Practice Guarantees Sample Clauses
The Practice Guarantees clause sets out assurances provided by one party regarding the quality, performance, or compliance of their professional services. Typically, this clause outlines specific standards or outcomes that the service provider commits to meet, such as adhering to industry norms or rectifying any deficiencies at no additional cost. Its core function is to protect the client by ensuring accountability and providing remedies if the services delivered do not meet agreed-upon expectations.
Practice Guarantees. Enter into Practice Guarantees with a term of 30 months or longer in an aggregate amount in excess of $300,000,000 in effect at any time with respect to all such Practice Guarantees.
Practice Guarantees. The amount of any Contingent Obligation shall be deemed to be an amount equal to the stated or determinable amount (based on the maximum reasonably anticipated net liability in respect thereof as determined by the Company in good faith) of the primary obligation or portion thereof in respect of which such Contingent Obligation is made or, if not stated or determinable, the maximum reasonably anticipated net liability in respect thereof (assuming such Person is required to perform thereunder) as determined by the Company in good faith.
Practice Guarantees. CLAUSES RESTRICTING SUBSIDIARY DISTRIBUTIONS....