Letter of Guarantee. China Hydroelectric Corporation: We hereby issue this Letter to you to provide a joint liability guarantee for all contractual obligations and maters under the “Formal Equity Interest Transfer Contract of Suichang County Jiulongshan Hydropower Development Co., Ltd” signed by CHC, Zhejiang Guangsha Construction Group Co., Ltd, and Lu Chunliang (hereinafter collectively referred to as “the Transferee”) on , 2007.
Letter of Guarantee. The Letter of Guarantee shall: (a) be payable to Custom House, (b) be drawn on a Custom House approved financial institution, and (c) have a maturity date a minimum of fourteen (14) Days after the Value Date of the Forward Contract.
Letter of Guarantee. The Buyer shall furnish the Builder with an unconditional letter of guarantee, being in the form annexed hereto as Exhibit “B” and in respect of each Promissory Note issued by the Buyer (each individually a “Letter of Guarantee” and collectively the “Letters of Guarantee”) each such Letter of Guarantee to be duly executed and delivered by the Guarantor guaranteeing the payment by the Buyer of the principal sums and interest specified in the relevant Promissory Note. 3.3 Second Preferred Mortgage on the Vessel The Buyer shall execute and deliver to the Builder a second preferred Liberian mortgage over the Vessel in the maximum principal amount of US$32,442,755 in form and substance satisfactory to the Builder (the “Mortgage”) as security for (i) the Buyer’s obligations under the Promissory Notes and (ii) the obligations of the Buyer under this Agreement.
Letter of Guarantee. 1. At the latest sixty (60) days since the signing of the Agreement and in any case prior to the Starting Date, as per article 2 to the present Agreement, the LNG User is responsible to provide the Operator with an irrevocable Due Payment and Good Performance Letter of Guarantee to his benefit (the LNG User) which shall ensure the satisfaction of his obligations as per the Agreement. In case of non submission of the Letter of Guarantee, the Operator shall address a written notification to the LNG User, defining an express date for its submission. In case such deadline lapses and no action is taken:
Letter of Guarantee. 1. At the latest sixty (60) days since signing the Agreement and in any case prior to the Starting Date, as per article 2 to the present Agreement, the Transmission User is responsible to provide the Operator with an irrevocable Due Payment and Good Performance Letter of Guarantee to his benefit (the Transmission User) which shall ensure the satisfaction of his obligations as per the Agreement. In case of non submission of the Letter of Guarantee, the Operator shall address a written notification to the User, defining an express date for its submission. In case such deadline lapses and no action is taken:
Letter of Guarantee. Facility consisted of the following facilities:
Letter of Guarantee. A letter of guarantee duly executed and delivered by the PARENT and in form and substance satisfactory to the BANK (the "GUARANTEE"); and
Letter of Guarantee. For the purpose of guaranteeing the various obligations of the Borrower under this Agreement, prior to the initial Drawdown the Borrower shall obtain a Letter of Guarantee duly signed by the Guarantor in accordance with the provisions of this Agreement and all other documents relating to the Guarantor as required under this Agreement, and deliver the same to the Agent.
Letter of Guarantee. The Buyer shall furnish the Builder with an unconditional letter of guarantee, being in the form annexed hereto as Exhibit “B” and in respect of each Promissory Note issued by the Buyer (each individually a “Letter of Guarantee” and collectively the “Letters of Guarantee”) each such Letter of Guarantee to be duly executed and delivered by the Guarantor guaranteeing the payment by the Buyer of the principal sums and interest specified in the relevant Promissory Note.
Letter of Guarantee. If either the client or agency is creditworthy, consideration may be given to grant the use of a letter of guarantee, in which the creditworthy party will assume sole liability. NBCU requires the same letter be used for all customers. The approved text of the letter is located on the CFS Web Site. This letter was written by NBCU Legal and functions as a contractual agreement between NBCU and the liable party. The letter covers all entities of NBCU and may NOT include an end date. Only a Credit Manager has authority to accept a letter of guarantee. Letters of guarantee must be kept by each Credit Manager in a red binder. Also, letters of guarantee should be filed in the credit file. • Bank escrow or letter of credit – CFS may recommend that the client set up a bank escrow or letter of credit with NBCU as “collateral” for the sale. An escrow or bank letter of credit will set aside funds specifically for NBCU. In the event that payment is not made, NBCU will have the right to draw on the funds in escrow. This allows the client and agency to remit payment within terms either on their own or directly from the escrow account. Arrangements should be coordinated with NBCU Law Department, the Bank Escrow Agent, the Customer, and CFS. The escrow or letter of credit should include funding for the entire buy. If the buy runs for a long period, installment payments may be incorporated into the agreement. However, the bank account must always have sufficient funds available 30 days prior to air. Payment terms and due dates will also be included in agreement. NBCU must have the right to withdraw funds if not paid by the client within 3 days of due date. If the agency receives an escrow or letter of credit, NBCU would require a letter of guarantee from the agency.
