Examples of using Underlying contract in English and their translations into Russian
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Official
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Colloquial
The underlying contract, which requires the issuance of a direct guarantee.
All changes and additions to the underlying contract are to be in writing.
The underlying contract, which requires issuance of a guarantee from the bank of the beneficiary.
By their nature, performance bonds have an accessory character to the underlying contract.
In the underlying contract, however, the parties did not expressly exclude the application of the CISG.
In all these instances, the contractor completed performance of the underlying contract prior to 2 May 1990.
However, as this related to profits lost on underlying contracts, the claim was reclassified and reviewed as a loss of profits claim.
By their nature, performance bonds have an accessory character to the underlying contract.
Also, requisitions should not be used to simply reserve funds without underlying contracts as prescribed in the closing instructions from United Nations Headquarters.
The claim in each case was for increased costs paid post-liberation on the underlying contract.
It is an unusual feature of this claim and the underlying contract that SerVaas seeks compensation for retention payments of 40 per cent of the contract value.
Contract For Difference, a derivative financial instrument based on the price movements of an underlying contract.
The tribunal reasoned that the underlying contract provided for the application of the law of Ukraine and that no provisions specifically limited this application to Ukraine's law governing domestic contracts. .
Under current practice, the assignments would be governed by the law of the underlying contract, in other words by French law.
It was suggested that draft articles 59 and 60 should be revised in such a way that the transfer of liabilities under the contract of carriage would coincide with the transfer of the rights under the underlying contract.
These documents are a proof that the seller has performed the duties under an underlying contract and the goods have been provided as agreed.
The plaintiff argued that articles 34(2)(a)(i) and 36(1)(a)(i)of the Model Law referred only to an incapacity to enter into the arbitration agreement and the underlying contract.
If the change in the underlying contract affects the possibility of obtaining the documents required to support the payment claim under the independent guarantee, it should be ensured.
Third party rights and obligations under arbitration agreements following the assignment or novation of the underlying contract to the third party;
The claim relates to interest on underlying contract losses which the Panel has found are not compensable(see paragraph 279, supra). Bojoplast failed to establish that the alleged loss is the direct result of Iraq's invasion and occupation of Kuwait.
The term also includes income from arrangements such as Islamic financial instruments where the substance of the underlying contract can be assimilated to a loan.
The underlying contract does not describe with any particularity the performance required of the Claimant in this regard; specifically, it is unclear whether the Claimant completed performance merely by retaining the carrier or by ensuring that the deliveries actually took place.
As consistently noted by the Secretary-General,such disputes should instead be handled in accordance with the dispute resolution mechanism provided for in the underlying contract.
Referring to articles 8 and 16(1)of the Model Law, the court confirmed the separability thesis according to which the claimed nullity of the underlying contract does not affect the independent validity of the arbitration clause included in the contract. .
In the case of claims for compensation for work allegedly performed on or after 2 May 1990,the burden is on the claimant to establish the date on which the work had been performed in accordance with the underlying contract.
Where the owner's approval or certification should have occurred more than three months priorto 2 August 1990, according to the terms of the underlying contract, but did not, claims for compensation for such amounts are not within the jurisdiction of this Commission.
The total management fee shown in the financial statements was stated to be in conformity with the amount of the total management fee agreed on by the two parties in the underlying contract agreement.
Thus, if even a successful conciliation simply results in a second contract that is as difficult to enforce as the underlying contract that gave rise to the dispute, engaging in conciliation to address a contractual dispute may be less attractive.
Part 14 of the contract incorporated the provisions of Grain and Feed Trade Association standard contract No. 200(Gafta No. 200), noting that they should be applied unless in contradiction of the provisions of the underlying contract.
The Panel found that, although the claimant did not provide the underlying contract between the parties, it did provide sufficient evidence to show that there was a contractual relationship and that the interruption of the respective contracts was a direct result of Iraq's invasion and occupation of Kuwait.