Guarantee No Clause Samples
The "Guarantee No" clause serves to clarify that no guarantees or warranties are being provided by one party to the other within the context of the agreement. In practice, this means that the party disclaims any responsibility for the performance, quality, or outcome of goods, services, or obligations covered by the contract. This clause is commonly used to limit liability and manage expectations, ensuring that the recipient cannot later claim reliance on any unprovided guarantees.
Guarantee No. GU- 01-048/10 of Luxoft International Company Limited, Akara Building, ▇▇ ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, Wickhams Cay 1, ▇.▇. ▇▇▇ ▇▇▇▇, ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇;
Guarantee No. We hereby guarantee a pay-off amount up to 572,000 NIS (five hundred seventy two thousand NIS)* when it is subject to the economic index as specified herein (hereinafter the “Guarantee Amount”), which you will receive or should receive from Vyyo Ltd (hereinafter the “Applicants”) with respect to the agreement dated November 4, 2004 executed between your and the Applicants (hereinafter the “Agreement”). For the purposes pf this guarantee, the term “economic index” shall mean: the index of consumer prices, which includes fruits and vegetable and which is published by the Central Bureau of Statistics and General Research, even if the same index is published by a different governmental institute in addition to any other replacing official index, whether or not it be constructed by the same data according to which the current index is set (constructed). If it will turn out that the last index published before payment according to this guarantee (hereinafter: the “New Index”) that the New Index increased compared to the September 2004 index that was published on 15/10/2004 that is 100.6 points (hereinafter: the “Basic Index”)* then, the Guarantee Amount will be calculated with an increase in a rate similar to rate of the New Index as opposed to the Basic Index. We will pay you, from time to time, in any event within 7 days after your first written demand, any amount up to the Guarantee Amount, without imposing on you a justifiable basis for your request or demand first a payment from the Applicants, conditioned (however) upon that the inclusive amount that we will have to pay as per your total demands will not exceed the Guarantee Amount. Should the guarantee will not be fully consummated, the guarantee will remain in effect for the unused amount. This guarantee is in effect until the day of inclusive, and any written demand must arrive to the branch’s offices, the undersigned, whose address is , should arrive no later then the specified date; a demand that is served upon us after the specified date herein will not be answered. We will not be permitted to cancel the guarantee for any reason or cause. We will not be permitted to refrain from payment in accordance with this guarantee for any reason or cause and we hereby specifically renounce any future claims including any option that this granted to the guarantor by law. In addition to the stated-above the guarantee is final, decisive, irrevocable, unconditional and independent. This guarantee is subject to conv...
Guarantee No. We hereby guarantee a pay-off amount up to 676,600 NIS (six hundred seventy six thousand and six hundred NIS)* when it is subject to the economic index as specified herein (hereinafter the “Guarantee Amount”), which you will receive or should receive from Xtend Networks Ltd (hereinafter the “Applicants”) with respect to the agreement dated November 4, 2004 executed between you and the Applicants (hereinafter the “Agreement”).
Guarantee No selvskyldnerkausjon) and indemnity Each Guarantor hereby, jointly and severally, irrevocably and unconditionally:
a) guarantees to the Security Agent (on behalf, and for the benefit, of the Secured Parties), as independent primary obligor (No. selvskyldner), the payment, discharge and punctual performance of the Guaranteed Obligations until the expiry of the Guarantee Period;
b) undertakes with the Security Agent (on behalf, and for the benefit, of the Secured Parties) that it shall, when due under or in connection with any Debt Document, promptly upon demand pay any amount owed in connection with the Guaranteed Obligations as if it was the primary obligor; and
c) undertakes with the Security Agent (on behalf, and for the benefit, of the Secured Parties) that it shall, if any of the Guaranteed Obligations is or becomes unenforceable, invalid or illegal, promptly upon demand indemnify the Security Agent (on behalf, and for the benefit, of the Secured Parties) against any cost, loss or liability incurred as a result of such unenforceability, invalidity or illegality, and pay, on the relevant due dates, any amounts which would have been payable in respect of any Debt Document if it had not been for such unenforceability, invalidity or illegality. The amount payable by a Guarantor under this indemnity will not exceed the amount the Guarantor would have had to pay under this Guarantee if the amount claimed had been recoverable on the basis of a guarantee.