site stats

Counter-indemnity obligation

WebApr 21, 2024 · An indemnity clause or agreement is an essential component within any project contract in the construction industry. As an independent contractor , you’re operating in a high-risk environment ... WebBreach of Contract—protects a lender against a default by a borrower of a guaranteed loan as a result of a frustration of an arbitral process ... ADB’s PCG supported a $525 million loan facility to Southern Gas Corridor CJSC backed by a counter-guarantee and indemnity agreement between the Republic of Azerbaijan (ROA) and ADB. The loan ...

Guarantees Asian Development Bank

WebCounter-indemnity. A counter-indemnity is an obligation to make a reimbursement in relation to a primary indemnity, guarantee, bond or any similar arrangment. For example, we may be a corporate supplier in a commercial contract. As part of the contractual … Welcome to the Treasurer's Wiki. The Treasurer’s Wiki aims to share … In English law, a stronger form of security than a guarantee is a bond, a bond … WebDocument Description. In relation to a loan, a counter indemnity is given by the indemnifier (usually the Borrower's parent) to the Guarantor for the Borrower's obligations. This is drafted in favour of the indemnifier. This is drafted for the guarantor (Party 1) and the indemnifier (party 2) but is in favour of the indemnifier as they have ... collaborative health insurance solutions https://jpsolutionstx.com

counter-indemnity obligation English to Polish Law: …

WebMay 1, 2013 · The most important tip for drafting an effective indemnity is to ensure that the clause is worded to suit the particular circumstances of the contracting parties. If there is a dispute about the operation of a … WebFeb 16, 2007 · 12:32 Feb 16, 2007. English to Polish translations [PRO] Bus/Financial - Law: Contract (s) English term or phrase: counter-indemnity obligation. "...any … WebRelated to COUNTER INDEMNITY FROM THE BORROWERS. Administrative Agent’s Reliance, Indemnification, Etc (a) ... The obligations of the Lenders under this Section 10.8 shall survive payment of the Obligations and termination of this Agreement. Exculpation and Indemnification of Escrow Agent a. The Escrow Agent shall have no duties or ... collaborative health systems tampa

The Basic Concepts of a Guarantee - Trade Finance Global

Category:counter-indemnity obligation English to Polish Law: Contract(s)

Tags:Counter-indemnity obligation

Counter-indemnity obligation

corporate insolvency resolution process nclt clarifies scope of ...

WebMar 21, 2024 · Any breach by either party may warrant legal redress. Both parties in an indemnity contract must read and understand the terms and conditions before entering … WebCOUNTER INDEMNITIES means the Counter Indemnities from time to time held by the Bank in relation to the Obligations and, unless the context otherwise requires, includes …

Counter-indemnity obligation

Did you know?

WebFeb 16, 2007 · 12:32 Feb 16, 2007. English to Polish translations [PRO] Bus/Financial - Law: Contract (s) English term or phrase: counter-indemnity obligation. "...any counter-indemnity obligation in respect of a guarantee, indemnity, bond, standby or documentary letter of credit or any other instrument issued by a bank or financial institution'. pieprz. WebIndemnification, also referred to as indemnity, is an undertaking by one party (the indemnifying party) to compensate the other party (the indemnified party) for certain costs and expenses, typically stemming …

WebApr 30, 2012 · A guarantor’s indemnity. ... and its "debt" to be contributed to the fund is its (contingent) counter-indemnity obligation to the guarantor. ... WebGuarantees and indemnities: a quick guide. by Practical Law Finance. A quick guide to guarantees and indemnities, including their respective advantages, legal and drafting issues to bear in mind, and links to further materials.

WebGuarantees and indemnities: a quick guide. by Practical Law Finance. A quick guide to guarantees and indemnities, including their respective advantages, legal and … WebCOUNTER INDEMNITY. 11.1 The Purchaser hereby covenants with the Vendor to pay to the Vendor, an amount equal to any of the following: Sample 1 Sample 2. COUNTER INDEMNITY. 5.6.1 Each Borrower irrevocably: Sample 1 Sample 2. COUNTER INDEMNITY. 11.1 The Buyer hereby covenants with the Seller to pay to the Seller, by …

WebCounter indemnity agreements allow a guarantor to seek reimbursement in the event they have to pay a claim for any part of the guarantee amount they must pay in the event of a …

WebFeb 12, 2024 · Any counter-indemnity obligation in respect of a guarantee, indemnity, bond, documentary letter of credit or any other instrument issued by a bank or financial institution; ... Financial creditors are those whose relationship with the entity is a pure financial contract, such as a loan or debt security. Operational creditors are those whose ... collaborative housing solutions decatur gaWebApr 12, 2024 · Indemnity is compensation for damages or loss, and in the legal sense, it may also refer to an exemption from liability for damages. The concept of indemnity is … collaborative health partners ctWebMar 1, 2024 · An indemnity is a primary obligation; it does not depend on having to prove a breach of a contractual obligation. This offers a number of advantages over bringing a damages claim for a breach of contract: An indemnity will typically be triggered by losses being incurred, without the need to prove any "fault". This can also avoid rules around ... collaborative immersive analyticsWebRelated to Treasury Counter Indemnity. Treasury Management Obligations means, collectively, all obligations and other liabilities of any Loan Parties pursuant to any agreements governing the provision to such Loan Parties of treasury or cash management services, including deposit accounts, funds transfer, automated clearing house, zero … collaborative hubWebJun 18, 2009 · Italian translation: controgaranzia. Entered by: Lucia Lia Pittau. 16:20 Jun 18, 2009. English to Italian translations [PRO] Law (general) English term or phrase: counter- indemnity. Defendant providing counter-indemnity to bank in respect of a performance bond issued by bank. collaborative hrWebApr 20, 2024 · It is important to note that ‘financial debt’ is expressly defined in the IBC to include “any counter-indemnity obligation in respect of a guarantee, indemnity, documentary letter of credit or any other instrument issued by a bank or financial institution. collaborative health systems logoWebOct 1, 1994 · Guarantees and counter-indemnities. Where a counter indemnity is given to a bank in return for the bank issuing an advance payment guarantee, the indemnity may … dropdown excel mit bedingung