CGS Clause Samples
The CGS (Contractor's General Security) clause establishes a security interest or guarantee provided by the contractor to the client, ensuring the contractor's performance and fulfillment of contractual obligations. Typically, this may involve the contractor providing a bank guarantee, performance bond, or other financial security instrument, which the client can claim against if the contractor defaults or fails to meet agreed standards. The core practical function of the CGS clause is to protect the client from financial loss due to non-performance or breach by the contractor, thereby allocating risk and incentivizing proper contract execution.
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CGS. Production Computer Gaming System, also known as the online gaming system. This system includes all computer systems required to allow the processing, storage, and reporting of gaming transactions with all intended redundancy, which can include multiple sites. Retailer sales terminals and their communication links are not part of the CGS.
CGS. UT System and Institutions are agencies of the State of Texas, such that there are or could be constitutional and statutory limitations on the ability of UT System or an Institution to enter into certain terms and conditions of this Agreement, including, but not limited to, those relating to warranties, limitations on damages, limitations of periods to bring legal action, waivers of remedies, dispute resolution, indemnities, and confidentiality. Neither the execution of this Agreement by UT System or an Institution, nor any conduct, action, or inaction of any representative of UT System or an Institution constitutes or is intended to constitute a waiver of the sovereign immunity of UT System, an Institution, or the State of Texas. Moreover, notwithstanding the generality or specificity of any provision hereof, the provisions of this Agreement as they pertain to UT System and/or an Institution are enforceable only to the extent authorized by the Constitution and laws of the State of Texas; accordingly, to the extent any provision of this Agreement conflicts with the Constitution or laws of the State of Texas or exceeds the right, power or authority of UT System or an Institution to agree to such provision, then that provision will not be enforceable against UT System, Institutions, or the State of Texas.
CGS. --- The term "CGS" shall mean and include Computer Generated Solutions, Inc. provider of Telephone Technical Help Desk support and maintenance.
CGS. The University of Texas M.