Provision of Guarantees. 3.5.1 On or before the Effective Date, each of the Parties making up the Contractor (other than the National Company) will provide to the State and acceptable guarantee that should be, at the discretion of the Ministry, either (i) an Affiliate Company guarantee in the form stipulated in Annex D from an Affiliate Company or (ii) an irrevocable standby letter of credit from a first- class international financial institution in up to the amount of … million Dollars ($...MM), which corresponds to the minimum expenditure obligations of the Contractor under this Contract for the First Exploration Sub-Period, and which will remain valid until the Contractor has complied with this obligation of minimum expenditures. In any case, the amount of the guarantee will be reduced as a function of sums expended that are related to the work obligations carried out to the degree that they are complete. If the Parties that make up the Contractor (except the National Company) do not provide the Ministry with the guarantees demanded by the date established under this Article 3.5.1, this Contract will be considered null and void, if the Contractor does not succeed in remediating the noncompliance within thirty (30) days of being notified of it.
Provision of Guarantees. We can assist our clients with their personal and business projects by providing guarantees: - First demand guarantees; - Liability guarantees; - Rent guarantees. Guarantees less than or equal to €1,000,000 1.5% of the guarantee provided (minimum: €2.500) Guarantees above €1,000,000 0.5% of the guarantee provided Banque Transatlantique Luxembourg can help you with cash management: - Contractual line of credit - Arranged overdrafts4 – personal loans - Foreign exchange spot transactions - Foreign exchange forward transactions - Sight deposit and term deposit accounts As part of the account agreement entered into with the bank, and if you hold assets with us of a value of at least one (1) million euros, we can in principle grant you an advance on dividends and/or unrealised capital gains equivalent to 10% of your assets held with us, capped at one (1) million euros(**). Interest rate (for loans in euros) 3-month Euribor+2% Interest rate calculation method 360/360 days Administrative fees No charge Banque Transatlantique Luxembourg’s private and corporate clients have the option of taking out an overdraft. Overdraft fees Rate applied to the difference between the account’s highest debit balance each month over the period, and the authorised balance 2.5% Extended overdraft fees Rate applied to the average negative balance for the period, if the account is in debit for over 51 consecutive or non-consecutive days during the quarter (17 days on a monthly basis) 0.6% Interest rate for account in debit, authorised overdraft 3-month Euribor + margin (contact us for more information) Interest rate for account in debit, unauthorised overdraft 12% Interest rate for account in credit 0% Interest rate calculation method 360/360 days Debit transaction fees 0.15% – quarterly Fee on the highest overdrawn amount in the quarter 0.20% We can facilitate management of your foreign currency assets and execute foreign exchange spot transactions for you in the main currencies, namely GBP, US and Canadian dollars, the yen, the Swiss franc, and the Norwegian krone as per the terms given below. Exchange value of less than €25,000 1% Exchange value of €25,000 - €50,000 0.75% Exchange value of €50,000 - €100,000 0.50% Exchange value of over €100,000 0.25% Foreign exchange spot transactions are carried out at the forex interbank market rate. This rate is increased or decreased by a margin that varies according to fees that may be charged by other intermediaries involved. For other currenc...
Provision of Guarantees. In consideration of the Existing Guarantees provided by PetSmart, Chewy shall pay to PetSmart on a quarterly basis a recurring Guarantee Fee equal to fifty basis points (50bps) of the aggregate outstanding amount of all Existing Guarantees that are outstanding for all or any part of the calendar quarter preceding the calendar quarter in which such fee is payable.
Provision of Guarantees. The Concessionaire shall deliver to the Government at the time of execution of this Concession Agreement: a guarantee in the terms of the draft appearing in Part 2 of Schedule duly executed by the parties named therein (and the Government shall return to the Concessionaire the guarantee submitted in accordance with [the bid documents]); and a warranty in the terms of the draft appearing in Part 3 of Schedule duly executed by the Contractor; and a parent company guarantee In the terms of the draft appearing in Part 4 of Schedule duly executed by the parties named therein. The guarantee referred to In Clause 4.1.1 shall be returned to the Concessionaire on termination of the right to the Concession pursuant to Clause 2.6 (The Project and Pre-Concession Period], Clause 6 (Effect of the Bill etch Clause 7.3 (Certificate of Commencement] Clause 30 (Force Majeure], on receipt of the capital payment by the Concessionaire pursuant to Clause 9.2 (Transfer of Outstanding Debt] or on termination of the Concession pursuant to Clause 8.7.2 (Vacant Possession).
