maintain and constrain the subsidiaries concerned, or encourage them to maintain and ensure that the available borrowing capacity is maintained and implemented under one or more borrowing agreements of sufficient amounts to carry out their respective operations in good form and to comply with their respective subsidiaries and to respect all the essential conditions of each loan agreement. Do you want to add words, phrases or translations? (i) in one or more borrowing agreements, the borrower and its subsidiaries have sufficient borrowing capacity available to carry out their respective operations in good standing and (ii) to comply, on all essential points, with all the conditions set out in each loan agreement and not to allow a default to occur in this agreement. section 6.25. How can I resume my translations in the vocabulary coach? No party to the credit can change the duration of a loan agreement so that the property subject to a Bonding Company Link is attached to a property that is not directly related to the loan in question. THE PONS online dictionary is free: it`s also available for iOS and Android! A project requiring a performance and payment loan usually requires a loan of offers allowing them to qualify for the bid for the project. The construction loan works for the obligatory, usually a public body, in order to protect a project from not being completed or not fulfilling the project specifications of the contractor who received the task. This link binds the contractor to the project and ensures that its performance meets the specifications. Warning: Words from the vocabulary list are only available from this Internet browser. From the moment this list is copied into your vocabulary coach, it will be available from everywhere. A contractual loan is a guarantee that the terms of the contract are met. If the counterparty does not meet its obligations in accordance with the agreed terms, the “owner” of the contract may claim the recovery of financial losses or a provision for declared default. . In order to protect against disruptions or unlikely events during a construction project, an investor can apply for a guarantee.
This construction obligation also protects all suppliers who do not complete their work or if the project does not meet the contract specifications. All contractual obligations guarantee the performance and payment of contractual obligations. A performance guarantee is granted to a contractor by a band or insurance company as a promise to complete the project in its entirety in accordance with the plans and specifications of the contract.