Performance Guarantee/ Performance Security definition

Performance Guarantee/ Performance Security has the meaning given to it in Schedule G;
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Examples of Performance Guarantee/ Performance Security in a sentence

  • As soon as practicable after a notice for termination under Clause 16.4 has taken effect, the Authority shall immediately return the Advance Guarantee/ Performance Guarantee/ Performance Security, as the case may be, provided by the Contractor and shall proceed to determine the balance amount of the Contract Price not already paid to the Contractor.

  • As soon as practicable after a notice for termination under Clause 16.3 has taken effect, the Authority shall immediately return the Advance Guarantee/ Performance Guarantee/ Performance Security, as the case may be, provided by the Contractor and shall proceed to determine the balance amount of the Contract Price not already paid to the Contractor.

Related to Performance Guarantee/ Performance Security

  • Performance Security means monetary guarantee to be furnished by the successful Tenderer for due performance of the contract placed on it. Performance Security is also known as Security Deposit or Performance Bank Guarantee.

  • Additional Performance Security shall have the meaning set forth in Clause 7.1;

  • 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.

  • Energy Performance Score means the numeric rating generated by Portfolio Manager that compares the Energy usage of the building to that of similar buildings.

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