PBG Clause Samples
The PBG, or Performance Bank Guarantee, clause requires a contractor or supplier to provide a financial guarantee—typically in the form of a bank-issued instrument—to assure the client of the contractor’s performance under the contract. This guarantee is usually a fixed percentage of the contract value and is submitted before work commences or upon signing the agreement. If the contractor fails to meet contractual obligations, the client can claim the guarantee to recover losses or ensure completion. The core function of this clause is to mitigate the client’s risk by providing a financial safeguard against non-performance or default by the contractor.
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PBG forma adjustment to record PepsiCo’s estimated gain of $515 million as a result of remeasuring its previously held equity interest in PBG, Bottling Group, LLC and PR Beverages. If PepsiCo’s stock price as of the date the PBG merger is completed increases or decreases by 36% from the price assumed in the unaudited pro forma condensed combined financial information, the gain would increase or decrease by approximately $380 million. The gain will also be impacted by transactional activity, such as equity income and dividends, up until the date the PBG merger is completed.
PBG. Estimated Fair Value Weighted-Average Estimated Useful Life Amortization Expense (52 Weeks) Amortization Expense (36 weeks) Estimated Fair Value Weighted-Average Estimated Useful Life Amortization Expense (52 Weeks) Amortization Expense (36 weeks)
PBG. The bidder has to submit Performance Bank Guarantee in the form of NEFT / DD/ Pay Order/ Bank Guarantee (Enclosure-7) drawn in favor of MAZAGON DOCK SHIPBUILDERS LIMITED from the list of banks approved by SBI/ Canara bank as available on MDL website @ 3% of the completed work till the respective guarantee period plus one-month claim period as per format in Enclosure 7 in lieu of retention of payment from each invoices and shall be returned on satisfactory completion of guarantee period. In case of BG, ▇▇▇▇▇▇▇ to advise their bank/banker to send the BG directly to OTS department in sealed envelope to dispense with additional step of verification of authenticity of signatories.
PBG. The bidder has to submit Performance Bank Guarantee in the form of NEFT / DD/ Pay Order/ Bank Guarantee drawn in favor of MAZAGON DOCK SHIPBUILDERS LIMITED from the list of banks approved by SBI/ Canara bank as available on MDL website @ 3% of the completed work till the respective guarantee period plus one-month claim period as per format in Enclosure 7 in lieu of retention of payment from each invoices and shall be returned on satisfactory completion of guarantee period.