PBG definition

PBG means Performance Bank Guarantee

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

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

Examples of PBG in a sentence

• For delay in commissioning up to 6 (six) months from SCD, encashment of Performance Bank Guarantee (PBG) on per day basis and proportionate to the capacity not commissioned.

• Additionally, in case of failure to submit Performance Security (PBG cum SD) within twenty-five (25) days from the date of intimation of the Order/Contract, the contractor may be disqualified / debarred from bidding against Mazagon Dock Shipbuilder Limited tenders in future and the Order would be liable for cancellation/termination with the invocation of Risk Purchase provisions of the Tender/Order.

• For example, in case of a Project of 240 MW capacity, if supply of power has commenced of 100 MW capacity is delayed by 18 days beyond the SCSD/ extended SCSD, then the penalty shall be: PBG amount X (100/240) X (18/180).

• It is to be noted that the damages/dues recovered by SECI by encashing the PBG/ POI, upon the default of the WPD under the PPA, shall be credited to the payment security fund maintained by SECI under the PPA.

• If the contractor submits 10% value of the contract in the form of PBG, deduction of 6% as retention from the running bills is exempted.

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 Paragon Banking Group PLC (registered number 2336032);

PBG means performance Guarantee

PBG means Performance Bank Guarantee for satisfactory performance of services during contract period.

PBG means the irrevocable unconditional bank guarantee, submitted by the BESSD to NVVN in the form attached hereto as Schedule1;

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 Performance Bank Guarantee from Nationalized Bank