Performance Security Amount definition

Performance Security Amount has the meaning given in item 19 of the Reference Details.
Sample 1Sample 2
Performance Security Amount means an amount equal to the Net Project Incentive multiplied by a percentage equal to 100% minus the Performance Security Reduction;
Sample 1Sample 2
Performance Security Amount means an amount as calculated and adjusted in accordance with Schedule N (Performance Security Amount).
Sample 1Sample 2

Examples of Performance Security Amount in a sentence

  • In the event, the bidder is not successful in completing the trial order to the satisfaction of NPL, PO may be short closed and appropriate cost may be recovered from the payable/s to the contractor or from Performance Security Amount.

  • For the bid price of the bidder selected for acceptance is more than 15 (fifteen) percent below of the cost estimate, the performance security amount shall be determined as follows: Performance Security Amount = [(0.85 x Cost Estimate – Bid Price) x 0.5] + 5% of Bid Price.

  • The amount of the earnest money for Rs. 5.00 Lacs and FDR/CDR/TDR against 5% Performance Security Amount deposited at the time of placement of work order shall be forfeited in case of breach of any term or condition by the contractor.

  • Unless otherwise expressly provided in this Agreement, all costs and expenses incurred in connection with the preparation, negotiation and implementation of this Agreement and the transactions contemplated hereby shall be borne by the Party incurring such costs and expenses.

  • Performance Securityi) The successful Bidder shall deliver to the Purchaser a PerformanceSecurity in cash or Bank Guarantee acceptable to the Purchaser equivalent to 5% of the Quotation amount.ii) For the bid price less than 15 percent of the cost estimate, the performance security amount shall be determined as follows: Performance Security Amount =[ (0.85 x Cost Estimate –Bid Price) x 0.5] + 5% of Bid Price.The Bid Price and Cost Estimate shall be inclusive of VAT.

  • In case of the Performance Security Amount Bank Guarantee being invoked and forfeited by the Employer, the Contractor would immediately replenish the amount of Performance Security Bank Guarantee.

  • Sindh Public Procurement Regulatory Authority | www.pprasindh.gov.pk2.1 Provision of Site: On the Commencement Date3.1 Authorized person: 3.2 Name and address of Engineer’s/Procuring Agency’s representative 4.4 Performance Security: Amount Validity (Form: As provided under Standard Forms of these Documents) 5.1 Requirements for Contractor’s design (if any):Specification Clause No‘s 7.2 Programme: Time for submission: Within fourteen (14) days* of the Commencement Date.

  • To cause or make an electronic communication from one person, place or electronic communication device to only one other person, place or electronic communication device.

  • This Performance Security Amount shall be valid for 18 months from the date of execution of the Agreement.The Managing Director of the Matsya Mahasangh has the full right to forfeit the Security Amount if there is any misrepresentation of facts, the equipments supplied are of poor quality or discrepancy is found in the supply of the equipments by the successful bidder or non performance of works in lieu of the agreement.

  • If the work is not completed in time, the Performance Security Amount will be forfeited.


More Definitions of Performance Security Amount

Performance Security Amount means (a) Four Million Ninety Five Thousand Dollars ($4,095,000) for the period beginning on the date that is fifteen (15) days after the Effective Date and ending on the Commencement Date, and (b) the amount set forth on Appendix N for each Contract Year during the Delivery Term; provided, that if a Performance Security Adjustment Date described in clause (b) of such defined term occurs, the Performance Security Amounts set forth on Appendix N shall automatically be updated in accordance with Appendix N to reflect the increase in Buyer’s Share and Expected RA Capacity.
Sample 1
Performance Security Amount means an amount as calculated and adjusted in accordance with Schedule K (Performance Security Amount).
Sample 1
Performance Security Amount has the meaning ascribed thereto in Section 10.14.1.
Sample 1
Performance Security Amount has the meaning set forth in Section 5.4.
Sample 1
Performance Security Amount shall have the meaning ascribed thereto in clause 8.1.1 of this Agreement
Sample 1
Performance Security Amount. [Insert maximum amount] as may be reduced by the applicable percentage set out in Table A below in the event that the Participant achieves and maintains the stated Credit Rating, as evidenced to the IESO to the IESO’s satisfaction in its sole discretion. Credit Rating Reduction in Performance Security Amount Amount ($) $ $ $ $ EXHIBIT "D" M&V PLAN
Sample 1

