Examples of EPC Guaranty in a sentence
Simultaneously with the execution of this Agreement, Contractor shall cause Siemens Corporation to guarantee irrevocably and unconditionally the performance and payment of all of Contractor's obligations hereunder by executing and delivering to Owner a guaranty substantially in the form set forth in Appendix L hereto (the "EPC Guaranty").
Fluor Corporation and Duke Energy Capital guaranteed the obligations of Fluor Xxxxxx under the EPC Contract pursuant to the EPC Guaranty referred to in the Agreement for Lease.
Such EPC Contract, the EPC Guaranty, the O&M Agreement, the GE Guaranty and other agreements (defined in the Agreement for Lease and the Lease as Project Contracts) are collectively referred to herein as the “Project Contracts”.
The amount of such Construction Loans to be used for an NEG EPC Guaranty Reimbursement cannot exceed the sum of (a) the aggregate of the remaining Contingencies (if any) for all Approved Projects and (b) the unused amount (if any) in the Borrower Budget.
The EPC Contract and EPC Guaranty shall each be in full force and effect as approved by the board of directors of General Partner in a vote where a majority of the COP Directors voted in favor thereof in all respects including provisions with respect to scope of work, insurance, warranties, liquidated damages, completion deadlines, performance standards, performance testing and subcontractor approvals.