CONTRACT PERFORMANCE GUARANTEE Sample Clauses

CONTRACT PERFORMANCE GUARANTEE. We further agree that if our proposal is accepted, we shall provide a Contract Performance Guarantee of value, equivalent to ten percent (10%) of the Contract Price as stipulated in Bid document in the form of Bank Guarantee (Please specify the form of guarantee) in your favour within 30 (Thirty ) days from the date of placement of Letter of Award. Dated..................this.................day of 2019 Thanking you, we remain, Date Yours faithfully, Place (Signature) (Printed Name) (Designation) _ (Common Seal) _ Business Address: Name & Address of Authorized Signatory: ▇.▇▇ Pre-qualification Criteria Supporting Compliance documents 1 The Bids shall be submitted only by the bidder, no consortium is allowed in the bid A certified document by the Authorized Signatory 2 The bidder preferably be a CERT -In empanelled established Information Technology firm/ company/ management consulting firm registered under the Indian Companies Act, 1956 or a partnership firm registered under LLP Act, 2008 and in operation for at least 5 years as on 31.03.2019 and shall have their registered office in India. Valid documentary proof of Certificate of Inc orporation, Certificate of Commencement, Certificate consequent to change of name, if applicable. 3 The bidder should have at least one office in West Bengal or they should establish office in West Bengal within 30 days of placement of order. Address / Self Declaration.

CONTRACT PERFORMANCE GUARANTEE. 3.3.1 The Performance Guarantee furnished under this Agreement shall be for guaranteeing the commencement and continuity of the supply of power up to the Contracted Capacity within the time specified in this Agreement. 3.3.2 The failure on the part of the Seller to furnish and maintain the Contract Performance Guarantee shall be a material breach of the term of this Agreement on the part of the Seller. 3.3.3 If the Seller fails to commence supply of power on the Scheduled Delivery Date specified in this Agreement, the Procurer(s) shall have the right to encash the Contract Performance Guarantee and appropriate in their favour as liquidated damages without prejudice to the other rights of the Procurer(s) under this Agreement.

CONTRACT PERFORMANCE GUARANTEE. 12.1 If Party C is unable to commercialize the manufactured products manufactured by use of the Technology within the fixed deadline as set forth in Article 3.2 hereof, Party C will provide written notice to Party A and Party B and the Parties shall meet and establish a revised Development Plan in accordance with Section 3.2 hereof.

CONTRACT PERFORMANCE GUARANTEE. 3.1 [The Purchaser has submitted to the Seller on or prior to signing of this Agreement, Contract Performance Guarantee (CPG) for an amount computed as per the following formula]7 /[On signing of this agreement, the Commitment Guarantee (CG) provided by the Purchaser prior to issue of Letter of Assurance (LOA) shall stand converted into the Contract Performance Guarantee (CPG) for an amount computed as per the following formula:8 3.2 Accordingly, a sum of Rs. [•] (Indian Rupees ) is deemed to have been deposited by the Purchaser towards the Contract Performance Guarantee amount. [In the event the Commitment Guarantee amount provided by Purchaser is more than the Contract Performance Guarantee amount as determined under this clause, Seller shall return such balance amount within 3 (three) months from the date of signing of this Agreement. In the event, the Contract Performance Guarantee amount as determined under this clause is more than the Commitment Guarantee amount, the Purchaser shall deposit such balance amount within 3 (three) months from the date of signing this agreement. Failure to submit the balance amount by the Purchaser within 3 (three) months from the date of signing of this agreement shall entitle the Seller to adjust the ACQ such that it is commensurate with the Contract Performance Guarantee required to be submitted by the Purchaser under Clause 3]9. 3.3 CPG may be provided in the form of non-interest-bearing security deposit or in the form of bank guarantee. In case the CPG is provided in the form of a bank guarantee, the same shall be provided in the format placed at SCHEDULE II. 3.4 The CPG shall remain valid till 4 (four) months from the date of expiry of the Term of this agreement. In case of extension of the Term of this agreement, the CPG shall be extended accordingly. The CPG shall be returned or refunded to the Purchaser at the end of its validity, subject to successful completion of the Term of this agreement and complete settlement of all claims of the Seller arising out of this Agreement. 3.5 The value of the CPG shall be suitably increased / decreased to match the changes in the Notified Price notified by the Seller from time to time. 3.5.1 In the event of any increase in the Notified Price, the Purchaser may: 3.5.1.1 provide a new bank guarantee issued by any Acceptable Bank for the revised value 7 To retain in case of direct FSA route 8 To retain in case of LOA route 9 To retain in case of LOA route computed as per Clause 3....

