Performance Acceptance definition

Performance Acceptance shall apply to the Initial Commercial Products only and shall mean the Parties' mutual certification that the Initial Commercial Products satisfy the Product Performance Criteria set forth in Exhibit C.
Sample 1Sample 2
Performance Acceptance means the condition achieved when UNIT has achieved READY FOR START UP and has satisfactorily passed the performance tests.
Sample 1
Performance Acceptance means, for the Initial Order, Customer's written notification to Seller of the Certificate of Performance Acceptance specified in Exhibit C, that the Products satisfy the Performance Criteria set forth in Exhibit C.
Sample 1

Examples of Performance Acceptance in a sentence

  • In addition to the Salary, the Executive shall be to entitled to participate in the Company's existing short-term incentive plan for executives, as the same may be amended from time to time by the Board, and shall also be entitled to receive a bonus of one-half of his then Salary at the "Performance Acceptance Date" with respect to the Company's electric arc furnace as that term is defined under the Company's Term Loan Agreement as of the Effective Date.

  • Performance: Acceptance by Seattle of unsatisfactory performance with or without objection or reservation shall not waive the right to claim damage for breach, or terminate the contract, nor constitute a waiver of requirements for satisfactory performance of any obligation remaining to be performed by Contractor.

  • The CTI currently offers the following tower testing services as part of the Multi-Agency Testing Program:o Thermal Performance Acceptance Testing.o Thermal Certification Testingo Thermal Performance Status Testing.o Special Tests.o Drift Testing.o Sound Testing.

  • If the Project Panchdeep Operations and Maintenance fails to achieve Performance Acceptance, ESIC may consider termination of the contract and forfeiture of the Contract Performance Guarantee in compensation for the extra costs and delays likely to result from this failure.

  • Shop tests shall be performed in accordance with Section 11000, Equipment General Provisions, and except where stated otherwise herein, shall be conducted in accordance with the latest version of Hydraulic Institute Standard 14.6, Hydraulic Performance Acceptance Tests.

  • For the Initial Order only, SWCO shall certify to Supplier that the Equipment has been accepted upon the successful achievement of the Performance Acceptance Procedure as specified in Article V.

  • The Performance Acceptance Procedure consists of a comparison of test results from a baseline period prior to commercial operation of Products (Baseline Performance Collection Phase) with results from a period of time in which the Products are installed and have been optimized in the SWCO's network (Performance Collection, Evaluation and Acceptance Phase) The Performance Acceptance Procedure consists of separate tests for Analog and CDMA.

  • The Service Provider shall notify ESIC upon completion of the necessary changes, modifications, and/or additions and shall request ESIC to repeat the Performance Acceptance Tests until the Project Panchdeep Operations and Maintenance achieves Performance Acceptance.

  • If Performance Acceptance has been certified, to the extent that there are no uncured Events of Default by either Party, both Parties will perform their obligations under the Initial Order and Metawave shall issue an invoice to Crown for the amount due on the Initial Commercial Products, which amount will be based on the Purchase Prices set forth in Exhibit D.

  • The first day of the Performance Acceptance Period shall be the actual date of installation completion by ISI and the Subcontractor.


More Definitions of Performance Acceptance

Performance Acceptance means the acceptance by the Owner of final Performance of the Project pursuant to the conditions set out hereof and more particularly specified in Schedule [•].
Sample 1
Performance Acceptance. Owner" will review progress of developer on a weekly basis and sign-off on completed portions of the project.
Sample 1
Performance Acceptance means, for the Initial Order, Customer's written notification to Seller of the Certificate of Performance Acceptance specified in Exhibit C, that the Products satisfy the Performance Criteria set forth in Exhibit C. "Performance Acceptance Procedure" shall mean, for the Initial Order, the testing procedures and protocols used to determine Product performance levels as described in Exhibit C. "Performance Criteria" shall mean the [**] set forth in Exhibit C, Section 3.7.3. to be [**] for the [**] Products [**] Initial Order [**] Performance Evaluation Period. "Performance Evaluation Period" shall mean the [**] in Exhibit C 3.7.
Sample 1
Performance Acceptance means that the FACILITIES have been commissioned and successfully operated by SAUDI ARAMCO and the SAUDI ARAMCO operating organization has issued a Performance Acceptance Certificate to Company Representative in accordance with GI 2.710 and the Job Specification.
Sample 1
Performance Acceptance refers to such a fact that Buyer checks and accepts contract equipments when performance acceptance test results indicate that all safety values have been required upon technical agreement under this contract.
Sample 1

Related to Performance Acceptance

  • Performance Bank Guarantee means the irrevocable unconditional bank guarantee to be submitted by the successful bidder as per the RfS.

