Provision of Guarantee. On or prior to the Effective Date, each of the Parties comprising the Contractor (other than the National Company) shall provide to the State, at the sole discretion of the Ministry, either (i) a parent company guarantee in the form set forth in Annex D from a company acceptable to the Ministry or (ii) an irrevocable standby letter of credit from a first class international financial institution acceptable to the Ministry in the amount of [insert amount] Dollars ($[insert amount]), which corresponds to the minimum expenditure obligations of the Contractor under this Contract, and which shall remain valid and effective for six (6) months after the end of the Initial Exploration Period, any Extension Period and any additional extension thereof, as applicable. If the Parties comprising the Contractor (other than the National Company) fail to deliver to the Ministry the required guarantee by or on the Effective Date, this Contract shall be considered null and void without any further procedure or notice.
Provision of Guarantee. On or prior to the Effective Date, each of the Parties comprising the Contractor (other than the National Company) shall provide to the State, at the sole discretion of the Ministry, either (i) a parent company guarantee in the form set forth in Annex D from a company acceptable to the Ministry in the amount of two hundred million Dollars ($200,000,000), or (ii) an irrevocable standby letter of credit from a first class international financial institution acceptable to the Ministry in the amount of the minimum expenditure obligations of the Contractor corresponding to the Minimum Work Program of the then current Sub-Period or Extension Period, as applicable, and which shall remain valid and effective for six (6) months after the end of the relevant Sub-Period, any Extension Period and any additional extension thereof, as applicable. If the Parties comprising the Contractor (other than the National Company) fail to deliver to the Ministry the required guarantee within fifteen (15) Business Days from the Effective Date, this Contract shall be considered null and void without any further procedure or notice.
Provision of Guarantee. 26.1 Upon the execution of this Agreement by all of the Parties, the Developer is to provide the Council with a deed of guarantee between the Council, the Developer, and the Developer's parent company which, at the date of this Agreement is CIC Australia (Parent Company), in terms reasonably satisfactory to the Council, under which the Parent Company undertakes to meet the obligations of the Developer under this Agreement.
Provision of Guarantee. On 28 December 2017 (after trading hours), CCRE China entered into the Guarantee Agreement with Bridge Trust, pursuant to which CCRE China agreed to provide the Guarantee in favour of Bridge Trust as security for the repayment obligations of Xxxxx Xxxxxx in respect of the Loan of RMB250,000,000.00 borrowed from Bridge Trust under the Loan Agreement.
Provision of Guarantee. The Board announces that on 12 April 2022, China Oil and Gas Investment, a wholly-owned subsidiary of the Group, as guarantor, entered into the Guarantee Agreement in favour of the Creditor, pursuant to which China Oil and Gas Investment has agreed to provide guarantee up to a maximum amount of RMB120,000,000 for the due performance of the repayment obligations of Xxxxxxxx Xxxxxxx to the Creditor. Guarantee Agreement Date: 12 April 2022
Provision of Guarantee. On or prior to the Effective Date, each of the Parties comprising the Contractor (other than the National Company) shall provide to the State, at the sole discretion of the Ministry, either (i) a parent company guarantee in the form set forth in Annex D from a company acceptable to the Ministry or (ii) an irrevocable standby letter of credit from a first class international financial institution acceptable to the Ministry in the amount of [insert amount] Dollars ($[insert amount]), which corresponds to the minimum expenditure obligations of the Contractor under this Contract, and which shall remain valid and effective for six
Provision of Guarantee. OF NRG ENERGY, INC. Concurrently with the execution of this Agreement, Operator shall deliver to Owner the NRG Guaranty.
Provision of Guarantee. On 7 October 2022 (after trading hours), Beijing Wangangtong, a wholly-owned subsidiary of the Company, entered into the Guarantee Agreement with the Borrower pursuant to which Beijing Wangangtong shall provide guarantee in favour of the Borrower by means of
Provision of Guarantee. On 4 August 2021 (after trading hours), Beijing Wangangtong, a wholly-owned subsidiary of the Company, entered into the Guarantee Agreement with the Borrower pursuant to which Beijing Wangangtong agreed to provide guarantee in favour of the Borrower by means of (a) pledging Property A to Ping An Bank to facilitate the Borrower to obtain a facility of up to RMB300 million provided by Ping An Bank; and (b) pledging Property B to Dalian Bank to facilitate the Borrower to obtain a facility of up to RMB216 million provided by Dalian Bank. In return, Beijing Wangangtong shall receive from the Borrower a guarantee fee of 2% per annum of the amount of actual drawdown by the Borrower under the Ping An Facility and the Dalian Facility. Date: 4 August 2021 Parties: (1) Beijing Wangangtong, a wholly-owned subsidiary of the Company; and (2) the Borrower Subject matter: Pursuant to the terms of the Guarantee Agreement, Beijing Wangangtong has agreed to provide guarantee in favour of the Borrower by means of (a) pledging Property A to Ping An Bank to facilitate the Borrower to obtain a facility of up to RMB300 million from Ping An Bank; and (b) pledging Property B to Dalian Bank to facilitate the Borrower to obtain a facility of up to RMB216 million from Dalian Bank, in return for a guarantee fee. In respect of the Dalian Facility, Beijing Wangangtong will also pledge its rental income arising from Property B to Dalian Bank as additional security. Term of the Guarantee: The Guarantee will be effective from the date of the relevant pledge agreements and/or documents to be entered into between Beijing Wangangtong and the respective Banks and will expire upon the full repayment of the respective Facilities. Guarantee Fee: Beijing Wangangtong shall charge the Borrower a guarantee fee of 2% per annum of the amount of actual drawdown by the Borrower under the Ping An Facility and the Dalian Facility, which is payable by the Borrower to Beijing Wangangtong at the same time of the payment of interest by the Borrower to the Banks under the respective Facility Agreements. Taking into account of the maximum limit of the Ping An Facility and the Dalian Facility, the guarantee fee to be received by Beijing Wangangtong from the Borrower will be up to RMB6,000,000 and RMB4,320,000 per year respectively. Such guarantee fee was determined after arm’s length negotiations between Beijing Wangangtong and the Borrower by reference to the market rate of guarantee fee charged by financing comp...
Provision of Guarantee. On 28 December 2021, UNQ Supply Chain (being an indirect wholly-owned subsidiary of the Company), as guarantor, entered into the Guarantee Agreement in favour of the Creditor, pursuant to which UNQ Supply Chain has agreed to provide guarantee up to a maximum amount of RMB61,100,000 for the due performance of the repayment obligations of Shanghai Xuyi to the Creditor under the Loan Agreement.
