Completion Guarantees definition
Examples of Completion Guarantees in a sentence
On September 30, 2020, Petro Rabigh achieved project completion under its senior finance agreements and, as a result, the founding shareholders were released from their obligations under the Completion Guarantees.
Each of the Parties agrees to make its commercially reasonable best efforts to obtain all necessary approvals for, and to obtain or enter into, as applicable, Project Debt Financing and Completion Guarantees as soon as practicable following the date hereof.
Material changes or amendments to the Financing Plan, Project Debt Financing, and Completion Guarantees, and all related documentation.
Pursuant to their respective Completion Guarantees, the Completion Guarantors have each agreed, on a several and not joint basis, to guarantee the completion of the Development up to certain respective maximum amounts, subject to the terms and limitations therein.
The Purchaser must be satisfied, in its sole discretion, with the then-existing documentation relating to the senior project financing, including without limitation the form and substance of the Completion Guarantees to be provided by the members of the Korean Consortium (on a several basis) and the Parent to the lenders of such financing.