Demand Guarantee Sample Clauses

Demand Guarantee. 8.1 The CSIR shall, at its sole discretion, elect whether to call on the Supplier to provide to it the Demand Guarantee, within 10 (ten) Business Days of the Signature Date, or such other time as the CSIR may require, in an amount equal to 10% (ten percent) of the Contract Price. 8.2 If the CSIR requires the Supplier to obtain the Demand Guarantee for its proper performance in terms of this Agreement, the Supplier shall, at its cost, obtain and provide to the CSIR the requested guarantee, which shall be valid until such time as the Works have been completed, or this Agreement has been terminated (whichever event is earlier). The terms of the Demand Guarantee shall stipulate that the CSIR will be entitled to claim under the Demand Guarantee in respect of a breach of any of the Supplier’s obligations in terms of the Agreement. 8.3 In the event of the Demand Guarantee furnished in terms of the Agreement becoming unenforceable for any reason, including the insolvency of the third party issuing the Demand Guarantee, the Supplier will be obliged to procure the issue of a replacement guarantee, which will comply with the provisions of the Agreement. 8.4 The Supplier’s failure to furnish the Demand Guarantee requested by the CSIR, strictly in accordance with the provisions of this Agreement, shall constitute a material breach of this Agreement, entitling the CSIR to cancel this Agreement forthwith and without notice, whereupon the Supplier shall have no further claim of any nature whatsoever against the CSIR and the CSIR shall be entitled to claim all and any damages it may have suffered as a result of such breach.
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Demand Guarantee. 12.3.1 The Public Partner guarantees the allocation of funds for the Project Period in the amount that will allow the Private Partner to achieve the Break-Even Point in completion of Services and Operations at the end of each Operational Year (the “Demand Guarantee”). 12.3.2 The Break-Even Point shall be determined for each type of Identity Documents as 80% against the estimated volumes of the relevant Identity Documents set in Annex “Annex No. 3: Estimated services’ volumes“ of Technical Requirements (the “Target Volumes”) for the relevant Operational Year. 12.3.3 If the Private Partner does not achieve the Break-Even Point at the end of the Operational Year for all or some types of Identity Documents, the Public Partner shall make payments to the Private Partner to reach the Break-Even Point (the “Demand Guarantee Payments”), which shall be determined as follows: ∑DGPn = ((TVn x 0,8) - Vn) x PID, where DGPn – Demand Guarantee Payments for the relevant type of Identity Documents, TVn – the Target Volume of the relevant type of Identity Documents (as per Annex 3 of Technical Requirements) for the relevant Operational Year, Vn – the number of the relevant type of Identity Documents produced by the Private Partner in the Operational Year. PID – the price (in AMD) of the relevant type of Identity Documents (as per the Winner’s Bid and ANNEX 2 (Prices for Identity Documents) of the Agreement) produced by the Private Partner in a month of the Operational Year. 12.3.4 The total amount of the Demand Guarantee Payments for the Project Period shall be [the fixed amount to be added]. This total amount shall not be subject to any increase. 12.3.5 In each case the Demand Guarantee Payments are due, the Private Partner shall provide to the Public Partner 12.3.5.1 the written calculation of Demand Guarantee Payments for each type of Identity Documents and the full amount of all Demand Guarantee Payments in accordance with Clause 12.3.3; 12.3.5.2 the requested compensation for the relevant Operational Year. 12.3.6 The Public Partner shall ensure the transfer of the corresponding amount of the Demand Guarantee Payments in AMD to the bank account of the Private Partner by: 12.3.6.1 approving the allocation of the corresponding amount of the Demand Guarantee Payments from the Escrow Account within available amounts accumulated at the Escrow Account; and 12.3.6.2 allocating the outstanding debt under the Demand Guarantee Payments directly from the state budget if the amount ...
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Demand Guarantee. 2.1 At the request and expense of the EETS Provider, we, [Name, address and company registration no. of the bank] (the "Guarantor") hereby irrevocably and unconditionally guarantee for the ben- efit of the Beneficiary the on demand payment of any claim that the Beneficiary may have towards the EETS Provider under or in relation to the Agreement. 2.2 The Guarantor's aggregate liability under clause 2.1 is limited to an amount of DKK [amount]. 2.3 Any amount under the guarantee must be paid to the Beneficiary upon the first written demand from the Beneficiary in accordance with clause 2.5 without any examination or documentation of the legitimacy of the claim against the EETS Provider. The Beneficiary may exercise the guarantee one (1) or more times, provided that the Guarantor's aggregate liability shall not exceed the limi- tation set out in clause 2.2. 2.4 The Beneficiary reserves the right to grant the EETS Provider respite or relax the EETS Provider's obligations under Agreement without this guarantee being affected. 2.5 To exercise the on demand guarantee, the Beneficiary must notify the Guarantor in writing speci- fying (i) the amount of the claim; and (ii) the account to which payment shall be made. The written notice must be provided by way of e-mail to the following address: [Guarantor: Insert contact details] 2.6 Payment must be made within ten (10) Business Days of the Guarantor's receipt of written notice in accordance with clause 2.3. Interest shall accrue in accordance with the Danish Interest Act (in Danish: “Renteloven”) in the event of late payment. 2.7 This guarantee shall apply as of the signature date and shall be in effect until terminated in ac- cordance with this provision. The guarantee terminates, and the Guarantor shall be released from its obligations hereunder, upon (i) payment from the Guarantor of an amount (in the aggregate) equal to the limitation set out in clause 2.2; or (ii) written confirmation signed by an appropriately authorised representative of the Benefi- ciary confirming release of the Guarantor's obligations.
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Demand Guarantee. From : UGI Corporation To : The Lenders and the Facility Agent under the Facilities Agreement (the “Beneficiaries”), duly represented for the purposes hereof by the Facility Agent. The undersigned, UGI Corporation, a Pennsylvania corporation (the “Guarantor”) is duly represented for the purposes hereof by Xx Xxx Xxxxxxxxx, duly authorized. Whereas, AGZ Holding, a French société anonyme with registered number is 413 765 108 RCS Nanterre, having its registered office at 0, Xxxxx Xx Saverne Immeuble Les Xxxxxxxxxxx, 00000 Xxxxxxxxxx, Xxxxxx, is controlled (indirectly) by the Guarantor within the meaning of article L. 233-3 of the French Code de Commerce and is a borrower under a facilities agreement dated 16 March 2011 executed between among others, (i) AGZ Holding as Borrower and Security Grantor (as such terms are defined therein), (ii) Antargaz (together with AGZ Holding, the “Borrowers”) as Borrower (as such term is defined therein), (iii) Natixis as Mandated Lead Arranger and Bookrunner, Facility Agent and Security Agent (as such terms are defined therein), (iv) BNP Paribas, Caisse Régionale de Crédit Agricole Mutuel de Paris et D’Ile De France and Crédit Lyonnais as Mandated Lead Arrangers and Bookrunners (as such terms are defined therein), (v) the Mandated Lead Arrangers (as such term is defined therein), (vi) the Arrangers (as such term is defined therein) and (vii) the Lenders (as such term is defined therein), pursuant to which the Lenders have agreed to make available certain credit facilities to the Borrowers in a total maximum principal amount of € 420,000,000 (the “Facilities Agreement”).
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Demand Guarantee. The Guarantor unconditionally and irrevocably undertakes immediately on the first written demand by the Agent from time to time to make payment in accordance with its obligations under Clause 2.1 without any right of recourse, objections or reference to any underlying rights and/or obligations of whatsoever nature, including but not limited to the Finance Documents where such demand is accompanied by a statement of the Agent that a payment has fallen due in respect of the Obligations, and that the Borrower has failed to make such payment when due (for whatsoever reason). Each of such payments so demanded shall be made by the Guarantor immediately to such account(s) as the Agent may from time to time notify in writing.
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Demand Guarantee. The Owner shall not be obliged to first demand upon the Charterer or levy upon it or its property, or to take any steps for exercising its rights against the Charterer or any other security. The Guarantor hereby waives all or any of the Guarantor’s rights as surety which may at any time be inconsistent with any of the provisions of this Guarantee.
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Demand Guarantee. The debt of the Guarantor hereunder shall be paid on demand. That is to say, as long as the Creditor submits to the Guarantor a debt xxxxxxx notice specifying the number of the Guarantee Contract and the amount of main debt, the Guarantor shall immediately fulfill settlement responsibility at the date of receiving the notice.
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Related to Demand Guarantee

