Foreign Bank Guarantee definition

Foreign Bank Guarantee means any bank guarantee collateralized by cash and securities and directly relating to foreign lease obligations.
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Foreign Bank Guarantee means any bank guarantee collateralized by cash and securities and directly relating to foreign lease obligations. “Foreign Lender” means any Lender that is not a U.S. Person.
Sample 1

Examples of Foreign Bank Guarantee in a sentence

  • The Seller will give the Performance Bond, at EP PETROECUADOR's satisfaction, issued by a national bank, with the guarantee of one of the foreign banks, in accordance with the list (check link) and with the attached format, it must be attached a copy of the Foreign Bank Guarantee.

  • The Builder shall obtain and hand over to the Construction Trustee the declaration of the obligor and issuer of the Foreign Bank Guarantee addressed to the Construction Trustee that they shall not make any claim of compensation regarding the drawdown of the bank guarantee, or, failing this 2.

  • If the Builder does not comply with his obligation under the above Paragraph 2 within 30 days from the submission of the claim by the obligor or the issuer of the Foreign Bank Guarantee towards the Construction Trustee, the Construction Trustee shall be entitled the reimburse the money resulting from the drawdown of the Foreign Bank Guarantee to the obligor or the issuer of the Foreign Bank Guarantee.

  • The Builder is entitled to perform the above obligation stated in Paragraph 1 prior to the drawdown of the Foreign Bank Guarantee after it received the Foreign Bank Guarantee from the General Contractor but its drawdown has not taken place yet.

  • In case of Foreign Bank Guarantee, the same must be endorsed by any scheduled Bank of Bangladesh with full financial risk and liabilities.

  • This Bank Guarantee must be issued by a national bank with the guarantee of one of the first class foreign banks, in accordance with the list (check link) and attached format.The list of banks accepted by EP PETROECUADOR can be accessed at the following link: http://www4.eppetroecuador.ec/rcp/GCIComercial/Bancos/ListadeBancos2020.pdfThe banks’ list may be amended by EP PETROECUADOR.Offer must be accompanied by its corresponding Bid Bond and copy of the Foreign Bank Guarantee.

  • The Supplier shall submit a Performance Bond from a Pakistani Scheduled Bank having a minimum AA rating located in Pakistan or Foreign Bank Guarantee with counter Bank Guarantee of Scheduled Bank of Pakistan with minimum AA rating for the proper and conscientious execution of the Contract before the signing of Contract in the form of a bank guarantee.

  • The Bank may provide the Customer with both Inland Bank Guarantee and Foreign Bank Guarantee.

  • Through our skill and experience, we normally structure and tweak arrangements suited to explicit business necessities.➢ Foreign Bank Guarantee BusinessA number of Foreign Companies are interested in participating in the construction/development of various projects in Bangladesh and are submitting theirbids for which Bid Bond/ Performances Guarantee/Advance Payment Guarantees are required by the Government Agencies.

  • For Performance Guarantee, Bid Bond Guarantee, Financial Guarantee, Advance Payment Guarantee, Foreign Bank Guarantee and Deferred Payment Guarantee Consumer Court Consumer Complaint format download.

Related to Foreign Bank Guarantee

  • Bank Guarantee means an irrevocable and unconditional undertaking by a trading bank approved by the Council to pay the Development Contribution amount on demand without an expiry or end date and containing terms and conditions acceptable to Council and in accordance with clause 9 of this Agreement;

  • Performance Bank Guarantee means the irrevocable unconditional bank guarantee to be submitted by the successful bidder as per the RfS.

  • Foreign Bank means an organization that (i) is organized under the laws of a foreign country, (ii) engages in the business of banking, (iii) is recognized as a bank by the bank supervisory or monetary authority of the country of its organization or principal banking operations, (iv) receives deposits to a substantial extent in the regular course of its business, and (v) has the power to accept demand deposits, but does not include the U.S. branches or agencies of a foreign bank;

  • UK Non-Bank Lender means (a) where a Lender becomes a party hereto on the day on which this Agreement is entered into, a Lender listed in Schedule 3.01(j), and (b) where a Lender becomes a party hereto after the day on which this Agreement is entered into, a Lender which gives a UK Tax Confirmation in the Assignment and Assumption and/or Joinder Agreement which it executes on becoming a party hereto.

