Performance Guarantee Agreement definition

Performance Guarantee Agreement or “PeGu Agreement” shall have that meaning as set forth in Section 3.18.2 herein.
Sample 1
Performance Guarantee Agreement means: (a) that certain Performance Guarantee Agreement, dated as of June 5, 2014, between Borrower and O&M Contractor (together with all annexes, exhibits and schedules attached or to be attached thereto, each as amended, and all amendments, modifications and supplements with respect to the foregoing documents and any replacements, renewals, extensions or restatements thereof, and any substitutes therefore, in whole or in part to the extent allowed in accordance with the terms hereof) pursuant to which O&M Contractor guaranties the Project’s performance, including utilization rate of at least ninety percent (90%) during the first twenty-four months following Conversion; and (b) all instruments, agreements, documents or other written evidence of Acceptable Credit Support for the obligations of O&M Contractor thereunder.
Sample 1
Performance Guarantee Agreement means the performance guarantee agreement pursuant to which Contractor guarantees from the Power Substantial Completion Date a gross annual production or 41,000,000 kWh of electricity for a term of two years, as measured in accordance with the Agreement in Annex 24;
Sample 1

Examples of Performance Guarantee Agreement in a sentence

  • Section H Clause entitled , Safety and Security Key Personnel; 4 Guarantor Company(ies) is defined as the company(ies) executing the performance guarantee (s) in Section H Clause entitled, Performance Guarantee Agreement.

  • In the event any of the signatories to the Performance Guarantee Agreement enters into proceedings related to bankruptcy, whether voluntary or involuntary, the Contractor agrees to furnish written notification of the bankruptcy to the Contracting Officer.

  • Guarantor further agrees that its liability under this Performance Guarantee Agreement shall be continuing, absolute, primary, and direct, and that the Government shall not be required to pursue any right or remedy it may have against Contractor or other Guarantors under the contract, or any modifications or amendments thereto, or any other document(s) or instrument(s) executed by Contractor, or otherwise.

  • The individual signing the Performance Guarantee Agreement for the parent company(s) should be the Responsible Corporate Official.

  • No express or implied provision, warranty, representation or term of this Performance Guarantee Agreement is intended, or is to be construed, to confer upon any third person(s) any rights or remedies whatsoever, except as expressly provided in this Performance Guarantee Agreement.

  • H.29 RESPONSIBLE CORPORATE OFFICIAL The Contractor has provided a Guarantee of performance from its parent company in the form set forth in Section J Attachment entitled, Performance Guarantee Agreement.

  • Section B Clause entitled, Conditional Payment of Fee (CPOF) DOE Richland Operations Office Site-Specific Performance Criteria/Requirements; 1 Guarantor Company(ies) is defined as the company(ies) executing the performance guarantee (s) in Section H Clause entitled, Performance Guarantee Agreement.

  • H.30 RESPONSIBLE CORPORATE OFFICIAL‌ The Contractor has provided a Guarantee of performance from its parent company in the form set forth in Section J Attachment entitled, Performance Guarantee Agreement.

  • In the event any of the signatories to the Performance Guarantee Agreement enters into proceedings related to bankruptcy, whether voluntary or involuntary, the Contractor agrees to furnish written notification of the bankruptcy to the CO.

  • The model PPA template includes a PV System Performance Guarantee Agreement, though other performance guarantee agreements may be considered.


More Definitions of Performance Guarantee Agreement

Performance Guarantee Agreement means the Performance Guarantee Agreement, dated as of December 14, 1994, by Triton Energy Corporation in favor of Ocensa.
Sample 1
Performance Guarantee Agreement means the performance guarantee agreement pursuant to which Contractor guarantees from the Substantial Completion Date a gross annual production of 25,228,800 kWh of electricity for a term of two years, as measured in accordance with the Agreement in Annex 24;
Sample 1
Performance Guarantee Agreement an agreement relating to the performance guarantees to be given by SS Co to Shell U.K. Limited in agreed terms to be entered into on completion of the Demerger between SSCO and Shell U.K. Limited;
Sample 1
Performance Guarantee Agreement means the performance guarantee agreement pursuant to which Contractor guarantees from the Substantial Completion Date a gross annual production of Biomethane and maximum consumption of consumables for a term of twelve years, as measured in accordance with the Agreement in Annex 15;
Sample 1

Related to Performance Guarantee Agreement

  • Performance Guarantee means the security to be provided by the Contractor in accordance with Sub Clause 10.1 for the due performance of the Contract.

