Common use of Appropriation of Performance Security Clause in Contracts

Appropriation of Performance Security. (i) Upon occurrence of a Contractor’s Default, the Authority shall, without prejudice to its other rights and remedies hereunder or in law, be entitled to encash and appropriate the relevant amounts from the Performance Security as Damages for such Contractor’s Default.

Appears in 100 contracts

Samples: Draft Contract Agreement, Contract Agreement, Contract Agreement

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Appropriation of Performance Security. (i) 7.3.1 Upon occurrence of a Contractor’s Default, the Authority shall, without prejudice to its other rights and remedies hereunder or in law, be entitled to encash and appropriate the relevant amounts from the Performance Security as Damages for such Contractor’s Default.

Appears in 24 contracts

Samples: Draft Contract Agreement, Draft Contract Agreement, Draft Contract Agreement

Appropriation of Performance Security. (i) 7.3.1 Upon occurrence of a Contractor’s Contractor Default, the Authority shall, without prejudice to its other rights and remedies hereunder or in law, be entitled to encash and appropriate the relevant amounts from the Performance Security the amounts due to it as Damages for such Contractor’s the Contractor Default.

Appears in 16 contracts

Samples: Epc Agreement, Engineering, Procurement and Construction, Model Agreement

Appropriation of Performance Security. (i) 7.3.1 Upon occurrence of a Contractor’s Contractor Default, the Authority shall, without prejudice to its other rights and & remedies hereunder or in law, be entitled to encash and appropriate the relevant amounts from the Performance Security the amounts due to it as Damages for such Contractor’s the Contractor Default.

Appears in 4 contracts

Samples: And Construction Agreement, And Construction Agreement, And Construction Agreement

Appropriation of Performance Security. (i) 7.3.1 Upon occurrence of a Contractor’s Contractor‟s Default, the Authority shall, without prejudice to its other rights and remedies hereunder or in law, be entitled to encash and appropriate the relevant amounts from the Performance Security as Damages for such Contractor’s Contractor‟s Default.

Appears in 4 contracts

Samples: Procurement and Construction, Draft Contract Agreement, (Engineering Procurement and Construction

Appropriation of Performance Security. (i) 7.3.1 Upon occurrence of a Contractor’s Default, the Authority Employer shall, without prejudice to its other rights and remedies hereunder or in law, be entitled to encash and appropriate the relevant amounts from the Performance Security as Damages for such Contractor’s Default.

Appears in 3 contracts

Samples: Epc Contract Agreement, And Construction Agreement, Contract Agreement for Design and Construction

Appropriation of Performance Security. (i) 7.3.1 Upon occurrence of a Contractor’s 's Default, the Authority Employer shall, without prejudice to its other rights and remedies hereunder or in law, be entitled to encash and appropriate the relevant amounts from the Performance Security as Damages for such Contractor’s 's Default.

Appears in 3 contracts

Samples: Epc Agreement, Epc Agreement, Procurement and Construction

Appropriation of Performance Security. (i) Upon occurrence of a Contractor’s Contractor Default, the Authority shall, without prejudice to its other rights and remedies hereunder or in law, be entitled to encash and appropriate the relevant amounts from the Performance Security as Damages damages for Contractor Default. For the avoidance of doubt, the Parties expressly agree that upon the Performance Security being appropriated, in whole or in part, it shall be deemed to be replenished to the extent of such Contractor’s Defaultappropriation.

Appears in 2 contracts

Samples: Maintain and Manage Contract Agreement, Maintain and Manage Contract Agreement

Appropriation of Performance Security. (i) 7.3.1 Upon occurrence of a Contractor’s Default, the Authority shall, without prejudice to its other rights and remedies hereunder or in law, be entitled to encash invoke and appropriate the relevant amounts from the Performance Security as Damages for such Contractor’s Default.

Appears in 2 contracts

Samples: Draft Contract Agreement, gscl.assam.gov.in

Appropriation of Performance Security. (i) Upon occurrence of a Contractor’s 's Default, the Authority shall, without prejudice to its other rights and remedies hereunder or in law, be entitled to encash and appropriate the relevant amounts from the Performance Security as Damages for such Contractor’s 's Default.

Appears in 2 contracts

Samples: Draft Contract Agreement, nhidcl.com

Appropriation of Performance Security. (i) Upon occurrence of a Contractor’s Contractor‟s Default, the Authority shall, without prejudice to its other rights and remedies hereunder or in law, be entitled to encash and appropriate the relevant amounts from the Performance Security as Damages for such Contractor’s Contractor‟s Default.

Appears in 2 contracts

Samples: Construction Agreement, nhidcl.com

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Appropriation of Performance Security. (i) 7.3.1 Upon occurrence of a Contractor’s Contractor‟s Default, the Authority Employer shall, without prejudice to its other rights and remedies hereunder or in law, be entitled to encash and appropriate the relevant amounts from the Performance Security as Damages for such Contractor’s Contractor‟s Default.

Appears in 1 contract

Samples: Procurement and Construction Agreement

Appropriation of Performance Security. (i) Upon occurrence of a Contractor’s Default, the Authority shall, without prejudice to its other rights and remedies hereunder or in law, be entitled to encash and appropriate the relevant amounts from the Performance Security as Damages for such Contractor’s DefaultDe- fault.

Appears in 1 contract

Samples: Draft Contract Agreement

Appropriation of Performance Security. (i) Upon occurrence of a Contractor’s Default, the Authority shall, without prejudice to its other rights and remedies hereunder or in law, be entitled to encash en cash and appropriate the relevant amounts from the Performance Security as Damages for such Contractor’s Default.

Appears in 1 contract

Samples: Draft Contract Agreement

Appropriation of Performance Security. (i) 7.3.1 Upon occurrence of a Contractor’s Contractor‟s Default, the Authority shall, without prejudice to its other rights and remedies hereunder or in law, be entitled entitl`ed to encash and appropriate the relevant amounts from the Performance Security as Damages for such Contractor’s Contractor‟s Default.

Appears in 1 contract

Samples: Procurement and Construction Agreement

Appropriation of Performance Security. (i) Upon occurrence of a Contractor’s Default, the Authority shall, without prejudice withoutprejudice to its other rights and remedies hereunder or in law, be entitled to encash and appropriate the relevant amounts from the Performance Security as Damages for such Contractor’s Default.

Appears in 1 contract

Samples: Draft Contract Agreement

Appropriation of Performance Security. (i) 7.3.1. Upon occurrence of a Contractor’s Contractor‟s Default, the Authority shall, without prejudice to its other rights and remedies hereunder or in law, be entitled to encash and appropriate the relevant amounts from the Performance Security as Damages for such Contractor’s Contractor‟s Default.

Appears in 1 contract

Samples: Agreement

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