Performance Bond Facility definition

Performance Bond Facility means a facility extended to the Company by the Performance Bond Provider in accordance with the terms of the Performance Bond Facility Agreement for the issuance of the Concession Contract Performance Bond and subordinated to amounts owed to the Senior Secured Creditors under the Senior Finance Documents in accordance with the Deed of Appointment and Priority.
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Performance Bond Facility means any facility entered or to be entered into by a member of the Group for the purpose of issuing a Performance Bond.
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Performance Bond Facility means the performance bond issuance facility made available under this Agreement as described in paragraph (c) of Clause 2.1 (The Facility) and paragraph (b) of Clause 3.1 (Purpose).
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Examples of Performance Bond Facility in a sentence

  • Receipt by the Intercreditor Agent of evidence that the Concession Contract Performance Bond has been issued under the Performance Bond Facility as required by Article 61 of the Concession Contract.

  • In addition, there is was S$1.0 million provision on corporate guarantee in relation to a claim made by Songkhla Biomass Co Ltd (“SKB”) under a Performance Bond Facility provided to Industrial Power Technology Pte Ltd (“IPT”).

  • A line fee will be payable on the face value of the issuedperformance bonds at a rate of 3.5% p.a. (for amounts not cash collateralised) and 1.25% p.a. (for amounts that are cash collateralised).Both the Pre-Export Facility and the Performance Bond Facility, as well as hedging, will be supported by a security package and will benefit from agreed financial undertakings and required minimum account balances.

  • The difference is largely due to overestimating the extent of usage of the Performance Bond Facility.

  • For the Kayelekera Uranium Project the Group has accepted credit committee approved offers of financing totalling US$167M, consisting of a seven year Project Finance Facility of US$145M, a Standby Cost Overrun Facility of US$12M and a Performance Bond Facility of US$10M.

  • The parties to this Amendment and Restatement Agreement are Parties to a facility agreement entered into in connection with an Equipment Supply Facility, a General Facility and a Performance Bond Facility dated 13 May 2004 (the "Agreement").

  • Other than with respect to the Performance Bond Facility described in Section 2.1 and any refinancing of the Senior Bank Debt following the Signing Date, the Companies agree that neither they nor any Affiliates will, so long as this Underwriting Agreement is in effect, appoint any other party or parties to arrange, underwrite or otherwise provide any senior bank debt financing for the Project.

  • The Performance Bond Facility was designed to give these enterprises the opportunity to resume tendering for export contracts by providing them with the means to arrange these type of bank guarantees.

  • Except as allowed by the terms of the Security Trust and Intercreditor Deed, the Company must not (and will ensure that no other member of the Restricted Group will) pay any amount of principal, interest or other amount outstanding under or relating to any Performance Bond Facility.

  • Principal repayments will begin on 31 March 2016 and also be payable quarterly on a sculpted amortisation profile.HGO has also entered into a Performance Bond Facility with Macquarie Bank Limited (MBL) under which MBL has provided commitments to issue up to A$20 million of performance bonds to support Kanmantoo's environmental rehabilitation bonding with the South Australian Government and document security requirements.


More Definitions of Performance Bond Facility

Performance Bond Facility means the facility extended to the Company by the Performance Bond Provider in accordance with the terms of the Performance Bond Facility Letter for the issuance of the Performance Bond and any replacement facility for the issuance of the Performance Bond.
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Related to Performance Bond Facility

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

  • 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.

  • Energy facility means an energy plant or transmission

  • On-site facility means a structural BMP located within the subject property boundary described in the permit application for land development activity.

  • Facility Site means the site described in Schedule B. “FERC” means the Federal Energy Regulatory Commission.

  • Eligible facility means any hospital, skilled nursing facility, intermediate care facility, or basic care facility licensed by the state department of health, or any assisted living facility licensed by the department of human services; and

  • Project Facility means facility being one or more of the following facilities as specified in the Special Conditions of Contract, being developed in accordance with the Project and the Detailed Project Implementation Report and includes all its buildings, equipment, facilities, software and systems and includes without limitation, where the circumstances so require, any expansion thereof from time to time and may include any new location to be separately mentioned in the Special Conditions of Contract.

  • Test Facility means any WRAS suitably accredited test laboratory;

  • Generating Facility means the Generating Unit(s) comprising Seller’s power plant, as more particularly described in Section 1.02 and Exhibit B, including all other materials, equipment, systems, structures, features and improvements necessary to produce electric energy and thermal energy, excluding the Site, land rights and interests in land.

  • Renewable energy facility means an electric generation unit or other facility or installation that produces electric energy using a Renewable Energy Source.

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

  • EPC Contract means the Seller’s engineering, procurement and construction contract with the EPC Contractor.

  • Existing Facility means a facility in existence on any given date, newly constructed or altered.

  • Pollution control facilities means water and air pollution control equipment and solid waste disposal facilities or any of them.

  • Liquidity Facilities means, collectively, the Class A Liquidity Facility and the Class B Liquidity Facility.

  • nuclear facility means, except as otherwise agreed to by the Underwriter, any of the following, provided that Nuclear Material is contained therein or being used therewith or Nuclear Material is present at the site where the same is located:

  • waste disposal facility means an individual or entity that has been issued a medical marijuana waste disposal facility license by the Department to dispose of medical marijuana waste as authorized in Oklahoma law and these Rules.

  • Eligible Project Costs means such portion of the Project costs disbursed and loaned from the OPWC to the Recipient for the sole and express purpose of acquiring, constructing, reconstructing, expanding, improving, engineering and equipping the Project, other direct expenses, and related financing costs thereto.

  • Utility facility means any pipe, pipeline, duct, wire line, conduit, pole, tower, equipment or other structure used for one of the following:

  • Eligible Letter of Credit means, as of any date of determination thereof, a Letter of Credit which supports the purchase of Inventory, (i) which Inventory does not constitute Eligible In-Transit Inventory and for which no documents of title have then been issued, (ii) which Inventory, when completed, otherwise would constitute Eligible Inventory, (iii) which Letter of Credit has an expiry within thirty (30) days of the date of initial issuance of such Letter of Credit, and (iv) which Letter of Credit provides that it may be drawn only after the Inventory is completed and after documents of title have been issued for such Inventory reflecting the Borrower, a Subsidiary Guarantor or the Administrative Agent as consignee of such Inventory.

  • Resource recovery facility means a solid waste facility

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • LNG facility means a terminal which is used for the liquefaction of natural gas or the importation, offloading, and re-gasification of LNG, and includes ancillary services and temporary storage necessary for the re-gasification process and subsequent delivery to the transmission system, but does not include any part of LNG terminals used for storage;

  • City Facility means any building, structure, property, park, open space, or vehicle, owned or leased by the City, its agents, agencies, or departments.

  • Eligible project means 1 or more of the following projects of a local unit that have been approved by the director and the state treasurer, including costs associated with a project necessary for issuance of evidences of indebtedness to finance the project:

  • Triage facility means a short-term facility or a portion