Common use of WARRANTY SECURITY Clause in Contracts

WARRANTY SECURITY. The Supplier shall provide the Purchaser with an unconditional, irrevocable, first demand guarantee, issued by a first class international merchant bank or insurance company guarantee as a security for the Supplier’s performance of its obligations during the warranty period as defined in ARTICLE B7 of the Specific Articles (the “Warranty Security”). This Warranty Security shall be for the amountof five (5%) of the Contractprice and shall be valid as from the date of Acceptance set out in ARTICLE B6, and shall be released by the Purchaser upon Supplier’s request transmitted to the Purchaser representative at the expiry of the Warranty Periodplus onemonth provided that the Supplier hasfulfilled all its obligations under the Contract.

WARRANTY SECURITY. The Supplier shall Suppliershall provide the Purchaser with an unconditionalwithanunconditional, irrevocable, first demand firstdemand guarantee, issued by a first class international merchant bank or insurance company guarantee as a security for the Supplier’s performance of its obligations during the warranty period as defined in ARTICLE B7 of the Specific Articles (the “Warranty Security”). This Warranty Security shall be for the amountof five (5%) of the Contractprice Contract price and shall be valid as from the date of Acceptance set out in ARTICLE B6, and shall be released by the Purchaser upon Supplier’s request transmitted to the Purchaser representative at the expiry of the Warranty Periodplus onemonth provided that the Supplier hasfulfilled Supplierhas fulfilled all its obligations under the Contract.

WARRANTY SECURITY. The Supplier shall provide the Purchaser with an unconditional, irrevocable, first demand guarantee, issued by a first class international merchant bank or insurance company guarantee as a security for the Supplier’s performance of its obligations during the warranty period as defined in ARTICLE B7 of the Specific Articles (the “Warranty Security”). This Warranty Security shall be for the amountof amount of five (5%) of the Contractprice Contract price and shall be valid as from the date of Acceptance set out in ARTICLE B6, and shall be released by the Purchaser upon Supplier’s request transmitted to the Purchaser representative at the expiry of the Warranty Periodplus onemonth Period plus one month provided that the Supplier hasfulfilled has fulfilled all its obligations under the Contract.

WARRANTY SECURITY. The Supplier shall provide the Purchaser with an unconditionalanunconditional, irrevocable, first demand guarantee, issued by a first class international merchant bank or insurance company guarantee as a security for the Supplier’s performance of its obligations during the warranty period as defined in ARTICLE B7 of the Specific Articles (the “Warranty Security”). This Warranty Security shall be for the amountof five (5%) of the Contractprice and shall be valid as from the date of Acceptance set out in ARTICLE B6, and shall be released by the Purchaser upon Supplier’s request transmitted to the Purchaser representative at the expiry of the Warranty Periodplus onemonth provided that the Supplier hasfulfilled all its obligations under the Contract.

WARRANTY SECURITY. The Supplier shall provide Suppliershallprovide the Purchaser with an unconditionalPurchaserwithanunconditional, irrevocable, first demand guarantee, issued by a first class international merchant bank or insurance company guarantee as a security for the Supplier’s performance of its obligations during the warranty period as defined in ARTICLE B7 of the Specific Articles (the “Warranty Security”). This Warranty Security shall be for the amountof five (5%) of the Contractprice and shall be valid as from the date of Acceptance set out in ARTICLE B6, and shall be released by the Purchaser upon Supplier’s request transmitted to the Purchaser representative at the expiry of the Warranty Periodplus onemonth provided onemonthprovided that the Supplier hasfulfilled Supplierhas fulfilled all its obligations under the Contract.

WARRANTY SECURITY. The Supplier shall provide the Purchaser with an unconditional, irrevocable, first demand guarantee, issued by a first class international merchant bank or insurance company guarantee as a security for the Supplier’s performance of its obligations during the warranty period as defined in ARTICLE B7 of the Specific Articles (the “Warranty Security”). This Warranty Security shall be for the amountof five (5%) of the Contractprice Contract price and shall be valid as from the date of Acceptance set out in ARTICLE B6, and shall be released by the Purchaser upon Supplier’s request transmitted to the Purchaser representative at the expiry of the Warranty Periodplus onemonth provided that the Supplier hasfulfilled all its obligations under the Contract.