Guarantee Amount. The Shipper shall provide GRTgaz with a Payment Guarantee of payment, the amount of which shall be determined as follows: For a Contract of a duration strictly less than two (2) Months, the amount of the Guarantee shall be equal to the total of the capacity terms and the fixed terms set out in Clause 8 of this Section A. For a Contract of a duration equal to or more than two (2) Months, the amount of the Guarantee shall be determined for each Month between the effective date and the expiry date of the Contract. The minimum amount of the Guarantee is: One hundred thousand (100,000) euros or, Twenty thousand (20,000) euros if the Shipper holds a gas supply licence allowing occasional natural gas purchases and sales at the Title Transfer Points to meet the needs of its own industrial facilities. The amount of the Guarantee for Month M shall be equal: either to the highest theoretical amount of the two (2) following values:
(i) the minimum amount of the Guarantee defined above when the Shipper has access to at least one
(1) Title Transfer Point during Month M, otherwise zero (0), or
(ii) twice (2x) the value of the total sum of following terms: o the fixed terms and the capacity terms for Month M for all Daily and Hourly Capacity, except for the Daily Delivery Capacity relating to Transport Distribution Interface Points, the Daily Transmission Capacity on the Regional Network relating to Transport Distribution Interface Points, and the Daily Exit Capacity on the Main Network relative to the Transport Distribution Interface Points, o and, if applicable, the capacity terms for Month M-2 for the Daily Delivery Capacity relating to Transport Distribution Interface Points, the Daily Transmission Capacity on the Regional Network relating to Transport Distribution Interface Points, and the Daily Exit Capacity on the Main Network relative to the Transport Distribution Interface Points, provided that Month M-2 takes place after the effective date of the Contract. or to the amount of the Guarantee of Month M-1, if the difference between the theoretical amount thereby calculated and the amount of the Guarantee of Month M-1 is less than twenty per cent (20%) in absolute value of the amount of the Guarantee of Month M-1.
Guarantee Amount. In consideration of the Beneficiary accepting this Undertaking and its terms, XXX undertakes unconditionally to pay the Beneficiary on written demand from time to time any sum or sums up to an aggregate amount not exceeding: Australian Dollars [insert amount] (Amount). XXX will pay the Amount or any part of it to the Beneficiary upon presentation of this original Undertaking (accompanied by a written demand) at [insert address] without reference to the Applicant and even if the Applicant has given XXX notice not to pay the money, and without regard to the performance or non- performance of the Applicant or Beneficiary under the terms of the contract or agreement. By accepting this Undertaking, the Beneficiary acknowledges and agrees that XXX may rely entirely on any demand or notice as presented to it and has no responsibility or obligation to investigate the authenticity or correctness of the matters stated in a demand or notice, the signatures on the same, the positions of such signatories or the capacity or entitlement of the Beneficiary to give and execute the demand or notice. Any alterations to the terms of the contract or agreement or any extensions of time or any other forbearance by the Beneficiary or Applicant will not impair or discharge XXX's liability under the Undertaking. This Undertaking remains in force until the first to occur of: - The Beneficiary notifies XXX in writing that the Undertaking is no longer required; - This original Undertaking is returned to [insert address]; - XXX has paid to the Beneficiary the Amount or the balance outstanding of the Amount; or
Guarantee Amount. The Guarantee Amount at any given time shall be equal to the aggregate sum of $3,000,000.00 minus the total of all payments theretofore made by the Authority under this Guarantee. Upon any payment by the Authority under this Guarantee, the Guarantee Amount shall be immediately and automatically reduced by the amount of such payment, except that the Guarantee Amount may be reinstated as provided in Section 9 hereof. NOTWITHSTANDING THE FOREGOING, THE GUARANTEE AMOUNT SHALL AUTOMATICALLY REDUCE TO ZERO AND THIS GUARANTEE SHALL TERMINATE ON MARCH 31, 1999, UNLESS PRIOR TO SUCH DATE LENDER HAS DELIVERED TO THE AUTHORITY UNDER SECTION 9 HEREOF A NOTICE OF DEFAULT OR A NOTICE THAT BORROWER HAS FAILED TO MAKE A PAYMENT UNDER THE LENDER LOAN DOCUMENTS ON DEMAND OF LENDER."
