Bank Guarantees definition

Bank Guarantees means the guarantees or letters of credit to be provided by the Company pursuant to clauses 18.1 and 22.9;

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Bank Guarantees means guaranties issued or to be issued pursuant to the Multicurrency Letter of Credit Facility by a Multicurrency Issuing Bank or Affiliate thereof in form and substance satisfactory to the issuer thereof.

Bank Guarantees means those guarantees issued by the Filing Subsidiaries in favor of the Pre-Petition Lenders, guaranteeing the obligations of Fleming on the Pre-Petition Credit Agreement.

Examples of Bank Guarantees in a sentence

• In case of failure of the Licensee to pay the amounts due to the Licensor, the outstanding amounts shall be realized through encashment of the Bank Guarantees without prejudice to any other action(s) for recovery of the amounts due to the Licensor without any further communication to the Licensee.

• On receipt of such replacement Bank Guarantee, the Council must release and return to the Developer, as directed, the Bank Guarantee(s) which it holds that have been replaced as soon as reasonably practicable.

• If require, the Commissioner/ Chief Municipal Officer shall ask the contractor to extend the validity period of the Bank Guarantee(s) for such period which he considers it proper and the contractor shall extend the validity period of such Bank Guarantee accordingly.

• In every case in which provision is made for recovery of money from the contractor, the TSTRANSCO shall be entitled to retain or deduct the amount thereof from any moneys that may be due or may become due to the contractor under these present and/or under any other contract or contracts or any other account whatsoever, including Bank Guarantees, Bid Security/Performance Security etc., held up by the TSTRANSCO.

• Unless otherwise specified, all Standby Letters of Credit and Commercial Letters of Credit will be governed by the “Uniform Customs and Practice for Documentary Credits” and all Bank Guarantees will be governed by the “Uniform Rules for Demand Guarantees”, in each case as issued by the International Chamber of Commerce and as in effect on the date of issuance of such Letter of Credit.

More Definitions of Bank Guarantees

Bank Guarantees means the guarantees or letters of credit to be provided by the Company pursuant to clauses 18.1 and 22.9 of the Management Agreement; 'Business Day' means a day (other than a Saturday or Sunday) on which banks (as defined in the Banking ▇▇▇ ▇▇▇▇ (Commonwealth)) are generally open for business in Melbourne;

Bank Guarantees means the Guarantees of the Subsidiary Guarantors of Indebtedness outstanding under the Credit Agreement, as such Guarantees or agreements may be amended, restated or otherwise modified, and any successors thereto.

Bank Guarantees means any and all personal guarantees that have been provided by the Existing Shareholders to financial institutions to secure credit facilities granted to the Company and/or the Related Companies;

Bank Guarantees means either or both of them;

Bank Guarantees means the bank guarantees listed on Schedule 5.13(b).

Bank Guarantees means (i) the Commercial Guaranty and Addendum to Commercial Guaranty, dated June 24, 2016, by the Company for the benefit of ▇▇▇▇▇▇▇ Bank in the amount of $142,500, (ii) the Commercial Guaranty and Addendum to Commercial Guaranty, dated July 15, 2016, by the Company for the benefit of ▇▇▇▇▇▇▇ Bank in the amount of $141,750 and (iii) any other obligation whereby the Company has guaranteed Indebtedness of any of its Affiliates.

Bank Guarantees means any guarantee, indemnity, letter of comfort or similar form of actual or contingent financial obligation issued or entered by any bank or other financial institution for the purpose of securing obligations of any of the Target Companies, each as set out in Schedule 11 (Guarantees), in connection with the operation of the Business;