change in the control of such SBIC Subsidiary (it being understood that, as provided in clause (r) of Article VII, it shall be an Event of Default hereunder if any such event or condition giving rise to such recourse occurs).

  • Guarantee means a guarantee (other than by endorsement of negotiable instruments for collection in the ordinary course of business), direct or indirect, in any manner (including letters of credit and reimbursement agreements in respect thereof), of all or any part of any Indebtedness or other obligations.