PerformanceSecurity Sample Clauses

PerformanceSecurity. (i) (A) Within 30 (thirty) days of receipt of Letter of Acceptance, the selected Bidder shall furnish to the Authority an irrevocable and unconditional guarantee from a Bank in the form set forth in Annex-I of Schedule-G (the “Performance Security”) for an amount equal to 5% (five percent) of its Bid Price. In case of bids mentioned below, the Selected Bidder, along with the Performance Security, shall also furnish to the Authority an irrevocable and unconditional guarantee from a Bank in the same form given at Annex-I of Schedule-G towards an Additional Performance Security (the “Additional Performance Security”) for an amount calculated asunder: (a) If the Bid Price offered by the Selected Bidder is lower than 10% but upto 20% of the estimated Project Cost, then the Additional Performance Security shall be calculated @20% of the difference in the (i) Estimated Project Cost (as mentioned in RFP)-10% of the Estimated Project Cost and (ii) the Bid Price offered by the selectedBidder. (b) If the Bid Price offered by the Selected Bidder is lower than 20% of the Estimated Project Cost, then the Additional Performance Security shall be calculated @ 30% of the difference in the (i) Estimated Project Cost (as mentioned in RFP)-10% of the Estimated Project Cost and (ii) the Bid Price offered by the SelectedBidder. (c) This Additional Performance Security shall be treated as part of the PerformanceSecurity.
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PerformanceSecurity. (i) (A) Within 45 (Forty Five) days of receipt of Letter of Acceptance, the selected Bidder shall furnish to the Authority an irrevocable and unconditional guarantee from a Bank in the form set forth in Annex-I of Schedule-G (the “Performance Security”) for an amount equal to 3% (three percent) of its Bid Price. In case of bids mentioned below, the Selected Bidder, along with the Performance Security, shall also furnish to the Authority an irrevocable and unconditional guarantee from a Bank in the same form given at Annex-I of Schedule-G towards an Additional Performance Security (the “Additional Performance Security”) for an amount calculated asunder: (a) If the Bid Price offered by the Selected Bidder is lower than 15% but upto 20% of the Estimated Project Cost, then the Additional Performance Security shall be 10% of the Bid Price offered by the selected Bidder. (b) If the Bid Price offered by the Selected Bidder is lower than 20% of the Estimated Project Cost, then the Additional Performance Security shall be 20% of the Bid Price offered by the Selected Bidder. (c) This Additional Performance Security shall be treated as part of the PerformanceSecurity.
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PerformanceSecurity. Extension of Performance Security and AdditionalPerformanceSecurity
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PerformanceSecurity. The successful tenderer will be required to furnish a Performance Security Deposit equivalent to 5% of the value of the contract to be deposited afterreceivingofawardofcontractintheformofFixedDepositReceiptorBankGuarantee fromanyNationalizedBankdulypledgedinthenameofthe"The Director, AIIMS Nagpur" which shall be kept valid for a period of 60 days beyond completion of all the contractual obligations. In the event of non-deposition of the same the ▇▇▇▇▇▇▇ money will beforfeited. ThesecuritydepositcanbeforfeitedbyorderofthisInstituteintheeventofanybreachornegligence ornon–observanceofanyconditionofcontractorforunsatisfactoryperformanceornon–observance of any condition of the contract. Performance Security will be discharged after completion of contractor’s performance obligations under thecontract. No interest on security deposit and ▇▇▇▇▇▇▇ money deposit shall be paid by the Institute to the tenderer.
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PerformanceSecurity. 9.1.1 The Mine Developer and Operator shall, as a security for the performance of its obligations under the Coal Mining Agreement, provide to HPGCL not later than 30 (Thirty) days from the date of signing of the Coal Mining Agreement, an irrevocable, unconditional, first demand bank guarantee for a sum of INR 1537,00,000 (Indian Rupees One Thousand Five Hundred Thirty Seven Crore only)from any Scheduled Commercial/ Nationalized Bank in India authorized by Reserve Bank of India (RBI) to issue such Bank Guarantee in the format set forth in Schedule-F (the "Performance Security") towards security for the fulfillment of its obligations under Coal Mining Agreement. 9.1.2 Provided that, in the event that the initial Contract Period is extended pursuant to Clause 3.1 (“Extended Contract Period”) of CMA, the MDO shall extend the above bank guarantee submitted against Performance Security no later than 90 (ninety) days prior to the commencement of the such Extended Contract Period to cover the Extended Contract Period. 9.1.3 The MDO shall keep the Performance Security valid, effective and in full force for such value as is required to be maintained in accordance with Clause 9.1.1 of CMA, until the date that occurs 90 (ninety) days after the expiry of the Contract Period(or the Extended Contract Period, if applicable). It is hereby clarified that the MDO shall keep the Performance Security valid, effective and in full force in an extendable/renewable manner revolving after a period of at least 3 (three) years. In this regard, the HPGCL reserves the right to call for any documentary evidence from the Mine Operator in relation to such extension or renewal of the Performance Security and the Mine Operator shall be under an obligation to furnish all documents as may be required by the Authority in this regard. 9.1.4 At least 30 (thirty) days prior to expiry of a Performance Security, the MDO shall furnish an extended, renewed or replacement Performance Security to the HPGCL, failing which the HPGCL shall be entitled to, after giving 5 (five) days‟ notice to the MDO, draw down the full remaining value of the Performance Security, and hold the cash as security for performance of the MDO‟s obligations under this Agreement. 9.1.5 The Performance Security shall not in any manner be construed as limiting the damages payable by the MDO to HPGCL in accordance with the terms of the Coal Mining Agreement. 9.1.6 In case the Bidding Consortium being the Selected Bidder, Performance...
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PerformanceSecurity. (A) Within 30 (thirty) days of receipt of Letter of Acceptance, the selected Bidder shall furnish to the Authority an irrevocable and unconditional guarantee from a Bank in the form set forth in Annex-I of Schedule-G (the “Performance Security”) for an amount equal to 3% (three percent) of its Bid Price. In case of bids mentioned below, the Selected Bidder, along with the Performance Security, shall also furnish to the Authority an irrevocable and unconditional guarantee from a Bank in the same form given at Annex-I of Schedule-G towards an Additional Performance Security (the “Additional Performance Security”) for an amount calculated asunder:
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PerformanceSecurity. 7.1 PerformanceSecurity‌ (i) (A) Within 15 (fifteen) days of receipt of Letter of Acceptance, the selected Bidder shall furnish to the Authority an irrevocable and unconditional e-Bank guarantee from a Bank in the form set forth in Annex-I of Schedule-G (the “Performance Security”) for an amount equal to 3% (Three percent) of its Bid Price. In case of bids mentioned below, the Selected Bidder, along with the Performance Security, shall also furnish to the Authority an irrevocable and unconditional e-Bank guarantee from a Bank in the same form given at Annex-I of Schedule-G towards an Additional Performance Security (the “Additional Performance Security”) for an amount calculated as under: (a) If the Bid Price offered by the Selected Bidder is lower than 20% of the estimated project cost/cost put to the Additional Performance Security shall be calculated @ 20% of the difference in the (aa) Estimated Project Cost (as mentioned in RFP)-20% of the Estimated Project Cost and (bb) the Bid Price offered by the selected Bidder. (b) Maximum limit of additional performance security shall be limited to 3% of the Bid Price offered by the selected Bidder. (c) This “Additional Performance Security” shall be treated as part of performance security.
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PerformanceSecurity. The Concessionaire shall have provided to the Authority prior to the signing of this Agreement, an
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Related to PerformanceSecurity

