Performance Securities definition

Performance Securities means the • provided or to be provided by the Principal Contractor to Project Co pursuant to the terms of the Principal Contract, as amended, supplemented or replaced from time to time in accordance with this Agreement;

Performance Securities means the rights of the Corporation which are issued and outstanding and which become exercisable on the satisfaction of certain conditions.

Performance Securities has the meaning, in respect of any Principal Contract, given in Section 1.1 [Definitions] of the Collateral Agreement relating to such Principal Contract.

Examples of Performance Securities in a sentence

• Bid Securities should not exceed 3% (three percent) of the estimated cost of the contract; Performance Securities not more than 10% (ten percent).

• Bid Securities should not exceed 2% (two percent) of the estimated cost of the contract; Performance Securities not more than 10% (ten percent).

• Each of the parties hereto acknowledges having received and reviewed a copy of the Project Agreement, the Principal Contract, the Guarantee and each of the Performance Securities, and acknowledges the respective terms thereof.

• No amount will be certified or paid until the Employer has received and approved, the Performance Securities and the relevant Advance Payment Bond required to be submitted by the Contractor in accordance with clause 4.2 [Performance Securities].

• Bid Securities, where applicable, should not exceed 2% (two percent) of the estimated cost of the contract; Performance Securities, where applicable, not more than 10% (ten percent).

More Definitions of Performance Securities

Performance Securities means the instruments of assurance of the proper fulfilment of the Borrower’s obligations under the Loan Agreement indicated in the Special Conditions of the Loan Agreement, which the Borrower assumes the obligation, at its own expense, to conclude and, if provided for by applicable legal acts, to register with competent authorities as well as to provide according to the procedure and deadlines prescribed by the Loan Agreement to the Lender and ensure their validity, lawfulness and compliance with the Lender’s requirements until the debt has been repaid to the Lender in full. The security of fulfilment of obligations shall be provided by concluding (issuing) a document(s) of the form and content acceptable to the Lender.

Performance Securities has the meaning, in respect of any Principal Subcontract, given in Section 1.1 [Definitions] of the Collateral Agreement relating to such Principal Subcontract;

Performance Securities means the Jagjeetpur Performance Security or the Sarai Performance Security, as the context may require, and the term Performance Securities shall mean collectively, the Jagjeetpur Performance Security and the Sarai Performance Security. Person means any individual, company, corporation, partnership, joint venture, trust, society, sole proprietor, limited liability partnership, co-operative society, government company, unincorporated organization or any other legal entity. Phase I Designs and Drawings means the Basic Engineering Designs and the detailed 'good for construction' designs and drawings, technical information, plans, samples, patterns, models and specifications for the works required for achieving the first Payment Milestone.

Performance Securities means the Farrukhabad Performance Security or the Fatehgarh Performance Security, as the context may require, and the term Performance Securities shall mean collectively, the Farrukhabad Performance Security and the Fatehgarh Performance Security.

Performance Securities means the Tranche A Guaranteed Performance Securities to be issued by Interpipe Investments Plc on the Restructuring Effective Date, guaranteed by Interpipe Holdings Plc, and having the terms and conditions set out in Appendix 2 to the Consent Solicitation Memorandum.

Performance Securities has the meaning set out in Clause 3.2. PERSON - means any individual, partnership, corporation, company, business organization, trust, or other entity. PLANS - means all documents, plans, schedules, models, design, samples, technical information or data (written or oral) and source codes.

Performance Securities means all instruments providing security to the Concessionaire, the Contractor or the Operator as specified in the security package required by the Senior Funders.