Form of Performance Guarantee Sample Clauses

Form of Performance Guarantee. To Messrs: Ministry of Water and Irrigation / Jordan valley Authority- Amman-Jordan. We have the pleasure to inform you that our Bank has guaranteed by financial guarantee, The consultant, Messrs...........................…………………..............................................................………………… ............................................................................................................................... for the sum of JD...........................................................................……........................................................................ As a performance guarantee for Tender No.................……............................................................….. for the project of “Providing Consultancy Services for Preparing Technical, Economic and Financial Feasibility Study and for Preparing the Final Design Report and the Final Tender Documents for Raising of Wala Dam”, as a performance Guarantee to ensure the execution and completion of the Consulting Services pertaining to the aforementioned project as required in the contract Agreement between the Jordan Valley Authority and the Consultant. We undertake to deposit with you the said amount or any part thereof upon your first demand without warning or reservation or any other condition, and not withstanding any objection on the part of the Consultant, but stating the reasons the Consultant has failed or refused to carry out his obligations in accordance with the Contract Agreement. This Guarantee shall remain valid as of the date of its issuance until the final completion of the services under Contract Agreement, which is reckoned to be in the day ...............month of ……………… in the year ……………, extension or renewal of the validity of this guarantee should be automatically extended or renewed unless the Jordan Valley Authority requests that no longer extension or renewal is needed for this guarantee.
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Form of Performance Guarantee. (To be stamped in accordance with Stamp Act if any, of the country for issuing bank) Ref.: Bank Guarantee: Date: Dear Xxx, In consideration of M/s National Capital Region Planning Board, 1st Floor, Core 4-B, India Habitat Centre, Lodhi Road, New Delhi (hereinafter referred as the ‘Client’, which expression shall, unless repugnant to the context of meaning thereof include its successors, administrators and assigns) having awarded to M/s (hereinafter referred to as the ‘Consultant’ which expression shall unless repugnant to the context of meaning thereof, include its successors, administrators, executors and assigns), a Contract by issue of Client’s Contract Agreement No. ------------ dated --------- and the same having been unequivocally accepted by the Consultant, resulting in a Contract valued at Rs. (in words and figures) including such taxes, duties and other impositions as may be levied under the statutory laws, the amount of which is deemed to have been included in the Contract Price as applicable for preparation of Functional Plan on (hereinafter called the ‘Contract’) and the Client having agreed to make payment to the Consultant for performance of the above Contract as per the contract for consultancy service against Bank Guarantee to be furnished by the Consultant as security for the performance of the Consultant’s obligation and/ or discharge of the Consultant’s liabilities under / and/or in connection with the said contract. We (name of the Bank) having its Head Office at (hereinafter referred to as the Bank), which expression shall, unless repugnant to the context or meaning thereof, include its successors, administrators executors and assigns) do hereby guarantee and undertake to pay the Client immediately on demand in writing all amounts demanded by the Client with reference to this guarantee/undertaking to the extent of Rs as aforesaid at any time (upto 10% of the contract amount) without any demur, reservation, contest, recourse or protest and/or without any reference to the Consultant. Any such demand made by the Client on the Bank shall be conclusive and binding notwithstanding any difference between the Client and the Consultant or any dispute pending before any Court, Tribunal, Arbitrator or any other authority. We agree that the guarantee herein contained shall be irrevocable and shall continue to be enforceable till the Client discharges this guarantee. And the Bank hereby further agrees as follows:
Sample 1
Form of Performance Guarantee. PERFORMANCE GUARANTEE For use with the General Conditions of Contract for Construction Works, Third Edition, 2015. GUARANTOR DETAILS AND DEFINITIONS "Guarantor" means: ................................................................................................................................................... "Physical address: ....................................................................................................................................................
Sample 1

Related to Form of Performance Guarantee

  • Assessment of Performance The assignment of a teacher to a TLS position will be subject to review by the school district’s administration at least annually. The first review must be completed no later than five (5) work days before the beginning of the transfer process. The review shall include peer feedback on the effectiveness of the teacher’s performance of duty specific to the teacher’s TLS position. A teacher who completes an assignment in a TLS position may apply for assignment to a new TLS position.

  • Manner of Performance Subject to the provisions of Article XII hereof, the Contractor shall perform all of the Work described in the Statement of Work, or cause such Work to be performed in an efficient and expeditious manner and in accordance with all of the terms and provisions of this Agreement. The Contractor shall perform the Work in accordance with the current professional standards and with the diligence and skill expected for the performance of work of the type described in the Statement of Work. The Contractor shall furnish such personnel and shall procure such materials, machinery, supplies, tools, equipment and other items as may reasonably be necessary or appropriate to perform the Work in accordance with this Agreement.

  • Commencement of Performance This Agreement is of no force and effect until signed by both parties and all JBE-required approvals are secured. Any commencement of performance prior to Agreement approval shall be at Contractor's own risk.

  • Continuity of Performance In the event of a dispute between the Party and the State, each party will continue to perform its obligations under this Agreement during the resolution of the dispute until this Agreement is terminated in accordance with its terms.

  • Schedule of Performance Consultant shall commence the services pursuant to this Agreement upon receipt of a written notice to proceed and shall perform all services within the time period(s) established in the “Schedule of Performance” attached hereto as Exhibit “D” and incorporated herein by this reference. When requested by the Consultant, extensions to the time period(s) specified in the Schedule of Performance may be approved in writing by the Contract Officer but not exceeding one hundred eighty (180) days cumulatively.

  • Prohibition of Performance Requirements 1. The provisions of the Agreement on Trade-Related Investment Measures in Annex 1A to the WTO Agreement (TRIMs), which are not specifically mentioned in or modified by this Agreement, shall apply, mutatis mutandis, to this Agreement.

  • Release of Performance Security (i) The Authority shall return the Performance Security to the Contractor within 60 (sixty) days of the expiry of the Maintenance Period or the Defects Liability Period, whichever is later, under this Agreement. Notwithstanding the aforesaid, the Parties agree that the Authority shall not be obliged to release the Performance Security until all Defects identified during the Defects Liability Period have been rectified.

  • Resumption of Performance During the period that a Force Majeure Event is subsisting, the Affected Party shall, in consultation with the other Parties, make all reasonable efforts to limit or mitigate the effects of such Force Majeure Event on the performance of its obligations under the PPA. The Affected Party shall also make efforts to resume performance of its obligations under this Agreement as soon as possible and upon resumption, shall notify other Parties of the same in writing. The other Parties shall afford all reasonable assistance to the Affected Party in this regard.

  • Monitoring of Performance Vendor shall continuously monitor and record its performance to ensure that all of Vendor's responsibilities and obligations hereunder are being met and fulfilled. Citizens may conduct programmatic and other administrative contract monitoring during the term of this Agreement. The purpose of this monitoring is to ensure that all of Vendor's responsibilities and obligations are being met and fulfilled. Such monitoring may include on-site visits, report reviews, invoice reviews, compliance reviews, and a review of any other areas reasonably necessary. Vendor acknowledges and agrees that Citizens may also monitor and record Vendor Staff communications to the extent they occur within or are connected to any Citizens’ resource, such as electronic or telecommunications systems.

  • Evaluation of Performance School, in conjunction with Company personnel, is responsible for and shall make arrangements for evaluating Student’s performance during the clinical program.

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