Financial Guarantee Sample Clauses

Financial Guarantee. In AK, AL, CO, KY, MA, NY, OR, VT, IA, ID, IN, KS, LA, MD, MI, MS, MT, NE, NC, ND, PA, PR, RI, SD, TN, and WV obligations under this Agreement are secured by the full faith and credit of Likewize Corp. the parent company of Likewize Device Protection, LLC. In the event Likewize Device Protection, LLC fails to perform or pay any covered service or claim, pay any refund, pay any requested performance, You may contact Likewize Corp at (▇▇▇) ▇▇▇-▇▇▇▇.

Financial Guarantee. ‌ 1. The ACO must have the ability to repay all Shared Losses and Other Monies Owed for which it may be liable under the terms of this Agreement and shall provide a financial guarantee for each Performance Year in accordance with the terms set forth in Appendix L. 2. The ACO shall submit such documentation of such financial guarantee for the first Performance Year to CMS by a date determined by CMS, and thereafter in accordance with Appendix L. 3. Any changes made to a financial guarantee must be approved in advance by CMS. 4. Nothing in this Agreement or its Appendices shall be construed to limit the ACO’s liability to pay any Shared Losses or Other Monies Owed in excess of the amount of the financial guarantee.

Financial Guarantee. 30.1 By derogation from article 30 of the General Conditions, no pre-financing guarantee is required.

Financial Guarantee. 30.1 Subject to a positive risk assessment4 by the contracting authority, by derogation from article 30 of the general conditions no pre-financing guarantee is required.

Financial Guarantee. 19.1. Prior to the issuance of the first invoice, if required by ENEL, the SUPPLIER must submit one or more on first demand financial guarantees in favour of ENEL (according to the model included in the appendix of this Contract subject to local legislation and enforced in the country affected by this Annex, granted by a local high-level Bank or a branch of a foreign bank domiciled there, which has been previously accepted by ENEL, for a minimum value equal 20% of the total Contract value (or any other value expressly indicated therein) to ensure the fulfilment of all the obligations derived from the Contract, including the applicable compensations or penalties attributable to it. In case that another date is established in the Contract, the guarantee or guarantees submitted by the SUPPLIER shall be available up to thirty (30) calendar days after the expiry of the Warranty Period or, if applicable, of the Final Acceptance and, consequently, they shall be returned upon written request by the SUPPLIER and once ENEL has made the relevant discounts and checks. In the case that financial guarantees due to expire on an earlier date are submitted, the SUPPLIER shall extend their validity to meet the required period, renewals shall be carried out with at least forty-five (45) calendar days in advance, otherwise, it will be understood as a contract breach in accordance with clause 16.3.1 m) of the General Part of these General Terms and Conditions of Contract. In the cases in which the SUPPLIER does not submit the guarantees in the required deadlines, and notwithstanding any other legal action that may be instituted, ENEL may opt to terminate the Contract or suspend their effects until the presentation of a guarantee approved by ENEL, as well as accept other equivalent guarantees offered by the SUPPLIER. In any case, ENEL shall be entitled pursuant to law to allocate all payments due to the SUPPLIER until the 10% of the total Contract value is reached as soon as the SUPPLIER fulfils its obligation of submitting the required guarantees. 19.2. According to the wording in the paragraph of the same name in the General Part of the General Terms and Conditions of Contract. 19.3. According to the wording in the paragraph of the same name in the General Part of the General Terms and Conditions of Contract. 19.4. According to the wording in the paragraph of the same name in the General Part of the General Terms and Conditions of Contract.

Financial Guarantee. If requested by the Company, Contractor shall be obliged to provide a financial guarantee in favour of the Company as indicated in the Agreement, as a guarantee for the obligations arising from the Agreement. The existence of a guarantee does not mean that the Contractor’s liability is limited to the amount or period of validity thereof. If the total value of the Agreement were to increase during its execution, the Company may ask the Contractor to provide a complementary financial guarantee with the same conditions indicated in the preceding sub-clauses. The costs of the financial guarantee shall be borne by Contractor.

Financial Guarantee. 30.1 [When the pre-financing requested is equal to or below EUR 300 000 and subject to a positive risk assessment7 by the contracting authority, by derogation from Article 30 of the general conditions no pre-financing guarantee is required.]

Financial Guarantee. A. The ACO must have the ability to repay all Shared Losses and Other Monies Owed for which it may be liable under the terms of the Agreement and shall provide a financial guarantee in accordance with terms set forth in Appendix H. B. The ACO shall submit documentation of such financial guarantee in accordance with Appendix H. C. Any changes made to a financial guarantee must be approved in advance by CMS. D. Nothing in the Agreement or its Appendices shall be construed to limit the ACO’s liability to pay any Shared Losses or Other Monies Owed in excess of the amount of the financial guarantee.

Financial Guarantee. 11.1. In order to secure any potential claims of EUS against the Shipper under this Contract and Individual Contract, the Parties have agreed that Shipper shall provide EUS with and shall maintain the financial guarantee in the form of (i) an irrevocable, unconditional bank guarantee in favour of EUS payable on first demand or (ii) a cash collateral. The financial security shall be provided no later than on June 26, 2019. The bank guarantee shall not expire sooner than two months after the expiration of the last Booked daily transmission capacity. All costs related to this bank guarantee shall be covered by the Shipper. The bank guarantee must be issued, and if relevant confirmed, by a bank with ▇▇▇▇▇’▇ long term credit rating of not less than Baa2 or Standard & Poor's BBB. The language of the document is English or Slovak. If the bank guarantee does not cover the overall required period the Shipper shall extend the bank guarantee until 60th day preceding the expiry of the currently valid bank guarantee. Financial guarantee in the form of collateral is payable to the following collateral bank account of EUS: IBAN ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ with the bank VÚB, a.s., Bratislava branch, SWIFT: ▇▇▇▇▇▇▇▇. Financial guarantee in the form of collateral shall not be considered as a down payment for transmission services. EUS shall return unspent financial resources of the cash collateral without any bank interests to the Shipper not later than two (2) months after the expiration of this Contract. 11.2. The Shipper shall provide and maintain a sufficient level of the financial guarantee in favour of EUS. A sufficient level of the financial guarantee shall be considered based on Shipper’s creditworthiness, the amount which is at least: Rating grade (n) monthly payment* ▇▇▇▇▇'▇ Standard & Poor's Fitch Ratings Aaa - Baa3 AAA - BBB- AAA - BBB- 2 Ba1 - Ba3 BB+ - BB- BB+ - BB- 4 B1 - C B+ - D B+ - D 6 Without rating 6 In case there is no Shipper’s credit rating, the credit rating of the Shipper’s parent company shall be considered provided that the parent’s company share on the Shipper is at least 51 %. 11.3. The Shipper is obliged to inform EUS of any change in the Shipper´s credit rating and/or, if it ceases to have a credit rating. If any change in the Shipper´s credit rating occurs or if it ceases to have a credit rating or any market event detrimentally affecting (in the reasonable opinion of EUS) the creditworthiness of the Shipper occurs, EUS shall have the righ...