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).
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.
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.

Examples of Guarantee Deposit in a sentence

  • Bank Guarantee 2.1 Bank Guarantee Deposit Amount shall be for a minimum amount of 10% of the agreement value as security to secure the due, advance payment specified under clause 2.1 above and proper performance by Contractor of its obligations inter alia under this Agreement.

  • Buyer shall return a portion of the Performance Guarantee Deposit quarterly during the first Contract Year pro rata based on the actual Energy Delivered to Buyer during such quarter compared to the total Projected Annual Energy Output for the first Contract Year.

  • Any Performance Guarantee Deposit remaining at the conclusion of the first Contract Year shall be forfeited to Buyer.

  • Performance Guarantee Deposit and Security Deposit will be released/ returned/ reimbursed to the Successful Bidder, two months after the Assignment (Development/ Master Plan) has been notified by the State Government.

  • EMD of all Unsuccessful Bidders will be returned, within 30 Days of Acceptance of Work Order awarded to the Successful Bidder, Electronically, through Bank Transfer, vide Details of Bank Account mentioned by the Bidder, as Part of this Proposal at Table 9: Factsheet Proforma for Furnishing Details/ General Information about the Bid Applicant/ Bidder Interest Free Performance Guarantee Deposit, PGD @5% of the Contracted Value of Assignment will be collected by the TCPD- GoUK, prior to issue of Work Order.

  • Annexure-BForm of Performance Guarantee Deposit 31 to 32(Bank Guarantee Bond) 11.

  • Performance Guarantee Deposit of Rs. 10 lakh per MW will be raised in 2 years by deducting from payments to developers in 24 equal installments.

  • The Customer may also be required to provide a revenue guarantee deposit as set out in Section 4.6 (Revenue Guarantee Deposit).

  • On the Effective Date, Seller shall post a Cash deposit in the amount of fifteen dollars ($15.00) for a Small Distributed Generation Project 2 or twenty-five dollars ($25.00) for a Large Distributed Generation Project multiplied by the Projected Annual Energy Output (measured in MWh) for the first Contract Year (“Performance Guarantee Deposit”); provided that in no event will the Performance Guarantee Deposit be less than five hundred dollars ($500) or more than seventy-five thousand dollars ($75,000).

  • The Bank Guarantee Bond for EMD Deposit shall be as per the Model form at Annexure-1.5. The Bank Guarantee Deposit by the Contractors shall be entered in a register to be maintained by the Divisional Officer/Accounts Officer of the concerned Electrical Division and the register shall be reviewed periodically and appropriate action to be taken for extending/ en- cashing or release of these Bank Guarantee.6. This is issued with the concurrence of Telecom Finance vide their U.O.No.274/FA-V dated7.


More Definitions of Guarantee Deposit

Guarantee Deposit has the meaning set forth in Clause 4
Guarantee Deposit means an advance financial payment against future Water Services that are received on credit;
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.
Guarantee Deposit means the deposit required by a Water and Wastewater Service Provider pursuant to Section 27;

Related to Guarantee Deposit

  • Guarantee Amount means the maximum amount payable under a guarantee which amount shall be specifically set forth in writing at the time the guarantee is entered into by the authority.

  • Guarantee Fee shall have the meaning given to that term in Section 4.1.

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.

  • Guarantee Payment means any payment made by a Guarantor pursuant to a Guarantee Agreement in respect of a Trust Student Loan.

  • Cash Collateral Account means a blocked account at a commercial bank specified by the Administrative Agent in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner reasonably satisfactory to the Administrative Agent.

  • L/C Cash Collateral Account means an interest bearing cash collateral account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Class A Cash Collateral Account means, in respect of the Class A Liquidity Facility, an Eligible Deposit Account in the name of the Subordination Agent maintained at an Eligible Institution, which shall be the Subordination Agent if it so qualifies, into which amounts shall be deposited as referred to in Section 3.05(f).

  • 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 Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Guarantor Obligations with respect to any Guarantor, all obligations and liabilities of such Guarantor which may arise under or in connection with this Agreement (including, without limitation, Section 2) or any other Loan Document to which such Guarantor is a party, in each case whether on account of guarantee obligations, reimbursement obligations, fees, indemnities, costs, expenses or otherwise (including, without limitation, all fees and disbursements of counsel to the Administrative Agent or to the Lenders that are required to be paid by such Guarantor pursuant to the terms of this Agreement or any other Loan Document).

