Examples of Financial Guarantees in a sentence
Return of the Financial Guarantees In the absence of outstanding issues, ANP shall issue the certificate of completion of the Minimum Exploration Program within thirty (30) days after its completion and, then, it shall return the respective financial guarantees.
Types of Financial Guarantees Contractor may submitted to ANP the following types of financial guarantee: letter of credit; bid bond; or Oil and Gas pledge agreement.
Return of the Financial Guarantees In the absence of outstanding issues, ANP shall issue the certificate of completion of the Minimum Exploration Program or, as the case may be, of the additional exploration activities in consideration for extension of the Exploration Phase within thirty (30) days after its completion and, then, it shall return the respective financial guarantees.
Adjustment of the Financial Guarantees The amount of the financial guarantee for the Minimum Exploration Program shall be automatically subject to inflation adjustment on January 1 of each calendar year by the General Price Index – Internal Availability (IGP-DI) variation, published by Fundação Xxxxxxx Xxxxxx, of the immediately preceding year, except on the January 1 immediately following the publication of the tender protocol, in which case there shall be no adjustment.
Return of the Financial Guarantees In the absence of outstanding issues, ANP shall issue the certificate of completion of the Minimum Exploration Program or, as the case may be, of the additional exploration activities in consideration for extension of the Exploration Phase, within thirty (30) days after its completion and, then, it shall return the respective financial guarantees.
Return of the Financial Guarantees At the end of the Rehabilitation Phase, and once the Rehabilitation Phase Final Report is approved, ANP shall return the respective financial guarantees to the Concessionaire in up to ninety (90) days.
Readjustment and Updating of the Financial Guarantees Provided it is properly motivated, ANP may readjust the expected amount of the Minimum Exploratory Program object of the guarantee documents submitted by the Contracted Party.
Execution of the Financial Guarantees If the Consortium Members do not comply with the Minimum Exploratory Program, ANP will execute the respective financial guarantees.
Form of the Financial Guarantees The Contracted Party will be able to provide ANP with the following documents as financial guarantees of the Minimum Exploratory Programs: Irrevocable Letter of Credit Guarantee Insurance; or Contract for a pledge of Petroleum.
Return of the Financial Guarantees The financial guarantees of decommissioning and abandonment shall be returned to the Concessionaire by ANP within ninety (90) days after: the end of the Rehabilitation Phase and once the Final Report of the Rehabilitation Phase is approved; and the end of the Production Phase and once the Final Report of Decommissioning and Abandonment is approved.