Adjustment of Guarantee Amount Sample Clauses

Adjustment of Guarantee Amount. On each anniversary of the date of the Guarantee (the “Adjustment Date”), the Guarantee Amounts are to be adjusted to a revised amount by applying the following formula: RGA = GA x (A/B) where: RGA is the revised guarantee amount applicable from the relevant Adjustment Date GA is the Guarantee Amount that is current on the relevant Adjustment Date A is the Index Number most recently published before the relevant Adjustment Date B is the Index Number most recently published:
Sample 1Sample 2Sample 3See All (28)
AutoNDA by SimpleDocs
Adjustment of Guarantee Amount. (a) Subject to clause 10.2(b), following each anniversary of the date of the Guarantee (the “Adjustment Date”) and at any time prior to the expiry of the Defects Liability Period, the Guarantee Amounts are to be adjusted to a revised amount by applying the following formula: RGA = GA x (A/B) where: RGA is the revised guarantee amount applicable from the relevant Adjustment Date GA is the Guarantee Amount that is current on the relevant Adjustment Date A is the Index Number most recently published before the relevant Adjustment Date B is the Index Number most recently published:
Sample 1Sample 2Sample 3See All (12)
Adjustment of Guarantee Amount. (a) On each Adjustment Date the Guarantee Amount is to be adjusted to a revised amount derived by applying the following formula: RGA = GA x A B where: RGA is the revised guarantee amount applicable from the relevant adjustment date; GA is the Guarantee Amount that is current on the relevant adjustment date; A is the index number for the Consumer Price Index: All Groups Index for Sydney available from the Australian Bureau of Statistics and published immediately before the relevant adjustment date; B is the index number for the Consumer Price Index: All Groups Index for Sydney available from the Australian Bureau of Statistics and published immediately before the later of the date of this agreement (in the case of the first adjustment of the guarantee) and, (in the case of subsequent adjustments), the immediately preceding adjustment date. S:3145908_4 RCM S:3145908_4 RCM S:3145908_4 RCM S:3145908_4 RCM S:3145908_4 RCM S:3145908_4 RCM S:3145908_4 RCM S:3145908_4 RCM S:3145908_4 RCM S:3145908_4 RCM S:3145908_4 RCM S:3145908_5 RCM S:3145908_5 RCM S:3145908_5 RCM
Sample 1
Adjustment of Guarantee Amount. Upon the expiry of 42 months from the date of the Guarantee (the “Adjustment Date”), the City may issue a notice to the Developer requiring an adjustment to the Guarantee Amount. In such circumstances, the Guarantee Amounts are to be adjusted to a revised amount by applying the following formula: RGA = GA x (A/B) where: RGA is the revised guarantee amount applicable from the relevant Adjustment Date GA is the Guarantee Amount that is current on the relevant Adjustment Date A is the Index Number most recently published before the relevant Adjustment Date B is the Index Number most recently published before the date of the Guarantee for the Adjustment Date; and If after the formula is applied the revised Guarantee Amount will be less than the amount held, the Guarantee Amount will not be adjusted.
Sample 1
Adjustment of Guarantee Amount. On each anniversary of the date of the Guarantee (the “Adjustment Date”), the Guarantee Amounts are to be adjusted to a revised amount by applying the following formula: RGA = GA x (A/B) where: RGA is the revised guarantee amount applicable from the relevant Adjustment Date GA is the Guarantee Amount that is current on the relevant Adjustment Date A is the Index Number most recently published before the relevant Adjustment Date B is the Index Number most recently published: before the date of the Guarantee for the first Adjustment Date; and before the preceding Adjustment Date for every subsequent Adjustment Date If after the formula is applied the revised Guarantee Amount will be less than the amount held at the preceding Adjustment Date, the Guarantee Amount will not be adjusted.
Sample 1

Related to Adjustment of Guarantee Amount

  • Payment of GST If GST is payable on any supply made by a party (or any entity through which that Party acts) (Supplier) under or in connection with this Agreement, the recipient will pay to the Supplier an amount equal to the GST payable on the supply.

  • Weekly Guarantee Apprentices must be employed a minimum of forty (40) hours per week.

  • Additional Guarantors The Company shall cause each of its subsidiaries formed or acquired on or subsequent to the date hereof to become a Guarantor for all purposes of this Guarantee by executing and delivering an Assumption Agreement in the form of Annex 1 hereto.

  • Nature of Guaranty This Guaranty Agreement is an absolute, irrevocable, completed and continuing guaranty of payment and not a guaranty of collection, and no notice of the Liabilities or any extension of credit already or hereafter contracted by or extended to Borrower need be given to Guarantor. This Guaranty Agreement may not be revoked by Guarantor and shall continue to be effective with respect to debt under the Liabilities arising or created after any attempted revocation by Guarantor and shall remain in full force and effect until the Liabilities are paid in full and the Commitments are terminated, notwithstanding that from time to time prior thereto no Liabilities may be outstanding. Borrower and the Lenders may modify, alter, rearrange, extend for any period and/or renew from time to time the Liabilities, and the Lenders may waive any Default or Events of Default without notice to the Guarantor and in such event Guarantor will remain fully bound hereunder on the Liabilities. This Guaranty Agreement shall continue to be effective or be reinstated, as the case may be, if at any time any payment of the Liabilities is rescinded or must otherwise be returned by any of the Lenders upon the insolvency, bankruptcy or reorganization of Borrower or otherwise, all as though such payment had not been made. This Guaranty Agreement may be enforced by the Agent and any subsequent holder of any of the Liabilities and shall not be discharged by the assignment or negotiation of all or part of the Liabilities. Guarantor hereby expressly waives presentment, demand, notice of non-payment, protest and notice of protest and dishonor, notice of Default or Event of Default, notice of intent to accelerate the maturity and notice of acceleration of the maturity and any other notice in connection with the Liabilities, and also notice of acceptance of this Guaranty Agreement, acceptance on the part of the Agent for the benefit of the Lenders being conclusively presumed by the Lenders’ request for this Guaranty Agreement and delivery of the same to the Agent.

  • Continuing Guarantee This guarantee is a continuing guarantee and will extend to the ultimate balance of sums payable by any Obligor under the Finance Documents, regardless of any intermediate payment or discharge in whole or in part.

  • Daily Guarantee (a) Subject to the provisions of subsection (c), an employee reporting for a scheduled shift on the call of the Employer, shall receive the employee's regular hourly rate of pay for the entire period spent at the place of work, with a minimum of two (2) hours' pay at the regular hourly rate.

  • DISCLAIMER OF GUARANTEE Nothing in this Contract and nothing in Attorneys’ statements to Client will be construed as a promise or guarantee about the outcome of Client’s matter. Attorneys make no such promises or guarantees. Attorneys’ comments about the outcome of Client’s matter are expressions of opinion only.

Time is Money Join Law Insider Premium to draft better contracts faster.