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keep-well letters

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14:15 Aug 8, 2006
English to Spanish translations [PRO]
Bus/Financial - Finance (general)
English term or phrase: keep-well letters
The sentence in which the term appears is as follows: "Letters of Credit and Guarantees shall be interpreted broadly to include surety bonds, bid bonds, make-whole and keep-well letters and agreements and similar understandings (i.e., commitments to “ensure” performance, “make up any deficits”, “cause the Company to perform” and similar type language)".
Nora Mercadal
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