ࡱ> o 27bjbj>> k^T\T\0.P)P)P)P)P)$t)t)t)P)D*\t)xd* +^h+h+h+C,W0<1DxFxFxFxFxFxFx${z1}jxP)32C,C,3232jxP)P)h+h+x66632~P)h+P)h+>x632Dx66Xpwh+F6E3Pu*xx0xu~;50~lw~P)w323263232323232jxjxk6323232x32323232~323232323232323232> (:  Dated ------------ Parent company guarantee from Contractor's parent company relating to [ ] between Guarantor and Employer THIS DEED is dated Parties [Guarantor] incorporated and registered in England and Wales with company number [Number] whose registered office is at [address] (Guarantor) [Employer] incorporated and registered in England and Wales with company number [Number] whose registered office is at [address] (Employer) Background By an agreement in writing dated (Building Contract) and made between the Employer and [Contractor] incorporated and registered in England and Wales with company number [Number] whose registered office is [Address] (Contractor), the Contractor agreed to complete elements of the design of and construction of the [Project] at [Site] (Works). The Guarantor (the ultimate parent company of the Contractor) has agreed to guarantee the Contractor's due performance of its duties or obligations under the Building Contract. Agreed terms Interpretation The following definitions and rules of interpretation apply in this deed. Definitions: Business Day: a day other than a Saturday, Sunday or public holiday in England when banks in London are open for business. Insolvency Event: a party suffers an insolvency event if: it suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due or admits inability to pay its debts or is deemed unable to pay its debts within the meaning of section 123 of the Insolvency Act 1986; it commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors; a petition is filed, a notice is given, a resolution is passed, or an order is made, for or in connection with its winding up; an application is made to court, or an order is made, for the appointment of an administrator, or if a notice of intention to appoint an administrator is given or if an administrator is appointed, over it; the holder of a qualifying floating charge over its assets has become entitled to appoint or has appointed an administrative receiver; a person becomes entitled to appoint a receiver over its assets or a receiver is appointed over its assets; a creditor or encumbrancer of it attaches or takes possession of, or a distress, execution, sequestration or other such process is levied or enforced on or sued against, the whole or any part of its assets and such attachment or process is not discharged within 14 days; any event occurs, or proceeding is taken, with respect to it in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in (a) to (g) (inclusive); or it suspends or ceases, or threatens to suspend or cease, carrying on all or a substantial part of its business. Clause headings shall not affect the interpretation of this deed. A person includes a natural person, corporate or unincorporated body (whether or not having separate legal personality). A reference to a company shall include any company, corporation or other body corporate, wherever and however incorporated or established. Unless the context otherwise requires, words in the singular shall include the plural and in the plural include the singular. Unless the context otherwise requires, a reference to one gender shall include a reference to the other genders. This deed shall be binding on, and enure to the benefit of, the parties to this agreement and their respective personal representatives, successors and permitted assigns, and references to any party shall include that party's personal representatives, successors and permitted assigns. A reference to a statute or statutory provision is a reference to it as amended, extended or re-enacted from time to time. A reference to a statute or statutory provision shall include all subordinate legislation made from time to time under that statute or statutory provision. A reference to writing or written includes fax and email. Any obligation on a party not to do something includes an obligation not to agree that thing to be done. A reference to this deed or to any other deed, agreement or document referred to in this deed is a reference to this deed or such other deed, agreement or document as varied or novated (in each case, other than in breach of the provisions of this deed) from time to time. References to clauses are to the clauses of this deed. Any words following the terms including, include, in particular, for example or any similar expression shall be construed as illustrative and shall not limit the sense of the words, description, definition, phrase or term preceding those terms. Guarantee and indemnity The Guarantor guarantees the due and punctual performance by the Contractor of the Contractor's duties and obligations to the Employer under the Building Contract. If the Contractor fails to observe or perform any of its duties or obligations to the Employer under the Building Contract, or if the Contractor fails to pay any sum, loss, debt, damage, interest, cost or expense due from the Contractor to the Employer under or in connection with the Building Contract, the Guarantor (as a separate and independent obligation and liability from its obligations and liabilities under clause REF "a797040" \h \w  \* MERGEFORMAT 2.1) shall indemnify the Employer against all loss, debt, damage, interest, cost and expense incurred by the Employer by reason of such failure or non-payment and shall, on first written demand, pay to the Employer, without any deduction or set-off, the amount of that loss, debt, damage, interest, cost and expense. If the Contractor suffers an Insolvency Event or if the Employer terminates the Contractor's employment under the Building Contract under clause 8.4, 8.5 or 8.6 of the Building Contract, the