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:
16.1.1. If the Contractor commits a default under the Contract;
16.1.2. If the Contractor fails to fulfill any of the obligations under the Contract;
16.1.3. If the Contractor violates any of the terms and conditions of the Contract.
16.2 The Contractor shall cause the validity period of the performance security to be extended for such period(s) as the contract performance may be extended. In case the Contractor fails to submit bank guarantee with extended validity period for such period(s) as the contract performance may be extended, an amount equal to 10% of total contract value shall be deducted from the payments to be made against the contract.
16.3 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.
16.4 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. 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.
23.2. In case of failure to supply required services within the specified time period, the Performance Security amount will be forfeited. ASSMS, GCU, Lahore. BIDDER’S SIGNATURE AND STAMP SPECIAL CONDITIONS OF CONTRACT
Forfeiture of Performance Security. In the event the Concessionaire is in default of the due and faithful performance of its obligations under this Agreement during the Concession Period & till such time as vacant possession is handed back to Concessioning Authority, 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. 44.1 The Performance Security shall be forfeited by the Purchaser, on occurrence of any / all of the following conditions:
44.1.1 If the Contractor commits a default under the Contract;
44.1.2 If the Contractor fails to fulfill any of the obligations under the Contract;
44.1.3 If the Contractor violates any of the terms and conditions of the Contract.
44.2 The Contractor shall cause the validity period of the performance security to be extended for such period(s) as the contract performance may be extended.
44.3 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.
44.4 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. The Seller shall be entitled to forfeit / invoke the whole or a part of the Performance Security in the following situations:
Forfeiture of Performance Security. The Performance guarantee shall be forfeited and en-cashed in the following cases:
(a) If the Firm withdraws from the assignment midway during the project term, without completing the project.
(b) If the progress of work is found out to be inadequate midway through the study timeline indicating non achievement of target within the stipulated time.
(c) Any other act or acts of the Firm which renders the assignment incomplete and Government of Uttarakhand establishes sufficient reasons to forfeit the performance guarantee.
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. The Performance Security shall be forfeited and en-cashed in the following cases:
