Guaranty Period. The guaranty period under this Contract is from the date of effectiveness of this Contract to 2 years after the expiry of each credit facilities under the Master Agreement. In case that the Creditor lawfully transfer its creditor’s right to a third party during the guaranty period, the Guarantor shall continue to perform its obligation of guaranty as originally agreed.
Guaranty Period. The contractor shall warrant all material furnished, equipment furnished and work performed by them for a period of one year from the date of written acceptance of the work. This warranty shall be documented to the City in writing by an authorized representative of the contractor. Failure of contractor to provide written warranty does not absolve contractor of said warranty.
Guaranty Period. A. The Contractor hereby agrees to keep all Work constructed under the Contract in Good Repair for a period of two (2) years from the date of Initial Acceptance, unless a longer period is otherwise specified in the Contract Documents. Upon written notice by certified mail from the Owner or the Owner's representative to the Contractor of any aspect of the Work found by the Owner not to be in Good Repair, the Work shall be remedied by the Contractor. Such remedy shall be made without further cost to the Owner, including in part, all damages caused by such defect, deficiency, deterioration, or departure, and by its repair, replacement or correction.
B. It is intended that this provision shall apply whether or not a bond is required, as a personal obligation of the Contractor. If the Contractor shall not proceed to remedy such defects, deficiencies, deteriorations, or departures called to his attention in the notice within seven (7) consecutive Calendar Days after mailing of notice, and diligently pursue such repairs, the Owner may cause the repairs to be made as the Owner deems best and the entire cost thereof shall be paid by the Contractor or its Surety or deducted from any amounts as are due to the Contractor from the Owner.
C. The obligations of the Contractor as herein provided shall be in addition to and not in limitation of any obligations imposed upon by him by special guaranty or warranty required by the Contract Documents or otherwise prescribed by law.
Guaranty Period two years as of the maturity date of the debt performance period under the Principal Agreement.
Guaranty Period a. The Architect agrees that it and its agents and subcontractors will conduct an observation and review of the Development in a reasonable and diligent manner, at or about the ninth month after the date of substantial completion as established by the Authority on Authority Form PSD 12:002 (the "Substantial Completion Date"), for purposes of discovering defective materials incorporated into the Development or deficiencies in the work performed in contravention of the Contract Documents. The Architect shall notify the Owner and the Authority of all such observed defects or deficiencies not less than ten (10) months after the Substantial Completion Date.
b. In addition to the observation and review required under Section 8a. hereof, the Architect and its agents and subcontractors shall conduct an observation and review of the Development for any observed defects or deficiencies in the following areas, at the specified times:
(1) The heating system during November, December, or January of the first winter following the Substantial Completion Date;
(2) The cooling system during July or August of the first summer following the Substantial Completion Date; and
(3) All landscaping during the first full growing season after the Substantial Completion Date. However, if as identified in Section 2, the Architect is not providing the design services for heating, cooling or landscaping, then the party with whom the Owner has contracted for the design of such element shall conduct the review described above. The Architect shall immediately notify the Owner and the Authority of any observed defects or deficiencies.
Guaranty Period. Item 4.1 If the main contract is a loan contract, the guaranty period of the Contract is: two years after the expiration of the loan under the main contract; if Party A announces that the loan expire in advance according to the item of the loan contract, the guaranty period of the Contract is two years starting from the day after the advanced expiration date of the loan.
Item 4.2 If the main contract is a banker's acceptance contract, the guaranty period is two years starting from the day after the date Party A pays to the third party.
Item 4.3 If the main contract is a guaranty contract, the guaranty period is two years starting from the day after the date Party A performs the duty of guarantee.
Item 4.4 If the main contract is a letter of credit issuing agreement / contract, the guaranty period is two years starting from the day after the date Party A pays the amount of letters of credit.
Item 4.5 If the main contract is another financing documents, the guaranty period is two years starting from the day after the expiration date or advanced expiration date of the loan under the main contract.
Guaranty Period. 5.1 The guaranty period under this contract is two years calculating from the expiration of the debt performing limitation under the principal contract, namely, two years calculating from the date of debt performing limitation performed by the debtor according to the specific business contract. The guaranty period of each specific business contract is calculated separately.
5.2 The principal contract shall prevail regarding to the debt performing limitation of the debtor to the principal contract. However, where the principal contract debt is matured in advance due to the reasons of the laws, regulations, rules, or the agreement under the principal contract, or the unanimity consent by the parties to the principal contract, or the parties to the principal contract decide to extend such limitation and approved by Party A, the accelerated due date or the extended due date shall be deemed as the expiration date of such debt performance. Where the principal contract states that the debtor may repay the debt in installment, the expiration date of such debt shall be deemed as the expiration date of such debt performance. Where the businesses under the principal contract are letter of credit or bank acceptance bill, the date of L/C or the advance date of bank acceptance bill shall be deemed as the expiration date of such debt performance of the debtor to the principal contract. Where the business under the principal contract is letter of guaranty, the actual performance date of such letter of guaranty fulfilled by Party B shall be deemed as the expiration date of such debt performance of the debtor to the principal contract. Where the business under the principal contract is factoring one, the payment date of the repurchase price regulated in the factoring contract shall be deemed as the expiration date of such debt performance of the debtor to the principal contract. Where the business under the principal contract is other contingent liabilities one, the actual payment date paid by Party B t shall be deemed as the expiration date of such debt performance of the debtor to the principal contract.
Guaranty Period. The guaranty period hereunder (tick "√" in front of the option): þA period from the date of effectiveness of this Contract to two years after the date of expiry of the debt performance period of various specific credits under the Main Contract. The guaranty period of each specific credit shall be calculated independently. In case of expansion of a specific credit term, the guaranty period shall be extended to two years after the expiration of the extended period. □ If Party A transfers its creditor's right to a third party during the suretyship period, Party B hereby agrees to continuously bear guaranty liability within the scope of the original suretyship.
Guaranty Period. The guaranty period of the Agreement is two years from the deadline of the repayment period of the Principal Credit. If the Principal Credit is to be repaid in installments, then the guaranty period two years from the date on which the Agreement taking into effect to the deadline of repayment period of the last debt..
Guaranty Period. 1. The guaranty period under this Contract shall be two years from the expiry date for the indebtedness of the Obligor under the Loan Agreements.
2. For acceptance of bank draft, issuance of L/C without or with reduced deposit and bank guarantee, the guaranty period shall be two years from the date that the Creditor bears the obligations of the Obligor.
3. For discount of commercial draft, the guaranty period shall be two years from the expiry date of the commercial draft.
4. In case that the Obligor and Creditor reach agreement to extend the term of the indebtedness of the Obligor, the Guarantor shall continue to bear the obligation of guaranty and the guaranty period shall two years from the expiry of the extended term of the indebtedness.
5. Upon occurrence of certain event as stipulated by law or the Loan Agreement, the Creditor may demand the indebtedness of the Obligor become mature before the expiry of the original term. And under such circumstance the guaranty period shall 2 years from the mature date of the indebtedness as demanded by the Creditor in accordance with law or the Loan Agreement.
