Guarantee Deposit definition

Guarantee Deposit means the deposit of a specific amount by a Candidate in a bank account of the Fund, as guarantee for compliance with the obligations arising from the Candidate’s participation in the Tender Process, as specified in paragraph 6.1 (i).
Sample 1Sample 2Sample 3
Guarantee Deposit means a sum of money specified by Dekalb County deposited by a prospective customer as guarantee that bills for service will be paid.
Sample 1Sample 2
Guarantee Deposit means the deposit of the amount of five hundred thousand Euros (€500,000) by a Candidate to the Bank Account as a guarantee for the full, proper and timely fulfillment of any and all obligations of the Candidate, primary and secondary, that derive from this Request for Proposal and from the participation in the Tender Process, as provided in paragraph 5.1.2, which (deposit) shall be maintained credited the latest up until the date of execution of the Share Purchase Agreement. The option for a Guarantee Deposit is provided to the Candidate as an alternative to substitute for the Participation Bond, as provided in detail in paragraph 5.1.2.
Sample 1

Examples of Guarantee Deposit in a sentence

  • Guarantee deposit of warranty deposits - if the security deposit is calculated at the beginning of the lease, its amount should be indicated in the contract.

  • Guarantee deposit The Lessee will pay an interest-free deposit of RMB4,700,000 (equivalent to approximately HK$5,560,100) to Greengold Leasing on the same day the consideration for the Assets transfer has been paid by Greengold Leasing to secure its payment obligations under the Finance Lease.

  • Concessionaire shall, within twenty (20) business days of receipt of such written notice from City increasing the Performance Guarantee, deposit the additional amount with City by supplemental letter of credit and/or surety bond or other instrument in accordance with this Article.

  • Guarantee deposit The Lessees shall pay and have paid an interest-free deposit of RMB837,000 (equivalent to approximately HK$1,004,400) to Greengold Leasing on the same day the consideration for the Leased Assets transfer has been paid by Greengold Leasing to secure their payment obligations under the Finance Lease.

  • The grantee must transfer the appropriate Revolving Loan Fund (RLF) funds by resolution to the activities for which matching funds were committed in the Targets of Opportunity Program application.

  • If, due to abandonment or early cancellation of the Room, the termination date of the Contract is not met, the Resident and / or Payer will not be entitled to the refund of the Security Deposit nor the Rental Guarantee deposit.

  • The Guarantee deposit shall bear monthly interest at the interbank one (1) month rate offered within the euro zone (Euribor 1 month) at the rate applicable on the first (1st) of that month, for the period between the date paid to GRTgaz and the date repaid by GRTgaz.


More Definitions of Guarantee Deposit

Guarantee Deposit means the monetary funds remitted for performance of obligations under the Model Agreement. When the Agency violates the terms & conditions of the Model Agreement related to timeliness and fullness of remittances, TCH is entitled to use the Guarantee Deposit Amount to cover the Agency’s current obligations. The return of the Guarantee Deposit to the Agency shall be made upon the Agency’s written request no earlier than 5 (five) working days counted from the next working day after the day of crediting of the payment from the Agency in accordance with Reporting & Settlement Calendar, upon the condition that the Agency has fulfilled its obligations in full. TCH communicates to the Agency the information about the timeframe of withdrawal of the Guarantee Deposit Amount and the Limit, which corresponds to this Guarantee Deposit, from the Disposable Amount. The Guarantee Deposit can be offset against current settlements under Model Agreement upon the Agency’s request made in writing. The Limit, which corresponds to the Guarantee Deposit Amount, shall be withdrawn from the Disposable Amount no later than 3 (three) working days counted from the date when the Agency’ request was received by TCH. In case of termination of the Model Agreement, a residual of the Guarantee Deposit less the Agency’s outstanding obligations will be returned to the Agency’s account upon the Agency’s written request within 30 (thirty) days from the termination date of the Model Agreement provided that a reconciliation report was signed between the Agency and TCH.
Sample 1
Guarantee Deposit means an advance financial payment against future Water Services that are received on credit;
Sample 1
Guarantee Deposit has the meaning set forth in Clause 4
Sample 1
Guarantee Deposit means the deposit required by a Water and Wastewater Service Provider pursuant to Section 27;
Sample 1

Related to Guarantee Deposit

  • Cash Collateral Account means a blocked, non-interest bearing deposit account of one or more of the Loan Parties at Bank of America in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner satisfactory to the Administrative Agent.

  • Guarantee Period /’Maintenance Period’ shall mean the period during which the Contractor shall remain liable for repair or replacement of any defective part of the works performed under the contract.

  • Collateral Account Agreement means the Collateral Account Agreement executed and delivered by Company and Administrative Agent on the Closing Date, substantially in the form of EXHIBIT XXIII annexed hereto, as such Collateral Account Agreement may hereafter be amended, supplemented or otherwise modified from time to time.