Completion and Performance Security definition

Completion and Performance Security has the meaning ascribed to it in Section 6.1(a). “Confidential Information” means:
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Completion and Performance Security has the meaning ascribed to it in Section 5.1.
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Completion and Performance Security has the meaning given to it in Section 10.1(a);
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Examples of Completion and Performance Security in a sentence

  • If the amounts then due and owing are less than the amount drawn under such Letter of Credit, then such excess amount shall be held as Completion and Performance Security.

  • Where the Generator has so terminated this Agreement, the AESO shall return any Completion and Performance Security it holds within twenty (20) Business Days following receipt of a written request from the Generator.

  • Whether or not any Optional Termination Amount is payable by the AESO to the Generator, the AESO shall return any Completion and Performance Security held by the AESO to the Generator within twenty (20) Business Days following receipt of a written request therefor made by the Generator following the Termination Date, net of any amounts owing by the Generator to the AESO.

  • Subject to Section 6.2, any such reduction in Contract Capacity shall only affect the amount of Completion and Performance Security that is required to be provided to the AESO after the date of the request for such reduction and, for clarity, shall not result in any change to the Strike Price.

  • A Generator may from time to time consolidate any separate amounts of Completion and Performance Security held by the AESO by providing to the AESO replacement Completion and Performance Security in the cumulative amount of Completion and Performance Security outstanding, in which case the AESO shall return the existing Completion and Performance Security in accordance with this Section 10.1(h).

  • In exchange for the Completion and Performance Security in the amended amount, the Buyer will return to the Supplier the original Completion and Performance Security.

  • Employees must sign a confidentiality agreement and are provided with ongoing training to maintain their awareness on their duties of protecting personal and business data.

  • The obligation of the Service Provider to post and maintain Completion and Performance Security must be satisfied by the Service Provider providing to the IESO a certified cheque, bank draft or money order issued by a bank listed in Schedule I, II, or III of the Bank Act (Canada) for the full amount of the Completion and Performance Security.

  • In such instance, the connection applicant explicitly authorizes the IESO to recover outstanding amounts under the invoice from the connection applicant’s Completion and Performance Security, provided to the IESO or the OPA, as applicable.

  • If termination for a Generator Event of Default occurs prior to commercial operation of the facility, Generator will pay, as liquidated damages, a sum equal to the Completion and Performance Security (i.e. $50,000 per MW of Contract Capacity) and AESO’s remedies are limited to such amount.


More Definitions of Completion and Performance Security

Completion and Performance Security has the meaning given to it in Section 2.7.
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Completion and Performance Security means the financial security for the performance of the Supplier’s obligations under the FIT Contract that the Supplier must provide to and maintain with the Sponsor in accordance with Article 5 of the FIT Contract and which includes each of
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Completion and Performance Security has the meaning set forth in Section 10.1 of this Agreement.
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Completion and Performance Security means the financial security for the performance of the Supplier’s obligations under the FIT Contract that the Supplier must provide to and maintain with the OPA in accordance with Article 5 of the FIT Contract and which includes each of (i) the Initial Security, (ii) the Incremental NTP Security, (iii) the First Period Future Performance Security, and (iv) the Second Period Future Performance Security.
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Related to Completion and Performance Security

  • Additional Performance Security shall have the meaning set forth in Clause 7.1;

  • Interest Free Security Deposit/ Performance Security means interest free amount to be deposited by the Licensee with DMRC as per terms and conditions of License Agreement as a security against the performance of the License Agreement.

  • 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.

  • Completion Guaranty means the Guaranty of Completion and Payment of even date herewith from Indemnitor for the benefit of Lender, as amended from time to time.

  • Index Performance means, in relation to an Index and an Auto-Call Valuation Date or the Valuation Date, as the case may be, a percentage calculated by the Calculation Agent in respect of such date in accordance with the following formula: Index Performance =Final Index Level × 100% Initial Index Level

  • Guaranteed asset protection waiver means that term as defined in section 3 of the guaranteed asset protection waiver act.

