Examples of Deposited Guarantee in a sentence
Confidentiality & VDR Use Statementmeans the confidentiality and VDR use statement attached as Annex II hereto, which is executed by each Interested Party, for the purpose of gaining access to the VDR, pursuant to clause 3.2. Deposited Guarantee has the meaning given to it in clause 5.1.1. Draft ESCHADA means the draft ESCHADA, as such has been uploaded to the VDR.
With the exception of the Performance Letter of Guarantee or the Deposited Guarantee provided by the First Eligible Investor and the Second Eligible Investor, as long as there are no grounds of forfeiture, the Participation Letter of Guarantee or the Deposited Guarantee shall be returned to the rest of the Candidates (a) after its expiration, as it may have been extended, or (b) after the approval of the Final Ranking Table in accordance with this Request for Proposal, whichever of the two occurs first.
In case of a joint venture or consortium, the Participation Letter of Guarantee must be issued or the Deposited Guarantee provided jointly by all the members of the joint venture or consortium and must contain the full name / corporate name and address / registered office of each member of the joint venture or consortium.
COUNCIL IMPLICATIONS Budget/FinancialThe big unknown at this point is the quantity of waste involved and therefore the financial impact from any fee reduction.
In case the First Eligible Investor fails to submit a Performance Letter of Guarantee within the prescribed by the Fund deadline, apart from the forfeiture of the Performance Letter of Guarantee or the Deposited Guarantee (as the case may be) of the First Eligible Investor, the Fund will be entitled to exclude him from the Tender Process and to invite the Second Eligible Investor, and the Second Eligible Investor must submit a Performance Letter of Guarantee within a reasonable deadline set by the Fund.
In case the Second Eligible Investor does not submit a Performance Letter of Guarantee within the prescribed by the Fund deadline, then the Fund will be entitled to request the forfeiture of its Participation Letter of Guarantee or Deposited Guarantee (as the case may be).
The Deposited Guarantee will remain in the Fund’s bank account for a time period of at least nine (9) months, starting from the end date for submitting Offers.
The Financial Offer (including any improved Financial Offers) and in general the Offer of each Candidate will have a duration equal to the duration of the Participation Letter of Guarantee submitted by or the Deposited Guaranteed deposited by such Candidate, as the duration of the Participation Letter of Guarantee or the Deposited Guarantee may be extended in accordance with the terms of the Request for Proposal.
All such written requests shall be deemed accepted and finally approved if the Company does not contest any such request within sixty (60) days following submittal to the Company.
Upon the submission of the Financial Consideration Bond by the Eligible Investor ranked in the second (2nd) place in the final Ranking Table, the Participation Bond and/or the Deposited Guarantee shall be returned to this Eligible Investor.