Common use of Validity of Guarantees Clause in Contracts

Validity of Guarantees. Each and every guarantee must be valid for the (total or partial) term of the phase whose obligations are being secured, plus at least six (6) additional months. In the event of extensions to the terms of the Agreement, guarantees must also be extended or replaced by others of the same value, and the minimum validity equal to the time of the extension or the term remaining in the phase plus six (6) additional months.

Validity of Guarantees. Each and every guarantee must be valid for the (total or partial) term of the phase whose obligations are being securedguaranteed, plus at least six three (63) additional monthsmonths more. In the event a case of extensions to the terms of the Agreementextensions, guarantees must also be extended or replaced by others of the same value, and the with a minimum validity equal to period of the time of the extension or the term remaining in the phase plus six three (63) additional monthsmonths more.