Common use of Pre-financing Clause in Contracts

Pre-financing. Pre-financing is intended to provide the beneficiaries with a float. Where required by the provisions of Article I.5 on pre-financing, the co-ordinator shall furnish a financial guarantee from a bank or an approved financial institution established in one of the Member States of the European Union7.

Pre-financing. Pre-financing is intended to provide the beneficiaries beneficiary with a float. Where required by the provisions of Article I.5 I.4 on pre-financing, the co-ordinator beneficiaries shall furnish a financial guarantee from a bank or an approved financial institution established in one of the Member States of the European Union7Union.12 The guarantor shall stand as first call guarantor and shall not require the Commission to have recourse against the principal debtor (the beneficiaries).

Pre-financing. Pre-financing is intended to provide the beneficiaries with a float. Where required by the provisions of Article I.5 on pre-financing, the co-ordinator shall furnish provide a financial guarantee from a bank or an approved financial institution established in one of the Member States of the European Union7Union2.

Pre-financing. Pre-financing is intended to provide the beneficiaries with a floatfloat (treasury reserve). Where required by the provisions of Article I.5 on pre-financing, the co-ordinator shall furnish a financial guarantee from a bank or an approved financial institution established in one of the Member States of the European Union7Union12. The guarantor shall stand as first call guarantor and shall not require the Commission to have recourse against the principal debtor.