Contract Performance Guarantee means the irrevocable unconditional bank guarantee, submitted and to be submitted by the TSP or by the Selected Bidder on behalf of the TSP to the Nodal Agency from a bank mentioned in Annexure 17 of the RFP, in the form attached here to as Schedule 8, in accordance with Article 3 of this Agreement and which shall include the additional bank guarantee furnished by the TSP under this Agreement; “Contract Year”, for the purpose of payment of Transmission Charges, shall mean the period beginning on the COD, and ending on the immediately succeeding March 31 and thereafter each period of 12 months beginning on April 1 and ending on March 31 provided that the last Contract Year shall end on the last day of the term of the TSA;
Contract Performance Guarantee shall have the meaning ascribed to it in Clause 3;
Contract Performance Guarantee means the irrevocable, unconditional and revolving bank guarantee submitted by the Transmission Service Provider to the Long Term Transmission Customers in terms of the Transmission Service Agreement;
Examples of Contract Performance Guarantee in a sentence
In such an event, the Nodal Agency shall forfeit the Contract Performance Guarantee of the TSP, without prejudice to any other right or remedy that may be available to the Nodal Agency hereunder or subsistence otherwise.
In case of such termination, the Contract Performance Guarantee shall be returned to the TSP as per the provisions of Article 6.5.1.
More Definitions of Contract Performance Guarantee
Contract Performance Guarantee means the Contract Performance Guarantee as submitted by the Seller in favor of the Purchaser at the time of bidding.
Contract Performance Guarantee means the tenderer provides security by one of the security methods of paying a deposit, providing collateral or providing a letter of guarantee for a definite term as stipulated in the tender invitation documents, in order to secure the liability of the winning tenderer to perform the contract.
Contract Performance Guarantee means a security given by or for a contractor for the performance of 1 or more of the contractor’s
Contract Performance Guarantee means equivalent to the amount of 10% of the Contract Price to be submitted by the Successful Bidder in the form of a Bank Guarantee or Demand Draft or through SB-COLLECT of State Bank of India after the issue of LOI.
Contract Performance Guarantee means the irrevocable unconditional bank guarantee, submitted and to be submitted by the TSP or by the Selected Bidder on behalf of the TSP to the Long Term Transmission Customers from a bank mentioned in Annexure 12 of the RFP, in the form attached here to as Schedule 11, in accordance with Article 3 of this Agreement and which shall include the additional bank guarantee furnished by the TSP under this Agreement;”
Contract Performance Guarantee. Shall have the meaning ascribed in RFP “Contract Period” shall mean the period commencing from 01st September 2013 to 30th June 2014
Contract Performance Guarantee means a security given by or for a contractor for the performance of 1 or more of the contractor’s obligations under a contract with an accountable officer or statutory body.