Additional Performance Security definition

Additional Performance Security shall have the meaning set forth in Clause 7.1;
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Additional Performance Security means the Bank Guarantee to be submitted by Successful Bidder in accordance with Clause 8.7 of this RFP Document
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Additional Performance Security means a Bank Guarantee for an amount as defined in Article 9.4 of Concession Agreement; submitted by the Concessionaire towards fulfilment of its obligation for on-boarding an Operating Partner for the operations and maintenance of the Convention Centre / Hotel during the Operator Lock-in Period.} 3
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Examples of Additional Performance Security in a sentence

  • Necessary provisions regarding deductions of Security Deposit from the progressive bills of the Contractor as per relevant clauses of the contract will in no way be affected/ altered by this Additional Performance Security.

  • Additional Performance Security @ 10% of the tendered amount in the form of Bank Guarantee from a Scheduled Bank, valid up to the date of completion of work, shall be obtained from the successful bidder, if the accepted bid value is 80% or less than the estimated amount put to tender.

  • If the bidder fails to submit Additional Performance Security within 7 (seven) working days from the date of LoA or the time period as approved by the Tender inviting Authority, his Earnest Money will be forfeited.

  • If the bidder fails to submit Additional Performance Security within 7 (seven) working days from the date of LoI or the time period as approved by the Tender inviting Authority, his Earnest Money will be forfeited.

  • If the bidder fails to submit the Additional Performance Security within seven working days from the date of issuance of Letter of Acceptance, his earnest money will be forfeited.

  • If the bidder fails to complete the work successfully, the Additional Performance Security shall be forfeited at any time during the pendency of the contract period after serving proper notice to the contractor.

  • If the bidder fails to complete the works successfully, the Additional Performance Security along with Security Deposit lying with the GPW/WBFDC Ltd.

  • The Additional Performance Security shall be submitted in the form of Bank Guarantee as per Form C from a Scheduled CommercialBank in India payable at Kolkata, West Bengal and shall not bear any interest whatsoever.

  • If the bidder fails to complete the work successfully, the Additional Performance Security shall be forfeited at any time during the pendency of the Contract period after serving proper notice to the contractor.

  • If the bidder fails to complete the works successfully, the Additional Performance Security along with Security Deposit lying with the WBFDC Ltd.


More Definitions of Additional Performance Security

Additional Performance Security means a performance security that must be submitted by the Selected Bidder to SJPNL along with Performance Security to secure performance of the obligations of the Bidder under clause 31.5 of the RFP;
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Additional Performance Security means a performance security that must be submitted by the Selected Bidder to the Executive agency before the issue of LOA to secure the obligations of the Concessionaire/Bidder in relation to the clause 16.5 of the RFP document.
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Additional Performance Security means a performance security that must be submitted by the Selected Bidder to the KMC, along with Performance Security and ESHS Security, to secure the obligations of the Concessionaire/Bidder in relation to the clause 16.5 of the RFP document.
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Additional Performance Security shall have the mean- ing set forth in Clause 7.1;
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Additional Performance Security shall have the meaning ascribed to it in Article 6.1(c).
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Additional Performance Security shall have the meaning ascribed to it in Recital C(a) and shall include any revised/ incremental Performance Security submitted by the Purchaser in accordance with the requirements of Clause 4;
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Related to Additional Performance Security

  • Performance Security means monetary guarantee to be furnished by the successful Tenderer for due performance of the contract placed on it. Performance Security is also known as Security Deposit or Performance Bank Guarantee.

  • Annual performance report means a written appraisal of the teaching staff member's performance prepared by the teaching staff member’s designated supervisor based on the evaluation rubric for his or her position.

  • Qualified Performance-Based Award means an Award intended to qualify for the Section 162(m) Exemption, as provided in Section 11.

  • Key Performance Indicators or “KPIs” means the performance measurements and targets set out in Part 3 of Schedule 1 (Services) of this Framework Agreement;

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • Performance Unit means an Award which may be earned in whole or in part upon attainment of performance goals or other vesting criteria as the Administrator may determine and which may be settled for cash, Shares or other securities or a combination of the foregoing pursuant to Section 10.

  • Performance Stock Unit means a right granted to a Participant pursuant to Section 8.2, to receive Stock, the payment of which is contingent upon achieving certain Performance Goals or other performance-based targets established by the Committee.

  • Performance Share means an Award denominated in Shares which may be earned in whole or in part upon attainment of performance goals or other vesting criteria as the Administrator may determine pursuant to Section 10.