  • Guarantee Agreement means this Guarantee Agreement, as modified, amended or supplemented from time to time.

  • Performance Guaranty means the Performance Guaranty, dated as of the Closing Date, entered into by Performance Guarantor in favor of Administrative Agent.

  • Guarantee Agreements means the Parent Guarantee Agreement and the Subsidiary Guarantee Agreement.

  • Subsidiary Guarantee Agreement means the Subsidiary Guarantee Agreement, substantially in the form of Exhibit I, made by the Subsidiary Guarantors in favor of the Collateral Agent for the benefit of the Secured Parties.

  • Performance Guarantees means specific measurement indicators assigned to Contract tasks representing timeliness and quality of task output.

  • Guaranty Agreement means a supplemental indenture, in a form satisfactory to the Trustee, pursuant to which a Subsidiary Guarantor guarantees the Company’s obligations with respect to the Securities on the terms provided for in this Indenture.

  • Subsidiary Guaranty Agreement means each unconditional guaranty agreement executed by the Subsidiary Guarantors in favor of the Administrative Agent for the ratable benefit of the Secured Parties, substantially in the form of Exhibit H, as amended, restated, supplemented or otherwise modified from time to time.

  • Parent Guaranty means the guaranty of the Parent pursuant to Section 15.

  • Service Guarantee means any payment or other benefit that one party provides to the other party when it fails to meet a Service Standard for which a guarantee payment is provided should that Service Standard not be met;

  • Parent Guarantee means the guarantee of payment of the Securities by the Parent Guarantor pursuant to the terms of this Indenture.

  • TBT Agreement means the Agreement on Technical Barriers to Trade, which is part of the WTO Agreement;

  • guarantee contract means a contract entered into by a person as guarantor;

  • Finance agreement means a loan, lease, or installment sale agreement for a motor vehicle. The term includes, but is not limited to, an installment sale contract, a retail installment contract, or a retail charge agreement.

  • Guaranty means, with respect to any Person, any obligation (except the endorsement in the ordinary course of business of negotiable instruments for deposit or collection) of such Person guaranteeing or in effect guaranteeing any indebtedness, dividend or other obligation of any other Person in any manner, whether directly or indirectly, including (without limitation) obligations incurred through an agreement, contingent or otherwise, by such Person:

  • Performance Guarantor means Parent.

  • Guarantee Assumption Agreement means a Guarantee Assumption Agreement substantially in the form of Exhibit A by an entity that, pursuant to Section 8.12(a), is required to become a “Subsidiary Guarantor” hereunder in favor of the Lenders.

  • Bond Agreement means this bond agreement, including any Attachments to which it refers, and any subsequent amendments and additions agreed between the Parties.

  • Guarantee Agency means a state agency or a private nonprofit institution or organization which administers a Guarantee Program within a State or any successors and assignees thereof administering the Guarantee Program which has entered into a Guarantee Agreement with the Trustee on behalf of the Purchaser.

  • Note Agreement hereunder," "hereof," "herein," or words of like import referring to the Note Agreement, shall mean and be a reference to the Note Agreement, as amended hereby.

  • Guarantee and Adherence Agreement means the guarantee and adherence agreement pursuant to which the Guarantors shall, amongst other, (i) guarantee all amounts outstanding under the Finance Documents, including but not limited to the Bonds, plus accrued interests and expenses, (ii) agree to subordinate all subrogation claims, and (iii) undertake to adhere to the terms of the Finance Documents.

  • Guaranty Agreements means, collectively, the Parent Guaranty Agreements and the Subsidiary Guaranty Agreements.

  • VA Loan Guaranty Agreement means the obligation of the United States to pay a specific percentage of a Mortgage Loan (subject to a maximum amount) upon default of the Mortgagor pursuant to the Servicemen’s Readjustment Act, as amended.

  • Performance Agreement means an agreement between an HSP and its CEO that requires the CEO to perform in a manner that enables the HSP to achieve the terms of this Agreement and any additional performance improvement targets set out in the HSP’s annual quality improvement plan under the Excellent Care for All Act, 2010;

  • Guarantee and Collateral Agreement the Guarantee and Collateral Agreement to be executed and delivered by the Borrower and each Subsidiary Guarantor, substantially in the form of Exhibit A, as the same may be amended, supplemented or otherwise modified from time to time.

  • Reaffirmation Agreement means the Reaffirmation Agreement dated as of the Closing Date by the Borrower and the Guarantors to the Administrative Agent for the benefit of the Secured Parties.