Warranty Bank Guarantee definition

Warranty Bank Guarantee means: a bank guarantee provided by the Supplier with respect to each R.S separately in favor of APC, which shall remain in full force and effect for the duration of the Warranty Period of the respective R.S (as such term is defined in Section 16 herein), in an amount equal to 10% of the price of each R.S delivered to APC, and in the form Attached hereto as Appendix A.
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Warranty Bank Guarantee means an irrevocable bank guarantee issued by the Guarantor and delivered to the State Company in accordance with clause 11 of article 9.2 of this Agreement to secure the performance of the contractual obligations by the Contractor after the completion of Overhaul.
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Warranty Bank Guarantee means: a bank guarantee provided by the Supplier with respect to each OPG separately in favor of APC, which shall remain in full force and
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Examples of Warranty Bank Guarantee in a sentence

  • In respect of the requirement for furnishing Warranty Bank Guarantee, the variation shall be normalized by loading the quoted price by an amount equivalent to 10% of quoted price minus the quantum, if any, for which portion of guarantee is agreed to by the bidder.

  • For Performance cum Warranty Bank Guarantee (PWBG), Total Contract Price including taxes and duties is to be considered.

  • Fifteen (15) % of the Base Contract Price shall be paid within thirty (30) days of submission of claim and a Bank Guarantee for the equivalent amount and Performance-Cum Warranty Bank Guarantee, subject to correction and acceptability of the documents submitted.

  • Balance 10% payment shall be made on receipt and acceptance of the items and on submission of Warranty Bank Guarantee for 10% value of the spares and tools and special tools and instruments.

  • Warranty Bank Guarantee equivalent to 10% value shall be provided on successful commissioning.

  • Performance cum Warranty Bank Guarantee should be valid up to 60 days beyond the date of warranty.

  • The Performance cum Warranty Bank Guarantee will be subject to encashment by the Buyer, in case the conditions regarding adherence to delivery schedule, settlement of claims and other provisions of the contract are not be filled of the seller.

  • For functions of higher dimensions, the only available analytic tool is the gradient, which does not have a direct intuitive meaning for most analysts.

  • The Warranty Bank Guarantee shall be released after submission of this BG for AMC.

  • No interest shall be payable to the contractor against the Warranty Bank Guarantee as stipulated hereinabove.


More Definitions of Warranty Bank Guarantee

Warranty Bank Guarantee means: a bank guarantee provided by the Supplier with respect to each EMCG separately in favor of APC, which shall remain in full force and effect for the duration of the Warranty Period of the respective EMCG (as such term is defined in
Sample 1
Warranty Bank Guarantee means: a bank guarantee provided by the Supplier with respect to each ECH-FLT separately in favor of APC, which shall remain in full force and effect for the duration of the Warranty Period of the respective ECH-FLT (as such term is defined in Section 16 herein), in an amount equal to 10% of the price of each ECH-FLT delivered to APC, and in the form Attached hereto as Appendix A.
Sample 1
Warranty Bank Guarantee means: a bank guarantee provided by the Supplier with respect to each Tractor separately in favor of APC, which shall remain in full force and effect for the duration of the Warranty Period of the respective Tractor (as such term is
Sample 1

Related to Warranty Bank Guarantee

  • Bank Guarantee means an irrevocable and unconditional undertaking by a trading bank approved by the Council to pay the Development Contribution amount on demand without an expiry or end date and containing terms and conditions acceptable to Council and in accordance with clause 9 of this Agreement;

  • Performance Bank Guarantee means the irrevocable unconditional bank guarantee to be submitted by the successful bidder as per the RfS.

  • Performance Bank Guarantee/ Security Deposit means interest free amount to be deposited by the Contractor with NMRC as per terms and conditions of Contract Agreement as a security against the performance of the Contract agreement

  • Evergreen Letter of Credit has the meaning set forth in Section 2.01.

  • Facility Letter of Credit means a Letter of Credit issued by the Issuer pursuant to Section 2.2.

  • Facility Letter means the facility letter and the other letters of offer or other letters which may from time to time be issued by the Bank to the Borrower in relation to the Facilities.

  • Financial Letter of Credit means any Letter of Credit other than a Performance Letter of Credit.

  • Commercial Letter of Credit means any letter of credit which is a commercial letter of credit issued in respect of the purchase of goods or services by the Borrower or any of its Subsidiaries.

  • Acceptable Letter of Credit means a clean, unconditional, irrevocable letter of credit issued by a Wisconsin bank or any other financial institution acceptable to the commissioner which renews on an annual basis for a 3–year term unless written notice of non- renewal is given to the commissioner and the limited service health organization at least 60 days prior to the renewal date.

  • Letter of Credit Guaranty means one or more guaranties by the Administrative Agent in favor of the L/C Issuer guaranteeing or relating to the obligations of the Borrower to the L/C Issuer under a reimbursement agreement, Letter of Credit Application or other like document in respect of any Letter of Credit.

  • Standby Letter of Credit Agreement means the Standby Letter of Credit Agreement relating to the issuance of a Standby Letter of Credit in the form from time to time in use by the L/C Issuer.

  • Trade Letter of Credit shall have the meaning provided in Section 2.01(a).

  • Replacement Letter of Credit means any letter of credit issued pursuant to a Replacement Revolving Facility.

  • Request for Letter of Credit means a written request for a Letter of Credit substantially in the form of Exhibit D, together with the standard form of application for letter of credit used by the applicable Issuing Bank, signed by a Senior Officer of the applicable Borrower and properly completed to provide all information required to be provided therein.

  • Auto-Extension Letter of Credit has the meaning specified in Section 2.03(b)(iii).

  • Standby Letter of Credit means any Letter of Credit other than a Commercial Letter of Credit.

  • Credit Provider means a Person providing a guaranty, or other credit support, in form and substance reasonably acceptable to the Administrative Agent, of the obligations of an Included Investor to make Investor Capital Contributions.

  • Substitute Letter of Credit has the meaning set forth in Section 10.5(c).

  • Documentary Letter of Credit means any Letter of Credit that is drawable upon presentation of documents evidencing the sale or shipment of goods purchased by any Group Member in the ordinary course of its business.

  • Insurance premium finance company means a person engaged in the business of

  • Servicer Letter of Credit means a letter of credit, surety bond or insurance policy issued by a depository institution, insurance company or financial institution having a short-term credit rating at least equal to the Required Deposit Rating and providing that the Indenture Trustee may draw thereupon in the event the Servicer fails to deposit SUBI Collections into the 20[__]-[__] SUBI Collection Account on a monthly basis.

  • Underlying Letter of Credit means a letter of credit that has been issued by an Underlying Issuer.

  • Existing Letter of Credit means a “Letter of Credit” issued pursuant to the terms of, and as defined in, the Existing Credit Agreement and outstanding on the Closing Date and described on Schedule 1.01(B).

  • Eligible Letter of Credit means, as of any date of determination thereof, a Letter of Credit which supports the purchase of Inventory, (i) which Inventory does not constitute Eligible In-Transit Inventory and for which no documents of title have then been issued, (ii) which Inventory, when completed, otherwise would constitute Eligible Inventory, (iii) which Letter of Credit has an expiry within thirty (30) days of the date of initial issuance of such Letter of Credit, and (iv) which Letter of Credit provides that it may be drawn only after the Inventory is completed and after documents of title have been issued for such Inventory reflecting the Borrower, a Subsidiary Guarantor or the Administrative Agent as consignee of such Inventory.

  • Extended Letter of Credit has the meaning given that term in Section 2.3.(b).

  • UK Guarantor means any Guarantor that is a UK Subsidiary.