Vendor Guarantee definition

Vendor Guarantee means the irrevocable obligation of a Vendor to pay to the Financing Originator the aggregate outstanding principal amount of a Contract which has been canceled by the related Obligor pursuant to the terms of such Contract.
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Vendor Guarantee means any Credit Support entered into, issued or furnished by Vendor or one or more other Excluded AltaGas Affiliates with respect to the obligations of any one or more of the Conveyed Entities, including, for the avoidance of doubt, any Credit Support entered into, issued or furnished after execution of this Agreement and prior to Closing.
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Vendor Guarantee means the irrevocable obligation of a Vendor to pay to the Seller the aggregate oustanding principal amount of a Contract which has been cancelled by the related Obligor pursuant to the terms of such Contract.
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Examples of Vendor Guarantee in a sentence

  • Where the Purchaser fails to complete the change of guarantor procedures in relation to the Vendor Guarantee within four months following the completion of the industrial and commercial registration, the Purchaser shall provide a counter-guarantee to the Vendors.

  • In relation to the Vendor Guarantee and the Target Company Guarantee, the Purchaser shall complete the change of guarantor procedures, where it shall submit relevant documents within one month of the completion of the industrial and commercial registration.

  • Pursuant to the Vendor Guarantee, Dexin Real Estate guaranteed in favour of the Bank the loan facility amount of RMB380,000,000 owed by the Target Company.

  • The Purchaser shall not be obliged to take any steps to enforce any rights or remedy against the Vendor or other person before enforcing this Vendor Guarantee.

  • The maximum limit of guarantee liability under the Vendor Guarantee is RMB570,000,000.

  • This Clause 15 (Vendor Guarantee) is a principal obligation and is not to be treated as ancillary or collateral to any other right or obligation and extends to cover this Agreement as amended, varied, supplemented, renewed or replaced.


More Definitions of Vendor Guarantee

Vendor Guarantee means the guarantee in the form set forth in Attachment 1 to be executed and delivered by the Vendor Guarantor at Closing.
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Vendor Guarantee means the guarantee entered into on the date hereof between the Purchaser, the Vendor and Vendor Guarantor in the form agreed in Schedule 20;
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