Framework Guarantor definition

Framework Guarantor means any person acceptable to the Authority to give a Framework Guarantee;

Framework Guarantor means any person acceptable to CCS to give a Framework Guarantee;

Framework Guarantor. The person, acceptable to CCS, who provides a Framework Guarantee. “Framework Price(s)” - The price(s) applicable to the provision of the Services set out in Framework Schedule 2 (Charging Structure).

Examples of Framework Guarantor in a sentence

• 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.

• The Supplier warrants and represents to the Authority for the benefit of the Authority that as at the Framework Commencement Date the long term credit ratings issued for the Supplier and Framework Guarantor by each of the Rating Agencies are as set out in Annex 2.

• The Supplier shall promptly notify (or shall procure that its auditors promptly notify) the Authority in writing if there is any downgrade in the credit rating issued by any Rating Agency for either the Supplier or the Framework Guarantor (and in any event within five (5 )Working Days of the occurrence of the downgrade).

• For the purposes of determining whether a Financial Distress Event has occurred pursuant to the provisions of paragraph 142.1.1, the credit rating of the Supplier or the Framework Guarantor (as the case may be) shall be deemed to have dropped below the applicable Credit Rating Threshold if any of the Rating Agencies have rated the Supplier or the Framework Guarantor (as the case may be) at or below the applicable Credit Rating Threshold.

• Framework Guarantor The person, acceptable to CCS, who provides a Framework Guarantee.

• The Supplier shall promptly notify (or shall procure that its auditors promptly notify) the Authority in writing if it ceases, or the Framework Guarantor ceases, to maintain a long term credit rating above the relevant Credit Rating Threshold (and in any event within ten (10) Working Days of ceasing to have such credit rating), whereupon the Supplier shall ensure that its auditors calculate such financial ratios as may be reasonably requested in writing by the Authority.

• The Supplier shall and shall procure that the Framework Guarantor shall maintain a long term credit rating above the relevant Credit Rating Threshold set out in Annex 1 to this Framework Schedule.

• The Supplier warrants and represents to the Authority that as at the Framework Commencement Date the long term credit ratings issued by the Rating Agency for the Supplier and the Framework Guarantor are as set out in Annex 1 to this Framework Schedule.

• The Supplier warrants and represents to the Authority for the benefit of the Authority that as at the Framework Commencement Date the long term credit ratings issued for the Supplier [and Framework Guarantor/ [and Call Off Guarantor]] by each of the Rating Agencies are as set out in Annex 2.

More Definitions of Framework Guarantor

Framework Guarantor means this agreement consisting of the Clauses together with the Framework Schedules and any appendices and annexes to the same; means [insert date dd/mm/yyyy]; means the date of execution of this Framework Agreement; means a deed of guarantee in favour of the Authority in the form set out in Framework Schedule 11 (Framework Guarantee) granted pursuant to Clause 42.1 (Guarantee);] means any person Approved by the Authority to give a Framework Guarantee;]

Framework Guarantor suppliers (including the Supplier) pursuant to the OJEU Notice; means this agreement consisting of the Clauses together with the Framework Schedules and any appendices and annexes to the same; means [insert date dd/mm/yyyy]; means the date of execution of this Framework Agreement; 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); means any person acceptable to the Authority to give a Framework Guarantee;