Contractor Guarantees definition
Contractor Guarantees means any Guarantee by the Company or any Restricted Subsidiary of Indebtedness of any contractor, builder or other similar Person engaged by the Company or such Restricted Subsidiary in connection with the development, construction or improvement of real or personal property or equipment to be used by the Company or any Restricted Subsidiary in the ordinary course of business, which Indebtedness was Incurred by such contractor, builder or other similar Person to finance the cost of such development, construction or improvement.
Contractor Guarantees means guarantees by the Company or any Restricted Subsidiary of Indebtedness of any contractor, builder or other similar Person engaged by the Company or such Restricted Subsidiary in connection with the development, construction or improvement of real or personal property or equipment to be used in a Permitted Business by the Company or any Restricted Subsidiary in the ordinary course of business, which Indebtedness was Incurred by such contractor, builder or other similar Person to finance the cost of such development, construction or improvement.
Contractor Guarantees means both of them, collectively.
Examples of Contractor Guarantees in a sentence
Contractor shall cause each of the Contractor Guarantees to remain in full force and effect until the expiration of the Warranty Period.
Contractor acknowledges that Owner shall have the right, in its sole discretion, to issue demands for payment under either or both of the Contractor Guarantees.
To secure Contractor’s performance of its obligations hereunder, Contractor acknowledges and agrees that Owner shall have the right to hold (a) the Performance and Payment Bonds and (b) the Contractor Guarantees.
More Definitions of Contractor Guarantees
Contractor Guarantees means any Guarantee by the Company or any Restricted Subsidiary of Indebtedness of any contractor, builder or other