Performance Security/ Performance Guarantee definition

Performance Security/ Performance Guarantee means monetary amount or financial guarantee to be furnished by the successful bidder for due performance of the contract placed on it. Performance Security is also known as Security Deposit.
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Performance Security/ Performance Guarantee means the amount to be paid by the successful bidder as per relevant clause mentioned in the tender document.
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Performance Security/ Performance Guarantee means the amount to be paid by the Successful Tenderer as per relevant clause mentioned in this document.
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Related to Performance Security/ Performance Guarantee

  • 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.

  • 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 Guaranty means the Performance Guaranty, dated as of the Closing Date, by the Performance Guarantor in favor of the Administrative Agent for the benefit of the Secured Parties, as such agreement may be amended, restated, supplemented or otherwise modified from time to time.

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