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

Examples of Performance Guarantee in a sentence

  • The ratio of ASI to ESI for the Measurement Period shall be applied to Expected Deliveries as a weather adjustment prior to comparing Actual Deliveries to Expected Deliveries for the purposes of the Performance Guarantee.

  • Xxxxxxx Money and Performance Guarantee deposited by the supplier shall be released on receipt of a request from the Supplier after satisfactory delivery of ambulances complete in all respects in ready to gift condition.

  • Under the Developer’s Subdivision Improvement Agreement for the Property, a copy of which agreement is attached as Exhibit D, the Developer will furnish a Performance Guarantee, pursuant to Salida Municipal Code section 16-2-60(a), (in the form Exhibit E) in the amount of $ , which represents an amount equal to one hundred twenty-five percent (125%) of the estimated cost of said improvements to ensure timely completion of the Required Improvements.

  • CST warrants each Product (excluding Instruments which are covered in Section 21 and SoftGenetics Software which is covered in the Supplementary Terms), will meet the specifications stated on the technical data sheet included with and covering the Product (“Technical Data Sheet”) when used appropriately under normal conditions and as set forth in the CST Antibody Performance Guarantee found at xxxxx://xxx.xxxxxxxxxx.xxx/about-us/cst-antibody- performance-guarantee (“Limited Warranty”).

  • Successful bidder shall have to deposit Performance Guarantee equal to 5% of the tendered cost of ambulances from Nationalized Bank/Scheduled bank registered in Nepal before the time of award of work.


More Definitions of Performance Guarantee

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 the bank guarantee(s)/letter(s) of credit procured by the Concessionaire for the benefit of the Concessioning Authority guaranteeing the performance of the obligations of the Concessionaire hereunder in the manner specified in Article 4.1.
Performance Guarantee means the guarantee to be procured in accordance with
Performance Guarantee means a guarantee issued by an insurance company or bank on behalf of the Service Provider to ATNS, wherein the Service Provider guarantees the full and due performance of the Contract according to the plans and Specifications;
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.