Common use of Performance Guarantee and Penalties Clause in Contracts

Performance Guarantee and Penalties. 5.1 The Service Provider shall furnish a performance guarantee for an amount of INR. 20,00,000/- (Twenty Lakh Only) from a Scheduled Commercial Bank other than State Bank of India in a format provided/ approved by the Bank.

Appears in 6 contracts

Samples: Service Level Agreement, Service Level Agreement, Service Level Agreement

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Performance Guarantee and Penalties. 5.1 The Service Provider shall furnish a performance guarantee for an amount of INR. 20,00,000/- 10,00,000/- (Twenty Ten Lakh Only) from a Scheduled Commercial Bank other than State Bank of India in a format provided/ approved by the Bank.

Appears in 1 contract

Samples: Service Level Agreement

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