Performance Security Deposit Sample Clauses

Performance Security Deposit. (i) the Company shall deliver to BPDB the Performance Security Deposit before signing of PPA.
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Performance Security Deposit. The successful Bidder will asked to deposit 10% of Supply Order Value on each occasion in favor of “Director, AIIMS Bhopal” in the form of FDR/BG from nationalized/Commercial Bank. If the Bidder interested for deposit of Performance Security in the form of Bank Guarantee, the format for the same is given at Annexure-X. It will be refundable after receipt of acceptance of quality certificate and/or Consumption Certificate of the supplies from User Department Head to the Vendor without paying any interest on deposited amount by AIIMS Bhopal. The Performance Security Deposit Instrument shall be valid for minimum period of 6 (Six) months or more. The performance Security shall be forfeit in case of contraventions of any of the terms and conditions of the tender contract.
Performance Security Deposit. After receiving the individual work order(s), the bidder shall be responsible to deposit the requisite Performance Security Deposit (PSD) within the prescribed time period as specified in each work order(s):
Performance Security Deposit. The Xxxxxxx Money Deposit of the successful bidder will be converted into Performance Security Deposit which shall be kept valid for a period of 60 days beyond completion of all the contractual obligations. Further, the successful tenderer will be required to sign agreement on Notary bond of Rs. 100/- stamp paper within 15 days of issue of Notification of Award. The security deposit can be forfeited by order of this Institute in the event of any breach or negligence or non–observance of any condition of contract or for unsatisfactory performance or non–observance of any condition of the contract. Performance Security will be discharged after completion of contractor’s performance obligations (including Warranty / Guarantee period) under the contract.
Performance Security Deposit. The successful contractor shall be required to lodge with the Accepting Officer ‘PERFORMANCE SECURITY DEPOSIT’, for an amount equivalent to 5% of the contract sum in any one of the following forms, within 28 days of receipt of the Letter of Acceptance, provided there are no outstanding recoveries against the contractor and Contractor does not intend to abandon the work (See Condition 19 of IAFW-2249 & Notice of Tender (NIT), it shall be demmed to be amended accordingly). Lowest bidder shall be required to sign a certificate that no outstanding recovery is there against the firm and they will not abandon the work.
Performance Security Deposit a) Prior to execution of agreement, Performance security shall be solicited from all successful bidders except the departments of the State Government and undertakings, corporations, autonomous bodies, registered societies, co-operative societies which are owned or controlled or managed by the State Government and undertakings of the Central Government. However, a performance security declaration shall be taken from them. The State Government may relax the provision of performance security in particular procurement or any class of procurement.
Performance Security Deposit. The successful tenderer will have to deposit a Performance Security of 10% of total annual cost of the work by way of Bank draft / Bank Guarantee of scheduled bank in favor of Director BMHRC as per the prescribed format attached as Annexure -G payble at Bhopal valid for 60 days after the termination of contract.
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Performance Security Deposit. The DSA agrees to submit a performance Security Deposit of Rs.500 (Rupees five hundred only) as a security towards due observance and performance of terms and conditions of this agreement. BSNL is satisfied that terms and conditions of said agreement have fully and properly carried out by the DSA without prejudice to its rigors of any other remedy, on failure of the DSA to provide services under this Agreement or in case of any breach in terms and conditions of the Agreement, BSNL shall forfeit the said Performance Security Deposit.
Performance Security Deposit. The successful bidder shall have to deposit a Performance Security Deposit of the 3% of the total amount of estimated tender value immediately on receipt of the LOI/Order. The performance security deposit will be furnished in the form of Demand draft/ Bank Guarantee/Banker’s Cheque/Fixed Deposit of any scheduled bank drawn in favour of “INFLIBNET Centre” Payable at Gandhinagar. The performance security deposit should be valid for sixty days beyond the date of completion of all contractual obligations.
Performance Security Deposit. The successful tenderer shall have to submit performance security deposit, as security deposit for the due compliance& fulfilment of terms &conditions of the contract. This has to be in the form of a bank draft payable in favour of ESI Saving Fund Account No.1 , payable at Hyderabad, drawn on any of the nationalized bank, preferably SBI. The amount will be 10% of the expected annual contract value as per the items quoted by the tenderer . The exact amount will be decided by the tender evaluation committee after finalizing the tender duly approved by the Medical Superintendent and will be intimated to the successful tenderer before signing of the contract. The decision of the committee for fixing the amount of performance security shall be binding on the parties of this contract. On due performance and successful completion of the contract the security money deposit shall be returned without any interest. On unsatisfactory performance or violation of terms and conditions of the contract will make the contractor liable for forfeiture of security deposit. The decision of Medical Superintendent will be final on this account.
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