Bank Guaranty definition

Bank Guaranty shall have the meaning provided in Section 2B.01(a).

Bank Guaranty means a guaranty executed by a LC Issuer with respect to obligations of a Borrower and provided pursuant to this Agreement.

Bank Guaranty has the meaning assigned to such term in the preamble of this Agreement.

Examples of Bank Guaranty in a sentence

• In case of imported items, payment will be made by opening LC in the name of the manufacturer subject to the condition that a Bank Guaranty for an equal amount will be submitted by the selected tenderer to CET for the period of completion of installation and commissioning.

• G.1.0 PERFORMANCE/PAYMENT PROTECTION - The Contractor shall furnish some form of payment protection as described in 52.228-13 in the amount of 50% of the contract price.[ ] Letters of Credit, or [ X ] Bank Guaranty G.1.1 The Contractor shall provide the information required by the paragraph above prior to beginning work on the contract.

• Confirmation of the Plan shall constitute the Bankruptcy Court’s approval, pursuant to Bankruptcy Rule 9019 and section 1123 of the Bankruptcy Code, of the Bank Guaranty Settlement.

• However, in exceptional cases, advance amount up to 10% advance may be allowed against 110% Bank Guaranty (applicable for machineries items only) .1.

• On receiving of the bid, If it is found, the Tendered amount is 80% or Below of the Estimated amount, the L1 Bidder should have to deposit Additional Performance Security @ 10%of the Tendered amount in the form of Bank Guaranty in favour of KMDA for the entire contract period within 7(Seven) days from the date of issuance of LOI.

More Definitions of Bank Guaranty

Bank Guaranty means the Guaranty by Bank Parent of Bank’s and Primary Servicer’s obligations under this Agreement and the Servicing Agreement.

Bank Guaranty means any Guaranty of the Debt outstanding under the Bank Credit Agreement by a Subsidiary.

Bank Guaranty means each of the Subsidiary Guaranties dated as of November 30, 2000, August 15, 2002 and September 30, 2002 of the Subsidiary Guarantors of Debt outstanding under the Credit Agreement, as such Guaranties may be amended, restated or otherwise modified, and any successor thereto.

Bank Guaranty means each guaranty of a Guarantor in favor of the banks parties to the NCNB Agreement for which a similar guaranty shall have been issued to each holder of Notes.

Bank Guaranty means a guaranty executed by HSBC with respect to obligations of a Designated UK Borrower and provided pursuant to this Agreement.

Bank Guaranty means the Guaranty contained in Section 10 of the Bank Credit Agreement binding upon each Borrower, each Hub Partnership, the Subsidiaries and other members of the Hub Group (as each such term is defined in the Bank Credit Agreement) and any other Guaranty Agreement entered into pursuant to said Section 10.

Bank Guaranty a guaranty issued hereunder by an Offshore Credit Provider for the Borrower's or an Acceptable Subsidiary's account.