Guaranty Period. The guaranty period under this Contract is from the date of effectiveness of this Contract to 2 years after the expiry of each credit facilities under the Master Agreement. In case that the Creditor lawfully transfer its creditor’s right to a third party during the guaranty period, the Guarantor shall continue to perform its obligation of guaranty as originally agreed.
Guaranty Period. The contractor shall warrant all material furnished, equipment furnished and work performed by them for a period of one year from the date of written acceptance of the work. This warranty shall be documented to the City in writing by an authorized representative of the contractor. Failure of contractor to provide written warranty does not absolve contractor of said warranty.
Guaranty Period. A. The Contractor hereby agrees to keep all Work constructed under the Contract in Good Repair for a period of two (2) years from the date of Initial Acceptance, unless a longer period is otherwise specified in the Contract Documents. Upon written notice by certified mail from the Owner or the Owner's representative to the Contractor of any aspect of the Work found by the Owner not to be in Good Repair, the Work shall be remedied by the Contractor. Such remedy shall be made without further cost to the Owner, including in part, all damages caused by such defect, deficiency, deterioration, or departure, and by its repair, replacement or correction.
Guaranty Period. 1. The guaranty period under this Contract shall be two years from the expiry date for the indebtedness of the Obligor under the Loan Agreements.
Guaranty Period two years as of the maturity date of the debt performance period under the Principal Agreement.
Guaranty Period a. The Architect agrees that it and its agents and subcontractors will conduct an observation and review of the Development in a reasonable and diligent manner, at or about the ninth month after the date of substantial completion as established by the Authority on Authority Form PSD 12:002 (the "Substantial Completion Date"), for purposes of discovering defective materials incorporated into the Development or deficiencies in the work performed in contravention of the Contract Documents. The Architect shall notify the Owner and the Authority of all such observed defects or deficiencies not less than ten (10) months after the Substantial Completion Date.
Guaranty Period. Item 4.1 If the main contract is a loan contract, the guaranty period of the Contract is: two years after the expiration of the loan under the main contract; if Party A announces that the loan expire in advance according to the item of the loan contract, the guaranty period of the Contract is two years starting from the day after the advanced expiration date of the loan.
Guaranty Period. The guaranty period hereunder (tick "√" in front of the option): þA period from the date of effectiveness of this Contract to two years after the date of expiry of the debt performance period of various specific credits under the Main Contract. The guaranty period of each specific credit shall be calculated independently. In case of expansion of a specific credit term, the guaranty period shall be extended to two years after the expiration of the extended period. □ □ If Party A transfers its creditor's right to a third party during the suretyship period, Party B hereby agrees to continuously bear guaranty liability within the scope of the original suretyship.
Guaranty Period. The term "Guaranty Period" is defined as the nine (9) month period following the Closing Date.
Guaranty Period. DEVELOPER shall remedy or cause to be remedied any defects in materials or workmanship which shall appear within a period of one-year from the date of CITY "acceptance" of "Public Required Improvements", and for MWW water main, such period shall be two-years from the date of final water main connection. Upon CITY and MWW acceptance of "Public Required Improvements", DEVELOPER acknowledges its responsibility to provide an acceptable form of Security (cash or letter of credit) for 15% of the total cost "Public "Required Improvements" (sanitary sewer, storm sewer, public street and water main). Said Security shall remain in full force and effect until the expiration of said one-year and two-year "Guarantee" periods, respectively, but said Security may not be released without the express written consent of the CITY, such consent not to be unreasonably withheld. DEVELOPER reserves the right to utilize existing Security, as identified in Section 11 of this agreement, or to provide the City with a new form of Security to obtain said 15% threshold. DEVELOPER reserves the right to request a reduction in the amount of Security held for the "Guaranty" period after the expiration of the one-year "Guarantee" period to an amount equal to 15% of the water main cost.
