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

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

  • 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.

  • 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.

  • 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”).

  • The creation of a Labor- Management Forum involves the open sharing of information at the earliest pre-decisional stage thereby engendering mutual trust and respect to better serve the Employer’s mission.

  • The facilities comprise a US$50m senior secured Cash Advance Facility and a A$4.5m Environmental Performance Bond Facility.

  • The term of the General Facility is 2.5 years from the date of drawdown of the original loan.The 3G Performance Bond Facility is a facility for the issuance of certain performance bonds required by OFTA under the terms of the 3G Licence to be issued to OFTA in the years 2004–2010 inclusive.REASONS AND BENEFITS OF THE TRANSACTIONSThe Company currently provides mobile telecommunication services pursuant to the 2G licence.

  • 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.

  • On 17 June 2003 the Company announced that it had signed a letter of offer with Macquarie Bank Limited (“MBL”) under which MBL would provide a Performance Bond Facility for up to $2.75 million to replace existing bonds over the Drummond Basin project tenements.

  • 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.

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 Letter of Credit of the Borrower or a Guarantor that is issued for the benefit of a municipality, other governmental authority, utility, water or sewer authority, or other similar entity for the purpose of assuring such beneficiary of the Letter of Credit of the proper and timely completion of construction work.

  • 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 shall have the meaning set forth in the recitals to the Facility Site Lease.

  • Eligible facility means a gas-fired electric generation facility with a nominal capacity of 1,000 MW or less.

  • 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.

  • 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.

  • 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;