PerformanceSecurity Sample Clauses

PerformanceSecurity. (i) (A) Within 45 (Forty Five) days of receipt of Letter of Acceptance, the selected Bidder shall furnish to the Authority an irrevocable and unconditional guarantee from a Bank in the form set forth in Annex-I of Schedule-G (the “Performance Security”) for an amount equal to 3% (three percent) of its Bid Price. In case of bids mentioned below, the Selected Bidder, along with the Performance Security, shall also furnish to the Authority an irrevocable and unconditional guarantee from a Bank in the same form given at Annex-I of Schedule-G towards an Additional Performance Security (the “Additional Performance Security”) for an amount calculated asunder:
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PerformanceSecurity. 7.2 Extension of Performance Security and AdditionalPerformanceSecurity
Sample 1
PerformanceSecurity. The successful tenderer will be required to furnish a Performance Security Deposit equivalent to 5% of the value of the contract to be deposited afterreceivingofawardofcontractintheformofFixedDepositReceiptorBankGuarantee fromanyNationalizedBankdulypledgedinthenameofthe"The Director, AIIMS Nagpur" which shall be kept valid for a period of 60 days beyond completion of all the contractual obligations. In the event of non-deposition of the same the xxxxxxx money will beforfeited. ThesecuritydepositcanbeforfeitedbyorderofthisInstituteintheeventofanybreachornegligence ornon–observanceofanyconditionofcontractorforunsatisfactoryperformanceornon–observance of any condition of the contract. Performance Security will be discharged after completion of contractor’s performance obligations under thecontract. No interest on security deposit and xxxxxxx money deposit shall be paid by the Institute to the tenderer.
Sample 1
PerformanceSecurity. 9.1.1 The Mine Developer and Operator shall, as a security for the performance of its obligations under the Coal Mining Agreement, provide to HPGCL not later than 30 (Thirty) days from the date of signing of the Coal Mining Agreement, an irrevocable, unconditional, first demand bank guarantee for a sum of INR 1537,00,000 (Indian Rupees One Thousand Five Hundred Thirty Seven Crore only)from any Scheduled Commercial/ Nationalized Bank in India authorized by Reserve Bank of India (RBI) to issue such Bank Guarantee in the format set forth in Schedule-F (the "Performance Security") towards security for the fulfillment of its obligations under Coal Mining Agreement.
Sample 1
PerformanceSecurity. 7.1 PerformanceSecurity‌
Sample 1
PerformanceSecurity. The Concessionaire shall have provided to the Authority prior to the signing of this Agreement, an irrevocable and unconditional guarantee from a Scheduled Commercial Bank for a sum equivalent to2 (Two) times of the Minimum Guarantee Revenue Share Amount 1 i.e., Rs. (Rupees ) in the form set forth in Schedule-F (the“Performance Security”). Until such time the Performance Security has been provided by the Concessionaire to the Authority in full, the Xxxxxxx Money Deposit (EMD)/Bid Security shall remain in full force and effect with the Authority. Only upon the full realisation of the Performance Security, shall the Authority release the Xxxxxxx Money Deposit (EMD)/ Bid Security to the Concessionaire.
Sample 1

Related to PerformanceSecurity

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

  • 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.

  • Performance of Services The Contractor is responsible for fully meeting all obligations set forth in the Contract and for providing Product in accordance with the Contract or any Authorized User Agreement.

  • CONTRACT OF SERVICE (1) (a) Each employee shall, upon engagement, be given a letter of appointment wherein the general conditions of employment are stated.

  • Substantial Performance This Contract shall be deemed to be substantially performed only when fully performed according to its terms and conditions and any written amendments or supplements.

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