Submission of Performance Bank Guarantee Sample Clauses

Submission of Performance Bank Guarantee. (PBG) The SPD shall submit an irrevocable unconditional Performance Bank Guarantee (PBG) of INR 2 Lakhs (Indian Rupees Two Lakhs) per MW to APGCL issued from a public sector / scheduled commercial bank at the time of signing of this Implementation and Support Agreement in the form attached hereto as Schedule “2”. The PBG shall be valid for a minimum period of 15 (fifteen) months from the date obtaining concurrence from AERC on the draft PPA. In case any extension is given to the project, the corresponding extension needs to be made in the validity of PBG. All costs relating to opening and maintenance and negotiation of PBG shall be borne by the SPD
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Submission of Performance Bank Guarantee. (PBG) The SPD shall submit an irrevocable unconditional Performance Bank Guarantee (PBG) of Rs. 3 Lakhs (Rs. Three Lakhs) per MW to KSPDCL issued from a public sector / scheduled commercial bank at the time of signing of this Implementation and Support Agreement in the form attached hereto as Schedule “2”.The PBG shall be valid for a minimum period of 19 months from the date of signing of PPA. In case any extension is given to the project, the corresponding extension needs to be made in the validity of PBG. All costs relating to opening and maintenance and negotiation of PBG shall be borne by the SPD.
Sample 1
Submission of Performance Bank Guarantee. The SPD shall submit a Performance Bank Guarantee of Rs. 3.0 lakh per MW (as per Annexure-II) to LSPDCL at the time of signing of this Agreement which should be valid for a period of 21 months from the effective date of the PPA. In case any extension is given to the Project, the corresponding extension needs to be made in the validity of PBGs.
Sample 1
Submission of Performance Bank Guarantee. The SPD shall submit a Performance Bank Guarantee of Rs. 2 Lakhs per MW to APSPCL at the time of signing of Implementation and Support Agreement which should be valid for a period of 19 months from the date of signing of PPA with NTPC. In case any extension is given to the Project, the corresponding extension needs to be made in the validity of PBGs.
Sample 1

Related to Submission of Performance Bank Guarantee

  • Return of Performance Bank Guarantee Payment on Order Instrument

  • Performance Bank Guarantee 4.2.1 The Performance Bank Guarantee furnished by Power Producer to GUVNL shall be for guaranteeing the commissioining / commercial operation of the project up to the Contracted Capacity within SCOD.

  • Availability of Performance Order If, and to the extent that, a breach of this contract has been caused by a Relevant Force Majeure Event, the Non-affected Party shall not be entitled to a Performance Order except to secure performance by the Affected Party of its obligations under this Clause 17.

  • 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.

  • Evaluation of Performance School, in conjunction with Company personnel, is responsible for and shall make arrangements for evaluating Student’s performance during the clinical program.

  • Resumption of Performance During the period that a Force Majeure Event is subsisting, the Affected Party shall, in consultation with the other Parties, make all reasonable efforts to limit or mitigate the effects of such Force Majeure Event on the performance of its obligations under the PPA. The Affected Party shall also make efforts to resume performance of its obligations under this Agreement as soon as possible and upon resumption, shall notify other Parties of the same in writing. The other Parties shall afford all reasonable assistance to the Affected Party in this regard.

  • 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.

  • Standard and Manner of Performance Contractor shall perform its obligations under this Agreement in accordance with the highest standards of care, skill and diligence in Contractor’s industry, trade, or profession. Not Exclusive. Contractor is not guaranteed any work except as expressly stated herein, and this Agreement does not create an exclusive contract for the Work.

  • Assessment of Performance The assignment of a teacher to a TLS position will be subject to review by the school district’s administration at least annually. The first review must be completed no later than five (5) work days before the beginning of the transfer process. The review shall include peer feedback on the effectiveness of the teacher’s performance of duty specific to the teacher’s TLS position. A teacher who completes an assignment in a TLS position may apply for assignment to a new TLS position.

  • Manner of Performance Subject to the provisions of Article XII hereof, the Contractor shall perform all of the Work described in the Statement of Work, or cause such Work to be performed in an efficient and expeditious manner and in accordance with all of the terms and provisions of this Agreement. The Contractor shall perform the Work in accordance with the current professional standards and with the diligence and skill expected for the performance of work of the type described in the Statement of Work. The Contractor shall furnish such personnel and shall procure such materials, machinery, supplies, tools, equipment and other items as may reasonably be necessary or appropriate to perform the Work in accordance with this Agreement.

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