Process Guarantee definition

Process Guarantee means the provisions of the Construction Agreement which specify the terms of the performance guarantee criteria (as set forth in Exhibit A thereto), as the same may be amended, restated, supplemented or otherwise modified from time to time.
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Process Guarantee means at least 90% of the output of the Licensed Plant as specified in the Process Design Package when the Licensed Plant is constructed according to the Process Design Package and when Licensee meets all of the Process Guarantee Conditions.
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Process Guarantee means the Process Guarantee provided by Broin and Associates, Inc. in favor of Borrower dated November 20, 2001.
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Examples of Process Guarantee in a sentence

  • The procedure for the conduct of a Performance Test, as described in Article 6 of the Process Guarantee Agreement, shall then be repeated.

  • There are no Material Contracts other than the License Agreement, the Process Guarantee, and those agreements and contracts disclosed to Lender pursuant to this Section 4.17.

  • The Process Guarantee shall be deemed to have been met when the facility accumulates *** periods, producing *** gallons or more of biodiesel per *** hour period.

  • The following documents are incorporated herein by reference and made part hereof: Schedule A, Know-How Fee Schedule B, Process Design and Technical Information Package Schedule C, Rate Schedule and Payment Terms Process Guarantee Agreement with Schedules A,B,C&D IN WITNESS WHEREOF, the parties have agreed to the foregoing on this 1st day of May, 2006.

  • It is expressly agreed that the total Know-How Fee shall be due and payable by LICENSEE regardless of whether LICENSEE elects to complete the Agreement by continuing with the Start-Up Services and a Performance Guarantee Test Run per Articles 5 and 6 of the Process Guarantee Agreement.

  • Thereafter, all LICENSOR’S expenses up to the limit set out in Article 12 of the License Agreement shall be paid by LICENSOR if failure to meet the Process Guarantee is solely due to LICENSOR’S design and services, as defined in Schedule B of License Agreement.

  • This Agreement shall commence on the date that the Facility operates for seven days as provided in the Process Guarantee attached to the Construction Contract and continue for so long as the plant shall exist to use the Licensor's Technology.

  • IMPORTANT: THIS LETTER OF TRANSMITTAL (OR A FACSIMILE HEREOF), TOGETHER WITH CERTIFICATES REPRESENTING THE OLD NOTES AND ALL OTHER REQUIRED DOCUMENTS OR THE NOTICE OF GUARANTEED DELIVERY, MUST BE RECEIVED BY THE EXCHANGE AGENT ON OR PRIOR TO THE EXPIRATION DATE.

  • The balance of Two Hundred Thirty Two Thousand Five Hundred and no/100 Dollars ($232,500.00) is payable in full when the Plant has been accepted by LICENSEE, as described in Article 3 of the Process Guarantee Agreement.

  • No oral statements, representations or prior written matter not contained in this document shall have any effect regarding Process Guarantee.


More Definitions of Process Guarantee

Process Guarantee. Letter” shall be as defined in Section 3.6.6.
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Process Guarantee means guarantee defining the conditions of pre-concentration and purification waste solution containing 4% CaCl2. Process guarantee also specifies parameters that are indispensable to be achieved after pre-concentration and purification process. − REPORT - summary of all results obtained in course of performed tests that covers interpretation of the said results and that is to be delivered to the CONTRACTING AUTHORITY promptly after LABORATORY STAGE’s end − FINAL REPORT - summary of all results obtained in course of performed tests that covers: interpretation of the results, after BENCH SCALE STAGE and LABORATORY STAGE − VALUE OF THE AGREEMENT – shall mean the total remuneration due to the CONTRACTOR for proper execution of whole SUBJECT OF THE AGREEMENT comprising lump-sum net fee for proper execution of LABORATORY STAGE, unchangeable during the duration of the AGREEMENT, due to the CONTRACTOR for the performance of the SUBJECT OF THE AGREEMENT, materials purchased by the CONTRACTOR required for proper performance of the SUBJECT OF THE AGREEMENT and its acceptance − SUBCONTRACTOR(S) – shall mean a company or a person having a written agreement with the CONTRACTOR for the performance of any part of works or supplies, whom the CONTRACTOR may hereunder subcontract to perform part of the SUBJECT OF THE AGREEMENT.
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Related to Process Guarantee

  • Bid guarantee means the bid bond, cashier's check or certified check submitted as part of the bid proposal, payable to the contracting unit, ensuring that the successful bidder will enter into a contract.

  • Guarantee used as a verb has a corresponding meaning.

  • Limited Guarantee has the meaning set forth in the Recitals.

