Delivery to Council of Bank Guarantee Sample Clauses

Delivery to Council of Bank Guarantee. ‌ The Developers must deliver to Council an unconditional Bank Guarantee in a form acceptable to the Council for an amount and by the time specified in Schedule 3 (Bank Guarantee).
Sample 1
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Delivery to Council of Bank Guarantee. Prior to the issue of a Subdivision Certificate for each Stage of the Development, the Developer must deliver to Council a Bank Guarantee for an amount equal to the Security Value for the Works.
Sample 1
Delivery to Council of Bank Guarantee. (a) On the date this Agreement becomes operative, the Proponents must deliver to the Council an unconditional bank guarantee from an Australian Bank: (i) in favour of the Council; and (ii) on terms acceptable to the Council, (iii) for an amount equal to one hundred percent (100%) of the first Total Yearly Contribution Amount (Bank Guarantee). (b) Where the Total Yearly Contribution Amount for any year specified in Schedule 4 changes, then within fourteen days of the due date for payment of that Total Yearly Contribution Amount, the Proponents must provide the Council with a replacement bank guarantee on the same terms as the Bank Guarantee but for 100% of the relevant Total Yearly Contribution Amount specified for that year (Replacement Bank Guarantee).
Sample 1
Delivery to Council of Bank Guarantee. Except to the extent that a bank guarantee, bond or other security has been provided by the Developer (or its contractor performing the Works, or any part thereof) in relation to the Works (or any part thereof) pursuant to a development consent (granted by Council or any other relevant Authority) in connection with the Land, prior to the issue of a Subdivision Works Certificate for the Development, the Developer must deliver to Council a Bank Guarantee in the amount of 5% of the value of the Works.
Sample 1
Delivery to Council of Bank Guarantee. Except to the extent that a bank guarantee, bond or other security of equal or more value has been provided by the Developer in relation to the Works (or any part thereof) pursuant to a development consent (granted by Council or any other relevant Authority) in connection with the Land, prior to the issue of a Subdivision Works Certificate for the Development, the Developer must deliver to Council one (1) or more Bank Guarantees comprising of the following amounts: (a) 100% of the value of the Water Main Works, being $366,000; (b) 75% of the value of the Road Upgrade Works, being $472,500; and (c) 25% of the value of the Sewer Main Works, being $122,527.50.
Sample 1
Delivery to Council of Bank Guarantee. (1) The Developer must deliver to Council an unconditional bank guarantee(s) from a major Australian bank (Bank Guarantee) as follows: (a) in a form acceptable to Council; (b) in the amount and as described in Schedule 8; and (c) without an expiry date. (2) The Bank Guarantee must be provided to Council when the Developer returns to Council this original executed agreement in duplicate. Council is not required to sign, nor is bound by this agreement, until the Bank Guarantees have been provided to Council in accordance with the requirements of this clause 11.4 (1) & (2).
Sample 1
Delivery to Council of Bank Guarantee. Prior to the release of a Subdivision Certificate in respect of the Development, the Developer must deliver to Council an unconditional bank guarantee in a form acceptable to the Council for the amount of $20,000.00 (Bank Guarantee).
Sample 1
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Delivery to Council of Bank Guarantee. The Developer must deliver to Council one or more Bank Guarantees: 17.1.1 in the amount(s) equal to the sum of the Security Value; and 17.1. 2 by the time specified in Table 2 of Schedule 4.
Sample 1

Related to Delivery to Council of Bank Guarantee

  • Approval of Bank Counsel All legal matters incidental to the extension of credit by Bank shall be satisfactory to Bank's counsel.

  • State Boilerplate Affirmation Clause I swear or affirm under the penalties of perjury that I have not altered, modified, changed or deleted the State's standard contract clauses (as contained in the 2022 SCM Template) in any way except as follows:

  • Opinion and Negative Assurance Letter of Counsel for the Underwriters The Representatives shall have received on and as of the Closing Date or the Additional Closing Date, as the case may be, an opinion and negative assurance letter of Xxxxxx LLP, counsel for the Underwriters, with respect to such matters as the Representatives may reasonably request, and such counsel shall have received such documents and information as they may reasonably request to enable them to pass upon such matters.

