Maintenance Performance Bond definition

Maintenance Performance Bond means the performance bond delivered by DB Contractor in the form attached to the CMA as Exhibit 5, Appendix 1.
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Maintenance Performance Bond means the performance bond delivered by Maintenance Contractor in the form attached to the Comprehensive Maintenance Agreement as Exhibit 6 to the Comprehensive Maintenance Agreement.
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Maintenance Performance Bond means the performance bond delivered by the Contractor in the form attached to the Agreement as Exhibit D (Form of Maintenance Payment and Performance Bond).
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Examples of Maintenance Performance Bond in a sentence

  • TxDOT shall retain from the Final Payment, and if it reasonably appears there will be insufficient funds at Final Payment, from progress payments, an amount equal to the initial amount of the Maintenance Performance Bond required pursuant to Section 3.3.3.3 of the CMA General Conditions (the “Retained Security Amount”) as security for the provision of the Maintenance Security required under Section 3.3 of the CMA General Conditions.

  • If DB Contractor (i) elects to provide a Letter of Credit as O&M Security and the initial Letter of Credit provided at Substantial Completion is less than the Maximum P&P LC Amount or (ii) is a limited liability entity and elects to provide the Maintenance Performance Bond and Maintenance Payment Bond as O&M Security, DB Contractor shall also provide a Guaranty satisfying the requirements of Section 7.6 on or before the date on which such O&M Security is provided to TxDOT.

  • If DB Contractor (i) elects to provide a Letter of Credit as Maintenance Security or (ii) is a limited liability entity and elects to provide the Maintenance Performance Bond and Maintenance Payment Bond as Maintenance Security, DB Contractor shall also provide a Guaranty satisfying the requirements of Section 7.6 on or before the date on which such Maintenance Security is provided to TxDOT.

Related to Maintenance Performance Bond

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

  • Annual performance report means a written appraisal of the teaching staff member's performance prepared by the teaching staff member’s designated supervisor based on the evaluation rubric for his or her position.

  • energy performance contracting means a contractual arrangement between the beneficiary and the provider of an energy efficiency improvement measure, verified and monitored during the whole term of the contract, where investments (work, supply or service) in that measure are paid for in relation to a contractually agreed level of energy efficiency improvement or other agreed energy performance criterion, such as financial savings;

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

  • Maintenance Period means the period so specified in an adoption agreement as a period of time—

  • Maintenance Programme shall have the meaning set forth in Clause 14.3; “Maintenance Period” shall have the meaning set forth in Clause 14.1; “Maintenance Requirements” shall have the meaning set forth in Clause 14.2;

  • Key Performance Indicators or “KPIs” means the performance measurements and targets set out in Part 3 of Schedule 1 (Services) of this Framework Agreement;

  • Performance Requirements The ordering entity reserves the right to inspect and verify that all deliveries are in accordance with specifications, both at the point of delivery and at the point of use. For orders that specify an “authorized party” to receive and inspect deliveries and/or installations, acceptance and inspection procedures must be performed by the” authorized party” to be considered and accepted by the ordering entity. Products inspected at the time of use are subject to refusal and return requirements for issues of quality such as defects in manufacturing and/or workmanship. Products will not be considered accepted by the ordering entity until the installation is complete for the applicable products.

  • Performance Level means a reference to one of Performance Level I, Performance Level II, Performance Level III, Performance Level IV or Performance Level V.

  • performance requirement means a requirement that:

  • Maintenance Margin means the minimum amount of money required in your Trading Account as specified on the Trading Platform in order to keep a Transaction open on the Trading Platform.

  • Maintenance Plan means a maintenance plan pursuant to N.J.A.C. 7:8-5.2(b) and 5.8 prepared by the design engineer for the stormwater management measures incorporated into the design of a major development.