Examples of Completion Guarantees in a sentence
On September 30, 2020, Petro Rabigh achieved project completion under its senior finance agreements and, as a result, the founding shareholders were released from their obligations under the Completion Guarantees.
Each of the Parties agrees to make its commercially reasonable best efforts to obtain all necessary approvals for, and to obtain or enter into, as applicable, Project Debt Financing and Completion Guarantees as soon as practicable following the date hereof.
Completion Guarantees from each Shareholder Group shall be provided by each entity within each Shareholder Group, including without limitation the Parent of such Shareholder Group.
All covenants set forth in this Section 7 shall terminate only upon the satisfaction in full of all of the Obligations, and the satisfaction and release of all of the Completion Guarantees.
Material changes or amendments to the Financing Plan, Project Debt Financing, and Completion Guarantees, and all related documentation.