Forfeiture of Performance Security. If the Contractor fails / delays in performance of any of the obligations, under the Contract / violates any of the provisions of the Contract / commits breach of any of the terms and conditions of the Contract the Purchaser may, without prejudice to any other right of action / remedy it may have, forfeit Performance Security of the Contractor. Failure to supply required items/services within the specified time period will invoke penalty as specified in this document. In addition to that, Performance Security amount will be forfeited and the company will not be allowed to participate in future tenders as well.
Forfeiture of Performance Security. 16.1 The Performance Security shall be forfeited by the Purchaser, on occurrence of any / all of the following conditions:
Forfeiture of Performance Security. If the Contractor fails / delays in performance of any of the obligations, under the Contract / violates any of the provisions of the Contract / commits breach of any of the terms and conditions of the Contract the Purchaser may, without prejudice to any other right of action / remedy it may have, forfeit Performance Security of the Contractor.
Forfeiture of Performance Security. 23.1. If the Contractor fails / delays in performance of any of the obligations, under the Contract / violates any of the provisions of the Contract / commits breach of any of the terms and conditions of the Contract the Purchaser may, without prejudice to any other right of action / remedy it may have, forfeit Performance Security of the Contractor.
Forfeiture of Performance Security. The Performance guarantee shall be forfeited and en-cashed in the following cases:
Forfeiture of Performance Security. In the event the Concessionaire is in default of the due and faithful performance of its obligations under this Agreement, the Concessioning Authority shall, without prejudice to its other rights and remedies hereunder or at Law, be entitled to call in, retain and appropriate the Performance Security.
Forfeiture of Performance Security. In the event of the Operator’s Event of Default, the Authority shall, without prejudice to its other rights and remedies hereunder or under Applicable Law, be entitled to invoke, retain and appropriate the Performance Security.
Forfeiture of Performance Security. (i) When any of the terms and conditions of the contract is infringed.
Forfeiture of Performance Security. Deposit (PSD): PSD amount in full or part may be forfeited, including interest, if any, in the following cases:-
Forfeiture of Performance Security. The Seller shall be entitled to forfeit / invoke the whole or a part of the Performance Security in the following situations:
