Examples of Performance Guaranties in a sentence
To the extent practicable, the MEP Participants and the Turnkey Contractor shall seek to implement a resolution that avoids such adjustments to the Lump Sum Fixed Price or the Performance Guaranties.
The MEP Participants, without invalidating this Agreement, may order Scope Changes to the Work, in which event one or more of the Lump Sum Fixed Price, the Guaranteed Completion Date, the Milestone/Progress Payment Schedule, the Work Schedule and/or the Performance Guaranties shall be adjusted or modified only to the extent necessary in light of such Scope Changes.
This assessment is in addition to the Performance Guaranties as set forth in Exhibit C.
In case of a termination of part of the Work during the third Phase, the MEP Participants will authorise a Scope Change Order making any required adjustments to one or more of the Lump Sum Fixed Price, the Guaranteed Completion Dates, the Milestone/Progress Payment Schedule, the Work Schedule and/or the Performance Guaranties, as appropriate.
The Turnkey Contractor shall perform, and re-perform if necessary, all Work-related tests (as provided in Article 7) in order to demonstrate the achievement by the Facilities of the Performance Guaranties; provided, however that test water and locations for disposal of the test water necessary for hydrostatic tests shall be provided by the MEP Participants at no cost to the Turnkey Contractor.