  • Guarantee The Guarantor irrevocably and unconditionally agrees to pay in full to the Holders the Guarantee Payments (without duplication of amounts theretofore paid by the Issuer), as and when due, regardless of any defense, right of set-off or counterclaim that the Issuer may have or assert. The Guarantor's obligation to make a Guarantee Payment may be satisfied by direct payment of the required amounts by the Guarantor to the Holders or by causing the Issuer to pay such amounts to the Holders.

  • Guaranty Each Guarantor hereby absolutely and unconditionally, jointly and severally guarantees, as primary obligor and as a guaranty of payment and performance and not merely as a guaranty of collection, prompt payment when due, whether at stated maturity, by required prepayment, upon acceleration, demand or otherwise, and at all times thereafter, of any and all Secured Obligations (for each Guarantor, subject to the proviso in this sentence, its “Guaranteed Obligations”); provided that (a) the Guaranteed Obligations of a Guarantor shall exclude any Excluded Swap Obligations with respect to such Guarantor and (b) the liability of each Guarantor individually with respect to this Guaranty shall be limited to an aggregate amount equal to the largest amount that would not render its obligations hereunder subject to avoidance under Section 548 of the Bankruptcy Code of the United States or any comparable provisions of any applicable state law. Without limiting the generality of the foregoing, the Guaranteed Obligations shall include any such indebtedness, obligations, and liabilities, or portion thereof, which may be or hereafter become unenforceable or compromised or shall be an allowed or disallowed claim under any proceeding or case commenced by or against any debtor under any Debtor Relief Laws. The Administrative Agent’s books and records showing the amount of the Obligations shall be admissible in evidence in any action or proceeding, and shall be binding upon each Guarantor, and conclusive for the purpose of establishing the amount of the Secured Obligations. This Guaranty shall not be affected by the genuineness, validity, regularity or enforceability of the Secured Obligations or any instrument or agreement evidencing any Secured Obligations, or by the existence, validity, enforceability, perfection, non-perfection or extent of any collateral therefor, or by any fact or circumstance relating to the Secured Obligations which might otherwise constitute a defense to the obligations of the Guarantors, or any of them, under this Guaranty, and each Guarantor hereby irrevocably waives any defenses it may now have or hereafter acquire in any way relating to any or all of the foregoing.

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