  • Evergreen Letter of Credit has the meaning set forth in Section 2.01.

  • Fronted Letter of Credit means a standby Letter of Credit issued by an Issuing Lender having an L/C Fronting Commitment in which each Lender purchases a risk participation pursuant to Section 3.4.

  • International Borrower In connection with any Mortgage Loan, a borrower who is (a) a United States citizen employed in a foreign country, (b) a non-permanent resident alien employed in the United States or (c) a citizen of a country other than the United States with income derived from sources outside the United States.

  • Canadian Letter of Credit means any letter of credit issued by the Canadian Lender pursuant to Section 2.03. A Canadian Letter of Credit may be a commercial letter of credit or a standby letter of credit. No Letter of Credit shall be or become a Canadian Letter of Credit.

  • Facility Letter of Credit means a Letter of Credit issued hereunder.

  • Letter of Credit Guaranty means one or more guaranties by the Administrative Agent in favor of the L/C Issuer guaranteeing or relating to the Borrowers' obligations to the L/C Issuer under a reimbursement agreement, Letter of Credit Application or other like document in respect of any Letter of Credit.

  • foreign financial institution means an institution registered as a foreign financial institution with the Ministry of Finance in the Mexican Banking and Financial Institutions, Pensions, Retirement and Foreign Investment Funds Registry for purposes of Article 195, Section I of the Mexican Income Tax Law.

  • Subsidiary Borrower means, individually and collectively, as the context requires, each Subsidiary that is or becomes a “Borrower” in accordance with Section 2.22; in each case, unless and until it becomes a “Terminated Subsidiary Borrower”.

  • Auto-Extension Letter of Credit has the meaning specified in Section 2.03(b)(iii).

  • Account Party has the meaning specified therefor in Section 2.11(h) of this Agreement.

  • Standby Letter of Credit Agreement means the Standby Letter of Credit Agreement relating to the issuance of a Standby Letter of Credit in the form from time to time in use by the L/C Issuer.

  • UK Guarantor means any Guarantor organized under the laws of England and Wales.

  • Domestic Subsidiary Borrower any Subsidiary Borrower which is a Domestic Subsidiary.

  • Facility Letter means, in relation to any Facilities, such facility letters from Citibank to me or any agreement, document or instrument or arrangement from time to time made between Citibank and me relating to such Facilities, whether they are expressed to be subject to the Terms or otherwise.

  • Canadian financial institution means (i) an association governed by the Cooperative Credit Associations Act (Canada) or a central cooperative credit society for which an order has been made under section 473(1) of that Act, or (ii) a bank, loan corporation, trust company, trust corporation, insurance company, treasury branch, credit union, caisse populaire, financial services cooperative, or league that, in each case, is authorized by an enactment of Canada or a jurisdiction of Canada to carry on business in Canada or a jurisdiction of Canada;

  • U.S. Letter of Credit means any Letter of Credit issued hereunder for the purpose of providing credit support for any U.S. Borrower, any Domestic Subsidiary or any Foreign Subsidiary.

  • Foreign Borrower means any Borrower that is organized under the laws of a jurisdiction other than the Unites States, a state thereof or the District of Columbia.

  • Domestic Borrower means any Borrower organized under the laws of the United States of America or any state of the United States of America.

  • Credit Provider means a Person providing a guaranty, or other credit support, in form and substance reasonably acceptable to the Administrative Agent, of the obligations of an Included Investor to make Investor Capital Contributions.

  • Domestic Loan Party means any Loan Party organized under the laws of any state of the United States of America or the District of Columbia.

  • Documentary Letter of Credit means any Letter of Credit that is drawable upon presentation of documents evidencing the sale or shipment of goods purchased by the Borrower or a Guarantor in the ordinary course of its business.

  • Trade Letter of Credit means any Letter of Credit that is issued under the Letter of Credit Facility for the benefit of a supplier of inventory to the Borrower or any of its Subsidiaries to effect payment for such Inventory.