We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Performance and Warranty Guarantee definition

Performance and Warranty Guarantee shall have the meaning assigned to it in Section 16.1 below;
Performance and Warranty Guarantee means a guarantee as described in clause 8.2 of the Contract.
Performance and Warranty Guarantee means any of the guarantees regarding defects and performances of the Projects under the relevant EPC.

Examples of Performance and Warranty Guarantee in a sentence

  • The entity issuing the Performance and Warranty Guarantee shall have at least an "A" rating from Xxxxx'x, or an equivalent rating as designated by a nationally recognized ratings firm, and be included in the most recent listing of companies holding Certificates of Authority as Acceptable Sureties on Federal Bonds and as Acceptable Reinsuring Companies, Department of Treasury, Circular 570.

  • The Developer’s obligation to construct Improvements depicted within the Approved Plans shall be secured by a Performance and Warranty Guarantee.

  • In the event, that any of the above circumstances shall occur, Supplier shall immediately and no later than ninety-six (96) hours from ISR's demand, repay ISR for all outstanding amounts received from ISR, without derogating from any of ISR's rights under any law and/or this Agreement, to collect the Performance and Warranty Guarantee or any other right available to ISR under any law and/or this Agreement.

  • For the avoidance of doubt, once the Operator has provided the replacement Performance and Warranty Guarantee, the original Performance and Warranty Guarantee shall cease to have effect.

  • If ISR elects to exercise its rights set forth in 19.1, Supplier shall ensure that the Performance and Warranty Guarantee remains valid until two months following the end of the Warranty Period.

  • No later than seven (7) Business Days following the Effective Date the Supplier shall furnish ISR with an irrevocable autonomous bank guarantee, approved in advance by ISR and issued in the form attached hereto as Annex G2 in the amount equal to five percent (5%) of the Machine Price, valid until two (2) months following the end of the Warranty Period (the "Performance and Warranty Guarantee").

  • In the event, that Supplier shall supply both PRRV and TRRV { in accordance with the outcome of the Tender], then the Performance and Warranty Guarantee shall reflect both the PRRV and TRRV Price.

  • If the downgrading is attributable to the Guarantor and not the market in general, the DEA shall always be entitled to require that a replacement Performance and Warranty Guarantee shall be provided.

  • Until Supplier shall have issued the Performance and Warranty Guarantee as per the above, the Bid Guarantee shall serve as the Performance and Warranty Guarantee for any and all purposes.

  • No later than seven (7) Business Days following the Effective Date the Supplier shall furnish ISR with an irrevocable autonomous bank guarantee, approved in advance by ISR and issued in the form attached hereto as Annex G2 in the amount equal to ten percent (10%) of the BRM Price, valid until two (2) months following the end of the Warranty Period (the "Performance and Warranty Guarantee").


More Definitions of Performance and Warranty Guarantee

Performance and Warranty Guarantee. Shall have the meaning indicated in Section 25.5.1 below.

Related to Performance and Warranty Guarantee

  • Security Guarantee means the guarantee of the Securities executed by each Guarantor and the notation thereof executed pursuant to the provisions of this Indenture.

  • Performance Guarantee means the security to be provided by the Contractor in accordance with Sub Clause 10.1 for the due performance of the Contract.

  • Performance and Guarantee Tests , shall mean all operational checks and tests required to determine and demonstrate capacity, efficiency, and operating characteristics as specified in the Contract Documents.

  • Performance and Guarantee Test means all operational checks and tests required to determine and demonstrate capacity, efficiency and operating characteristics as specified in the Contract Documents.

  • Facility Guaranty means the Guaranty made by the Guarantors in favor of the Agent and the other Credit Parties, in form reasonably satisfactory to the Agent.

  • Guarantee used as a verb has a corresponding meaning.

  • Permitted SBIC Guarantee means a guarantee by the Borrower of Indebtedness of an SBIC Subsidiary on the SBA’s then applicable form, provided that the recourse to the Borrower thereunder is expressly limited only to periods after the occurrence of an event or condition that is an impermissible change in the control of such SBIC Subsidiary (it being understood that, as provided in clause (s) of Article VII, it shall be an Event of Default hereunder if any such event or condition giving rise to such recourse occurs).

  • 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;

  • Parent Guarantee means the guarantee by Parent Guarantor of the obligations of the Issuer under this Indenture and the Securities in accordance with the provisions of this Indenture.

  • security guard means an employee defined as a “guard” or a “security guard” in terms of the Basic Conditions of Employment Act, 1983;

  • Consumer Guarantee means a right or guarantee the Customer may have under the Australian Consumer Law or other rights in relation to the supply of goods or services (such as terms implied into a contract) that cannot lawfully be excluded.

  • CONSTRUCTION GUARANTEE means a guarantee at call obtained by the contractor from an institution approved by the employer in terms of the employer's construction guarantee form as selected in the schedule

  • Guaranteed Energy Production or “GEP” has the meaning set forth in Section 3.1(e)(ii).

  • Performance Data means a rating, ranking, quotation, discussion or analysis regarding an aspect of the investment performance of an investment fund, an asset allocation service, a security, an index or a benchmark;

  • Loan guarantee means any State or federal government

  • Guaranteed Agreement means the Framework Agreement and each Call-Off Contract made between the Supplier and each Other Contracting Body;

  • Financial guarantee means a performance bond, maintenance bond, surety bond, irrevocable letter of credit, or similar guarantees submitted to the [administering authority] by the responsible party to assure that requirements of the ordinance are carried out in compliance with the storm water management plan.

  • Guaranteed analysis means the minimum percentage of each plant nutrient guaranteed or claimed to be present.

  • Completion Guaranty means the Guaranty of Completion and Payment of even date herewith from Indemnitor for the benefit of Lender, as amended from time to time.

  • Performance Guarantees means specific measurement indicators assigned to Contract tasks representing timeliness and quality of task output.

  • Performance Report has the meaning set out in clause 8.2;

  • Performance Assurance means collateral in the form of cash or letters of credit, or other security acceptable to the requesting Party.

  • Guaranty means, with respect to any Person, any obligation (except the endorsement in the ordinary course of business of negotiable instruments for deposit or collection) of such Person guaranteeing or in effect guaranteeing any indebtedness, dividend or other obligation of any other Person in any manner, whether directly or indirectly, including (without limitation) obligations incurred through an agreement, contingent or otherwise, by such Person:

  • Guarantees As defined in the preamble hereto.

  • Guarantee Test(s means the test(s) specified in the Procuring Entity's Requirements to be carried out to ascertain whether the Facilities or a specified part thereof is able to attain the Functional Guarantees specified in the Appendix to the Contract Agreement titled Functional Guarantees, in accordance with the provisions of GCC Sub-Clause25.2 (Guarantee Test) hereof.

  • Guaranteed Liabilities means all moneys, obligations and liabilities expressed to be guaranteed by the Guarantor in clause 2.1;