Common use of Form of Performance Guarantee Clause in Contracts

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.

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 Technicalreviewing the Studies, Economic Reports, Data, Design and Financial Feasibility Study the Tender Documents of RAISING WALLA DAM and its appurtenant structures, modifying and changing them where necessary, and for Preparing the Final Design Report Supervision of Construction and the Final Tender Documents for Raising Maintenance of Wala Dam”RAISING WALLA 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 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 the extension or renewal is needed for this of such guarantee. Issued in …………………………………………………….................................…………… Signature of Guarantor / Bank …………………………………………………........................ Dated ………………………………………………………………………….....….................. Name of Authorized Signatory ………………………………………………………..……….

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 Technicalreviewing the Studies, Economic Reports, Data, Design and Financial Feasibility Study the Tender Documents of Kufranja Dam and its appurtenant structures, modifying and changing them where necessary, and for Preparing the Final Design Report Supervision of Construction and the Final Tender Documents for Raising Maintenance of Wala Kufranja 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 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 the extension or renewal is needed for this of such guarantee. Issued in …………………………………………………….................................…………… Signature of Guarantor / Bank …………………………………………………........................ Dated ………………………………………………………………………….....….................. Name of Authorized Signatory ………………………………………………………..……….

Form of Performance Guarantee. To Messrs: Ministry of Water and Irrigation / Jordan valley Authority- AmmanSESAME-JordanXxxxx-Xxxxxx. 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 Technicalreviewing the Studies, Economic Reports, Data, Design and Financial Feasibility Study the Tender Documents of SESAME Guest House and its appurtenant structures, modifying and changing them where necessary, and for Preparing the Final Design Report and the Final Tender Documents for Raising Supervision of Wala DamConstruction of SESAME Guest House”, 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 SESAME 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 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 , unless SESAME requests the extension or renewal of such guarantee. Issued in ………………………………, extension or renewal …………………….................................…………… Signature of the validity Guarantor / Bank …………………………………………………....................... . Dated ………………………………………………………………………….....….................. Name 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 guaranteeAuthorized Signatory ………………………………………………………..……….