Common use of Withholding of Payments and Collection on Guarantees Clause in Contracts

Withholding of Payments and Collection on Guarantees. Without derogating from any other rights of ISR under any applicable law and/or agreement, in the event that any claim is made against ISR, or any lien or attachment is affixed against any of its properties, which claim, lien or attachment relates to or is based on circumstances and/or events which fall within the responsibilities and/or indemnification obligations of Supplier as per Section 21.1 above, then unless Supplier provides adequate security, to ISR’s satisfaction, that the claim will be covered, ISR may (i) withhold all payments then due or thereafter becoming due to Supplier, until such claim is satisfied and such liens or attachments released, and (ii) settle the matter by paying any such claim or removing such lien or attachment, and recover any amounts required in order to do so by collecting upon any of the applicable Guarantees.

Appears in 14 contracts

Samples: Supply Agreement, Supply Agreement, Supply Agreement

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Withholding of Payments and Collection on Guarantees. Without derogating from any other rights of ISR under any applicable law and/or agreement, in the event that any claim is made against ISR, or any lien or attachment is affixed against any of its properties, which claim, lien or attachment relates to or is based on circumstances and/or events which fall within the responsibilities and/or indemnification obligations of Supplier as per Section 21.1 17 above, then unless Supplier provides adequate security, to ISR’s satisfaction, that the claim will be covered, ISR may (i) withhold all payments then due or thereafter becoming due to Supplier, until such claim is satisfied and such liens or attachments released, and (ii) settle the matter by paying any such claim or removing such lien or attachment, and recover any amounts required in order to do so by collecting upon any of the applicable Guarantees.

Appears in 9 contracts

Samples: Supply Agreement, Supply Agreement, Supply Agreement

Withholding of Payments and Collection on Guarantees. Without derogating from any other rights of ISR under any applicable law and/or agreement, in the event that any claim is made against ISR, or any lien or attachment is affixed against any of its properties, which claim, lien or attachment relates to or is based on circumstances and/or events which fall within the responsibilities and/or indemnification obligations of Supplier as per Section 21.1 24.1 above, then unless Supplier provides adequate security, to ISR’s satisfaction, that the claim will be covered, ISR may (i) withhold all payments then due or thereafter becoming due to Supplier, until such claim is satisfied and such liens or attachments released, and (ii) settle the matter by paying any such claim or removing such lien or attachment, and recover any amounts required in order to do so by collecting upon any of the applicable Guarantees.

Appears in 8 contracts

Samples: Agreement for the Acquisition of a Computer Numerical Control Wheel Lathe, Agreement for the Acquisition of a Computer Numerical Control Wheel Lathe for Rolling Stocks, Supply Agreement

Withholding of Payments and Collection on Guarantees. Without derogating from any other rights of ISR under any applicable law and/or agreement, in the event that any claim is made against ISR, or any lien or attachment is affixed against any of its properties, which claim, lien or attachment relates to or is based on circumstances and/or events which fall within the responsibilities and/or indemnification obligations of Supplier as per Section 21.1 20.1 above, then unless Supplier provides adequate security, to ISR’s satisfaction, that the claim will be covered, ISR may (i) withhold all payments then due or thereafter becoming due to Supplier, until such claim is satisfied and such liens or attachments released, and (ii) settle the matter by paying any such claim or removing such lien or attachment, and recover any amounts required in order to do so by collecting upon any of the applicable Guarantees.

Appears in 7 contracts

Samples: Purchase Agreement, Procurement Agreement, Supply Agreement

Withholding of Payments and Collection on Guarantees. Without derogating from any other rights of ISR under any applicable law Applicable Law and/or agreement, in the event that any claim is made against ISR, or any lien or attachment is affixed against any of its properties, which claim, lien or attachment relates to or is based on circumstances and/or events which fall within the responsibilities and/or indemnification obligations of the Supplier as per Section 21.1 23.1 above, then unless the Supplier provides adequate security, to ISR’s satisfaction, that the claim will be covered, ISR may (i) withhold all payments then due or thereafter becoming due to the Supplier, until such claim is satisfied and such liens or attachments released, and (ii) settle the matter by paying any such claim or removing such lien or attachment, and (iii) recover any amounts required in order to do so by collecting upon any of the applicable Guarantees.

