Examples of Guaranty Amount in a sentence
Accompanying this proposal is either a bid bond on the department form, executed by a corporate surety company satisfactory to the department, or a proposal guaranty check consisting of a bank cashier’s check or a properly certified check for not less than 5 per cent of the amount bid or for the amount specified in the following schedule: Amount of BidProposal Guaranty Amount of BidProposal Guaranty Up to $5,000 ....................
On a quarterly basis, Competitive Supplier may, but is not required, to reduce the Guaranty Amount by the product of: (a) the ratio determined by dividing the total number of months remaining in the ESA by the total number of months in the initial term of the ESA times (b) the Guaranty Amount.
Guaranty Payment (lesser of J or Guaranty Amount from prior month) .00 L.
Should a Downgrade Event occur, the Town may request that Competitive Supplier provide cash or a Letter of Credit as a substitute form of security equal to the Guaranty Amount.
Without limiting the generality of the foregoing, the determination of a Maximum Guaranty Amount for any Affected Guarantor pursuant to the provisions of the second preceding sentence of this Section 11.07 shall not in any manner reduce or otherwise affect the obligations of any other Guarantor (including any other Affected Guarantor) under the provisions of this Article XI.