Common use of Extension of Performance Security Clause in Contracts

Extension of Performance Security. The Contractor may initially provide the Performance Security for a period of 2 (two) years; provided that it shall procure the extension of the validity of the Performance Security, as necessary, at least 2 (two) months prior to the date of expiry thereof. Upon the Contractor providing an extended Performance Security, the previous Performance Security shall be deemed to be released and the Authority shall return the same to the Contractor within a period of 7 (seven) business days from the date of submission of the extended Performance Security.

Extension of Performance Security. The Contractor may initially provide the Performance Security for a period of [2 (two) years]; provided that it shall procure the extension of the validity of the Performance Security, as necessary, at least 2 (two) months prior to the date of expiry thereof. Upon the Contractor providing an extended Performance Security, the previous Performance Security shall be deemed to be released and the Authority shall return the same to the Contractor within a period of 7 (seven) business days from the date of submission of the extended Performance Security.

Extension of Performance Security. The Contractor may initially provide the Performance Security for a period of periodof [2 (two) years]; provided that it shall procure the extension of the validity of the Performance Security, as necessary, at least 2 (two) months prior to the date of expiry thereof. Upon the Contractor providing an extended Performance Security, the previous Performance Security shall be deemed to be released and the Authority shall return the same to the Contractor within a period of 7 (seven) business days from the date of submission of the extended Performance Security.

Extension of Performance Security. The Contractor may initially provide the Performance Security for a period of 2 (two) years; provided that it shall procure the extension of the validity of the Performance Security, as necessary, at least 2 (two) months prior to the date of expiry thereof. Upon the Contractor providing an extended Performance Security, the previous Performance Security shall be deemed to be released and the Authority Employer shall return the same to the Contractor within a period of 7 (seven) business days from the date of submission of the extended Performance Security.

Extension of Performance Security. The Contractor may initially provide the Performance Security for a period of 2 (two) years; provided that it shall procure the extension of the validity of the Performance Security, as necessary, at least 2 (two) months prior to the date of expiry thereof. Upon the Contractor providing an extended Performance Security, the previous Performance Security shall be deemed to be released and the Authority Employer shall return the same to the Contractor within a period of 7 (seven) business days from the date of submission of the extended Performance Security.

Extension of Performance Security. ‌ The Contractor may initially provide the Performance Security for a period of 2 (two) years; provided that it shall procure the extension of the validity of the Performance Security, as necessary, at least 2 (two) months prior to the date of expiry thereof. Upon the Contractor providing an extended Performance Security, the previous Performance Security shall be deemed to be released and the Authority shall return the same to the Contractor within a period of 7 (seven) business days from the date of submission of the extended Performance Security.Security.‌

Extension of Performance Security. The Contractor may initially provide the Performance Security for a period of 2 1 (twoOne) yearsyear; provided that it shall procure the extension of the validity of the Performance Security, as necessary, at least 2 1 (twoone) months month prior to the date of expiry thereof. Upon the Contractor providing an extended Performance Security, the previous Performance Security shall be deemed to be released and the Authority shall return the same to the Contractor within a period of 7 (seven) business days from the date of submission of the extended Performance Security.

Extension of Performance Security. The Contractor may initially provide the Performance Security for a period of 2 1 (twoOne) yearsyear; provided that it shall procure the extension of the validity of the Performance Security, as necessary, at least 2 1 (twoone) months month prior to the date of expiry thereof. Upon the Contractor providing an extended Performance Security, the previous Performance Security The performance security shall be deemed to be released and valid until the Authority shall return the same to the Contractor within a completion of Defect Liability Period or extended period of 7 (seven) business days from the date of submission of the extended Performance Securityif any.

Extension of Performance Security. The Contractor may initially provide the Performance Security for a period of 2 3 (twothree) years; provided that it shall procure the extension of the validity of the Performance Security, as necessary, at least 2 (two) months prior to the date of expiry thereof. Upon the Contractor providing an extended Performance Security, the previous Performance Security shall be deemed to be released and the Authority shall return the same to the Contractor within a period of 7 (seven) business days from the date of submission of the extended Performance Security.

Extension of Performance Security. The Contractor may initially provide the Performance Security for a period of 2 (two) years; provided that it shall procure the extension of the validity of the Performance Security, as necessary, at least 2 (two) months prior to the date of expiry thereof. Upon the Contractor providing an extended Performance Security, the previous Performance Security shall be deemed to be released and the Authority Authority/GMDA shall return the same to the Contractor within a period of 7 (seven) business days from the date of submission of the extended Performance Security.

Extension of Performance Security. The Contractor may initially provide the Performance Security for a period 12 It is different from Retention Money. of [2 (two) years]; provided that it shall procure the extension of the validity of the Performance Security, as necessary, at least 2 (two) months prior to the date of expiry thereof. Upon the Contractor providing an extended Performance Security, the previous Performance Security shall be deemed to be released and the Authority shall return the same to the Contractor within a period of 7 (seven) business days from the date of submission of the extended Performance Security.

Extension of Performance Security. The Contractor may initially provide the Performance Security for a period of 2 4 (twofour) yearsyears including defect liability period; provided that it shall procure the extension of the validity of the Performance Security, as necessary, at least 2 (two) months prior to the date of expiry thereof. Upon the Contractor providing an extended Performance Security, the previous Performance Security shall be deemed to be released and the Authority shall return the same to the Contractor within a period of 7 (seven) business days from the date of submission of the extended Performance Security.

Extension of Performance Security. ‌ The Contractor may initially provide the Performance Security for a period of 2 (two) years; provided that it shall procure the extension of the validity of the Performance Security, as necessary, at least 2 (two) months prior to the date of expiry thereof. Upon the Contractor providing an extended Performance Security, the previous Performance Security shall be deemed to be released and the Authority Employer shall return the same to the Contractor within a period of 7 (seven) business days from the date of submission of the extended Performance Security.