Operation Performance Security Sample Clauses

Operation Performance Security. The Concessionaire shall, for the performance of its obligations hereunder during the Operation Period, provide to the Authority no later than 30 (thirty) days from the date of issue of Completion Certificate by Independent Monitor[s], an irrevocable and unconditional guarantee from a Bank for a sum equivalent to [Rs. [●] (Rupees [●])]15 in the form set forth in Schedule-F (the “Operation Performance Security”). Until such time the Operation Performance Security is provided by the Concessionaire pursuant hereto and the same comes into effect, the Construction Performance Security shall remain in force and effect, and upon such provision of the Operation Performance Security pursuant hereto, the Authority shall release the Construction Performance Security to the Concessionaire.
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Operation Performance Security. (a) The Concessionaire shall, for the performance of its obligations hereunder during the Operation Period, provide to the Authority at least 30 (thirty) days prior to the Scheduled Completion Date of Phase-I, an irrevocable and unconditional guarantee from a Bank for an amount as specified in Schedule 9 and in the form set forth in Schedule 9 (the “Operation Performance Security”), which shall be notionally revised on each anniversary of the COD of Phase-I in accordance with the following formula (the “Notional Operation Performance Security”): Notional Operation Performance Security for any year ‘n’ = [Value of the Operation Performance Security in year ‘n-1’] x [Applicable escalation index for year ‘n’ arrived at in accordance with the Inflation Index Formula]
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Operation Performance Security. (Clause 9.2.1) • The Concessionaire has to submit an operational performance security (in form of bank guarantee) at least 30 days prior to the Scheduled Completion Date of Phase I. • The amount of Operation Performance Security has to be notionally revised annually on each anniversary of the COD of Phase I in accordance with the Inflation Index Formula. • Every 5 years, the Concessionaire has to submit a fresh bank guarantee for the amount equal to notional value of the performance security for that year. Sl No. Location District Amount in INR Crores 1 Jeypore Koraput 4.10 2 Puri Puri 2.30 3 Bolangir Bolangir 4.10 4 Jharsuguda Jharsuguda 2.30 5 Angul Angul 4.10 6 Barbil Keonjhar 4.10 7 Bhawanipatna Kalahandi 2.30 8 Bhadrak Bhadrak 2.30 9 Rayagada Rayagada 2.30 10 Phulbani Kandhamal 2.30 11 Boudh Boudh 2.30 12 Nuapada/Khariar Nuapada 2.30 13 Malkangiri Malkangiri 2.30 14 Nabarangpur Nabarangpur 2.30 15 Subarnapur Subarnapur 2.30 16 Paralakhemundi Gajapati 2.30 Sl No. Location District Amount in INR Crores 17 Rairangpur Mayurbhanj 2.30 18 Kendrapara Kendrapara 2.30 19 Kamakhyanagar Dhenkanal 2.30 20 Nayagarh Nayagarh 2.30 21 Deogarh Deogarh 2.30 22 Bargarh Bargarh 2.30 23 Jagatsinghpur Jagatsinghpur 2.30 24 Kalinganagar Jajpur 2.30 25 Rourkela Sundargarh 2.30 Sl No. Location District Amount in INR Crores 1 Jeypore Koraput 2.00 2 Puri Puri 1.40 3 Bolangir Bolangir 2.00 4 Jharsuguda Jharsuguda 1.40 5 Angul Angul 2.00 6 Barbil Keonjhar 2.00 7 Bhawanipatna Kalahandi 1.40 8 Bhadrak Bhadrak 1.40 0 Xxxxxxxx Xxxxxxxx 0.00 10 Phulbani Kandhamal 1.40 11 Boudh Boudh 1.40 12 Nuapada/Khariar Nuapada 1.40 13 Malkangiri Malkangiri 1.40 14 Nabarangpur Nabarangpur 1.40 15 Subarnapur Subarnapur 1.40 16 Paralakhemundi Gajapati 1.40 Sl No. Location District Amount in INR Crores 17 Rairangpur Mayurbhanj 1.40 18 Kendrapara Kendrapara 1.40 19 Kamakhyanagar Dhenkanal 1.40 20 Nayagarh Nayagarh 1.40 21 Deogarh Deogarh 1.40 22 Bargarh Bargarh 1.40 23 Jagatsinghpur Jagatsinghpur 1.40 24 Kalinganagar Jajpur 1.40 25 Rourkela Sundargarh 1.40 ADDITIONAL CAPACITY (CLAUSE 12.5.1, DCA) • Anytime during the concession period, the Concessionaire may construct additional capacity exceeding the current envisaged bed capacity with the prior approval of the Authority. • In the event that the Authority grants approval for additional beds, the provisions of the Agreement may be required to be amended to provide for such approved additional capacity, including but not limited to, the provisions relat...
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Operation Performance Security. 20.4.1 No later than thirty (30) days prior to the commencement of the initial term as described in subsection 30.2.1, the DBO Contractor shall deliver to the Owner Operations Performance Security in the form of a demand letter of credit in favour of the Owner in an amount equal to the estimated Operating Fee for a period of six (6) months for the coming year. Such letter of credit must be in a form acceptable to the Owner and be issued by a bank or financial institution having a credit rating of “A” or better with Standard & Poor’s or “A2” or better with Xxxxx’x Investor Services, and shall contain, as an attachment, the form of draw certificate which will contain a statement that the Owner is entitled to draw on it under the terms of this Agreement.
Sample 1
Operation Performance Security. 20.4.1 No later than thirty (30) days prior to the commencement of the initial term as described in subsection 30.2.1, the DBO Contractor shall deliver to the Owner Operations Performance Security effective as of the Service Commencement Date in the form of a demand letter of credit in favour of the Owner in an amount equal to the estimated Total Annual Operating Fee for a period of three (3) months for the coming year. Such letter of credit must be in a form acceptable to the Owner and be issued by a bank or financial institution having a credit rating of “A” or better with Standard & Poor’s or “A2” or better with Xxxxx’x Investor Services, and shall contain, as an attachment, the form of draw certificate which will contain a statement that the Owner is entitled to draw on it under the terms of this Agreement.
Sample 1