Related to Performance Security Amount

  • Performance Security means monetary guarantee to be furnished by the successful Tenderer for due performance of the contract placed on it. Performance Security is also known as Security Deposit or Performance Bank Guarantee.

  • Additional Performance Security shall have the meaning set forth in Clause 7.1;

  • Interest Free Security Deposit/ Performance Security means interest free amount to be deposited by the Licensee with DMRC as per terms and conditions of License Agreement as a security against the performance of the License Agreement.

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • Performance Bond means the financial security for performance a USF Service Provider must furnish in accordance with section 54 of this RFA;

  • Qualified Performance-Based Award means an Award intended to qualify for the Section 162(m) Exemption, as provided in Section 11.

  • Cash Performance Award means an Award that is denominated by a cash amount to an Eligible Person under Section 10 hereof and payable based on or conditioned upon the attainment of pre-established business and/or individual Performance Goals over a specified performance period.

  • Performance-Based Restricted Stock means Shares issued or transferred to an Eligible Individual under Section 9.2.

  • Performance Cash means any cash incentives granted pursuant to Article 9 payable to the Participant upon the achievement of such performance goals as the Committee shall establish.

  • Performance Bank Guarantee means the irrevocable unconditional bank guarantee to be submitted by the successful bidder as per the RfS.

  • Performance Cash Award means an award of cash granted pursuant to the terms and conditions of Section 6(c)(ii).

  • Performance Percentage means the factor determined pursuant to a Performance Schedule that is to be applied to a Target Award and that reflects actual performance compared to the Performance Target.

  • Performance-Based Cash Award means a cash Award under Article XI of this Plan that is payable or otherwise based on the attainment of certain pre-established performance goals during a Performance Period.

  • Performance Stock means a Target Number of Shares granted pursuant to Section 10(a) of the Plan.

  • Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of all distributions per Unit of that Class during the Performance Bonus Term exceeds $25.00.

  • Energy Performance Score means the numeric rating generated by Portfolio Manager that compares the Energy usage of the building to that of similar buildings.

  • Performance Assurance means collateral in the form of cash or letters of credit, or other security acceptable to the requesting Party.

  • Performance Limits means the performance limits specified in the section of this Certificate titled Performance Limits.

  • Qualified Performance-Based Compensation means any compensation that is intended to qualify as “qualified performance-based compensation” as described in Section 162(m)(4)(C) of the Code.

  • Deactivation Avoidable Cost Credit means the credit paid to Generation Owners pursuant to Tariff, Part V, section 114.

  • Performance Year means the calendar year prior to the year in which an Annual Award is made by the Committee.

  • Performance Award means any right granted under Section 6(d) of the Plan.

  • Performance Letter of Credit means any standby Letter of Credit which represents an irrevocable obligation to the beneficiary on the part of the Issuing Bank to make payment on account of any default by the account party in the performance of a nonfinancial or commercial obligation.

  • energy performance certificate means a certificate which complies with regulation 6 of the Energy Performance of Buildings (Scotland) Regulations 2008,

  • Availability Incentive Payments has the meaning set forth in the CAISO Tariff.

  • Performance Grant means an Award subject, in part, to the terms, conditions and restrictions described in Section 9, pursuant to which the recipient may become entitled to receive cash, Class A Shares, Other Real Goods Securities or property, or other forms of payment, or any combination thereof, as determined by the Committee.