Form of Performance Security Sample Clauses

Form of Performance Security. The forms of the Performance Security and the Operating Security are set forth beginning on the following page. [The remainder of this page has been intentionally left blank.] SCHEDULE D-1 PERFORMANCE SECURITY FORM OF IRREVOCABLE STANDBY LETTER OF CREDIT [Letterhead of Bank] Name of Agency Address Standby Letter of Credit No. Date: Dear Sirs: Know All Men by These Presents that we, [•], a corporation organized and existing under the laws of the Republic of the Philippines (the “Issuer”), hereby establish our Irrevocable Standby Letter of Credit No. [•+ (the “Letter of Credit”) in your favor and for the account of [insert name of the Company] (the “Company”) relating to the obligations of the Company under the [name of Agency] Information and Communications Technology Modernization Agreement dated [•+ (the “Agreement”) between yourselves and the Company. Capitalized terms used in this Letter of Credit shall have the meanings given to them in the Agreement except as otherwise expressly defined herein.
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Form of Performance Security. To: School education Department, Government Of Sindh, GUARANTEE NO (hereinafter referred to as the “Guarantee”) Dated: ........................................ [Insert Name of Bank], being the Guarantee issuing bank (hereinafter referred to as the “Guarantor Bank”) understands that the following parties have entered into an agreement entitled the “Concession Agreement” dated [●], 2017 (hereinafter referred to as the “Agreement”) for the implementation of the Education Management Organizations Project in the Province of Sindh under the public private partnership mode:
Sample 1
Form of Performance Security. The Contractor must provide to the Principal, within 28 days after the Execution Date, an unconditional and irrevocable undertaking of 10% of the Annual Operating Budget for the first Operating Year which must be:
Sample 1
Form of Performance Security. It is the intention of Xxxxxxxxx Township to accept alternative forms of security to act as a performance bond to guarantee performance of the Agreement and any extension thereof, so long as the proffered form of performance security will protect the Township in the event of non-performance by the Township Contracted Hauler over the entire term of the Agreement and any extension thereof. While is it not the intention of Xxxxxxxxx Township to restrict the type of form of security that can be used, the Township Contracted Hauler accepts and acknowledges that the Township’s decision to accept or reject a proposed security will be entirely within the discretion of Xxxxxxxxx Township. In the event Xxxxxxxxx Township has any questions, uncertainly or doubt regarding proposed or provided performance security, the Township Contracted Hauler accepts and acknowledges that the Township in its discretion may request the provision of an alternative performance security.
Sample 1
Form of Performance Security. The performance security must be accept- able to CCC and may be an irrevocable standby letter of credit, a bond, or a certified or cashier’s check. If a stand- by letter of credit is furnished as per- formance security, the opening bank may be a U.S. bank or a foreign bank. If the standby letter of credit is opened by a foreign bank, it must be 100 per- cent confirmed by a U.S. bank. If a bond is furnished as performance secu- rity, the surety(ies) must be among those appearing on the list of approved sureties maintained by the U.S. De- partment of the Treasury. If a cashier’s or certified check is furnished as per- formance security, the bank issuing the cashier’s or certified check must be a U.S. bank.
Sample 1
Form of Performance Security. ‌ (Letter by the Guarantor to the Lessor) Guarantee No. Executed on Name of Guarantor (Scheduled Bank in Pakistan) with address: Name of Principal (Contractor) with address: Penal Sum of Security (express in words and figures) Letter of Acceptance No. Dated KNOW ALL MEN BY THESE PRESENT, that in pursuance of the terms of the Bidding Documents and above said Letter of Acceptance (hereinafter called the Documents) and at the request of the said Principal we, the Guarantor above named, are held and firmly bound unto the (hereinafter called the Lessor) in the penal sum of the amount stated above, for the payment of which sum well and truly to be made to the said Xxxxxx, we bind ourselves, our heirs, executors, administrators and successors, jointly and severally, firmly by these presents. THE CONDITION OF THIS OBLIGATION IS SUCH that whereas the Principal has accepted the Lessor's above said Letter of Acceptance for (Name of Contract) for the (Name of Project).
Sample 1
Form of Performance Security. The form of the Performance Security and Operating Security is set forth beginning on the following page. IRREVOCABLE STANDBY LETTER OF CREDIT [Letterhead of Issuer] [Agency] [Address] Place: [●] Standby Letter of Credit No. [●] Date: [●] Dear Sirs: KNOW ALL MEN BY THESE PRESENTS that we, the Agency, a corporation organized and existing under the laws of the Republic of the Philippines (the “Issuer”), hereby establish our Irrevocable Standby Letter of Credit No. [●] (the “Letter of Credit”) in your favor and for the account of [insert name of Company+ (“Company”) relating to the obligations of Company from the Signature Date until the Provisional Operations Start Date under the Concession Agreement dated [●] (the “Agreement”) between yourselves (the “Agency”) and the Company. Capitalized terms used in this Letter of Credit shall have the meanings given to them in the Agreement except as otherwise expressly defined herein.
Sample 1
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Related to Form of Performance Security

