Performance Security/Performance Bank Guarantee definition
Performance Security/Performance Bank Guarantee means the amount to be paid by the successful bidder as per relevant clause mentioned in the tender document.
Performance Security/Performance Bank Guarantee means the security amount to be paid by the successful bidder as per relevant clause mentioned in the bid document. provided by the contractor for proper performance of the contract.
Performance Security/Performance Bank Guarantee means the Performance Security for operation and maintenance as applicable in terms of Clause 11“Person” means any individual, company, corporation, partnership, joint venture, trust, unincorporated organization, special purpose vehicle, special purpose company, government or Government Agency or any other legal entity.“Political Event” shall have the meaning ascribed thereto in Clause 30“Project” - Lessor hereby grants and authorizes the Developer to design, finance, build, operate and maintain the Project i.e. Development, Operation and Maintenance of Luxury Tented Accommodation located at Multiple Locations in Meghalaya under Design, Build, Finance, Operate and Transfer (DBFOT) Mode on Public Private Partnership (PPP) mode and to exercise and/or enjoy the rights, powers, privileges, authorizations and entitlements as set forth in this Agreement, including but not limited to the right to levy, demand, collect and appropriate fees from persons liable for payment of Fee for using the Project/Project Assets or any part thereof"Project Assets" means all physical and other assets relating to and forming part of the Project including but not limited to (i) rights over the Project Site in the right of way or otherwise, (ii) tangible assets such as civil works including foundations, embankments, pavements, road surface, interchanges, drainage works, lighting facilities, sign boards, electrical works for lighting on the Project, telephone and other communication systems and equipment for the Project, rest areas, amenities, service facilities, and all connected infrastructure thereto etc. (iii) Service Facility situated on the Project Site, (iv) the rights of the Developer (v) financial assets, such as security deposits for electricity supply, telephone and other utilities, etc., (vi) insurance proceeds subject to Lenders’ rights thereto and (vii) Applicable Permits and authorizations relating to or in respect of the Project.“Project Site” as defined in Volume-II: Terms of Reference (ToR) and Project Profile. In case of request from Lessee, the Authority may provide additional land for the Project during the Lease Period, if available and at the Authority’s discretion“Project Infrastructure” shall mean collectively the captive facilities to be developed at the Project Site for the exclusive use of the Project, the trunk infrastructure (water treatment plant, sewage treatment plant; the power facility etc) and the infrastructure to carry out the Associated Services...