Common use of Financial Guarantee Clause in Contracts

Financial Guarantee. 7.1 The Service Provider shall provide to Transnet on or before the Effective Date, a Financial Guarantee in the form agreed to and included in Attachment F. This Financial Guarantee shall be for R79 000 000.00 (seventy nine million rands) and shall remain in full force and effect for the duration of the Agreement (including any renewal hereof).

Financial Guarantee. 7.1 The Service Provider shall provide to Transnet on or before the Effective Date, a Financial Guarantee in the form agreed to and included in Attachment F. This Financial Guarantee shall be for R79 000 000.00 the sum of being 5% (seventy nine million randsfive percent) of the total contract value and shall remain in full force and effect for the duration of the Agreement (including any renewal hereof).