Examples of Guaranteed Sum in a sentence
Maximum Guaranteed Sum (not exceeding 10 % of the contract sum) in the amount of: .
Bank, and duly authorized thereto, confirm that we hold the Guaranteed Sum at the disposal of the Employer as security for the proper performance by the Contractor of all of its obligations in terms of and arising from the Contract and hereby undertake to pay to the Employer, on written demand from the Employer received prior to the Expiry Date, any sum or sums not exceeding in total the Guaranteed Sum.
GUARANTOR’S LIABILITYPERIOD OF LIABILITYMaximum Guaranteed Sum (not exceeding 10 % of the contract sum) in the amount of:.
Where, Minimum Guaranteed Sum Assured on Maturity shall be the Basic Sum Assured.
Upon survival of Life Assured till the end of the Policy Term, Guaranteed Sum Assured on Maturity shall be payable.