GUARANTEES OF USER Sample Clauses

GUARANTEES OF USER. 29.1 User to provide Security [insert if provision of security is a condition precedent]

GUARANTEES OF USER. ‌ 29.1 User to provide Security [insert if provision of security is a condition precedent]‌ [Notwithstanding clause 2], it is a condition precedent to this Agreement that the User must provide to DBCT Management, the Security in Schedule 8, effective not later than the Effective Date, to secure the obligations of the User to DBCT Management under this Agreement.

GUARANTEES OF USER. User to provide Security [insert if provision of security is a condition precedent] [Notwithstanding clause 2], it is a condition precedent to this Agreement that the User must provide to DBCT Management, the Security in Schedule 8, effective not later than the Effective Date, to secure the obligations of the User to DBCT Management under this Agreement. Failure to provide Security [insert if relevant] If the User does not provide the Security referred to in clause 29.1, then this Agreement will have no force or effect. Guarantee if User does not remain in good financial standing If after the Execution Date: the User applies to DBCT Management to increase the Annual Contract Tonnage; in the reasonable opinion of DBCT Management, there is a likelihood that the User (or, if applicable, a provider of Security) may have ceased or will cease to be reputable or of good financial standing; or a Security previously given in connection with this Agreement is due to expire within 90 days, the User must provide such information to DBCT Management as may be reasonably requested by DBCT Management by notice to establish that the User (or, as applicable, a provider of Security) is reputable and of good financial standing. DBCT Management must keep any such information in the strictest confidence, except that DBCT Management may disclose such information on a confidential basis to its financiers and consultants who require such information to assess the solvency and creditworthiness of the User or provider of Security. If, after the Execution Date, in the reasonable opinion of DBCT Management, the User (or, as applicable, a provider of Security) has ceased to be reputable or of good financial standing with the capability to fulfil all of its obligations under (or in respect of) this Agreement or there is a materially increased risk that this will occur prior to the earlier of the Terminating Date and the end of the Term, then the User must provide, within 20 Business Days after written notice from DBCT Management, to DBCT Management, a Security which:- secures (to an extent reasonable in the circumstances) the obligations under this Agreement of the User to DBCT Management; is from an entity which, in the reasonable opinion of DBCT Management, is reputable and of good financial standing and with the capability to fulfil or cause the fulfilment of all of the financial obligations of the User under this Agreement; and is in a form, and for an amount and period, satisfactor...

GUARANTEES OF USER. 29.1 User to provide Security [insert if relevant]

GUARANTEES OF USER. User to provide Security [insert if provision of security is a condition precedent] [Notwithstanding clause 2], it is a condition precedent to this Agreement that the User must provide to DBCT Management, the Security in Schedule 8, effective not later than the Effective Date, to secure the obligations of the User to DBCT Management under this Agreement. Failure to provide Security [insert if relevant] If the User does not provide the Security referred to in clause 29.1, then this Agreement will have no force or effect. Guarantee if User does not remain in good financial standing If after the Execution Date: the User applies to DBCT Management to increase the Annual Contract Tonnage; in the reasonable opinion of DBCT Management, there is a likelihood that the User (or, if applicable, a provider of Security) may have ceased or will cease to be reputable or of good financial standing; or