Defects Liability Security definition

Defects Liability Security means an on-demand performance bond for the Warranty Periods in the form substantially the same as the form of the Performance Security set out in Attachment A to the Particular Conditions.
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Defects Liability Security means a bank guarantee or insurance guarantee that the Contract Engineer is obliged to provide to the Client in accordance with Clause 15.2.
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Defects Liability Security means a Bank Guarantee in the amount specified in Item 16 of Schedule 1.
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Examples of Defects Liability Security in a sentence

  • The Client may use the Defects Liability Security in order to secure or recover any costs or losses in respect of damage it suffers due to an infringement of the contractual obligations by the Contract Engineer.

  • If the Contract Engineer does not exercise the right referred to in the preceding sentence, it will be obliged to deliver to the Client an Defects Liability Security on the terms and conditions set out in Clause 15.2. If the Contract Engineer exercises the right referred to above, Clauses 15.3.2 – 15.3.4 will apply.

  • Reference source not found., the Contract Engineer will obtain and maintain (at its own cost) Contractor’s Defects Liability Security in relation to the proper performance of the Agreement in the Contractor’s warranty period as defined in the Contractor’s Agreement.

  • The summary should adequately describe and communicate the role and function of institution employees who serve as primary points- of-contact for veteran students.

  • The Client may use the Contractor’s Defects Liability Security in order to secure or recover any costs or losses in respect of damage it suffers due to an infringement of the contractual obligations by the Contract Engineer.

  • The Defects Liability Security will secure, among other things, the proper performance of the obligations of the Contract Engineer in the Warranty Period, secures, among other things, the proper performance of the obligations of the Contract Engineer, payment of contractual penalties, and any claims of the Client against the Contract Engineer in connection with the Agreement.

  • Council should require a sufficient enforcement security for the Affordable Housing to be provided by the developer to sufficiently cover any legal expenses that Council may incur should it have to enforce the delivery of the Affordable Housing to protect the public’s interest.o There is no Defects Liability Security for any of the Public Benefits to be delivered by the developer.

  • Zabezpieczenie Odpowiedzialności za Wady będzie zabezpieczało, między innymi, należyte wykonanie zobowiązań Inżyniera Kontraktu w Okresie Rękojmi, zapłatę kar umownych, oraz wszelkie 15.2.1 Subject to Clause 15.3, the Contract Engineer will obtain and maintain (at its own cost) Defects Liability Security in relation to the proper performance of the Agreement in the Warranty Period.

  • The Defects Liability Security will secure, among other things, the proper performance of the obligations of the Contract Engineer in the Warranty Period, payment of contractual penalties, and any claims of the Client against the roszczenia Zamawiającego wobec Inżyniera Kontraktu w związku z Umową.

  • The Defects Liability Security will secure, among other things, the proper performance of the obligations of the Contract Engineer in the Warranty Period, payment of contractual penalties, and any claims of the Client against the Contract Engineer in connection with the Agreement.


More Definitions of Defects Liability Security

Defects Liability Security means a Bank Guarantee or other form of security on terms reasonably satisfactory to the Council in the amount of $29,083 indexed in accordance with the ‘Consumer Price Index – Sydney All Groups’ published by the Australian Bureau of Statistics; Development means any development of the Land which is made possible by the Instrument Change; Development Application means a Development Application (within the meaning of the Act); Development Consent means a development consent (within the meaning of the Act) for the Development; Development Contribution means any of the following:
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Defects Liability Security means a Bank Guarantee in the amount specified in Item 5 of the Reference Schedule that relates to the Developer Works (Council).
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Defects Liability Security means Security in the amount of $139,056.40, which is equal to 2.5% of the Agreed Contributions Value of the Works in Kind, indexed quarterly in accordance with the Consumer Price Index (All Groups Sydney) published by the Australian Bureau of Statistics on and from the date of this Agreement.
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Related to Defects Liability Security

  • Products Liability means:Your legal liability in respect of Personal Injury and/or Property Damage caused by or arising out of any Products or the reliance upon a representation or warranty made at any time with respect to such products; but only where such Personal Injury and/or Property Damage occurs away from premises owned or leased by or rented to You and after physical possession of such products has been relinquished to others.

  • Defects Liability Period means the warranty period following the taking over, during which the Contractor is responsible for making good, defects and damage in Goods and Services provided, under the Contract.

  • BRRD Liability means a liability in respect of which the relevant Write Down and Conversion Powers in the applicable Bail-in Legislation may be exercised.

  • Defects Liability Expiry Certificate means the certificate to be issued by the Client to the Contractor, in accordance with the Contract.

  • Defects Liability Certificate means the certificate issued by Architect upon correction of defects by the Contractor.

  • Defect Liability Period in relation to a work means the specified period from the date of COMPLETION CERTIFICATE upto the date of issue of FINAL CERTIFICATE during which the CONTRACTOR stands responsible for rectifying all defects that may appear in the works executed by the CONTRACTOR in pursuance of the CONTRACT and includes warranties against Manufacturing/Fabrication/ Erection/Construction defects covering all materials plants, equipment, components, and the like supplied by the CONTRACTOR, works executed against workmanship defects.

  • UK Bail-in Liability means a liability in respect of which the UK Bail-in Powers may be exercised.

  • Damage to Property means physical injury to or destruction of tangible property, including the loss of its use. Tangible property includes the cost of recreating or replacing stocks, bonds, deeds, mortgages, bank deposits and similar instruments, but does not include the value represented by such instruments.

  • Liability Cap has the meaning ascribed to it in paragraph 1 of Schedule 9;

  • Excluded Liability means any liability that is excluded under the Bail-In Legislation from the scope of any Bail-In Action including, without limitation, any liability excluded pursuant to Article 44 of the Bank Recovery and Resolution Directive.

  • Breach of system security means unauthorized acquisition of computerized data that compromises the security, confidentiality, or integrity of sensitive personal information maintained by a person, including data that is encrypted if the person accessing the data has the key required to decrypt the data. Good faith acquisition of sensitive personal information by an employee or agent of the person for the purposes of the person is not a breach of system security unless the person uses or discloses the sensitive personal information in an unauthorized manner. Business and Commerce Code 521.053(a)

  • Environmental Damages means all claims, judgments, damages, losses, penalties, fines, liabilities, encumbrances, liens, costs and expenses of investigation and defense of any claim, including, without limitation, attorney’s fees, that are incurred at any time as a result of the existence of Environmental Conditions upon, about or beneath the Project Site or migrating or threatening to migrate to or from the Site, and including, without limitation:

  • Maximum Liability has the meaning assigned to such term in Section 10.10.

  • Environmental Damage means any injury or damage to persons, living organisms or property (including offence to man’s senses) or any pollution or impairment of the environment resulting from the discharge, emission, escape or migration of any substance, energy, noise or vibration;

  • Environmental Liability means any liability, contingent or otherwise (including any liability for damages, costs of environmental remediation, fines, penalties or indemnities), of the Company or any Subsidiary directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the environment or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing.