PBG definition

PBG means Performance Bank Guarantee

PBG means the irrevocable unconditional bank guarantee, submitted by the RPD to SECI in the form attached hereto as Schedule 1;

PBG means The Pepsi Bottling Group, Inc., a Delaware corporation.

Examples of PBG in a sentence

• If after Fourteen (14) days from issuing the Letter of Credit (LC) SWIFT MT-700 or BG/SBLC MT760 the seller has not fulfilled her obligations, then the buyer can terminate the contract unilaterally and confiscate 2% of the seller's PBG and the seller has no right to objections.

• Page on _____day of XXXXX, 2022 which be handled in accordance with the instructions stipulated in the said SPA immediately, we hereby confirmed our client xxxxxxxxxxxxxxxxx instructed us to issue RWA MT199 within three (3) banking days after submission contract to us and issue LC/BG/SBLC and delivers to the Seller’s bank via SWIFT MT700/MT760 within three (3) banking days after receive PBG MT760 from Seller’s Bank on our counter and we will do that immediately.

• Five percent tolerance in each part is acceptable; If the quantity of the shipped Gold in each part is more than five percent less than the specified quantity, then the buyer can terminate the contract unilaterally and confiscate 2% of the seller's PBG and the seller has no right to objections.

• If the contractor submits 10% value of the contract in the form of PBG, deduction of 6% as retention from the running bills is exempted.

• Page on _____day of XXXXX, 2022 which be handled in accordance with the instructions stipulated in the said SPA immediately, we hereby confirmed our client xxxxxxxxxxxxxxxxxxxxx instructed us to issue PBG and delivers to the Buyer’s bank via SWIFT MT760 within two (2) banking days after receive RWA SWIFT MT199 from Buyer’s bank on our counter and we will do that immediately.

More Definitions of PBG

PBG means Performance Bank Guarantee to be submitted by the supplier as the guarantee of performance against the concerned Order.

PBG means Paragon Banking Group PLC (registered number 2336032);

PBG means performance Guarantee

PBG means Performance Bank Guarantee from Nationalized Bank

PBG means Performance Bank Guarantee from a scheduled Bank;

PBG means The Pepsi Bottling Group, Inc., a corporation organized, existing and doing business under and by virtue of the laws of the State of Delaware, with its office and principal place of business located at One Pepsi Way, Somers, New York 10589.

PBG means the Pension Benefit Guaranty Corporation.