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;

  • 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

  • Payment of Services 1. For courses taught at a High School facility utilizing High School teachers who are qualified by the Dallas College using Southern Association of Colleges and Schools Commission on Colleges (SACSCOC) standards to teach college level courses, Dallas College shall pay as follows:

  • 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.

  • Excuse from Performance The Parties shall be excused from performing their respective obligations hereunder if they are prevented from so performing by reason of floods, earthquakes, other acts of nature, war, civil insurrection, riots, acts of any government (including judicial action), and other similar catastrophic events which are beyond the control of and not the fault of the Party claiming excuse from performance hereunder. Labor unrest, including but not limited to strike, work stoppage or slowdown, sick-out, picketing, or other concerted job action conducted by Contractor's employees or directed at Contractor is not an excuse from performance and Contractor shall be obligated to continue to provide service notwithstanding the occurrence of any or all of such events. The Party claiming excuse from performance shall, within two (2) Business Days after such Party has notice of such cause, give the other Party notice of the facts constituting such cause and asserting its claim to excuse under this Section. If either Party validly exercises its rights under this Section, the Parties hereby waive any claim against each other for any damages sustained thereby. The partial or complete interruption or discontinuance of Contractor's services caused by one or more of the events described in this Section shall not constitute a default by Contractor under this Agreement. Notwithstanding the foregoing, however, if Contractor is excused from performing its obligations hereunder for any of the causes listed in this Section for a period of thirty (30) calendar days or more, the SCWMA shall nevertheless have the right, in its sole discretion, to terminate this Agreement by giving ten (10) calendar days notice to Contractor unless Contractor has demonstrated, by the thirtieth (30th) calendar day, to the satisfaction of the SCWMA that the Contractor will resume services no later than the sixtieth (60th) day following the date service was interrupted or discontinued by Contractor.

  • 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.

  • 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.

  • School Performance The School shall achieve an accountability designation of Good Standing or Honor on each of the three sections of the Performance Framework. In the event the School is a party to a third party management contract which includes a deficit protection clause, the School shall be exempt from some or all measures within the financial portion of the Performance Framework. In accordance with Charter School Law, the Authorizer shall renew any charter in which the public charter school met all of the terms of its performance certificate at the time of renewal.

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