Common use of of ITB Clause in Contracts

of ITB. The proceeds of the Performance Guarantee shall be payable to the Procuring Agency as compensation for any loss resulting from the Service Provider’s failure to complete its obligations under the Contract.

Appears in 3 contracts

Samples: Data Center Maintenance & Support Service Level Agreement (Sla), Services Level Agreement (Sla) for Repair & Maintenance of Air Conditioners, Services Level Agreement (Sla) for Repair & Maintenance of Air Conditioners

AutoNDA by SimpleDocs

of ITB. The proceeds of the Performance Guarantee shall be payable to the Procuring Agency as compensation for any loss resulting from the Service ProviderSupplier’s failure to complete its obligations under the Contract.

Appears in 2 contracts

Samples: Framework Contract, Framework Contract for Procurement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!