Appears in 2 contracts

Samples: Supply Agreement, Supply Agreement

Withholding of Payments and Collection on Guarantees. Without derogating from any other rights of ISR under any applicable law Applicable Law and/or agreement, in the event that any claim is made against ISR, or any lien or attachment is affixed against any of its properties, which claim, lien or attachment relates to or is based on circumstances and/or events which fall within the responsibilities and/or indemnification obligations of the Supplier as per Section 21.1 23.1 above, then unless the Supplier provides adequate security, to ISR’s satisfaction, that the claim will be covered, ISR may (i) withhold all payments then due or thereafter becoming due to the Supplier, until such claim is satisfied and such liens or attachments released, and (ii) settle the matter by paying any such claim or removing such lien or attachment, and recover any amounts required in order to do so by collecting upon any of the applicable Guarantees.

Appears in 2 contracts

Samples: Supply Agreement, Supply Agreement

Withholding of Payments and Collection on Guarantees. Without derogating from any other rights of ISR under any applicable law and/or agreement, in the event that any claim is made against ISR, or any lien or attachment is affixed against any of its properties, which claim, lien or attachment relates to or is based on circumstances and/or events which fall within the responsibilities and/or indemnification obligations of Supplier as per Section 21.1 17 above, then unless u nless Supplier provides adequate security, to ISR’s satisfaction, that the claim will be covered, ISR may (i) withhold all payments then due or thereafter becoming due to Supplier, until such claim is satisfied and such liens or attachments released, and (ii) settle the matter by paying any such claim or removing such lien or attachment, and recover any amounts required in order to do so by collecting upon any of the applicable Guarantees.. 17.19. INSURANCE 17.1.19.1. W

Appears in 1 contract

Samples: Supply Agreement

Withholding of Payments and Collection on Guarantees. Without derogating from any other rights of ISR under any applicable law and/or agreement, in the event that any claim is made against ISR, or any lien or attachment is affixed against any of its properties, which claim, lien or attachment relates to or is based on circumstances and/or events which fall within the responsibilities and/or indemnification obligations of Supplier as per Section 21.1 25.1 above, then unless Supplier provides adequate security, to ISR’s satisfaction, that the claim will be covered, ISR may (i) withhold all payments then due or thereafter becoming due to Supplier, until such claim is satisfied and such liens or attachments released, and (ii) settle the matter by paying any such claim or removing such lien or attachment, and recover any amounts required in order to do so by collecting upon any of the applicable Guarantees.

Appears in 1 contract

Samples: Supply Agreement

Withholding of Payments and Collection on Guarantees. Without derogating from any other rights of ISR under any applicable law Applicable Law and/or agreement, in the event that any claim is made against ISR, or any lien or attachment is affixed against any of its properties, which claim, lien or attachment relates to or is based on circumstances and/or events which fall within the responsibilities and/or indemnification obligations of Supplier as per Section 21.1 above25.1 above , then unless Supplier provides adequate security, to ISR’s satisfaction, that the claim will be covered, ISR may (i) withhold all payments then due or thereafter becoming due to Supplier, until such claim is satisfied and such liens or attachments released, and (ii) settle the matter by paying any such claim or removing such lien or attachment, and recover any amounts required in order to do so by collecting upon any of the applicable Guarantees.

