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

  • 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.

  • 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.

  • 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.

  • 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 ▇▇▇▇▇▇ Road Option.

  • 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.

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

  • Upon exercise of any of Options 3A-3I, the NTP2 Performance Bond Amount shall be increased in an amount equal to the Option Price allocable to Construction Work for such Option(s) (including any associated Authority Options).

  • Upon the issuance by TxDOT of Segment 2 NTP2, the amount of the Payment Bond shall increase to [ ] [add to the Segment 1 NTP Performance Bond Amount one hundred percent (100%) of the Segment 2 Price allocable to Construction Work (including any Option Work) (equal to Line(s) of Form M-[ ])] (“NTP2 Payment Bond Amount”) in accordance with the Payment Bond rider for Segment 2 included in Exhibit 10 effecting such increase.

  • PPM shall provide Humana with a payment and performance bond ("Performance Bond") initially in the amount of two million dollars ($2,000,000.00) ("Performance Bond Amount"), a copy of which shall be attached hereto and incorporated herein as Attachment J.

  • In addition, such failure to replenish the Performance Bond shall constitute a default by PPM under this Agreement, and Humana may thereafter draw down on the Performance Bond Amount, terminate this Agreement effective upon the earlier of the expiration date of the Performance Bond or thirty (30) days following the end of the seven (7) business day period described above, and hold all proceeds of the bond until completion of the final settlement under the terms of this Agreement.