Guarantor shall indemnify the Employer against all loss, debt, damage, interest, cost and expense incurred by the Employer by reason of such Insolvency Event or termination and shall, on first written demand, pay to the Employer without any deduction or set-off the amount of that loss, debt, damage, interest, cost and expense. Amendments to the Building Contract The Building Contract may be modified, amended or supplemented in any way without the Guarantor's consent. The Guarantor's liability under this deed (which includes the Contractor's duties, obligations and liabilities under the Building Contract as modified, amended or supplemented) shall not be affected by: any such modification, amendment or supplement; or any invalidity, avoidance or termination of the Building Contract; or any waiver, concession, allowance of time, compromise or forbearance given to, or made with, the Contractor. The terms of this deed shall apply to the terms of any such compromise as they apply to the Building Contract. Employer does not have to pursue Contractor The Employer does not have to pursue any remedy against the Contractor before proceeding against the Guarantor under this deed. Insolvency of Contractor Without affecting clause REF "a404049" \h \w  \* MERGEFORMAT 2.3, if the Contractor suffers an Insolvency Event that shall not affect or reduce the Guarantor's liability under this deed. Priority of claims against the Contractor As long as any liability incurred by the Contractor to the Employer guaranteed under this deed remains unsatisfied, the Guarantor shall not, in respect of any payment made or liability arising under this deed, effect (or try to effect) any recovery from the Contractor, whether by receipt of money, set-off, proof of debt, enforcement of security or otherwise. Limit of liability The Employer may not recover any more under this deed in respect of any matter than the Employer would be entitled to recover from the Contractor in respect of that matter, net of any set off. The Employer may not start proceedings against the Guarantor under this deed in respect of any claim if any proceedings against the Contractor in respect of that claim would be statute-barred. Assignment The Employer may assign or charge the benefit of this deed to any person to whom the Employer lawfully assigns or charges the benefit of the Building Contract. The Guarantor and the Contractor may not assign or charge the benefit of this deed without the Employer's written consent. The Employer shall notify the Guarantor of any assignment. If the Employer fails to do this, the assignment shall still be valid. The Guarantor shall not contend that any person to whom the benefit of this deed is assigned under clause REF "a71034" \h \w  \* MERGEFORMAT 8.1 may not recover any sum under this deed because that person is an assignee and not a named party to this deed. Notices A notice given to a party under or in connection with this deed: shall be in writing and in English; shall be signed by or on behalf of the party giving it; shall be sent to the party for the attention of the contact and at the address or email address listed in clause REF "a929108" \h \w  \* MERGEFORMAT 9.2; may be sent by a method listed in clause REF "a688194" \h \w  \* MERGEFORMAT 9.4; and unless proved otherwise is deemed received as set out in clause REF "a688194" \h \w  \* MERGEFORMAT 9.4 if prepared and sent in accordance with this clause. The parties' addresses and contacts are as set out in this table: PartyContactAddressEmail addressGuarantorEmployerA party may change its details given in the table in clause REF "a929108" \h \w  \* MERGEFORMAT 9.2 by giving notice, the change taking effect for the party notified of the change at 9.00 am on the later of: the date, if any, specified in the notice as the effective date for the change; or the date five Business Days after deemed receipt of the notice. This table sets out: delivery methods for sending a notice to a party under this deed; and for each delivery method, the corresponding delivery date and time when delivery of the notice is deemed to have taken place provided that all other requirements in this clause have been satisfied and subject to the provisions in clause REF "a344019" \h \w  \* MERGEFORMAT 9.5: Delivery methodDelivery date and timeDelivery by hand.On signature of a delivery receipt or at the time the notice is left at the address.Pre-paid first class post or other next working day delivery service providing proof of delivery. 9.00 am on the second Business Day after posting or at the time recorded by the delivery service.Email.At the time of transmission.For the purpose of clause REF "a688194" \h \w  \* MERGEFORMAT 9.4 and calculating deemed receipt all references to time are to local time in the place of deemed receipt. This clause does not apply to the service of any proceedings or other documents in any legal action or, where applicable, any arbitration or other method of dispute resolution. Third party rights No one other than a party to this deed, their successors and permitted assignees, shall have any right to enforce any of its terms. Governing law This deed and any dispute or claim (including non-contractual disputes or claims) arising out of or in connection with it or its subject matter or formation shall be governed by and construed in accordance with the law of England and Wales. Jurisdiction Each party irrevocably agrees that the courts of England and Wales shall have exclusive jurisdiction to settle any dispute or claim (including non-contractual disputes or claims) arising out of or in connection with this deed or its subject matter or formation. This document has been executed as a deed and is delivered and takes effect on the date stated at the beginning of it. 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