Framework Guarantee definition

Framework Guarantee means a deed of guarantee in favour of the Authority in the form set out in Framework Schedule 13 (Framework Guarantee) granted pursuant to Clause 7(Guarantee);
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Framework Guarantee means a deed of guarantee in favour of CCS in the form set out in Framework Schedule 13 (Framework Guarantee) granted pursuant to Clause 8 (Guarantee);
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Examples of Framework Guarantee in a sentence

  • Consider whether the Supplier should provide a Call Off Guarantee on or before the Call Off Commencement Date (and check if the Customer has procured a Framework Guarantee under the Framework Agreement which covers the Call Off Contract).

  • GUARANTEE Where the Authority notifies the Supplier that the award of this Framework Agreement shall be conditional upon receipt of a valid Framework Guarantee, then on or prior to the execution of the Framework Agreement the Supplier shall deliver to the Authority: an executed Framework Guarantee from a Framework Guarantor; and a certified copy extract of the board minutes and/or resolution of the Framework Guarantor approving the execution of the Framework Guarantee.

  • Where the Authority notifies the Supplier that the award of this Framework Agreement shall be conditional upon receipt of a valid Framework Guarantee, then on or prior to the execution of the Framework Agreement the Supplier shall deliver to the Authority: an executed Framework Guarantee from a Framework Guarantor; and a certified copy extract of the board minutes and/or resolution of the Framework Guarantor approving the execution of the Framework Guarantee.

  • This Clause will only be required if there is a Framework Guarantee.

  • Where this deed of guarantee is used to procure a Framework Guarantee in favour of the Authority, this paragraph numbered (2) above will set out the details of the Authority.

  • This sub-Clause will only be required if there is a Framework Guarantee.

  • If GPS decides to retain Clause 8, the requirement for a Framework Guarantee should also be stated in the ITT/Selection Questionnaire; and the highlighting of Clause 32.1 should be switched to yellow.

  • This Clause 8 (Guarantee) will only be required if GPS requires a Framework Guarantee for its own benefit prior to execution of the Framework Agreement or the first Call Off Agreement.

  • If CCS decides to retain Clause 8, the requirement for a Framework Guarantee should also be stated in the ITT/Selection Questionnaire; and the highlighting of Clause 32.1 should be switched to yellow.

  • If CCS decides to retain Clause 8.1, the requirement for a Framework Guarantee should also be stated in the ITT/Selection Questionnaire; and the highlighting of Clause 33.1 should be switched to yellow.

Related to Framework 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;

  • Guarantee used as a verb has a corresponding meaning.

  • Framework Agreement means the Clauses of this Framework Agreement together with the Framework Schedules and annexes to it;

  • EPC Contract means the Seller’s engineering, procurement and construction contract with the EPC Contractor.

  • Performance Guarantee means the security to be provided by the Contractor in accordance with Sub Clause 10.1 for the due performance of the Contract.

  • Guaranteed Energy Production or “GEP” has the meaning set forth in Section 3.1(e)(ii).

  • Guaranty means, with respect to any Person, any obligation (except the endorsement in the ordinary course of business of negotiable instruments for deposit or collection) of such Person guaranteeing or in effect guaranteeing any indebtedness, dividend or other obligation of any other Person in any manner, whether directly or indirectly, including (without limitation) obligations incurred through an agreement, contingent or otherwise, by such Person:

  • Construction Contract or “contract” means a written agreement between a contractor and a public agency for the construction, alteration, demolition, or repair of a facility, other than a contract having a dollar value of less than $30,000.00 or a contract that provides for 3 or fewer payments.

  • 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.