Common use of Bank Guarantee Clause in Contracts

Bank Guarantee. 16.1 This general condition only applies if the applicable box in the particulars of sale is checked. 16.2 In this general condition: (a) “bank guarantee” means an unconditional and irrevocable guarantee or undertaking by a bank in a form satisfactory to the vendor to pay on demand any amount under this contract agreed in writing, and

Appears in 11 contracts

Samples: Contract of Sale of Land, Contract of Sale of Land, Contract of Sale of Land

AutoNDA by SimpleDocs

Bank Guarantee. 16.1 15.1 This general condition only applies if the applicable box in the particulars of sale is checked. 16.2 15.2 In this general condition: (a) “bank guarantee” means an unconditional and irrevocable guarantee or undertaking by a bank in a form satisfactory to the vendor to pay on demand any amount under this contract agreed in writing, and

Appears in 2 contracts

Samples: Contract of Sale of Land, Contract of Sale of Land

Bank Guarantee. 16.1 12.1 This general condition only applies if the applicable box in the particulars of sale is checked. 16.2 12.2 In this general condition: (a) “bank guarantee” means an unconditional and irrevocable guarantee or undertaking by a bank in a form satisfactory to the vendor to pay on demand any amount under this contract agreed in writing, and

Appears in 2 contracts

Samples: Contract of Sale of Land, Contract of Sale of Land

AutoNDA by SimpleDocs

Bank Guarantee. 16.1 This general condition only applies if the applicable box in the particulars of sale is checked. 16.2 In this general condition: (a) “bank guarantee” means an unconditional and irrevocable guarantee or undertaking by a bank in a form satisfactory to the vendor to pay on demand any amount under this contract agreed in writing, and

Appears in 1 contract

Samples: Contract of Sale of Land

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!