Proposal Security means the proposal bond or letter of credit as described in Section 3.3 of Exhibit B to the ITP.
Proposal Security means a certified check in the amount of $25 million payable to IFA or the proposal bond as described in Section 3 of Exhibit C to the ITP.
Examples of Proposal Security in a sentence
Forfeiture of Proposal Security in accordance with Section 4.6 of the ITP will constitute liquidated damages.
More Definitions of Proposal Security
Proposal Security means either a Proposal Bond or a Proposal Letter of Credit.
Proposal Security means the security provided by the Selected Bidder to the Authority along with the Bid / Proposal in the sum of INR ………….. (Rupees crore) in accordance with the Instructions to Bidders (ITB) and which is to remain in force until substituted by the Construction Performance Security.
Proposal Security bears the meaning ascribed thereto in the Power Purchase Agreement;
Proposal Security means bid security
Proposal Security means the Proposal Bond or the Proposal Letter(s) of Credit, as applicable.
Proposal Security or "Bid Security" means the unconditional bank guarantee in the amount at the rate of USD 5000 (five thousand) per MW or equivalent BDT issued by a scheduled bank in Bangladesh delivered to BPDB to secure (a) the obligations of the Bidder to maintain its Proposal in effect until the issue of the Letter of Intent and (b) thereafter, the obligations of the Company to furnish Performance Security Deposit and execute and deliver the Project Agreements within thirty (30) Days or any other day notified by the BPDB after the issuance of the Letter of Intent.
Proposal Security means the proposal bond or letter of credit as described in Section 3.3 of Exhibit B to the ITP. For purposes of clarity, the Proposal Security shall be either a conforming Proposal Bond or conforming Proposal Letter of Credit, but not both.