Financial guarantee definition

Financial guarantee means a performance bond, maintenance bond, surety bond, irrevocable letter of credit, or similar guarantees submitted to the [administering authority] by the responsible party to assure that requirements of the ordinance are carried out in compliance with the storm water management plan.

Financial guarantee means a formal written confirmation from a Sponsor that they will be responsible for part or full payment of any of a Student’s Accommodation, Tuition and/or Other Fees;

Financial guarantee means a bond, security, letter of credit, etc. provided by the Owner to serve as a payment source should the Owner fail to meet the obligations and requirements of the approved Sediment and Stormwater Management Plan.

Examples of Financial guarantee in a sentence

• Financial guarantee contracts are recognised initially as a liability at fair value, adjusted for transaction costs that are directly attributable to the issuance of the guarantee.

• Financial guarantee contracts are recognised initially as a liability at fair value, net of transaction costs.

• Financial guarantee contracts are recognised as a financial liability at the time the guarantee is issued.

• Financial guarantee contracts are contracts that require the issuer to make specified payments to reimburse the holder for a loss it incurs because a specified debtor fails to make payments when due, in accordance with the terms of a debt instrument.

• Financial guarantee contracts are recognized initially as a liability at fair value, adjusted for transaction costs that are directly attributable to the issuance of the guarantee.

More Definitions of Financial guarantee

Financial guarantee means an irrevocable written undertaking issued by a registered South African Bank in favour of the Municipality, to honour all obligations (present or future) owed by a person to the Municipality or Municipal Entity, should that person be in breach of any such obligation;

Financial guarantee means a performance bond, maintenance bond, surety bond, irrevocable letter of credit, or similar guarantees submitted to the Department by the responsible party to assure that requirements of the Chapter are carried out in compliance with the stormwater management plan.

Financial guarantee means an irrevocable and unconditional written undertaking, in the prescribed form, issued by a registered South African Bank in favour of the Municipality, to honour all obligations (present or future) owed by a person to the Municipality, should that person be in breach of any or such obligation;

Financial guarantee means a form of financial security posted to do one or more of the following: ensure timely and proper completion of improvements; ensure compliance with the Sammamish Municipal Code; or provide secured warranty of materials, workmanship of improvements and design. “Financial guarantees” include assignments of funds, cash deposit, surety bonds or other forms of financial security acceptable to the director. “Performance guarantee,” “maintenance guarantee” and “defect guarantee” are considered subcategories of financial guarantee. (Ord. O2011‐304 § 1 (Att. A))

Financial guarantee means a financial guarantee or insurance product, which identifies the Minister as the beneficiary, issued by a financial institution as defined in the Financial Sector Regulation Act, 2017 (Act No. 9 of 2017) with at least an investment grade credit rating from an international rating agency;

Financial guarantee means a performance bond, maintenance bond, surety bond, irrevocable letter of credit, or similar guarantee is submitted to the Public Works Department by the responsible party to assure that requirements of the ordinance are carried out in compliance with the storm water management plan.

Financial guarantee means this Financial Guarantee No.[●], without regard to any amendment, modification or supplement hereto other than any such amendment, modification or supplement made in accordance with clause 13.3;