  • Payment of Performance Shares Payment of any Performance Shares that become earned as set forth herein will be made in the form of Common Shares, in cash, or in a combination of the two, as determined in the sole discretion of the Committee. Payment will be made as soon as practicable after the receipt of audited financial statements of the Corporation relating to the last fiscal year of the Performance Period and with respect to Covered Employees, the determination by the Committee of the level of attainment of the Management Objectives. Performance Shares will be forfeited if they are not earned at the end of the Performance Period and, except as otherwise provided in this Agreement, if the Grantee ceases to be employed by the Corporation or a Subsidiary at any time prior to such shares becoming earned.

  • Vesting of Performance Shares As long as you remain employed with PG&E Corporation, the Performance Shares will vest on the first business day of March (the “Vesting Date”) of the third year following the date of grant specified in the cover sheet. Except as described below, all Performance Shares subject to this Agreement that have not vested shall be forfeited upon termination of your employment.

  • Grant of Performance Shares Pursuant to the provisions of the Plan and this Agreement, the Company on the Grant Date has granted and hereby evidences the grant to the Participant, subject to the terms and conditions set forth herein, in the Plan and the Addendum with Additional Country Specific Terms and Conditions attached as Exhibit A, all of which are made part of this Agreement, an award of <shares_awarded> Performance Shares (this “Award”).

  • Suspension of Performance Notwithstanding any other provision hereof, if an Event of Default or a Potential Event of Default has occurred and is continuing, the Non-Defaulting Party, upon written notice to the Defaulting Party, has the right (i) to suspend performance under any or all Transactions and (ii) to the extent an Event of Default has occurred and is continuing, to exercise any remedy available at law or in equity, except as limited be Section 5.7.

  • Timing of Payment of Performance When the payment of any obligation or the performance of any covenant, duty or obligation is stated to be due or performance required on a day which is not a Business Day, the date of such payment (other than as described in the definition of Interest Period) or performance shall extend to the immediately succeeding Business Day.

  • Grant of Performance Stock Units Subject to the terms of this Agreement, and the Incentive Plan, effective as of the Grant Date the Participant is hereby granted [Number] Performance Stock Units (the “Target Performance Units”). This Award contains the right to dividend equivalents (“Dividend Equivalents”) with respect to Earned Performance Units (as defined in Section 3(a)) as described in Section 4. Each Performance Stock Unit awarded hereunder shall become earned and vested as described in Section 3 and each Earned Performance Unit (and associated Earned Dividend Equivalents thereon as described in Section 4) shall be settled in accordance with Section 5.

  • Prevention of Performance The Custodian will not be responsible for any failure to perform any of its obligations (nor will it be responsible for any unavailability of funds credited to the Cash Account) if such performance is prevented, hindered or delayed by a Force Majeure Event, in such case its obligations will be suspended for so long as the Force Majeure Event continues. “Force Majeure Event” means any event due to any cause beyond the reasonable control of the Custodian, such as restrictions on convertibility or transferability, requisitions, involuntary transfers, unavailability of communications system, sabotage, fire, flood, explosion, acts of God, civil commotion, strikes or industrial action of any kind, riots, insurrection, war or acts of government.

  • 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.

  • Grant of Performance Units Capital One hereby grants to you an award of Units with a Target Award, as indicated on the Grant Notice. The maximum payout for this award is 150% of the Target Award plus accrued dividends pursuant to Section 6. The Units shall vest and the underlying shares of common stock of Capital One, $.01 par value per share (such underlying shares, the “Shares”), shall be issuable only in accordance with the provisions of this Agreement and the Plan.

  • Grant of Performance Share Units The Company hereby grants to the Participant the Target Number of PSUs Granted, effective as of the Date of Award and subject to the terms and conditions of the Plan and this Award Agreement. Each PSU represents the unsecured right to receive a number of Shares, if any, in accordance with the terms and conditions of this Award Agreement. The Participant shall not be required to pay any additional consideration for the issuance of the Shares, if any, upon settlement of the PSUs.

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