Bank Guarantee definition

Bank Guarantee means an irrevocable and unconditional undertaking by a trading bank approved by the Council to pay the Development Contribution amount on demand without an expiry or end date and containing terms and conditions acceptable to Council and in accordance with clause 9 of this Agreement;

Bank Guarantee means the financial security on first demand which the Network User shall provide in accordance with Article 14 of this attachment of the Standard Transmission Agreement.

Bank Guarantee means Guarantee issued by a scheduled commercial bank in favour of NMRC Ltd.

Examples of Bank Guarantee in a sentence

• This Bank Guarantee will be valid for a period up to _____________ (for a period of three months from the date of submission) The bank hereby covenants and declares that the guarantee hereby given is an irrevocable one and shall not be revoked by a Notice or otherwise.

• The demand drafts or Bank Guarantee for xxxxxxx money deposit must delivered to the AIIMS, Jodhpur on or before bid closing date/time (submitted only in Dispatch/Received section).

• Any extra cost incurred in the procurement of the material from alternative source will be recovered from the Security Deposit / Bank Guarantee and Pending Bills of existing firm and if the value of the materials under risk purchase exceeds, the amount of Security Deposit and / or Bank Guarantee and Pending Bills, the same may be recovered if necessary by due legal process.

• The bidder shall be required to submit the Xxxxxxx Money Deposit (EMD) for an amount of Rs. 4,40,000/- (Rupees Four Lakh Forty Thousand Only) by way of demand drafts or Bank Guarantee only.

• The bidder shall require to submit the performance security after receipt of award of notification, in the form of irrevocable Bank Guarantee (BG) / or Fixed Deposit Receipt (FDR) issued by any Scheduled Bank for an amount of Rs. 1,50,000/-(Rupees: One Lakh Fifty Thousand only) per item only.

More Definitions of Bank Guarantee

Bank Guarantee means the guarantee executed in favor of the Access Provider on behalf of the Access Seeker by a bank approved by the Access Provider in a format acceptable to the Access Provider.

Bank Guarantee means an unconditional and irrevocable standby letter of credit or letter of guarantee issued by a bank;

Bank Guarantee means a bank guarantee, substantially in the form set out in Schedule 12 (Form of Bank Guarantee) or in any other form requested by a Borrower and agreed by the Agent and the Issuing Bank.

Bank Guarantee means the guarantees required to be furnished by the Bidder in accordance with the provisions of Clause 5.4(b) of this BID.

Bank Guarantee means a bank guarantee issued by a bank operating in Australia in form and substance satisfactory to the Developer. Bond means a Deposit Insurance Bond issued to the Developer at the request of the Buyer in form and substance satisfactory to the Developer. Building means the building to be constructed on the Site in accordance with the Plans. Building Works means the building works to be carried on the Site as contemplated by this contract. Buyer's Bank means any person, corporation or institution lending all or any part of the Contract Price to the Buyer. Completion has the meaning given in the Sale Contract.

Bank Guarantee has the meaning set out in clause 28.3;

Bank Guarantee means a guarantee issued by a bank or other financial institution, for the account of Parent or any Subsidiary of Parent, to support obligations of such Person incurred in the ordinary course of such Person’s business.