Examples of Parent Company in a sentence
Provided that, in case the Lead Member or Bidding Company is holding equity through Affiliate/s, Ultimate Parent Company or Parent Company, such restriction as specified above shall apply to such entities.
The Contractor must provide a performance guarantee from <insert name of the Parent Company of the Contractor> (“Guarantor”), pursuant to which the Guarantor undertakes to fulfil the Contractor’s obligations under this Agreement in the event of default by the Contractor.
If during the duration of the Agreement, the Guarantor ceases to be the Parent Company of the Contractor, the Contractor must procure a substitute deed of guarantee in favour of the Principal by a party determined as acceptable by the Principal or equivalent security in substitution as determined by the Principal.