Performance Guarantee Criteria definition

Performance Guarantee Criteria means the criteria listed in Exhibit A. Performance Tests is defined in Section 7.2.1. Phase I is defined in Exhibit L. Phase I and Phase II Engineering Services Agreement is defined in Section 6.1. Phase II is defined in Exhibit L. Plant is defined in the Recitals. Project is defined in Section 2.1. Punch List is defined in Section 6.4.3.
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Performance Guarantee Criteria means the criteria listed in Exhibit A to the Design Build Agreement.
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Performance Guarantee Criteria means the criteria listed in Exhibit A. Performance Tests is defined in Section 7.2.1. Punch List is defined in Section 6.4.3.
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Examples of Performance Guarantee Criteria in a sentence

  • Design-Builder disclaims any liability and Owner indemnifies Design-Builder for non-attainment of the Performance Guarantee Criteria directly or indirectly caused by material non-performance or negligence of third parties not retained by Design-Builder.

  • Such procedure shall be repeated as necessary until Owner and Independent Engineer verifies that the Performance Guarantee Criteria have been met.

  • Upon Substantial Completion of the Work Owner shall release to Design-Builder all retained amounts less an amount equal to the reasonable value of all remaining or incomplete items of Work and less an amount equal to the value of any Subcontractor lien waivers not yet obtained, as noted in the Certificate of Substantial Completion, provided that such payment shall only be made if Design-Builder has met the Performance Guarantee Criteria listed in Exhibit A.

  • At a mutually agreed time prior to start-up, Design-Builder shall provide up to two (2) weeks of training at a facility designated by ICM for all of Owner’s employees and Owner Operator’s employees required for the operation and maintenance of the Plant in accordance with all design specifications therefor contained in the Contract Documents and necessary in order to maintain the Performance Guarantee Criteria, including operators, laboratory personnel, general, plant and maintenance managers.

  • Such procedure shall be repeated as necessary until Owner verifies that the Performance Guarantee Criteria have been met.

  • As part of the Performance Guarantee Criteria the Plant shall operate in accordance with all Legal Requirements.

  • Owner shall make payment on Design-Builder’s properly submitted and accurate Final Application for Payment within thirty (30) days after Owner’s receipt of the Final Application for Payment, provided that Design-Builder has satisfied the requirements for final payment set forth in Section 6.7.2 of the General Conditions of Contract and Design-Builder has met the Performance Guarantee Criteria listed in Exhibit A.

  • Upon Substantial Completion of the entire Work and satisfaction of the Performance Guarantee Criteria listed in Exhibit A, Owner shall release to Design-Builder all retained amounts, less an amount equal to the reasonable value of all remaining or incomplete items of Work as noted in the Certificate of Substantial Completion, and less an amount equal to the value of any Subcontractor lien waivers not yet obtained.

  • Upon Substantial Completion of the entire Work and satisfaction of the Performance Guarantee Criteria listed in Exhibit A, Owner shall release to Design-Builder all retained amounts relating, as applicable, to the entire Work or completed portion of the Work, less an amount equal to the reasonable value of all remaining or incomplete items of Work as noted in the Certificate of Substantial Completion, and less an amount equal to the value of any Subcontractor lien waivers not yet obtained.

  • If there is a performance shortfall, Design-Builder will pay all design and construction costs associated with making the necessary corrections so that the Performance Guarantee Criteria are met.


More Definitions of Performance Guarantee Criteria

Performance Guarantee Criteria means the criteria listed in Exhibit A. Performance Tests is defined in Section 7.2.1. Plant is defined in the Recitals.
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Related to Performance Guarantee Criteria

  • 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 and Guarantee Test means all operational checks and tests required to determine and demonstrate capacity, efficiency and operating characteristics as specified in the Contract Documents.

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

  • Performance and Guarantee Tests , shall mean all operational checks and tests required to determine and demonstrate capacity, efficiency, and operating characteristics as specified in the Contract Documents.

  • 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.