  • Note Guarantee means the Guarantee by each Guarantor of the Company’s obligations under this Indenture and the Notes, executed pursuant to the provisions of this Indenture.

  • Swap Guarantee If so specified in the Supplement with respect to any Series, the guarantee issued by the Swap Guarantor in favor of the Trust substantially in the form attached as an exhibit to the Swap Agreement.

  • Loan guarantee means any State or federal government

  • Canadian Guarantee means the Canadian Guarantee Agreement, made by each of the Canadian Guarantors in favor of the Canadian Administrative Agent for the benefit of the Lenders to the Canadian Borrower, substantially in the form of Exhibit A-1, as the same may be amended, supplemented or otherwise modified from time to time.

  • Permitted SBIC Guarantee means a guarantee by the Borrower of Indebtedness of an SBIC Subsidiary on the SBA’s then applicable form, provided that the recourse to the Borrower thereunder is expressly limited only to periods after the occurrence of an event or condition that is an impermissible change in the control of such SBIC Subsidiary (it being understood that, as provided in clause (s) of Article VII, it shall be an Event of Default hereunder if any such event or condition giving rise to such recourse occurs).

  • Refund Guarantee means a, or if more than one, each refund guarantee arranged by the Yard in respect of a Pre-delivery Installment and provided by one or more financial institutions contemplated by the Construction Contract, or by other financial institutions reasonably satisfactory to the Lead Arrangers, as credit support for the Yard’s obligations thereunder.

  • Guaranty means, with respect to any Person, any obligation (except the endorsement in the ordinary course of business of negotiable instruments for deposit or collection) of such Person guaranteeing or in effect guaranteeing any indebtedness, dividend or other obligation of any other Person in any manner, whether directly or indirectly, including (without limitation) obligations incurred through an agreement, contingent or otherwise, by such Person:

  • Security Guarantee means the guarantee of the Securities executed by each Guarantor and the notation thereof executed pursuant to the provisions of this Indenture.

  • Subsidiary Guarantee means any guarantee of the obligations of the Issuers under this Indenture and the Notes by any Subsidiary Guarantor in accordance with the provisions of this Indenture.

  • Securities Guarantee means each guarantee of the obligations of the Company under this Indenture and the Securities by a Guarantor in accordance with the provisions hereof.

  • Holdings Guaranty means the Holdings Guaranty made by Holdings in favor of the Administrative Agent on behalf of the Secured Parties, substantially in the form of Exhibit F.

  • Subsidiaries Guaranty shall have the meaning provided in Section 6.10.

  • Corporate Guarantee means a guarantee of the obligations of the Borrowers under this Agreement and the other Finance Documents to which each Borrower is a party, in the Agreed Form;

  • Consumer Guarantee means a right or guarantee the Customer may have under the Australian Consumer Law or other rights in relation to the supply of goods or services (such as terms implied into a contract) that cannot lawfully be excluded.

  • Notation of Guarantee means a notation, substantially in the form of Exhibit A, executed by a Guarantor and affixed to each Security of any Series to which the Guarantee of such Guarantor under Article XII of this Indenture applies.

  • Signature Guarantee Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor program reasonably acceptable to the Trustee)

  • U.S. Guaranty means the guarantee of the Obligations of each Loan Party hereunder by the U.S. Loan Parties in Article III hereunder or in a supplemental guarantee in accordance with Section 7.01(n) of this Agreement.

  • Capital Securities Guarantee means the guarantee agreement that the Company enters into with Wilmington Trust Company, as guarantee trustee, or other Persons that operates directly or indirectly for the benefit of holders of Capital Securities of the Trust.

  • Call Off Guarantee means a deed of guarantee in favour of a Contracting Body in the form set out in Framework Schedule 13 (Guarantee) and granted pursuant to Clause 3 of the Template Call Off terms;

  • Subsidiary Guarantee Agreement means the Subsidiary Guarantee Agreement, substantially in the form of Exhibit D, made by the Subsidiary Loan Parties in favor of the Administrative Agent for the benefit of the Lenders.

  • Parent Guarantee means the guarantee by Parent Guarantor of the obligations of the Issuer under this Indenture and the Securities in accordance with the provisions of this Indenture.

  • guarantee contract means a contract entered into by a person as guarantor;

  • Subsidiary Guaranty Agreement means each unconditional guaranty agreement executed by the Subsidiary Guarantors in favor of the Administrative Agent for the ratable benefit of the Secured Parties, substantially in the form of Exhibit H, as amended, restated, supplemented or otherwise modified from time to time.