Performance Guarantee/ Performance Security definition
Performance Guarantee/ Performance Security has the meaning given to it in Schedule G;
Examples of Performance Guarantee/ Performance Security in a sentence
As soon as practicable after a notice for termination under Clause 16.4 has taken effect, the Authority shall immediately return the Advance Guarantee/ Performance Guarantee/ Performance Security, as the case may be, provided by the Contractor and shall proceed to determine the balance amount of the Contract Price not already paid to the Contractor.
As soon as practicable after a notice for termination under Clause 16.3 has taken effect, the Authority shall immediately return the Advance Guarantee/ Performance Guarantee/ Performance Security, as the case may be, provided by the Contractor and shall proceed to determine the balance amount of the Contract Price not already paid to the Contractor.