Maintenance Performance Bond definition

Maintenance Performance Bond means the performance bond delivered by DB Contractor in the form attached to the CMA as Exhibit 5, Appendix 1.
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Maintenance Performance Bond means the performance bond delivered by Maintenance Contractor in the form attached to the Comprehensive Maintenance Agreement as Exhibit 6 to the Comprehensive Maintenance Agreement.
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Maintenance Performance Bond means the performance bond delivered by the Contractor in the form attached to the Agreement as Exhibit D (Form of Maintenance Payment and Performance Bond).
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Examples of Maintenance Performance Bond in a sentence

  • Surety agrees that payments made under the Maintenance Performance Bond do not reduce Surety's legal obligations under this Bond.

  • Payments made to contractors or suppliers under any agreement where Xxxxxx has arranged for completion of the work to satisfy the Maintenance Performance Bond will not be considered claims on this Bond.

  • The Maintenance Performance Bond and the Maintenance Payment Bond shall each have a term equal to or greater than the then-current Maintenance Term.

  • Insurance premiums for the insurance policies required for the Warranty Period and the premiums paid for the four-year Maintenance Performance Bond and the Maintenance Payment Bond shall be payable to reimburse Contractor for the bond premiums actually paid, without markup, profit or overhead, not to exceed the line item for such premiums set forth in the Proposal.

  • The foregoing shall be in addition to all other rights and remedies provided by law or equity and such rights and remedies as are otherwise available under the CMA Documents, including the Maintenance Performance Bond, any letter of credit and any Guaranty.

  • The foregoing shall be in addition to all other rights and remedies provided by law or equity and such rights and remedies as are otherwise available under the COMA Documents, including the Maintenance Performance Bond, any letter of credit and Guaranty.

  • The foregoing shall be in addition to all other rights and remedies provided by law or equity and such rights and remedies as are otherwise available under the CMA Documents, including the Maintenance Performance Bond, any letter of credit and Guaranty.

  • Payments made to contractors or suppliers under any agreement where Surety has arranged for completion of the work to satisfy the Maintenance Performance Bond will not be considered claims on this Bond.

  • Amounts due the Joint Board as Liquidated Damage , if not paid within 15 days of notification of assessment, may be deducted by the Joint Board from any money payable to the Contractor pursuant to this agreement, and/or by tendering or drawing upon the Performance Bond, Warranty Bond or Maintenance Performance Bond provided pursuant to Section12.2. The Joint Board shall notify the Contractor promptly of any determination by the Joint Board to make such deduction or draw.

  • After the initial Maintenance Performance Bond and Maintenance Payment Bond are issued, as a condition precedent to subsequent Final Acceptances, in lieu of providing separate Maintenance Performance Bonds and Maintenance Payment Bonds for each additional Project Segment, Integrator may provide Riders to the existing Maintenance Performance Bond and Maintenance Payment Bond.

Related to Maintenance Performance Bond

  • Performance Bond means the financial security for performance a USF Service Provider must furnish in accordance with section 54 of this RFA;

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

  • 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.

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

  • 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;

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

  • Maintenance Period shall have the meaning set forth in Clause 14.1; “Maintenance Requirements” shall have the meaning set forth in Clause 14.2;

  • Maintenance Programme shall have the meaning set forth in Clause 14.3; “Maintenance Period” shall have the meaning set forth in Clause 14.1; “Maintenance Requirements” shall have the meaning set forth in Clause 14.2;

  • Extreme performance coating means coatings designed for harsh exposure or extreme environmental conditions.

  • Maintenance Program means LESSEE's maintenance program as approved by the Aviation Authority or such other maintenance program as LESSOR may, in its discretion, accept in writing.

  • Control Performance Standard or “CPS” shall mean the reliability standard that sets the limits of a Balancing Authority’s Area Control Error over a specified time period.

  • Key Performance Indicator means a measure that captures the performance of a critical variable to expand and improve community-based corrections programs to promote offender success, ensure accountability, enhance public safety, and reduce recidivism.

  • energy performance certificate means a certificate which complies with regulation 6 of the Energy Performance of Buildings (Scotland) Regulations 2008,

  • 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 Monitoring System has the meaning given to it in paragraph 1.1.2 in Part B of Schedule 6 (Service Levels, Service Credits and Performance Monitoring);

  • Non-Performance Charge means the charge applicable to Capacity Performance Resources as defined in Tariff, Attachment DD, section 10A(e).

  • Performance Requirements The ordering entity reserves the right to inspect and verify that all deliveries are in accordance with specifications, both at the point of delivery and at the point of use. For orders that specify an “authorized party” to receive and inspect deliveries and/or installations, acceptance and inspection procedures must be performed by the” authorized party” to be considered and accepted by the ordering entity. Products inspected at the time of use are subject to refusal and return requirements for issues of quality such as defects in manufacturing and/or workmanship. Products will not be considered accepted by the ordering entity until the installation is complete for the applicable products.

  • Energy savings performance contract means a contract under which the rate of payments is based upon energy and operational cost savings and a stipulated maximum energy consumption level over the life of the contract.

  • 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)]

  • 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

  • Performance Level means a reference to one of Performance Level I, Performance Level II, Performance Level III, Performance Level IV or Performance Level V.

  • 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 Percentage means the factor determined pursuant to a Performance Schedule that is to be applied to a Target Award and that reflects actual performance compared to the Performance Target.

  • performance requirement means a requirement that:

  • Maintenance Margin means the minimum amount of money required in your Trading Account as specified on the Trading Platform in order to keep a Transaction open on the Trading Platform.

  • Maintenance Plan means a maintenance plan pursuant to N.J.A.C. 7:8-5.2(b) and 5.8 prepared by the design engineer for the stormwater management measures incorporated into the design of a major development.