Performance Guarantee for DFC Modules and DFC Components Sample Clauses
The Performance Guarantee for DFC Modules and DFC Components clause establishes the supplier's obligation to ensure that these specific modules and components meet defined performance standards. Typically, this involves setting measurable criteria such as efficiency, output, or reliability that the DFC Modules and Components must achieve over a specified period. For example, the clause may require that the modules maintain a certain power output or operational uptime. Its core practical function is to protect the buyer by holding the supplier accountable for the quality and durability of the supplied products, thereby reducing the risk of underperformance or failure.
Performance Guarantee for DFC Modules and DFC Components. 9.2.1 The guaranteed power output and efficiency for the POSCO Plant final acceptance test at the customer site (“FA Test”) shall be set forth in the POSCO Plant Specifications. If after repeated FA Tests over a period of six (6) months from the first FA Test, the POSCO Plant fails to achieve the guaranteed power output and/or efficiency set forth in the POSCO Plant Specifications, for causes solely attributable to the DFC Module or the DFC Components provided by Seller, but achieves at least 95% of the guaranteed power output and/or efficiency, the Contract Price for the DFC Module or DFC Components shall be reduced to reflect the shortfall in either the power output or the efficiency proportionally, whichever shortfall amount is higher.