  • Amendments Relating to the Limited Guaranty Notwithstanding Sections 11.01 or 12.01: (i) the provisions of this Article XII may be amended, superseded or deleted, (ii) the Limited Guaranty or Subordinate Certificate Loss Obligation may be amended, reduced or canceled, and (iii) any other provision of this Agreement which is related or incidental to the matters described in this Article XII may be amended in any manner; in each case by written instrument executed or consented to by the Company and Residential Funding but without the consent of any Certificateholder and without the consent of the Master Servicer or the Trustee being required unless any such amendment would impose any additional obligation on, or otherwise adversely affect the interests of, the Master Servicer or the Trustee, as applicable; provided that the Company shall also obtain a letter from each nationally recognized credit rating agency that rated the Class B Certificates at the request of the Company to the effect that such amendment, reduction, deletion or cancellation will not lower the rating on the Class B Certificates below the lesser of (a) the then-current rating assigned to the Class B Certificates by such rating agency and (b) the original rating assigned to the Class B Certificates by such rating agency, unless (A) the Holder of 100% of the Class B Certificates is Residential Funding or an Affiliate of Residential Funding, or (B) such amendment, reduction, deletion or cancellation is made in accordance with Section 11.01(e) and, provided further that the Company obtains (subject to the provisions of Section 10.01(f) as if the Company was substituted for the Master Servicer solely for the purposes of such provision), in the case of a material amendment or supersession (but not a reduction, cancellation or deletion of the Limited Guaranty or the Subordinate Certificate Loss Obligation), an Opinion of Counsel (which need not be an opinion of Independent counsel) to the effect that any such amendment or supersession will not cause either (a) any federal tax to be imposed on the Trust Fund, including without limitation, any federal tax imposed on "prohibited transactions" under Section 860F(a)(1) of the Code or on "contributions after the startup date" under Section 860G(d)(1) of the Code or (b) the Trust Fund to fail to qualify as a REMIC at any time that any Certificate is outstanding. A copy of any such instrument shall be provided to the Trustee and the Master Servicer together with an Opinion of Counsel that such amendment complies with this Section 12.02. EXHIBIT L [FORM OF LIMITED GUARANTY] LIMITED GUARANTY RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC. Mortgage Pass-Through Certificates Series ________ ___________, 20____ [Trustee] Attention: Residential Funding Corporation Series ________ Ladies and Gentlemen:

  • Deadlines for Providing Insurance Documents after Renewal or Upon Request As set forth herein, certain insurance documents must be provided to the OGS Procurement Services contact identified in the Contract Award Notice after renewal or upon request. This requirement means that the Contractor shall provide the applicable insurance document to OGS as soon as possible but in no event later than the following time periods:

  • Notice of Agreement 1. The Institutions agree to provide a copy of this Agreement, with any amendments, to the Maryland Higher Education Commission. 2. The Institutions agree to provide copies of this Agreement to all relevant individuals and departments of the Institutions, including but not limited to students, academic department chairs participating in the transfer, offices of the president, registrar’s offices, and financial aid offices.

  • Opinion and 10b-5 Statement of Counsel for the Underwriters The Representatives shall have received on and as of the Closing Date or the Additional Closing Date, as the case may be, an opinion and 10b-5 statement of Xxxxx Xxxx & Xxxxxxxx LLP, counsel for the Underwriters, with respect to such matters as the Representatives may reasonably request, and such counsel shall have received such documents and information as they may reasonably request to enable them to pass upon such matters.

  • Amendment of Agreement and Certificate of Limited Partnership For the admission to the Partnership of any Partner, the General Partner shall take all steps necessary and appropriate under the Act to amend the records of the Partnership and, if necessary, to prepare as soon as practical an amendment of this Agreement (including an amendment of Exhibit A) and, if required by law, shall prepare and file an amendment to the Certificate and may for this purpose exercise the power of attorney granted pursuant to Section 2.4 hereof.

  • Express Waiver: I desire to expressly waive any claim of confidentiality as to any and all information contained within our response to the competitive procurement process (e.g. RFP, CSP, Bid, RFQ, etc.) by completing the following and submitting this sheet with our response to Education Service Center Region 8 and TIPS.

  • Opinion of General Counsel of the Company The General Counsel of the Company, shall have furnished to the Representatives, at the request of the Company, a written opinion, dated the Closing Date and addressed to the Underwriters, in form and substance reasonably satisfactory to the Representatives and substantially in the form previously agreed by the parties hereto.

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