Performance Security definition
Examples of Performance Security in a sentence
The letter of award shall request the successful tenderer to furnish the Performance Security within 21 days of the date of the letter.
We further undertake to indemnify you for any cost, loss or liability incurred by you as a result of our failure to comply with the terms of this Performance Security.
This Performance Security shall be valid until [insert the date by which the vendor should complete all the services as indicated in the contract].
Any claims hereunder must be submitted to us not later than the said expiry date, after which date this Performance Security automatically becomes null and void.
Nothing in or relating to this Performance Security shall be deemed a waiver, express or implied, of any of the privileges and immunities of the International Organization for Migration as an intergovernmental organization.