Common use of XXXX GUARANTEE Clause in Contracts

XXXX GUARANTEE. In addition to the Common Articles, it is specified that: In order to guaranty the proper execution of its contractual obligations pursuant to the Contract and/or Order(s), the Supplier shall issue in favor of the Purchaser a first demand and irrevocable performance bond from a first class bank or other financial institutes agreed by the Purchaser, to guaranty good performance by the Supplier of its obligations under the Contract. The Supplier shall issue the bondwithin thirty (30) daysafter issuance of the SPC or of the Order. Each performance bond shall amount to fifteen per cent (15%) of the total value of the concerned SPC and / or Order. Each performance bond shall expire when the transport service has been fully performed in compliance with the Contract.

XXXX GUARANTEE. In addition to the Common Articles, it is specified that: In order to guaranty the proper execution of its contractual obligations pursuant to the Contract and/or Contractand/or Order(s), the Supplier shall issue in favor of the Purchaser a first demand and irrevocable performance bond from a first class bank or other financial institutes agreed by the Purchaser, to guaranty good performance by the Supplier of its obligations under the Contract. The Supplier shall issue the bondwithin thirty (30) daysafter issuance of the SPC or of the Order. Each performance bond shall amount to fifteen per cent (15%) of the total value of the concerned SPC and / or Order. Each performance bond shall expire when the transport service has been fully performed in compliance with the Contract.

XXXX GUARANTEE. In addition to the Common Articles, it is specified that: In order to guaranty the proper execution of its contractual obligations pursuant to the Contract and/or Order(s), the Supplier shall issue in favor of the Purchaser a first demand and irrevocable performance bond from a first class bank or other financial institutes agreed by the Purchaser, to guaranty good performance by the Supplier of its obligations under the Contract. The Supplier shall issue the bondwithin bond within thirty (30) daysafter days after issuance of the SPC or of the Order. Each performance bond shall amount to fifteen per cent (15%) of the total value of the concerned SPC and / or Order. Each performance bond shall expire when the transport service has relevant services have been fully performed in compliance with the Contract.

XXXX GUARANTEE. In addition to the Common Articles, it is specified that: In order to guaranty the proper execution of its contractual obligations pursuant to the Contract and/or Contractand/or Order(s), the Supplier shall issue in favor of the Purchaser a first demand and irrevocable performance bond from a first class bank or other financial institutes agreed by the Purchaser, to guaranty good performance by the Supplier of its obligations under the Contract. The Supplier shall issue the bondwithin thirty (30) daysafter issuance of the SPC or of orof the Order. Each performance bond shall amount to fifteen per cent (15%) of the total value of the concerned SPC and / or Order. Each performance bond shall expire when the transport service has been fully performed in compliance with the Contract.