PBG definition

PBG means Performance Bank Guarantee

PBG means The Pepsi Bottling Group, Inc., a Delaware corporation.

PBG means the irrevocable unconditional bank guarantee, submitted by the HPD to SECI in the form attached hereto as Schedule 1;

Examples of PBG in a sentence

• Seller can deposit the penalty with the Buyer directly else the Buyer shall have a right to recover all such penalty amount from the Performance Security (PBG).Cumulative Penalty cannot exceed more than 10% of the total contract value after which the Buyer shall have the right to get the service / rectification done from alternate sources at the risk and cost of the Seller besides forfeiture of PBG.

• MSEDCL will forfeit total Performance Bank Guarantee on per day basis and proportionate to the Capacity that has not commenced supply of power.For example, in case of a Project of 240 MW capacity, if commencement of power supply from 100 MW capacity is delayed by 18 days beyond the SCSD, then the penalty shall be calculated as: PBG amount X (100/240) X (18/180).

• The penalties, if any during the warranty period shall be recovered from the Performance Bank Guarantee (PBG) submitted by the successful bidder or from the Balance payment reserved with EDII.

• During the warranty period, any delay in the required services beyond one week, shall lead to levy of penalty at the rate of Rs.1000/day (rupees one thousand) subject to a maximum of total value of PBG.

• The PBG will be released by EDII only after the submission of satisfactory performance certificate issued & verified by end-user after the completion of warranty period.

More Definitions of PBG

PBG means Performance Bank Guarantee to be submitted by the supplier as the guarantee of performance against the concerned Order.

PBG means performance Guarantee

PBG means Paragon Banking Group PLC (registered number 2336032);

PBG means Performance Bank Guarantee from a scheduled Bank;

PBG means Performance Bank Guarantee from Nationalized Bank

PBG means The Pepsi Bottling Group, Inc., a corporation organized, existing and doing business under and by virtue of the laws of the State of Delaware, with its office and principal place of business located at One Pepsi Way, Somers, New York 10589.

PBG means the Pension Benefit Guaranty Corporation.