CONTRACT PERFORMANCE GUARANTEE. 21.1 As security for the timely fulfillment of the obligations assumed by the Concession Holder under the present Contract, the Concession Holder shall post a guarantee in the amount of US$10 million, which shall be kept in effect throughout the term of the Concession and updated in accordance with the Producer Price Index for Finished Goods, Seasonally Adjusted – Total, published monthly by the Bureau of Labor Statistics of the United States Department of Labor. The posting of this guarantee may not be invoked by the Concession Holder as a means of limiting or avoiding the complete fulfillment of all of the obligations assumed by the Concession Holder under the present Contract. The issuing bank and the terms on which the guarantee is issued and/or renewed must be approved by the Office of the Head of the Cabinet. The aforementioned guarantee may be renewable for successive periods of no less than two years, such renewal to occur no less than 60 days in advance of each expiration date.

CONTRACT PERFORMANCE GUARANTEE. We further agree that if our proposal is accepted, we shall provide a Contract Performance Guarantee of value, equivalent to ten percent (10%) of the Contract Price as stipulated in Bid document in the form of Bank Guarantee (Please specify the form of guarantee) in your favour within 15 (Fifteen) days from the date of placement of Letter of Award. Dated..................this.................day of 2018 Thanking you, we remain, Date Yours faithfully, Place (Signature) (Printed Name) (Designation) (Common Seal) Business Address: Name & Address of Authorized Signatory:

CONTRACT PERFORMANCE GUARANTEE. 14.1. The Service Provider undertakes to constitute the contract performance guarantee representing 10 % of the contract value, i.e. the amount of........................lei (▇▇▇), within 5 working days from the date of signing The performance guarantee related to the contract will have a validity period comprised between the date of its issuance of this contract and the conclusion date of the project’s certificate of acceptance. 14.2. The performance bond may be formed by: guarantee instrument issued by a credit institution in Romania or in another state or by an insurance company, in accordance with the law, bank transfer or successive withholdings of the amounts due for partial invoices. If the guarantee will be set up through warranty instrument, it becomes annex to the contract, and if the security will be set by successive withholdings from the invoices submitted for payment, the Provider is required to open an account available to the Acquirer, at the unit of the State Treasury within the fiscal body competent in its administration, and the initial amount to be deposited by the Provider in the opened account is 0.5% of the contract price, VAT included. 14.3. The Acquirer is entitled to make claims on the performance guarantee within the limit of the inflicted prejudice, if the Service Provider does not execute his obligationsassumed under this contract or if he executes them with delay or improperly. Prior to issuing a claim on the performance bond, the contracting authority has the obligation to notify the claim, both to the contractor and to the issuer of the guarantee document, mentioning the obligations which were not complied with, as well as the calculation of the prejudice. In the case of performance bond, partially or totally, the Provider has the obligation to complete the guarantee as related to the remainder work to perform. 14.4. The performance guarantee will be issued within 14 days from the date of conclusion of the acceptance report to the completion of the works executed on the basis of the respective project, if it has not raised claims on it by that date, but not later than 3

CONTRACT PERFORMANCE GUARANTEE. 16.1. The CONCESSIONAIRE shall provide, and shall maintain, throughout the entire term of the CONCESSION, in accordance with Article 56 of Federal Law no. 8.666/93, a CONTRACT PERFORMANCE GUARANTEE in favor of the STATE, to be provided as follows:

CONTRACT PERFORMANCE GUARANTEE. 4.2.1. Within fifteen days (15) from date of LOA, the Contractor shall furnish Performance Guarantee to the Purchaser amounting to 10% of the accepted Tender Value in the form of Bank guarantee from nationalized bank. The (▇▇▇▇▇▇▇ Money Deposit) EMD shall be returned on submission of the Performance Guarantee of success full bidders.