Performance Bond Amount definition

Performance Bond Amount means the sum of £10,800 per MW contracted due to the Company prior to the execution of this Agreement which will form security against any of the events listed in Clause 4;
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Performance Bond Amount means the amount specified in Item 8 of Attachment A.
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Performance Bond Amount means $[insert], multiplied by the CPI Multiplier between the date on which the relevant Performance Bond is provided and the Effective Date. PWM is the Passenger Weighted Minutes (as determined within Schedule 7 for the Franchise Agreement – Train dated 31 August 2009) incurred by the Access Provider across the Network in the relevant calendar month. Quarter means any calendar quarter commencing on 1 January, 1 April, 1 July or 1 October in any year, provided that:
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Examples of Performance Bond Amount in a sentence

  • To the extent applicable, in accordance with Section 2252.064, Texas Government Code, Contractor will provide College with a Performance Bond in the amount of $ (Performance Bond Amount) for each year during the Initial Term and any Renewal Term of this Agreement.

  • In the event the entire Contract Price has been paid in whole or in part by the County and the Work is determined to be incomplete or defective in accordance with the terms of the Contract, the Surety is obligated to complete the Contract in an amount not to exceed the Performance Bond Amount, except as provided herein.

  • Notwithstanding Sections 3.4.3 and 3.4.4 of the General Conditions, upon issuance of Limited NTP2 the amount of the Payment Bond and Performance Bond shall increase automatically to the NTP2 Payment Bond Amount and NTP2 Performance Bond Amount, respectively.

  • The Performance Bond Amount shall cover all costs invoiced by third party vendors to the County that exceed the cost in the Contract (to include phases) or costs already paid by the County to Contractor, but not exceeding the Performance Bond Amount (excluding other costs and damages for which Surety may be liable hereunder).The Surety’s monetary obligation under this Bond is limited to the Performance Bond Amount identified herein, except as otherwise provided.

  • If a Court of competent jurisdiction finds that the Surety is in breach hereunder, the Court shall award the County three times the actual damages sustained by the County as a result of the Surety’s default, which amount shall not be limited to the Performance Bond Amount.

  • Upon exercise of the H-West Option, the NTP2 Performance Bond Amount shall be increased in an amount equal to the Option Price for the Xxxxxx Road Option.

  • Should this Agreement terminate before the Performance Bond Amount is fully paid up, the Company is entitled to deduct the full Performance Bond Amount from earnings otherwise owing to the Interest shall be calculated and credited to the at a rate equal to the rate of interest that would have been paid by the Canadian Imperial Bank of Commerce had such monies been deposited in an ordinary savings account at the Branch for the relevant period of time.

  • If TxDOT issues a DWC NTP during the Option Period, the Price and Maximum Payment Schedule will be adjusted in accordance with Sections 4.1 and 4.2.1 of this DBA and DB Contractor shall deliver a new Payment Bond and Performance Bond (or riders thereto) increasing the NTP2 Payment Bond Amount and NTP2 Performance Bond Amount, respectively, by the amounts specified for the applicable DWC in Section 5.1 of this DBA.

  • The Concessionaire shall ensure that the Performance Bond is maintained in the amount equal to at least the Performance Bond Amount at all times during the Performance Bond validity period.

  • Should this Agreement terminate before the Performance Bond Amount is fully paid up, the Company is entitled to deduct the full Performance Bond Amount from earnings otherwise owing to the Owner/Operator.

Related to Performance Bond Amount

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

  • Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of all distributions per Unit of that Class during the Performance Bonus Term exceeds $25.00.

  • Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).

  • Monthly Debt Service Payment Amount means, for each Monthly Payment Date, an amount equal to the amount of interest which is then due on all the Components of the Loan in the aggregate for the Interest Period during which such Monthly Payment Date occurs.

  • Maturity Payment Amount shall have the meaning set forth in Section 2 of this Annex A.

  • Payout Amount means the vested portion of the Final Amount expressed as an amount of cash equal to the Fair Market Value of the shares of Stock underlying the RSUs and related Dividend Equivalents.

  • 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.

  • Undrawn Amount means, with respect to any Letter of Credit, at any time, the maximum amount available to be drawn under such Letter of Credit at such time and “Undrawn Amounts” means, at any time, the sum of all Undrawn Amounts at such time.

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

  • Maximum Undrawn Amount means with respect to any outstanding Letter of Credit, the amount of such Letter of Credit that is or may become available to be drawn, including all automatic increases provided for in such Letter of Credit, whether or not any such automatic increase has become effective.

  • Payment Amount as defined in Section 3.5.

  • Target Overcollateralization Amount means, with respect to any Payment Date, 3.00% of the Adjusted Pool Balance as of the Cut-off Date. Notwithstanding the foregoing, the Target Overcollateralization Amount shall not exceed the Adjusted Pool Balance on such Payment Date.

  • Class A-PO Optimal Principal Amount As to any Distribution Date, an amount equal to the sum of (I) the sum as to each Outstanding Mortgage Loan, of the product of (x) the PO Fraction with respect to such Mortgage Loan and (y) the sum of:

  • Capitalization Reimbursement Amount As to any Distribution Date, the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of the related Mortgage Loans during the prior calendar month and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date pursuant to Section 3.10(a)(vii), plus the Capitalization Reimbursement Shortfall Amount remaining unreimbursed from any prior Distribution Date and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date.

  • 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.

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Required Spread Account Amount means, for the March 2012 Payment Date and the April 2012 Payment Date, zero, and for any Payment Date thereafter, the product of (i) the Spread Account Percentage in effect on such date and (ii) during (x) the Revolving Period, the Collateral Amount, and (y) during the Controlled Accumulation Period or the Early Amortization Period, the Collateral Amount as of the last day of the Revolving Period; provided that, prior to the occurrence of an Event of Default and acceleration of the Series 2012-1 Notes, the Required Spread Account Amount will never exceed the Class C Note Principal Balance (after taking into account any payments to be made on such Payment Date).

  • Final Payment Percentage is five percent (5.00%).

  • Cash Contribution Amount means the aggregate amount of cash contributions made to the capital of the Issuer or any Guarantor described in the definition of “Contribution Indebtedness.”

  • Bond Year means, unless otherwise provided in the Supplemental Indenture authorizing a Series of Bonds, the period commencing on the first day of July in each year and ending on the last day of June of the following year.

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

  • Class A Non-PO Optimal Principal Amount As to any Distribution Date, an amount equal to the sum, as to each Outstanding Mortgage Loan, of the product of (x) the Non-PO Fraction with respect to such Mortgage Loan, and (y) the sum of:

  • CVR Payment Amount means with respect to each CVR Payment and each Holder, an amount equal to such CVR Payment divided by the total number of CVRs and then multiplied by the total number of CVRs held by such Holder as reflected on the CVR Register.