2.3. Section 13 of the Guarantee Agreement, entitled "Fees and Expenses of Authority", shall be amended to provide that the following fees are to be paid by the Borrower to the Authority on or before the effective date of this Fifth Amendment:
(i) a pro-rated commitment fee, extension fee and penalty fee in the aggregate amount of $8,750.00, and (ii) reimbursement of all reasonable legal fees and expenses incurred by the Authority in connection with this Fifth Amendment.
Guarantee Amount. 3.1 (General liability): If a company limited by guarantee is wound up, a present or past member of the company is liable to contribute up to the agreed amount to the company’s property:
(a) to pay the company’s debts and liabilities and the costs, charges and expenses of the winding up; and
(b) to adjust the rights of contributories among themselves
3.2 (Past members): However, a past member will not need to contribute:
(a) in respect of a debt or liability of the company contracted after the person ceased to be a member;
(b) if he, she or it was not a member during the year ending on the day of the commencement of the winding up; and
(c) unless it appears to an Australian court that the present members are unable to satisfy the contributions that they are liable to make under the Corporations Act
Guarantee Amount. EPP shall determine the guarantee or deposit amount on the basis of the quantity of Packaging placed on the market in the Republic of Estonia by the Packaging Undertaking in the previous calendar year. In the event that the Packaging Undertaking has not placed any Packaging on the market in the Republic of Estonia in the previous calendar year or if it is impossible for EPP to determine the quantity of Packaging placed on the market in the Republic of Estonia by the Packaging Undertaking in the previous year, EPP shall determine the respective guarantee or deposit amount at its own discretion.
Guarantee Amount. The Developer shall maintain a Letter Of Credit as specified in Section 5.1 above in an amount (the “Guarantee Amount”) equal to the sum of five (5) years of Access Fees, plus an additional amount agreed upon in writing by an Authorized Representative of MIRA sufficient to cover the cost of decommissioning the CEF. Developer shall maintain the Letter Of Credit in the Guarantee Amount for the Term of the Development Agreement and shall maintain and/or extend or renew such Enhanced Letter Of Credit within thirty (30) days prior to any scheduled expiration date set forth in a Letter Of Credit.
Guarantee Amount. During the Guarantee Period, ESCO guarantees that the Owner shall realize an amount of Savings according to the Savings Calculation Method in Exhibit D at least equal to the Loan payments required to repay the Construction Costs of the ECRMs (Guarantee Amount). This Guarantee Amount shall apply to all ECRMs implemented by ESCO in this ESA;
Guarantee Amount. University hereby guarantees to compensate Alaska up to the Guarantee Cap (as defined on Exhibit A), in accordance with Section 3 below, for operating the Scheduled Flights during the Service Period. For purposes of this Agreement, “Revenue” is defined as the actual passenger revenue Alaska receives for a Scheduled Flight, including revenue from frequent flier program award tickets and ancillary revenues derived from baggage fees and on-board food and beverage sales and any other revenue received by Alaska for each Scheduled Flight. “Aggregate Revenue” is defined as the sum of all Revenue for all Scheduled Flights actually operated by Alaska, SkyWest, or Horizon during the Service Period. “Actual Costs” are defined as the sum of Alaska’s reported costs of operating each of the Scheduled Flights during the Service Period plus a premium of 10%. By way of example only, if the cost of operating a Scheduled Flight is $10,000, the Actual Cost of that Scheduled Flight will be $11,000.
Guarantee Amount. The Parties agree that, until the obligations that arise from the Transactions are fully performed, and with the purpose of guaranteeing the performance thereof:
(a) In the event that, on any Valuation Date, the Guarantee Holder notifies the Guarantee Debtor that there is a Guarantee Amount, the Guarantee Debtor shall be required to grant guarantees in the Guarantee Amount in favor of the Guarantee Holder.
(b) The Parties agree that simultaneously with the execution of the Transactions, Party B agrees to grant a Guarantee Amount equal to 25% (twenty-five percent) of the Par Value of the Equity Swap.
(c) The guarantee shall be granted by the Guarantee Debtor prior to the Close of Business of the Banking Business Day following the notice referred to by paragraph (a) above, through the execution of a Guarantee Agreement, in terms of the Third Clause or increase of the guarantee under an existing Guarantee Agreement.
Guarantee Amount. 5.1 The Insurance Guarantee Policy shall provide, for each year of the Agreement, the following indemnity amounts: Throughout the Agreement Term R$ 172,000,000.00 (one hundred and seventy-two million reais)
5.2 The Agreement Performance Guarantee will be adjusted annually by the IRT.