Appears in 1 contract

Samples: Supply Agreement

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Withholding of Payments and Collection on Guarantees. Without derogating from any other rights of ISR under any applicable law Applicable Law and/or agreement, in the event that any claim is made against ISR, or any lien or attachment is affixed against any of its properties, which claim, lien or attachment relates to or is based on circumstances and/or events which fall within the responsibilities and/or indemnification obligations of the Supplier as per Section 21.1 24.1 above, then unless the Supplier provides adequate security, to ISR’s satisfaction, that the claim will be covered, ISR may (i) withhold all payments then due or thereafter becoming due to the Supplier, until such claim is satisfied and such liens or attachments released, and (ii) settle the matter by paying any such claim or removing such lien or attachment, and recover any amounts required in order to do so by collecting upon any of the applicable Guarantees.

Appears in 1 contract

Samples: Supply Agreement

Withholding of Payments and Collection on Guarantees. Without derogating from any other rights of ISR ASSOCIATION under any applicable law Applicable Law and/or agreement, in the event that any claim is made against ISRASSOCIATION, or any lien or attachment is affixed against any of its properties, which claim, lien or attachment relates to or is based on circumstances and/or events which fall within the responsibilities and/or indemnification obligations of the Supplier as per Section 21.1 24.1 above, then unless the Supplier provides adequate security, to ISR’s satisfaction, Association's satisfaction that the claim will be covered, ISR ASSOCIATION may (iI) withhold all payments then due or thereafter becoming due to the Supplier, until such claim is satisfied and such liens or attachments released, and (ii) settle the matter by paying any such claim or removing such lien or attachment, and recover any amounts required in order to do so by collecting upon any of the applicable Guarantees.

Appears in 1 contract

Samples: Supply Agreement

Withholding of Payments and Collection on Guarantees. Without derogating from any other rights of ISR under any applicable law and/or agreement, in the event that any claim is made against ISR, or any lien or attachment is affixed against any of its properties, which claim, lien or attachment relates to or is based on circumstances and/or events which fall within the responsibilities and/or indemnification obligations of Supplier as per Section 21.1 23.1 above, then unless Supplier provides adequate security, to ISR’s satisfaction, that the claim will be covered, ISR may (i) withhold all payments then due or thereafter becoming due to Supplier, until such claim is satisfied and such liens or attachments released, and (ii) settle the matter by paying any such claim or removing such lien or attachment, and recover any amounts required in order to do so by collecting upon any of the applicable Guarantees.

Appears in 1 contract

Samples: Supply Agreement

Withholding of Payments and Collection on Guarantees. Without derogating from any other rights of ISR under any applicable law and/or agreement, in the event that any claim is made against ISR, or any lien or attachment is affixed against any of its properties, which claim, lien or attachment relates to or is based on circumstances and/or events which fall within the responsibilities and/or indemnification obligations of Supplier as per Section 21.1 61.1 above, then unless Supplier provides adequate security, to ISR’s satisfaction, that the claim will be covered, ISR may (i) withhold all payments then due or thereafter becoming due to Supplier, until such claim is satisfied and such liens or attachments released, and (ii) settle the matter by paying any such claim or removing such lien or attachment, and recover any amounts required in order to do so by collecting upon any of the applicable GuaranteesGuarantee.

Appears in 1 contract

Samples: Supply Agreement

Withholding of Payments and Collection on Guarantees. Without derogating from any other rights of ISR ASSOCIATION under any applicable law Applicable Law and/or agreement, in the event that any claim is made against ISRASSOCIATION, or any lien or attachment is affixed against any of its properties, which claim, lien or attachment relates to or is based on circumstances and/or events which fall within the responsibilities and/or indemnification obligations of the Supplier as per Section 21.1 24.1 above, then unless the Supplier provides adequate security, to ISR’s satisfaction, Association's satisfaction that the claim will be covered, ISR ASSOCIATION may (i) withhold all payments then due or thereafter becoming due to the Supplier, until such claim is satisfied and such liens or attachments released, and (ii) settle the matter by paying any such claim or removing such lien or attachment, and recover any amounts required in order to do so by collecting upon any of the applicable Guarantees.

Appears in 1 contract

Samples: Supply Agreement

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