Performance guarantee bond definition

Performance guarantee bond means for each year of the energy program, the energy performance
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Performance guarantee bond means for each year of the energy program, the energy performance contractor shall provide a performance bond in an amount equal to, but no greater than, the guaranteed measured and verifiable annual savings set forth in the program.
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Performance guarantee bond means the bond executed by the Bidder and its surety in favor of the DNR, guaranteeing the faithful performance of the Contract and subsequent Work Orders and the payment of all debts pertaining to the work.
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Examples of Performance guarantee bond in a sentence

  • If the tenderer quotes unworkable rate i.e. quoted rate of tenderer is lesser than 90.00% of estimated value and is considered for placement of work order, they/he will be asked to justify the rate quoted and will have to give Performance guarantee bond (in addition to the Security Deposit) in the form of Bank Guarantee (In prescribed format as available at our website: www.bpscl.in) issued by any Nationalized/Scheduled Bank in favour of Bokaro Power Supply Company (P) Limited.

  • Performance guarantee bond 5% per as per para 2.2.4 shall be applicable for this tender.

  • If the tenderer quotesnuworkable rate i.e. quoted rate of tenderer is lesser than 90.00% estimated value and is considered for placement of work order, they/he will be asked justify the rate quoted and will have to give Performance guarantee bond (in addition to Secuirty Deposit) in the form of Bank Guarantee (In prescribed format as available at o website: www.bpscl.in) issued by any Nationalized/Scheduled Bank in favour of Boka Power Supply Company (P) Limited.

  • In such case, the submission of the Performance guarantee bond by the Contractor will be in addition to the Security Deposit.

  • The Payson City Transportation Master Plan (TMP) does not allow the design and construction of private roads based on these facts:• Narrower than public roads – conflicts with the International Fire Code (IFC).• Performance guarantee bond not posted.• Not inspected by the City.• Asphalt pavement not properly maintained.• On-street parking causes emergency vehicles response delays and garbage collection challenges.• Concern with prescriptive road statute of taking ownership.

Related to Performance guarantee bond

  • Parent Guarantee means the guarantee by Parent Guarantor of the obligations of the Issuer under this Indenture and the Securities in accordance with the provisions of this Indenture.

  • Guarantee Agreements means the Parent Guarantee Agreement and the Subsidiary Guarantee Agreement.

  • Guarantee Agreement means this Guarantee Agreement, as modified, amended or supplemented from time to time.

  • Guarantee Agency means a state agency or a private nonprofit institution or organization which administers a Guarantee Program within a State or any successors and assignees thereof administering the Guarantee Program which has entered into a Guarantee Agreement with the Trustee on behalf of the Purchaser.

  • Guaranty means, with respect to any Person, any obligation (except the endorsement in the ordinary course of business of negotiable instruments for deposit or collection) of such Person guaranteeing or in effect guaranteeing any Debt, dividend or other obligation of any other Person in any manner, whether directly or indirectly, including (without limitation) obligations incurred through an agreement, contingent or otherwise, by such Person:

  • Guaranteed energy savings contract means a contract that includes all of the following:

  • Guarantee Test(s means the test(s) specified in the Procuring Entity's Requirements to be carried out to ascertain whether the Facilities or a specified part thereof is able to attain the Functional Guarantees specified in the Appendix to the Contract Agreement titled Functional Guarantees, in accordance with the provisions of GCC Sub-Clause25.2 (Guarantee Test) hereof.