  • Performance Milestone means an act or event specified in section 5.1 and described in section 9 of the EPLA.

  • XXXX Acceptance Form means the “Acceptance Form for End User License Agreement (for SAP On Premise indirect sales)” which will be provided by SAP on a deal by deal basis.

  • Performance Agreement means an agreement between an HSP and its CEO that requires the CEO to perform in a manner that enables the HSP to achieve the terms of this Agreement and any additional performance improvement targets set out in the HSP’s annual quality improvement plan under the Excellent Care for All Act, 2010;

  • Performance Objective means a standard established by the Committee to determine in whole or in part whether a Performance Award shall be earned.

  • Performance Condition means any performance condition imposed under rule 4.1 (Performance Conditions);

  • Performance Security means monetary guarantee to be furnished by the successful Tenderer for due performance of the contract placed on it. Performance Security is also known as Security Deposit or Performance Bank Guarantee.

  • Performance Award Formula means, for any Performance Award, a formula or table established by the Committee pursuant to Section 10.3 which provides the basis for computing the value of a Performance Award at one or more levels of attainment of the applicable Performance Goal(s) measured as of the end of the applicable Performance Period.

  • Performance Formula means, for a Performance Period, the one or more objective formulae applied against the relevant Performance Goal to determine, with regard to the Performance Compensation Award of a particular Participant, whether all, some portion but less than all, or none of the Performance Compensation Award has been earned for the Performance Period.

  • Performance Share Unit or “PSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 6;

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

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • Conditional Acceptance means a conditional acceptance by the Liquidity Provider of an extension of the Scheduled Termination Date.

  • Confirmation of Acceptance shall have the meaning specified in paragraph 2B(5).

  • Performance Unit Agreement means a written agreement between the Company and a Holder with respect to a Performance Unit Award.

  • Performance Unit Award means an Award granted under Article XI of the Plan under which, upon the satisfaction of predetermined Performance Goals, a cash payment shall be made to the Holder, based on the number of Units awarded to the Holder.

  • Performance Stock Unit means a right granted to a Participant pursuant to Section 8.2, to receive Stock, the payment of which is contingent upon achieving certain Performance Goals or other performance-based targets established by the Committee.

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

  • Performance Share Award means an Award entitling the recipient to acquire shares of Stock upon the attainment of specified Performance Goals.

  • Performance Date means December 31, 2022. If the Locality, in consultation with the Authority and VEDP, deems that good faith and reasonable efforts have been made and are being made by the Company to achieve the Targets, the Locality may, prior to the then-current Performance Date, request an extension of the Performance Date by up to 15 months. Any extension of the Performance Date shall require the prior approval of the Board of Directors of VEDP (the “Board”). If the Performance Date is extended, the Locality shall send written notice of the extension to the Authority, the Company and VEDP and the date to which the Performance Date has been extended shall be the “Performance Date” for the purposes of this Agreement.

  • Performance Objectives means the performance objective or objectives established by the Committee pursuant to the Plan. Any Performance Objectives may relate to the performance of the Company or one or more of its Subsidiaries, divisions, departments, units, functions, partnerships, joint ventures or minority investments, product lines or products, or the performance of the individual Participant, and may include, without limitation, the Performance Objectives set forth in Section 13(b). The Performance Objectives may be made relative to the performance of a group of comparable companies, or published or special index that the Committee, in its sole discretion, deems appropriate, or the Company may select Performance Objectives as compared to various stock market indices. Performance Objectives may be stated as a combination of the listed factors.

  • Performance audit means an objective and systematic assessment of a state agency or agencies or any of their programs, functions, or activities by the state auditor or designee in order to help improve agency efficiency, effectiveness, and accountability. Performance audits include economy and efficiency audits and program audits.

  • Performance Share Units means Performance Share Units granted to an Eligible Individual under Section 9.1(b).

  • Performance Standard means the acceptable range of performance for a Performance Indicator or a Service Volume that results when a Performance Corridor is applied to a Performance Target;

  • Performance Letter of Credit means any standby Letter of Credit which represents an irrevocable obligation to the beneficiary on the part of the Issuing Bank to make payment on account of any default by the account party in the performance of a nonfinancial or commercial obligation.

  • Performance Unit means an Award which may be earned in whole or in part upon attainment of performance goals or other vesting criteria as the Administrator may determine and which may be settled for cash, Shares or other securities or a combination of the foregoing pursuant to Section 10.