Common use of Corporate Guarantee Clause in Contracts

Corporate Guarantee. At the time of the execution of this Contract, each of the Participating Companies shall deliver to CNH the Corporate Guarantee in the form of Annex 2, duly executed by their Guarantor. In the event the Guarantor of the Participating Company is not its parent company in the last corporate level, the Guarantor shall show CNH its duly audited consolidated financial statements demonstrating a minimum net worth of 6 billion Dollars. The minimum net worth shall be maintained until all of the obligations of the Participating Companies have been paid or performed in full on the terms provided in Annex 2. In the event the Guarantor is not the parent company in the last corporate level of the Contractor and in at any moment throughout the term of the Contract said Guarantor is unable to demonstrate a minimum accountable capital of 6 billion Dollars, the Contractor shall notify CNH within the next five (5) Days and submit a new Corporate Guarantee duly subscribed by the parent company in the last corporate level, or by a company with Control over the Contractor or under common Control of the Person exercising Control over the Contractor, duly capitalized in terms of this Article 17.2.

Corporate Guarantee. At the time of the execution of this Contract, each of the Participating Companies Contractor shall deliver to CNH the Corporate Guarantee in the form of Annex 2, duly executed by their the Guarantor. In the event the Guarantor of the Participating Company Contractor is not its ultimate parent company in the last corporate levelcompany, the Guarantor shall show CNH its duly audited consolidated financial statements demonstrating a minimum net worth of 6 billion Dollars. The minimum net worth shall be maintained until all of the obligations of the Participating Companies have been paid or performed in full on the terms provided in Annex 2. In the event the Guarantor is not its ultimate the parent company in the last corporate level of the Contractor and in at any moment throughout the term of the Contract said Guarantor is unable to demonstrate a minimum accountable capital of 6 billion DollarsDollars in accordance with Article 17.2, the Contractor contractor shall notify CNH within the next five (5) Days and submit a new Corporate Guarantee duly subscribed by the parent company in the last corporate levelcompany, or by a company with Control over the Contractor or under common Control of the Person exercising Control over the Contractor, duly capitalized in terms of this Article 17.2.

Corporate Guarantee. At the time of the execution of this Contract, each of the Participating Companies shall deliver to CNH the Corporate Guarantee in the form of Annex 2, duly executed by their Guarantor. In the event the Guarantor of the Participating Company is not its ultimate parent company in the last corporate levelcompany, the Guarantor shall show CNH its duly audited consolidated financial statements demonstrating a minimum net worth of 6 billion Dollars. The minimum net worth shall be maintained until all of the obligations of the Participating Companies have been paid or performed in full on the terms provided in Annex 2. In the event the Guarantor is not the parent company in the last corporate level of the Contractor and in at any moment throughout the term of the Contract said Guarantor is unable to demonstrate a minimum accountable capital of 6 billion Dollars, the Contractor shall notify CNH within the next five (5) Days and submit a new Corporate Guarantee duly subscribed by the parent company in the last corporate level, or by a company with Control over the Contractor or under common Control of the Person exercising Control over the Contractor, duly capitalized in terms of this Article 17.2.

Corporate Guarantee. At the time of the execution of this Contract, each of the Participating Companies shall deliver to CNH the Corporate Guarantee in the form of Annex 2, duly executed by their Guarantor. In the event the Guarantor of the Participating Company is not its ultimate parent company in the last corporate levelcompany, the Guarantor shall show CNH its duly audited consolidated financial statements demonstrating a minimum net worth of 6 billion Dollars. The minimum net worth shall be maintained until all of the obligations of the Participating Companies have been paid or performed in full on the terms provided in Annex 2. In the event the Guarantor is not its ultimate the parent company in the last corporate level of the Contractor and in at any moment throughout the term of the Contract said Guarantor is unable to demonstrate a minimum accountable capital of 6 billion DollarsDollars in accordance with Article 17.2, the Contractor contractor shall notify CNH within the next five (5) Days and submit a new Corporate Guarantee duly subscribed by the parent company in the last corporate levelcompany, or by a company with Control over the Contractor or under common Control of the Person exercising Control over the Contractor, duly capitalized in terms of this Article 17.2.