  • Discharge of Senior Obligations means the date on which the Discharge of Credit Agreement Obligations and the Discharge of each Additional Senior Debt Facility has occurred.

  • Basket Performance means a decimal number calculated by applying the following formula: BP = ∑ W ×iX ⎛⎜⎜i=1 ⎝ Underlyingi,FINAL ⎞⎟⎠Underlyingi,INITIAL ⎟ where: BP = Basket Performance X = 4 Wi = Weighting of the relevant Underlying Underlying i,FINAL Underlying i,INITIAL= Reference Price of the relevant Underlying with respect to the Valuation Date = Initial Price of the relevant Underlying

  • human performance means human capabilities and limitations which have an impact on the safety and efficiency of aeronautical operations;

  • Guaranteed Liabilities means all moneys, obligations and liabilities expressed to be guaranteed by the Guarantor in clause 2.1;

  • Non-Guaranteed Elements means the premiums, credited interest rates (including any bonus), benefits, values, dividends, non-interest based credits, charges or elements of formulas used to determine any of these, that are subject to company discretion and are not guaranteed at issue. An element is considered non-guaranteed if any of the underlying non-guaranteed elements are used in its calculation.

  • Baggage and Personal Effects means luggage, personal possessions and travel documents taken by You on Your Trip.

  • Finance Obligations means, at any date, (i) all Senior Credit Obligations, (ii) all Swap Obligations of a Loan Party permitted hereunder owed or owing to any Swap Creditor and (iii) all Cash Management Obligations.

  • Worst Performance (final means the Performance of the Basket Componentj (final) specified as follows:Performance of the Basket Componentj (final) = mini= 1, ..., N [Ki (final) / Ki (initial)]

  • energy performance contracting means a contractual arrangement between the beneficiary and the provider of an energy efficiency improvement measure, verified and monitored during the whole term of the contract, where investments (work, supply or service) in that measure are paid for in relation to a contractually agreed level of energy efficiency improvement or other agreed energy performance criterion, such as financial savings;

  • Guaranteed elements means the premiums, benefits, values, credits or charges under a policy of life insurance that are guaranteed and determined at issue.

  • Energy Performance Score means the numeric rating generated by Portfolio Manager that compares the Energy usage of the building to that of similar buildings.

  • Guaranteed Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank.

  • Performance and Guarantee Test means all operational checks and tests required to determine and demonstrate capacity, efficiency and operating characteristics as specified in the Contract Documents.

  • Performance and Guarantee Tests , shall mean all operational checks and tests required to determine and demonstrate capacity, efficiency, and operating characteristics as specified in the Contract Documents.

  • Capacity Performance Resource means a Capacity Resource as described in Tariff, Attachment DD, section 5.5A(a).

  • Note Obligations means the Notes, the Guarantees and all other obligations of any obligor under this Indenture, the Notes, the Guarantees and the Security Documents.

  • Guaranteed loan means the loan in the original principal amount specified in Clause 4 of the Special Conditions made by the Guarantee Holder to the State-Owned Enterprise under the Loan Agreement and denominated in Guarantee Currency or, where the context may require, the amount thereof from time to time outstanding, the proceeds of which shall be applied to the Investment Project.

  • Guaranteed Substantial Completion Date or “Guaranteed Substantial Completion Dates” has the meaning set forth in Section 5.3B.

  • Guaranty and Collateral Agreement means the Guaranty and Collateral Agreement dated as of the date hereof executed and delivered by the Loan Parties, together with any joinders thereto and any other guaranty and collateral agreement executed by a Loan Party, in each case in form and substance satisfactory to the Administrative Agent.

  • Payment Guaranty means, if applicable, that certain Guaranty (Payment) of even date herewith executed by Guarantor to and for the benefit of Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.