Contract Performance Guarantee definition

Contract Performance Guarantee means the irrevocable unconditional bank guarantee, submitted and to be submitted by the TSP or by the Selected Bidder on behalf of the TSP to the Nodal Agency from a bank mentioned in Annexure 17 of the RFP, in the form attached here to as Schedule 8, in accordance with Article 3 of this Agreement and which shall include the additional bank guarantee furnished by the TSP under this Agreement; “Contract Year”, for the purpose of payment of Transmission Charges, shall mean the period beginning on the COD, and ending on the immediately succeeding March 31 and thereafter each period of 12 months beginning on April 1 and ending on March 31 provided that the last Contract Year shall end on the last day of the term of the TSA;
Contract Performance Guarantee shall have the meaning ascribed to it in Clause 3;
Contract Performance Guarantee means the irrevocable unconditional bank guarantee, submitted or to be submitted by the Seller to the Procurer in the form attached hereto as Annexure 1, in accordance with the terms of PPA and RFP;

Examples of Contract Performance Guarantee in a sentence

  • Contract Performance Guarantee (CPG) The Seller shall be required to furnish CPG within 7 (seven) Days from the date of letter of award issued by the Procurer for an amount calculated at Rs. 2 lakhs per MW per month(30 days, 24 hours and same shall be reduced on pro-rata basis) of contract period or part thereof.


More Definitions of Contract Performance Guarantee

Contract Performance Guarantee means the irrevocable, unconditional and revolving bank guarantee submitted by the Transmission Service Provider to the Long Term Transmission Customers in terms of the Transmission Service Agreement;
Contract Performance Guarantee means the irrevocable unconditional bank guarantee, submitted or to be submitted by the Seller to the Procurer in the form attached hereto as Annexure 1, in accordance with the terms of PPA and RFP; “Contracted Capacity” shall mean the net capacity of power (in MW) contracted between the Seller and the Procurer(s) at the Delivery Point; “Contract Period” shall mean the period commencing from and endingon …………. “Central Transmission Utility” or “CTU” shall mean the Board or the Government company notified as “Central Transmission Utility” or “CTU” means any Government company which the Central Government may notify under sub-section (1) of section 38 of The Electricity Act 2003Delivery Date” shall mean the date on which the Seller commences supply of the Contract Capacity to the Procurer; "Delivery Point" The Delivery Point for the power shall be the State Transmission Periphery of Gujarat; “Dispute” shall mean any dispute or difference of any kind between the Procurer and the Seller in connection with or arising out of this Agreement including but not limited to any issue on the interpretation and scope of the terms of this Agreement as provided in Article 7.2 of this Agreement; "Due Date" shall have the meaning ascribed thereto in Article 5.3.2 “Effective Date” shall have the meaning ascribed thereto in Article 2.1 of this Agreement; “Earnest Money Deposit” Shall have the meaning ascribed in RFP; “Force Majeure” or “Force Majeure Event” shall have the meaning ascribed thereto in Article 6.1 of this Agreement; “Forced Outage” Refers to an outage of a generating unit or transmission facility due to a fault or reasons not planned which is accepted by SLDC/RLDC/CTU/STU; GERC shall mean Gujarat Electricity Regulatory Commission "Grid Code" / “IEGC” or “State Grid Code” shall mean the Grid Code specified by the Central Commission under Clause (h) of Sub-section (1) of Section 79 of the Electricity Act and/or the State Grid Code as specified by the concerned State Commission, referred under Clause (h) of Sub-section (1) of Section 86 of the Electricity Act 2003, as applicable; “Indian Governmental Instrumentality” shall mean the Government of India, Governments of state(s) of Gujarat and [Insert name of state where Seller and Power Station is located] in India, and any ministry, department, board, authority, agency, corporation, commission under the direct or indirect control of Government of India or any of the above state Government(s) or both, any political...
Contract Performance Guarantee. Shall have the meaning ascribed in RFP “Contract Period” shall mean the period commencing from 01st September 2013 to 30th June 2014
Contract Performance Guarantee means a cash deposit in the escrow account or an irrevocable and unconditional bank guarantee which THE CONTRACTOR shall provide for the performance of its obligations under this Contract, which is presented under the provisions of art. 60 and subsequent provisions in the contract.
Contract Performance Guarantee means a security given by or for a contractor for the performance of 1 or more of the contractor’s
Contract Performance Guarantee means a security given by or for a contractor for the performance of 1 or more of the contractor’s obligations under a contract with an accountable officer or statutory body.
Contract Performance Guarantee means all deposits, whether in Government Securities or Bank Guarantees, from Nationalised/Scheduled Banks of India or a Foreign Bank confirmed by any Nationalized Bank of India, amounts deducted from interim payments or in any other form pledged to the Corporation for due performance of the Contract.