Performance Guarantee definition

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 Guarantee means the bank guarantee or other form of security submitted by the contractor to secure obligations under the contract in accordance with the requirement in the bidding document

Performance Guarantee means the amount to be paid by the Successful Tenderer as per relevant clause mentioned elsewhere.

Examples of Performance Guarantee in a sentence

• Guarantor further agrees that its liability under this Performance Guarantee Agreement shall be continuing, absolute, primary, and direct, and that the Government shall not be required to pursue any right or remedy it may have against Contractor or other Guarantors under the Contract, or any modifications or amendments thereto, or any other document(s) or instrument(s) executed by Contractor, or otherwise.

• You are hereby advised to submit a Performance Guarantee valid up to the stipulated date of completion plus 60 days beyond that for a sum of Rs. 1,46,829.00 (as notified in Annexure B- page 22-23 of tender form.

• The Performance Guarantee shall be in the amount of 115% of the estimated cost.

• Over Delivery The Agency has exceeded the Performance Guarantee for a cost equal to or less than the Price Guarantee for that Performance Guarantee for a particular channel in any Pricing Year.

• Performance Guarantee The minimum result (in terms of audience views, clicks or similar) the Agency agrees to deliver for each Price Guarantee as set out for each media channel in Annex A of Schedule 3 (Charging Structure).

More Definitions of Performance Guarantee

Performance Guarantee means the bank guarantee or CDR submitted by the bidder to secure obligations under the contract in accordance with the requirement in the bidding document

Performance Guarantee means the guarantee provided by the Bidder in favor of UPLC for an amount specified in the RFP. The Performance Guarantee may be in the form of Demand

Performance Guarantee of any Person means (a) any letter of credit, bankers acceptance, surety bond, performance bond, bank guarantee or other similar obligation issued for the account of such Person to support only trade payables or nonfinancial performance obligations of such Person, (b) any letter of credit, bankers acceptance, surety bond, performance bond, bank guarantee or other similar obligation issued for the account of such Person to support any letter of credit, bankers acceptance, surety bond, performance bond, bank guarantee or other similar obligation issued for the account of a Subsidiary, a Joint Venture or a Consortium of such Person to support only trade payables or non-financial performance obligations of such Subsidiary, Joint Venture or Consortium, and (c) any parent company guarantee or other direct or indirect liability, contingent or otherwise, of such Person with respect to trade payables or non-financial performance obligations of a Subsidiary, a Joint Venture or a Consortium of such Person, if the purpose of such Person in incurring such liability is to provide assurance to the obligee that such contractual obligation will be performed, or that any agreement relating thereto will be complied with.

Performance Guarantee means any form of security, including a performance bond, cash escrow, assignment of funds or irrevocable letter of credit, in an appropriate amount and in a form that is satisfactory to the City.

Performance Guarantee means any guarantee by any Person of the performance of the obligations of another Person (other than obligations in respect of payments, indebtedness or other monetary obligations of any kind) under contracts of such other Person to design, develop, manufacture, construct or produce products or production facilities (and related nonmonetary obligations) or to provide services related to any of the foregoing.

Performance Guarantee means the guarantee to be procured in accordance with

Performance Guarantee means the LNG Production Rate Performance Guarantee.