Provision of Guarantees. Guarantees less than or equal to € 1,000,000 1.50% of the guarantee (Minimum granted € 2,500) Guarantees above € 1,000,000 0.50% of the granted guarantee Banque Transatlantique Luxembourg can help you with cash management: ‐ Contractual line of credit ‐ Arranged overdrafts4 – personal loans ‐ Foreign exchange spot transactions ‐ Sight deposit and term deposit accounts As part of the account agreement entered into with the bank, and if you hold assets with us of a value of at least one (1) million euros, we can in principle grant you an advance on dividends and/or unrealized capital gains equivalent to 10% of your assets held with us, capped at one (1) million euros(**). Interest rate (for loans in euros) 3-month Euribor+2.00% Interest rate calculation method Actual/360 days Administrative fees No charge Arranged overdrafts5 – personal loans Banque Transatlantique Luxembourg’s private and corporate clients have the option of taking out an overdraft. Overdraft fees Rate applied to the difference between the highest accounting debit balance for each month of the period and the authorisation 2.50% Extended overdraft fees Rate applied to the average debit balance for the period, if the account is overdrawn by more than 51 consecutive days or otherwise during the quarter (17 days as part of a monthly closing) 0.60% Interest rate for account in debit, authorized overdraft 3-month Euribor+margin (contact us) Interest rate for account in debit, unauthorized overdraft 12.00% Interest rate for account in credit 0.00% Interest rate calculation method Actual/360 days 4 - 5 As defined by the Grand-Ducal Regulation of 6 June 2018 Debit transaction fees 1.5 per thousand – quarterly Fee on the highest overdrawn amount in the quarter 0.20% We can facilitate management of your foreign currency assets and execute foreign exchange spot transactions for you in the main currencies, namely GBP, US and Canadian dollars, the yen, the Swiss franc, and the Norwegian krone as per the terms given below. Exchange value of less than € 25,000 1.00% Exchange value between € 25,000 and € 50,000 0.75% Exchange value between € 50,000 and € 100,000 0.50% Exchange value of over € 100,000 0.25% Foreign exchange spot transactions are carried out at the forex interbank market rate. This rate is increased or decreased by a margin that varies according to fees that may be charged by other intermediaries involved. For other currencies, please contact your advisor. NB: for market transactions executed...
Provision of Guarantees. In consideration of the Second Entrusted Loan, two subsidiary companies of the Borrower, which are principally engaged in real estate development in the PRC, have agreed to provide guarantees in favour of FNES for the principal amount of the Second Entrusted Loan, i.
Provision of Guarantees. 3.5.1 On or before the Effective Date, each of the Parties making up the Contractor (other than the National Company) will provide to the State a guarantee in the form stipulated in Annex D from an Affiliate Company in up to the amount of one million Dollars ($1MM), which corresponds to the minimum expenditure obligations of the Contractor under this Contract for the First Exploration Sub-Period, and which will remain valid until the Contractor has complied with this obligation of minimum expenditures. In any case, the amount of the guarantee will be reduced as a function of sums expended that are related to the work obligations carried out to the degree that they are complete. If the Parties that make up the Contractor (except the National Company) do not provide the Ministry with the guarantee by the date established under this Article 3.5.1, this Contract will be considered null and void, if the Contractor does not succeed in remediating the noncompliance within thirty (30) days of being notified of it.
3.5.2 Thirty (30) days before initiating drilling of the Exploration Well demandable in the Second Exploration Sub-Period, the Contractor (other than the National Company) will provide the State a guarantee in the form stipulated in Annex D from an Affiliate Company in an amount up to the amount of fifteen million Dollars ($15MM), which corresponds to fifty percent (50%) of the minimum expenditure obligations of the Contractor under this Contract for the Second Exploration Sub-Period, and which will remain valid until the Contractor has complied with this obligation of minimum expenditures. In any case, the amount of the guarantee will be reduced as a function of sums expended that are related to the work obligations carried out to the degree that they are completed. If the Parties that make up the Contractor (except the National Company) do not provide the Ministry with the guarantee by the date established under this Article 3.5.2, this Contract will be considered null and void, if the Contractor does not succeed in remediating the noncompliance within thirty (30) days of being notified of it.
Provision of Guarantees. We can assist our clients with their personal and business projects by providing guarantees: ‐ First demand guarantees; ‐ Liability guarantees; ‐ Rent guarantees.
Provision of Guarantees.
5.11.1 On or prior to the signing of this Agreement, each Concessionaire has provided to the Government:
(a) a parent company guarantee in the form set forth in Annex D from Concessionaire Party’s ultimate parent company (or other affiliate otherwise acceptable to the Minister) to provide all technical and financial resources that the Concessionaire Party may require to meet on a timely basis all obligations of the Concessionaire Party under this Agreement; and
(b) an irrevocable standby letter of credit in the form set forth in Annex C from a bank acceptable to the Minister in the amount determined in Article 5.11.2 below, securing Concessionaire’s timely performance of the Minimum Exploration Programme for Petroleum or Stand-Alone CCS or Stand-Alone Lithium Extraction and for Petroleum the Additional Exploration Commitment, and which shall remain valid and effective for hundred eighty (180) consecutive days after the end of the Exploration Period.
5.11.2 The irrevocable standby letter(s) of credit to be delivered to the Minister on signature of this Agreement shall be provided by each of the Concessionaire Parties, pro rata to their respective participating interest in the Concession, in the amount of $ [complete as appropriate for the relevant Concession as below].
5.11.3 The relevant bank guarantee shall be released with respect to each Well or Work Programme phase upon delivery to the issuing bank of a certificate signed by the Minister confirming that the corresponding Work Programme has been completed in accordance with the Agreement and that all technical data related thereto and a comprehensive technical report thereon as required by Article 19.1 has been delivered to the Minister.
5.11.4 It is understood among the Parties that notwithstanding the fact that Concessionaire incurs total costs for a particular Well greater or less than amounts indicated in this Article, the quantum of the bank guarantee shall not be altered nor shall the bank guarantee be released until completion of the completion of the Well as provided for in this Article.
5.11.5 With respect to Petroleum, where Concessionaire fails to reach the specified vertical depth of a Well, Concessionaire shall make the payments as provided for in Article 5.4, and where such payments have been made the guarantee for such Well shall be released, subject to the provisions of Article Error! Reference source not found..
5.11.6 If, at the end of the Exploration Period, or upon termination of ...
