Performance Guarantee definition

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 Guarantee means the bank guarantee or other form of security submitted by the contractor to secure obligations under the contract in accordance with the requirement in the bidding document

Performance Guarantee means the amount to be paid by the Successful Tenderer as per relevant clause mentioned elsewhere.

Examples of Performance Guarantee in a sentence

• Subsequent to Solar PV System StartupCOD, Designer/Builder shall be responsible for all activities required to successfully monitor, report, inspect, maintain, repair, wash, and adjust Solar PV System as required to demonstrate Solar PV System’s capability to meet Performance Guarantee output levels for the duration of the two (2) year commissioning term as described herein.

• Training will address Solar PV System operations, safety and maintenance consistent with the Solar PV System Warranty, Performance Guarantee and all operating and maintenance requirements.

• Provider guarantees to Customer that the Actual Generation of the Solar PV System during the True-Up Period, subject to the limitations, terms and conditions stated in the Master Contract, into which this Performance Guarantee Standard Terms (“PeGu”) is incorporated, shall be not less than the product of the Guaranteed Level and the Expected Energy, as adjusted for measured metrological conditions set forth in the “Guaranteed Output Calculations” as incorporated into the NTP for each Site.

• Notwithstanding anything to the contrary in the Contract, the Payment (Labor and Material) Bond and the Performance Bond are not applicable to the Performance Guarantee in Exhibit “B,” nor to any equipment and/or material manufacturer’s warranty or other third-party warranty being assigned to District.

• Guarantee shall be provided in the format depicted in Exhibit “B,” Performance Guarantee and its Attachment “A”: Avoided Energy Price, which is attached hereto and incorporated herein by this reference.

More Definitions of Performance Guarantee

Performance Guarantee means the bank guarantee or CDR submitted by the bidder to secure obligations under the contract in accordance with the requirement in the bidding document

Performance Guarantee means the guarantee provided by the Bidder in favor of UPLC for an amount specified in the RFP. The Performance Guarantee may be in the form of Demand

Performance Guarantee of any Person means (a) any letter of credit, bankers acceptance, surety bond, performance bond, bank guarantee or other similar obligation issued for the account of such Person to support only trade payables or nonfinancial performance obligations of such Person, (b) any letter of credit, bankers acceptance, surety bond, performance bond, bank guarantee or other similar obligation issued for the account of such Person to support any letter of credit, bankers acceptance, surety bond, performance bond, bank guarantee or other similar obligation issued for the account of a Subsidiary, a Joint Venture or a Consortium of such Person to support only trade payables or non-financial performance obligations of such Subsidiary, Joint Venture or Consortium, and (c) any parent company guarantee or other direct or indirect liability, contingent or otherwise, of such Person with respect to trade payables or non-financial performance obligations of a Subsidiary, a Joint Venture or a Consortium of such Person, if the purpose of such Person in incurring such liability is to provide assurance to the obligee that such contractual obligation will be performed, or that any agreement relating thereto will be complied with.

Performance Guarantee means the guarantee to be procured in accordance with

Performance Guarantee means any form of security, including a performance bond, cash escrow, assignment of funds or irrevocable letter of credit, in an appropriate amount and in a form that is satisfactory to the City.

Performance Guarantee means any guarantee by any Person of the performance of the obligations of another Person (other than obligations in respect of payments, indebtedness or other monetary obligations of any kind) under contracts of such other Person to design, develop, manufacture, construct or produce products or production facilities (and related nonmonetary obligations) or to provide services related to any of the foregoing.

Performance Guarantee means a guarantee issued by an insurance company or bank on behalf of the Service Provider to ATNS, wherein the Service Provider guarantees the full and due performance of the Contract according to the plans and Specifications;