Related to Operation Performance Security

  • Performance Security If our Tender is accepted, we commit to obtain a performance security in accordance with the Tendering document;

  • Acceptance/Performance Test 4.7.1 Prior to synchronization of the Power Project, the SPD shall be required to get the Project certified for the requisite acceptance/performance test as may be laid down by Central Electricity Authority or an agency identified by the central government to carry out testing and certification for the solar power projects.

  • Ongoing Performance Measures The Department intends to use performance-reporting tools in order to measure the performance of Contractor(s). These tools will include the Contractor Performance Survey (Exhibit H), to be completed by Customers on a quarterly basis. Such measures will allow the Department to better track Vendor performance through the term of the Contract(s) and ensure that Contractor(s) consistently provide quality services to the State and its Customers. The Department reserves the right to modify the Contractor Performance Survey document and introduce additional performance-reporting tools as they are developed, including online tools (e.g. tools within MFMP or on the Department's website).

  • Appropriation of Performance Security Upon occurrence of a Concessionaire Default, the Authority shall, without prejudice to its other rights and remedies hereunder or in law, be entitled to invoke, encash and appropriate the relevant amounts from the Performance Security as Damages for such Concessionaire Default. Upon such invocation, encashment and appropriation from the Performance Security, the Concessionaire shall, within [30 (thirty)] days thereof, replenish, in case of partial appropriation, to its original level the Performance Security, and in case of appropriation of the entire Performance Security provide a fresh Performance Security, as the case may be, and the Concessionaire shall, within the time so granted, replenish or furnish fresh Performance Security as aforesaid failing which the Authority shall be entitled to terminate this Agreement in accordance with Article 37. Upon replenishment or furnishing of a fresh Performance Security, as the case may be, as aforesaid, the Concessionaire shall be entitled to an additional Cure Period of [90 (ninety)] days for remedying the Concessionaire Default, and in the event of the Concessionaire not curing its default within such Cure Period, the Authority shall be entitled to invoke, encash and appropriate such Performance Security as Damages, and to terminate this Agreement in accordance with Article 37.

  • 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.

  • Performance Pay In accordance with Section 8 of the General Appropriations Act for Fiscal Year 2020-2021, contingent upon the availability of funds and at the Agency Head’s discretion, each agency is authorized to grant merit pay increases based on the employee’s exemplary performance, as evidenced by a performance evaluation conducted pursuant to Rule 60L-35, Florida Administrative Code.

  • Performance Framework Service Agreements are a central component of the NSW Health Performance Framework, which documents how the Ministry monitors and assesses the performance of public sector health services to achieve expected service levels, financial performance, governance and other requirements. The performance of a health service is assessed on whether the organisation is meeting the strategic objectives for NSW Health and government, the Premier’s Priorities and performance against key performance indicators. The availability and implementation of governance structures and processes, and whether there has been a significant critical incident or sentinel event also influences the assessment. The Framework sets out responses to performance concerns and management processes that support the achievement of outcomes in accordance with NSW Health and government policies and priorities. Performance concerns will be raised with the Organisation for focused discussion at performance review meetings in line with the NSW Health Performance Framework available at: xxxx://xxx.xxxxxx.xxx.xxx.xx/Xxxxxxxxxxx/Xxxxx/xxxxxxxxxx.xxxx Legislation, governance and performance framework 2021–22 Service Agreement 6

  • Rating of Overall Educator Performance The Educator’s overall performance rating is based on the Evaluator’s professional judgment and examination of evidence of the Educator’s performance against the four Performance Standards and the Educator’s attainment of goals set forth in the Educator Plan, as follows:

  • Performance Frameworks ‌ The School's academic, organizational, and financial performance under this Charter Contract shall be evaluated using the Academic, Organizational, and Financial Performance Frameworks, respectively, attached as Exhibit B to this Charter Contract. The specific terms, forms, and requirements of the Performance Frameworks, including any required indicators, measures, metrics, and targets, are maintained and disseminated by the Commission and shall be binding on the School. Material changes to the Performance Frameworks shall require approval by the Commission.

  • CONTRACTOR PERFORMANCE AUDIT The Contractor shall allow the Authorized User to assess Contractor’s performance by providing any materials requested in the Authorized User Agreement (e.g., page load times, response times, uptime, and fail over time). The Authorized User may perform this Contractor performance audit with a third party at its discretion, at the Authorized User’s expense. The Contractor shall perform an independent audit of its Data Centers, at least annually, at Contractor expense. The Contractor will provide a data owner facing audit report upon request by the Authorized User. The Contractor shall identify any confidential, trade secret, or proprietary information in accordance with Appendix B, Section 9(a), Confidential/Trade Secret Materials.

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