Payment guarantees. 6.7.1. Where it has been fixed that the payment must come with a bank guarantee, the Buyer, together with the order confirmation, must provide the Seller with a bank demand guarantee, issued according to the ICC’s Uniform Rules for Demand Guarantees by a primary Italian bank and payable against simple Seller’s declaration of not having received the payment within the agreed deadline.
Payment guarantees. In the event that the Seller grants Credit to the Buyer, he shall demand to the Buyer, before beginning the operations, to guarantee the payment of the Product at the supply moment through a bond or a promissory letter or any other kind of guarantee, in the form, amount and life that the Seller determines. The bond shall be issued by any institution that has executed any prior bond agreement with the Seller. If the guarantee is a promissory letter, it shall be issued under the terms fixed by the Seller and it could be obtained by the Buyer’s bank of preference.
Payment guarantees. 8.6.1 Provided that GENCO has provided the notice of First Commissioning Date to UETCL as contemplated by Clause 6.2.1, then on or before the earlier of the actual Commercial Operations Date or the deemed Commercial Operations Date (determined in accordance with the provisions of Clause 6.3.1), UETCL shall procure the issuance of the Bank Guarantee in the Bank Guarantee Required Amount issued by an Acceptable Bank.
Payment guarantees. Art. 1. (1) The consumer who opted for the standard payment referred to in art. 1 par. (1) to (4) of Annex no. 6 to this contract and which do not comply with the conditions of Article 7 paragraph (2) of this Annex shall provide the Supplier with payment guarantees:
Payment guarantees. SECU- RITY -
Payment guarantees. By executing this Agreement, Biver unconditionally guarantees payment of all amounts payable by Parent under subsections (a) and (d) of this Section 8.3. By executing this Agreement, Xxxx unconditionally guarantees payment of all amounts payable by Purchaser under subsections (b) and (d) of this Section 8.3.
Payment guarantees. CLAUSE THIRTEEN — Within the thirty (30) day-term prior to the date on which the power supply object hereof commences, under the Accounting and Settlement (SCL) System of CCEE, PURCHASER shall give a payment guarantee to SELLER sufficient to liquidate the three (3) billing months through one of the types listed below, which will be accepted at SELLER’s discretion after [illegible] as to the quality, regardless of the type of constitution, under the penalty of payment of a ten percent (10%) fine on the value of the AGREEMENT, without prejudice to the application of the other penalties set forth herein in view of the non-fulfillment of its clauses and conditions. If PURCHASER does not fulfill the obligation provided for in this Clause in the due term, SELLER will be discharged from commencing to supply the POWER object hereunder on 05/01/2009, and the POWER supply may be delayed for the same number of months which PURCHASER possibly may delay the granting of guarantee for the payment provided for herein.
Payment guarantees. No later than one (1) Business Day after the date hereof, the Purchaser will deliver to the Seller the GME Payment Guarantee and the Shanghai Subsidiaries Payment Guarantee, dated the date thereof and duly executed by the GME Guarantor and Shanghai Subsidiaries Guarantor, respectively. Each of the Payment Guarantees is in full force and irrevocable and constitutes the legal, valid and binding obligation of the respective Guarantors, enforceable in accordance with its terms, and has not been amended, withdrawn or rescinded in any respect. No event has occurred which, with or without notice, lapse of time or both, would constitute a default on the part of the respective Guarantors under the corresponding Payment Guarantees.
Payment guarantees. The Service Provider reserves the right to request legal and financial information and payment guarantees from the Organizer if it considers it necessary.
Payment guarantees this guarantee shall remain in force until Acceptance in writing by HPC of the ordered FLTs. to the agreement (whichever date is later).
