Performance Security Amount definition

Performance Security Amount means an amount equal to the Net Project Incentive multiplied by a percentage equal to 100% minus the Performance Security Reduction;
Sample 1Sample 2
Performance Security Amount means an amount as calculated and adjusted in accordance with Schedule N (Performance Security Amount).
Sample 1Sample 2
Performance Security Amount shall have the meaning ascribed thereto in clause 8.1.1 of this Agreement
Sample 1

Examples of Performance Security Amount in a sentence

  • For the bid price of the bidder selected for acceptance is more than 15 (fifteen) percent below of the cost estimate, the performance security amount shall be determined as follows: Performance Security Amount = [(0.85 x Cost Estimate – Bid Price) x 0.5] + 5% of Bid Price.

  • For the bid price of the bidder selected for acceptance is more than 15 (fifteen) percent below of the cost estimate, the performance security amount shall be determined as follows: Performance Security Amount = [(0.85 x Cost Estimate –Bid Price) x 0.5] + 5% of Bid Price.The Bid Price and Cost Estimate shall be exclusive of Value Added Tax.

  • In the event, the bidder is not successful in completing the trial order to the satisfaction of NPL, PO may be short closed and appropriate cost may be recovered from the payable/s to the contractor or from Performance Security Amount.

  • For the bid price less than 15 percent of the cost estimate, the performance security amount shall be determined as follows: Performance Security Amount =[ (0.85 x Cost Estimate –Bid Price) x 0.5] + 5% of Bid Price.

  • ACCF may deduct the Performance Security Amount from the payment due to supplier.

  • The performance security shall be denominated in Philippine Pesos and posted in favor of the Procuring Entity in an amount equal to the percentage of the total contract price in accordance with the following schedule: Form of Performance Security Amount of Performance Security(Equal to Percentage of the Total Contract Price)Cash or cashier’s/manager’s check issued by a Universal or Commercial Bank.

  • For the bid price of the bidder selected for acceptance is more than 15 (fifteen) percent below of the cost estimate, the performance security amount shall be determined as follows: Performance Security Amount = [(0.85 x Cost Estimate –Bid Price) x 0.5] + 5% of Bid Price.

  • The Performance Security shall be denominated in Philippine Pesos and posted in favor of the PROCURING ENTITY in an amount not less than the required percentage of the total contract price in accordance with the following schedule:Form of Performance Security Amount of Performance Security (Equal to Percentage of the Total Contract Price) Cash or cashier’s/manager’s check issued by a Universal or Commercial Bank.

  • The performance security shall be denominated in Philippine Pesos and posted in favor of the Procuring Entity in an amount equal to the percentage of the total contract price in accordance with the following schedule: Form of Performance Security Amount of Performance Security (Equal to Percentage of the Total Contract Price)Cash or cashier’s/manager’s check issued by a Universal or Commercial Bank.

  • The Concessionaire shall within 30 (thirty) days of beginning of such Financial Year for which the increase in Performance Security Amount is due, replace the Performance Security with revised Performance Security Amount.


More Definitions of Performance Security Amount

Performance Security Amount has the meaning set forth in Section 5.4.
Sample 1
Performance Security Amount means (a) Four Million Ninety Five Thousand Dollars ($4,095,000) for the period beginning on the date that is fifteen (15) days after the Effective Date and ending on the Commencement Date, and (b) the amount set forth on Appendix N for each Contract Year during the Delivery Term; provided, that if a Performance Security Adjustment Date described in clause (b) of such defined term occurs, the Performance Security Amounts set forth on Appendix N shall automatically be updated in accordance with Appendix N to reflect the increase in Buyer’s Share and Expected RA Capacity.
Sample 1
Performance Security Amount means an amount as calculated and adjusted in accordance with Schedule K (Performance Security Amount).
Sample 1
Performance Security Amount has the meaning ascribed thereto in Section 10.14.1.
Sample 1

Related to Performance Security Amount

  • 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 means the Bank Guarantee to be submitted by Successful Bidder in accordance with Clause 8.7 of this RFP Document

  • Interest Free Security Deposit/ Performance Security means interest free amount to be deposited by the Licensee with NMRC as per terms and conditions of License Agreement as a security against the performance of the License Agreement.

  • Performance Bank Guarantee/ Security Deposit means interest free amount to be deposited by the Contractor with NMRC as per terms and conditions of Contract Agreement as a security against the performance of the Contract agreement

  • Security Amount means an amount equal to:

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • Performance Bond means the financial security for performance a USF Service Provider must furnish in accordance with section 54 of this RFA;

  • Qualified Performance-Based Award means an Award intended to qualify for the Section 162(m) Exemption, as provided in Section 11.

  • Cash Performance Award means an Award that is denominated by a cash amount to an Eligible Person under Section 10 hereof and payable based on or conditioned upon the attainment of pre-established business and/or individual Performance Goals over a specified performance period.

  • Performance Cash means any cash incentives granted pursuant to Article 9 payable to the Participant upon the achievement of such performance goals as the Committee shall establish.

  • Performance Bank Guarantee means the irrevocable unconditional bank guarantee to be submitted by the successful bidder as per the RfS.

  • Performance Cash Award means an award of cash granted pursuant to the terms and conditions of Section 6(c)(ii).

  • Performance Percentage means the factor determined pursuant to a Performance Schedule that is to be applied to a Target Award and that reflects actual performance compared to the Performance Target.

  • Performance-Based Cash Award means a cash Award under Article XI of this Plan that is payable or otherwise based on the attainment of certain pre-established performance goals during a Performance Period.

  • Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of all distributions per Unit of that Class during the Performance Bonus Term exceeds $25.00.

  • 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 Measurement Period has the meaning set forth in Section 3.1(e)(ii).

  • Performance Assurance means collateral in the form of cash, letters of credit, or other security acceptable to the requesting Party.

  • Performance Limits means the performance limits specified in the section of this Certificate titled Performance Limits.

  • Qualified Performance-Based Compensation means any compensation that is intended to qualify as “qualified performance-based compensation” as described in Section 162(m)(4)(C) of the Code.

  • Performance Year means the calendar year prior to the year in which an Annual Award is made by the Committee.

  • Performance Award means any right granted under Section 6(d) of the Plan.

  • Performance Letter of Credit means any Letter of Credit of the Borrower or a Guarantor that is issued for the benefit of a municipality, other governmental authority, utility, water or sewer authority, or other similar entity for the purpose of assuring such beneficiary of the Letter of Credit of the proper and timely completion of construction work.

  • Availability Incentive Payments has the meaning set forth in the CAISO Tariff.

  • Performance Grant means an Award subject, in part, to the terms, conditions and restrictions described in Section 9, pursuant to which the recipient may become entitled to receive cash, Class A Shares, Other Real Goods Securities or property, or other forms of payment, or any combination thereof, as determined by the Committee.

  • Long-Term Performance Award means an award under Section 10 below. A Long-Term Performance Award shall permit the recipient to receive a cash or stock bonus (as determined by the Committee) upon satisfaction of such performance factors as are set out in the recipient's individual grant. Long-Term Performance Awards will be based upon the achievement of Company, Subsidiary and/or individual performance factors or upon such other criteria as the Committee may deem appropriate.