  • Cash Collateral Accounts shall have the meaning given such term in Section 9(a).

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,799,999.80.

  • Cash Collateral Agreement means the Cash Collateral Agreement, dated as of the date hereof, between the Borrower and the Collateral Agent, for the benefit of the Lenders, substantially in the form of Exhibit C.

  • Letter of Credit Cash Collateral Account means a blocked deposit account at Bank of America with respect to which Borrower hereby grants a security interest in such account to Administrative Agent for and on behalf of Lenders as security for Letter of Credit Usage and with respect to which Borrower agrees to execute and deliver from time to time such documentation as Administrative Agent may reasonably request to further assure and confirm such security interest.

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Guaranteed Debt of any Person means, without duplication, all Indebtedness of any other Person referred to in the definition of Indebtedness contained in this Section guaranteed directly or indirectly in any manner by such Person, or in effect guaranteed directly or indirectly by such Person through an agreement (i) to pay or purchase such Indebtedness or to advance or supply funds for the payment or purchase of such Indebtedness, (ii) to purchase, sell or lease (as lessee or lessor) property, or to purchase or sell services, primarily for the purpose of enabling the debtor to make payment of such Indebtedness or to assure the holder of such Indebtedness against loss, (iii) to supply funds to, or in any other manner invest in, the debtor (including any agreement to pay for property or services without requiring that such property be received or such services be rendered), (iv) to maintain working capital or equity capital of the debtor, or otherwise to maintain the net worth, solvency or other financial condition of the debtor or (v) otherwise to assure a creditor against loss; provided that the term "guarantee" shall not include endorsements for collection or deposit, in either case in the ordinary course of business.

  • Guarantee Payments means the following payments or distributions, without duplication, with respect to the Preferred Securities, to the extent not paid or made by the Issuer: (i) any accrued and unpaid Distributions (as defined in the Declaration) that are required to be paid on such Preferred Securities to the extent the Issuer shall have funds available therefor, (ii) the redemption price, including all accrued and unpaid Distributions to the date of redemption (the "Redemption Price") to the extent the Issuer has funds available therefor, with respect to any Preferred Securities called for redemption by the Issuer, and (iii) upon a voluntary or involuntary dissolution, winding-up or termination of the Issuer (other than in connection with the distribution of Debentures to the Holders in exchange for Preferred Securities as provided in the Declaration), the lesser of (a) the aggregate of the liquidation amount and all accrued and unpaid Distributions on the Preferred Securities to the date of payment, to the extent the Issuer shall have funds available therefor, and (b) the amount of assets of the Issuer remaining available for distribution to Holders in liquidation of the Issuer (in either case, the "Liquidation Distribution"). If an event of default under the Indenture has occurred and is continuing, the rights of holders of the Common Securities to receive payments under the Common Securities Guarantee Agreement are subordinated to the rights of Holders of Preferred Securities to receive Guarantee Payments.

  • 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.

  • Guarantor Payment as defined in Section 5.11.3.

  • Guarantor Payment Date means (a) prior to the delivery of a Guarantor Default Notice, the date falling on the 10th day of February, May, August and November of each year or, if such day is not a Business Day, the immediately following Business Day, provided that the fist Guarantor Payment Date will be 10 February 2014; and (b) following the delivery of a Guarantor Default Notice, any day on which any payment is required to be made by the Representative of the Covered Bondholders in accordance with the Post-Enforcement Priority of Payments, the relevant Final Terms and the Intercreditor Agreement.

  • Guarantee and Collateral Agreement the Guarantee and Collateral Agreement to be executed and delivered by the Borrower and each Subsidiary Guarantor, substantially in the form of Exhibit A, as the same may be amended, supplemented or otherwise modified from time to time.

  • Yield Supplement Account Deposit means the initial deposit of cash in the amount of $[_________] made by or on behalf of the Seller into the Yield Supplement Account on the Closing Date.

  • Facility LC Collateral Account is defined in Section 2.20.11.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Collateral Proceeds Account a non-interest bearing cash collateral account established and maintained by the relevant Grantor at an office of the Collateral Account Bank in the name, and in the sole dominion and control of, the Collateral Agent for the benefit of the Secured Parties.

  • Guaranteed Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank.