Common use of Performance Security Clause in Contracts

Performance Security. 18.1 If required as specified in the SCC, the Supplier shall, within twenty-eight (28) days of the notification of contract award, provide a performance security for the performance of the Contract in the amount specified in the SCC. 18.2 The proceeds of the Performance Security shall be payable to the Procuring Entity as compensation for any loss resulting from the Supplier's failure to complete its obligations under the Contract. 18.3 As specified in the SCC, the Performance Security, if required, shall be denominated in the currency(ies) of the Contract, or in a freely convertible currency acceptable to the Procuring Entity; and shall be in one of the formats stipulated by the Procuring Entity in the SCC, or in another format acceptable to the Procuring Entity. 18.4 The Performance Security shall be discharged by the Procuring Entity and returned to the Supplier not later than thirty (30) days following the date of Completion of the Supplier's performance obligations under the Contract, including any warranty obligations, unless specified otherwise in the SCC.

Appears in 101 contracts

Samples: Framework Agreement, Framework Agreement, Framework Agreement for Provision of Hotel, Accommodation and Conference Facilities

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Performance Security. 18.1 If required as specified in the SCC, the Supplier shall, within twenty-eight (28) days of the notification of contract award, provide a performance security for the performance of the Contract in the amount specified in the SCC. 18.2 . The proceeds of the Performance Security shall be payable to the Procuring Entity as compensation for any loss resulting from the Supplier's failure to complete its obligations under the underthe Contract. 18.3 . As specified in the SCC, the Performance Security, if required, shall be denominated in the currency(ies) of the Contract, or in a freely convertible currency acceptable to the Procuring Entity; and shall be in one of the formats stipulated by the Procuring Entity in the SCC, or in another format acceptable to the Procuring Entity. 18.4 . The Performance Security shall be discharged by the Procuring Entity and returned to the Supplier not later than thirty (30) days following the date of Completion of the Supplier's performance obligations under the Contract, including any warranty obligations, unless specified otherwise in the SCC.

Appears in 12 contracts

Samples: Tender Agreement, Framework Agreement, Tender Agreement

Performance Security. 18.1 If required as specified specified in the SCC, the Supplier shall, within twenty-eight (28) days of the notification notification of contract award, provide a performance security for the performance of the Contract in the amount specified specified in the SCC. 18.2 The proceeds of the Performance Security shall be payable to the Procuring Entity as compensation for any loss resulting from the Supplier's failure to complete its obligations under the Contract. 18.3 As specified specified in the SCC, the Performance Security, if required, shall be denominated in the currency(ies) of the Contract, or in a freely convertible currency acceptable to the Procuring Entity; and shall be in one of the formats stipulated by the Procuring Entity in the SCC, or in another format acceptable to the Procuring Entity. 18.4 The Performance Security shall be discharged by the Procuring Entity and returned to the Supplier not later than thirty (30) days following the date of Completion of the Supplier's performance obligations under the Contract, including any warranty obligations, unless specified specified otherwise in the SCC.

Appears in 7 contracts

Samples: Framework Agreement, Framework Contract, Framework Agreement for Supply of Personal Protective Equipment (Ppes)

Performance Security. 18.1 If required as specified in the SCC, the Supplier shall, within twenty-eight (28) days of the notification of contract award, provide a performance security for the performance of the Contract in the amount specified in the SCC. 18.2 . The proceeds of the Performance Security shall be payable to the Procuring Entity as compensation for any loss resulting from the Supplier's failure to complete its obligations under the Contract. 18.3 . As specified in the SCC, the Performance Security, if required, shall be denominated in the currency(ies) of the Contract, or in a freely convertible currency acceptable to the Procuring Entity; and shall be in one of the formats stipulated by the Procuring Entity in the SCC, or in another format acceptable to the Procuring Entity. 18.4 . The Performance Security shall be discharged by the Procuring Entity and returned to the Supplier not later than thirty (30) days following the date of Completion of the Supplier's performance obligations under the Contract, including any warranty obligations, unless specified otherwise in the SCC.

Appears in 5 contracts

Samples: Tender Agreement, Framework Contract, Tender Agreement

Performance Security. 18.1 If required as specified in the SCC, the Supplier shall, within twenty-eight (28) days of the notification of contract award, provide a performance security for the performance of the Contract in the amount specified in the SCC. 18.2 The proceeds of the Performance Security shall be payable to the Procuring Entity as compensation for any loss resulting from the Supplier's failure to complete its obligations under the Contract. 18.3 As specified in the SCC, the Performance Security, if required, shall be denominated in the currency(ies) of the Contract, or in a freely convertible currency acceptable to the Procuring Entity; and Entity;and shall be in one of the formats stipulated by the Procuring Entity in the SCC, or in another format acceptable to the Procuring Entity. 18.4 The Performance Security shall be discharged by the Procuring Entity and returned to the Supplier not later than thirty (30) days following the date of Completion of the Supplier's performance obligations under the Contract, including any warranty obligations, unless specified otherwise in the SCC.

Appears in 3 contracts

Samples: Framework Agreement, Supply and Delivery Agreement, Framework Agreement

Performance Security. 18.1 18.1. If required as specified in the SCC, the Supplier shall, within twenty-eight (28) days of the notification of contract award, provide a performance security for the performance of the Contract in the amount specified in the SCC. 18.2 18.2. The proceeds of the Performance Security shall be payable to the Procuring Entity as compensation for any loss resulting from the Supplier's failure to complete its obligations under the Contract. 18.3 18.3. As specified in the SCC, the Performance Security, if required, shall be denominated in the currency(ies) of the Contract, or in a freely convertible currency acceptable to the Procuring Entity; and shall be in one of the formats stipulated by the Procuring Entity in the SCC, or in another format acceptable to the Procuring Entity. 18.4 18.4. The Performance Security shall be discharged by the Procuring Entity and returned to the Supplier not later than thirty (30) days following the date of Completion of the Supplier's performance obligations under the Contract, including any warranty obligations, unless specified otherwise in the SCC.

Appears in 2 contracts

Samples: Framework Agreement, Tender Agreement

Performance Security. 18.1 If required as specified in the SCC, the Supplier shall, within twenty-eight (28) days of the notification of contract award, provide a performance security for the performance of the Contract in the amount specified in the SCC. 18.2 The proceeds of the Performance Security shall be payable to the Procuring Entity as compensation for any loss resulting from the Supplier's failure to complete its obligations under the Contract. 18.3 As specified in the SCC, the Performance Security, if required, shall be denominated in the currency(ies) of the Contract, or in a freely convertible currency acceptable to the Procuring Entity; and shall be in one of the formats stipulated by the Procuring Entity in the SCC, or in another format acceptable to the tothe Procuring Entity. 18.4 The Performance Security shall be discharged by the Procuring Entity and returned to the Supplier not later than thirty (30) days following the date of Completion of the Supplier's performance obligations under the Contract, including any warranty obligations, unless specified otherwise in the SCC.

Appears in 2 contracts

Samples: Framework Agreement, Framework Agreement

Performance Security. 18.1 If required as specified in the SCC, the Supplier shall, within twenty-eight (28) days Days of the notification of contract award, award provide a performance security for the performance of the Contract in the amount specified in the SCC. 18.2 . The proceeds of the Performance Security shall be payable to the Procuring Entity as compensation for any loss resulting from the Supplier's failure to complete its obligations under the Contract. 18.3 . As specified in the SCC, the Performance Security, if required, shall be denominated in the currency(ies) of the Contract, or in a freely convertible currency acceptable to the Procuring Entity; and shall be in one of the formats stipulated by the Procuring Entity in the SCC, or in another format acceptable to the Procuring Entity. 18.4 . The Performance Security shall be discharged by the Procuring Entity and returned to the Supplier not later than thirty (30) days following the date of Completion of the Supplier's performance obligations under the Contract, including any warranty obligations, unless specified otherwise in the SCC.

Appears in 2 contracts

Samples: Framework Agreement, Framework Agreement

Performance Security. 18.1 If required as specified in the SCC, the Supplier shall, within twenty-eight (28) days of the notification of contract award, provide a performance security for the performance of the Contract in the amount specified in the SCC. 18.2 The proceeds of the Performance Security shall be payable to the Procuring Entity as compensation for any loss resulting from the Supplier's failure to complete its obligations under the Contract. 18.3 As specified in the SCC, the Performance Security, if required, shall be denominated in the currency(ies) of the Contract, or in a freely convertible currency acceptable to the Procuring Entity; and shall be in one of the formats stipulated by the Procuring Entity in the inthe SCC, or in another format acceptable to the Procuring Entity. 18.4 The Performance Security shall be discharged by the Procuring Entity and returned to the Supplier theSupplier not later than thirty (30) days following the date of Completion of the Supplier's performance Supplier'sperformance obligations under the Contract, including any warranty obligations, unless specified otherwise in the SCC.

Appears in 1 contract

Samples: Framework Agreement for Supply and Delivery of Working Tools

Performance Security. 18.1 18.1. If required as specified in the SCC, the Supplier shall, within twenty-eight (28) days of the notification of contract award, provide a performance security for the performance of the Contract in the amount specified in the SCC. 18.2 18.2. The proceeds of the Performance Security shall be payable to the Procuring Entity as compensation for any loss resulting from the Supplier's failure to complete its obligations under the Contract. 18.3 18.3. As specified in the SCC, the Performance Security, if required, shall be denominated in the currency(ies) of the Contract, or in a freely convertible currency acceptable to the Procuring Entity; and shall be in one of the formats stipulated by the Procuring Entity in the SCC, or in another format acceptable to the Procuring Entity. 18.4 18.4. The Performance Security shall be discharged by the Procuring Entity and returned to the Supplier not later than thirty (30) days following the date of Completion of the Supplier's performance obligations under the Contract, including any warranty obligations, unless specified otherwise in the SCC.the

Appears in 1 contract

Samples: Framework Agreement

Performance Security. 18.1 If required as specified in the SCC, the Supplier shall, within twenty-eight (28) days of the notification of contract award, provide a performance security for the performance of performanceof the Contract in the amount specified in the SCC. 18.2 The proceeds of the Performance Security shall be payable to the Procuring Entity as compensation for any loss resulting from the Supplier's failure to complete its obligations under the Contract. 18.3 As specified in the SCC, the Performance Security, if required, shall be denominated in the currency(iescurrency (ies) of the Contract, or in a freely convertible currency acceptable to the Procuring Entity; and shall be in one of the formats stipulated by the Procuring Entity ProcuringEntity in the SCC, or in another format acceptable to the Procuring Entity. 18.4 The Performance Security shall be discharged by the Procuring Entity and returned to the Supplier not later than thirty (30) days following the date of Completion of the Supplier's performance obligations under the Contract, including any warranty obligations, unless specified otherwise in the SCC.

Appears in 1 contract

Samples: Framework Agreement

Performance Security. 18.1 If required as specified in the SCC, the Supplier shall, within twenty-eight (28) days of the notification of contract award, provide a performance security for the performance of the Contract in the amount specified in the SCC. 18.2 The proceeds of the Performance Security shall be payable to the Procuring Entity as compensation for any loss resulting from the Supplier's failure to complete its obligations under the Contract. 18.3 As specified in the SCC, the Performance Security, if required, shall be denominated in the currency(ies) of the Contract, or in a freely convertible currency acceptable to the Procuring Entity; and Entity;and shall be in one of the formats stipulated by the Procuring Entity in the SCC, or in another format acceptable to the Procuring Entity. 18.4 The Performance Security shall be discharged by the Procuring Entity and returned to the Supplier not Suppliernot later than thirty (30) days following the date of Completion of the Supplier's performance obligations under the Contract, including any warranty obligations, unless specified otherwise in the SCCtheSCC.

Appears in 1 contract

Samples: Framework Agreement

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Performance Security. 18.1 18.1. If required as specified in the SCC, the Supplier shall, within twenty-eight (28) days of the notification of contract award, provide a performance security for the performance of the Contract in the amount specified in the SCC. 18.2 18.2. The proceeds of the Performance Security shall be payable to the Procuring Entity as compensation for any loss resulting from the Supplier's failure to complete its obligations under the Contract. 18.3 18.3. As specified in the SCC, the Performance Security, if required, shall be denominated in the currency(ies) of the Contract, or in a freely convertible currency acceptable to the Procuring EntityProcuringEntity; and shall be in one of the formats stipulated by the Procuring Entity in the SCC, or in xxxx another format acceptable to the Procuring Entity. 18.4 18.4. The Performance Security shall be discharged by the Procuring Entity and returned to the Supplier theSupplier not later than thirty (30) days following the date of Completion of the Supplier's performance Supplier'sperformance obligations under the Contract, including any warranty obligations, unless specified otherwise in the SCC.

Appears in 1 contract

Samples: Framework Agreement

Performance Security. 18.1 If required as specified in the SCC, the Supplier shall, within twenty-eight (28) days of the notification of contract Framework award, provide a performance security for the performance of the Contract Framework in the amount specified in the SCC. 18.2 The proceeds of the Performance Security shall be payable to the Procuring Entity as compensation for any loss resulting from the Supplier's failure to complete its obligations under the ContractFramework. 18.3 As specified in the SCC, the Performance Security, if required, shall be denominated in the currency(ies) of the ContractFramework, or in a freely convertible currency acceptable to the Procuring Entity; and shall be in one of the formats stipulated by the Procuring Entity in the SCC, or in another format acceptable to the Procuring Entity. 18.4 The Performance Security shall be discharged by the Procuring Entity and returned to the Supplier not later than thirty (30) days following the date of Completion of the Supplier's performance obligations under the ContractFramework, including any warranty obligations, unless specified otherwise in the SCC.

Appears in 1 contract

Samples: Framework Agreement

Performance Security. 18.1 If required as specified in the SCC, the 19.1. The Supplier shall, within twenty-eight fifteen (2815) working days of the notification of contract award, provide a performance security Performance Security for the due performance of the Contract in the amount and currency specified in the SCC. 18.2 19.2. The proceeds of the Performance Security shall be payable to the Procuring Entity agency as compensation for any loss resulting from the Supplier's ’s failure to complete its obligations under the Contract. 18.3 As specified in the SCC, the 19.3. The Performance Security, if required, Security shall be denominated in the currency(ies) of the Contract, or Contractor in a freely convertible currency acceptable to the Procuring Entity; agency, shall be valid until the successful completion of the Supplier’s performance obligations under the Contract, including any warranty obligations, and shall be in one of the formats forms stipulated by the Procuring Entity agency in the SCC, or in another format acceptable to the Procuring Entity. 18.4 19.4. The Performance Security shall be discharged by the Procuring Entity agency and returned to the Supplier not later than thirty (30) days following the date of Completion completion of the Supplier's ’s performance obligations under the Contract, including any warranty obligations, unless specified otherwise in the SCC.

Appears in 1 contract

Samples: Tender Agreement

Performance Security. 18.1 If required as specified specified in the SCC, the Supplier shall, within twenty-twenty- eight (28) days of the notification notification of contract award, provide a performance security for the performance of the Contract in the amount specified specified in the SCC. 18.2 The proceeds of the Performance Security shall be payable to the Procuring Entity as compensation for any loss resulting from the Supplier's failure to complete its obligations under the Contract. 18.3 As specified specified in the SCC, the Performance Security, if required, shall be denominated in the currency(ies) of the Contract, or in a freely convertible currency acceptable to the Procuring Entity; and shall be in one of the formats stipulated by the Procuring Entity in the SCC, or in another format acceptable to the Procuring Entity. 18.4 The Performance Security shall be discharged by the Procuring Entity and returned to the Supplier not later than thirty (30) days following the date of Completion of the Supplier's performance obligations under the Contract, including any warranty obligations, unless specified specified otherwise in the SCC.

Appears in 1 contract

Samples: Framework Agreement

Performance Security. 18.1 If required as specified in the SCC, the Supplier shall, within twenty-eight (28) days of the notification of contract Framework Agreement award, provide a performance security for the performance of the Contract Framework Agreement in the amount specified in the SCC. 18.2 The proceeds of the Performance Security shall be payable to the Procuring Entity as compensation for any loss resulting from the Supplier's failure to complete its obligations under the ContractFramework Agreement. 18.3 As specified in the SCC, the Performance Security, if required, shall be denominated in the currency(ies) of the ContractFramework Agreement, or in a freely convertible currency acceptable to the Procuring Entity; and shall be in one of the formats stipulated by the Procuring Entity in the SCC, or in another format acceptable to the Procuring Entity. 18.4 The Performance Security shall be discharged by the Procuring Entity and returned to the Supplier not later than thirty (30) days following the date of Completion of the Supplier's performance obligations under the ContractFramework Agreement, including any warranty obligations, unless specified otherwise in the SCC.

Appears in 1 contract

Samples: Framework Agreement

Performance Security. 18.1 If required as specified in the SCC, the Supplier shall, within twenty-eight (28) days of the notification of contract award, provide a performance security for the performance of the Contract in the amount specified in the SCC. 18.2 The proceeds of the Performance Security shall be payable to the Procuring Entity as compensation for compensationfor any loss resulting from the Supplier's failure to complete its obligations under the Contract. 18.3 As specified in the SCC, the Performance Security, if required, shall be denominated in the currency(ies) of the Contract, or in a freely convertible currency acceptable to the Procuring Entity; and shall be in one of the formats stipulated by the Procuring Entity in the SCC, or in another format acceptable to the Procuring Entity. 18.4 The Performance Security shall be discharged by the Procuring Entity and returned to the Supplier not Suppliernot later than thirty (30) days following the date of Completion of the Supplier's performance obligations under the Contract, including any warranty obligations, unless specified otherwise in the SCC.

Appears in 1 contract

Samples: Framework Agreement

Performance Security. 18.1 If required as specified in the SCC, the Supplier shall, within twenty-eight (28) days of the notification of contract award, provide a performance security for the performance of the Contract in the amount specified in the SCC. 18.2 The proceeds of the Performance Security shall be payable to the Procuring Entity as compensation for any loss resulting from the Supplier's failure to complete its obligations under the Contract. 18.3 As specified in the SCC, the Performance Security, if required, shall be denominated in the currency(ies) of the Contract, or in a freely convertible currency acceptable to the Procuring Entity; and shall be in one of the formats stipulated by the Procuring Entity in the SCC, or in another format acceptable to the Procuring Entity.in 18.4 The Performance Security shall be discharged by the Procuring Entity and returned to the Supplier not later than thirty (30) days following the date of Completion of the Supplier's performance obligations under the Contract, including any warranty obligations, unless specified otherwise in the SCC.

Appears in 1 contract

Samples: Framework Agreement

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