Bank Guarantee definition

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;

Bank Guarantee means Guarantee issued by a scheduled commercial bank in favour of NMRC

Bank Guarantee means the financial security on first demand which the Network User shall provide in accordance with Article 14 of this attachment of the Standard Transmission Agreement.

Examples of Bank Guarantee in a sentence

• The INR/USD exchange rate to be used for purpose of calculating the Bank Guarantee amount in INR for Seller shall be the rate published by Financial Benchmarks India Private Limited on the first day of the month in which the Bank Guarantee is issued.

• The Purchaser shall be entitled to refund of such payment on providing due replacement through a valid bank guarantee The Seller shall have the right to suspend supplies of Coal, without any notice, in the event that there is no valid and subsisting Financial Coverage BG for the amount hereinbefore stated as per clause 11.2.1, and the Purchaser has not deposited any payment in lieu of such Bank Guarantee.

• Bank Guarantee in favour of Vedanta, ONGC and IPL shall be in INR.

• The Contractor shall be responsible for submit Bank Guarantee and Performance guarantee to State Bank of India, Amaravati Local Head Office, Hyderabad as per the Tender Document.

• If the Purchasers fail to fulfil their payment obligations pursuant to, and in accordance with, the provisions of clause 5.4, the Seller shall be immediately entitled to exercise the Xxxxxxx Money Bank Guarantee.

More Definitions of Bank Guarantee

Bank Guarantee means an unconditional and irrevocable standby letter of credit or letter of guarantee issued by a bank;

Bank Guarantee means the guarantee executed in favor of the Access Provider on behalf of the Access Seeker by a bank approved by the Access Provider in a format acceptable to the Access Provider.

Bank Guarantee means a direct guarantee issued for the account of the Borrower, and, if requested, a Subsidiary of the Borrower, pursuant to this Agreement by a Facing Agent, in form acceptable to the Facing Agent, ensuring that a liability acceptable to the Facing Agent of the Borrower or a Subsidiary of a Borrower to a third Person will be met.

Bank Guarantee means a bank guarantee, substantially in the form set out in Schedule 12 (Form of Bank Guarantee) or in any other form requested by a Borrower and agreed by the Agent and the Issuing Bank.

Bank Guarantee means the guarantees required to be furnished by the Bidder in accordance with the provisions of Clause 5.4(b) of this BID.

Bank Guarantee means a bank guarantee issued by a bank operating in Australia in form and substance satisfactory to the Developer. Bond means a Deposit Insurance Bond issued to the Developer at the request of the Buyer in form and substance satisfactory to the Developer. Building means the building to be constructed on the Site in accordance with the Plans. Building Works means the building works to be carried on the Site as contemplated by this contract. Buyer's Bank means any person, corporation or institution lending all or any part of the Contract Price to the Buyer. Completion has the meaning given in the Sale Contract.

Bank Guarantee has the meaning set out in clause 28.3;