  • Performance Security 47.1 Within twenty-one (21) days of the receipt of Letter of Acceptance from the Procuring Entity, the successful Tenderer, if required, shall furnish the Performance Security in accordance with the GCC 18, using for that purpose the Performance Security Form included in Section X, Contract Forms. If the Performance Security furnished by the successful Tenderer is in the form of a bond, it shall be issued by a bonding or insurance company that has been determined by the successful Tenderer to be acceptable to the Procuring Entity. A foreign institution providing a bond shall have a correspondent financial institution located in Kenya, unless the Procuring Entity has agreed in writing that a correspondent financial institution is not required. 47.2 Failure of the successful Tenderer to submit the above-mentioned Performance Security or sign the Contract shall constitute sufficient grounds for the annulment of the award and forfeiture of the Tender Security. In that event the Procuring Entity may award the Contract to the Tenderer offering the next lowest Evaluated Tender. 47.3 Performance security shall not be required for a contract, if so specified in the TDS.

  • Performance Framework Service Agreements are a central component of the NSW Health Performance Framework which documents how the Ministry of Health monitors and assesses the performance of public sector health services to achieve expected service levels, financial performance, governance and other requirements.

  • Payment of Services For courses taught at a High School facility utilizing High School teachers who are qualified by the Dallas College using Southern Association of Colleges and Schools Commission on Colleges (SACSCOC) standards to teach college level courses, Dallas College shall pay as follows:

  • Appropriation of Performance Security (i) Upon occurrence of a Contractor’s Default, the Authority shall, without prejudice to its other rights and remedies hereunder or in law, be entitled to encash and appropriate the relevant amounts from the Performance Security as Damages for such Contractor’s Default. (ii) Upon such encashment and appropriation from the Performance Security, the Contractor shall, within 30 (thirty) days thereof, replenish, in case of partial appropriation, to its original level the Performance Security, and in case of appropriation of the entire Performance Security provide a fresh Performance Security, as the case may be, and the Contractor shall, within the time so granted, replenish or furnish fresh Performance Security as aforesaid failing which the Authority shall be entitled to terminate the Agreement in accordance with Article 23. Upon replenishment or furnishing of a fresh Performance Security, as the case may be, as aforesaid, the Contractor shall be entitled to an additional Cure Period of 30 (thirty) days for remedying the Contractor’s Default, and in the event of the Contractor not curing its default within such Cure Period, the Authority shall be entitled to encash and appropriate such Performance Security as Damages, and to terminate this Agreement in accordance with Article 23.

  • Performance of Services The Contractor is responsible for fully meeting all obligations set forth in the Contract and for providing Product in accordance with the Contract or any Authorized User Agreement.