Examples of Guaranteed Performance in a sentence
If the supplier fails to supply the material in full or in part within stipulated delivery period specified in the purchase order of material/equipment is found to be defective or failing of fulfill the Guaranteed Performance of the Contract as specified in the Purchase Order, they shall be debarred or black listed from participating in future tender of DTL for the period ranging from 3 to 5 years.
This is necessary to study Solar Level and Guaranteed Performance of the Solar Power Plant.
Therefore, commencing upon the applicable Revenue Service Date for each Bridge , TSP shall pay to the Joint Board an amount determined as follows (the “Performance Stipulated Damages”) as deemed compensation to the Joint Board for lost toll revenues from failure to meet the Guaranteed Performance Requirements.
The Supplier hereby warrants and represents that equipment is capable of achieving Minimum Guaranteed Performance as provided in the agreement as per the format attached in agreement for a period of 18 months from the date of shipment of materials or 12 months from the handing over date, whichever comes earlier.
TSP acknowledges and agrees that such Performance Stipulated Damages are intended to compensate the Joint Board solely for its damages caused by the failure to meet the Guaranteed Performance Requirements specified in Section 4.10.7.2, and shall not excuse TSP from liability to correct any defects in the TCS or from any other breach of requirements of the Contract Documents.