Purchaser’s Performance definition

Purchaser’s Performance. Bond” has the meaning ascribed to it in Section 2.2(b) of this Agreement;
Sample 1

Examples of Purchaser’s Performance in a sentence

  • Such Purchaser’s Performance Security will not be required after the Commercial Operation Date if the Purchaser’s senior unsecured debt rating at any time is rated at or above a Standard & Poor’s rating of “A-” or a Xxxxx’x rating of A3 (such rating levels to be equitably adjusted if either rating agency were in the future to change its rating standards).

  • If Seller at any time has reasonable grounds to believe that Purchaser’s or Purchaser’s Performance Assurance provider’s creditworthiness or performance under this Agreement has or will become unsatisfactory, or if Purchaser or Purchaser’s Performance Assurance provider experiences a Downgrade Event, then Seller may by written notice require Purchaser to provide Performance Assurance within three (3) Business Days.

  • In the event credit is provided by Rohrer to Purchaser (in which case the terms of the applicable Credit Agreement shall govern and control over this Agreement), or Performance Assurance (as hereinafter defined) is required by Rohrer of Purchaser, Purchaser shall provide to Rohrer, as requested by Rohrer, such annual or interim reports containing Purchaser’s and/or Purchaser’s Performance Assurance provider’s consolidated financial statements for a particular fiscal year or accounting period, as requested.

  • To the extent any Purchaser’s Performance Assurance is held in cash and is subsequently drawn upon, Purchaser shall replenish such Purchaser’s Performance Assurance in cash by the amount of any such draw within fifteen (15) Business Days of such draw.

  • OBLIGATION TO CLOSE 27 8.1. Accuracy of Representations; Purchaser’s Performance 27 8.2. Additional Documents 27 8.3. No Injunction 27 9.

  • After being required to provide Purchaser’s Performance Assurance, Purchaser will maintain such Purchaser’s Performance Assurance during any period that Purchaser fails to qualify as a Creditworthy Entity.

  • Purchaser’s Performance Assurance shall be released upon Purchaser’s notice and sufficient evidence that it qualifies as a Creditworthy Entity, or upon the first date that both the Term has ended and Purchaser has satisfied all of its payment obligations to Seller under this Agreement.

  • To the extent of any draw or demand upon the Purchaser’s Performance Assurance, Purchaser shall replenish such Purchaser’s Performance Assurance within fifteen (15) Business Days of such draw or demand, for example, by delivering to Seller a supplemental letter of credit in the amount of any such draw or demand, as applicable.

  • Thus, there are concerns about double recovery if individual headright owners andFLETCHER v.

  • In the event credit is provided by Lee Brass to Purchaser, or Performance Assurance (as hereinafter defined) is required by Lee Brass of Purchaser, Purchaser shall provide to Lee Brass, as requested by Lee Brass, such annual or interim reports containing Purchaser’s and/or Purchaser’s Performance Assurance provider’s consolidated financial statements for a particular fiscal year or accounting period, as requested.

Related to Purchaser’s Performance

  • Basket Performance means a decimal number calculated by applying the following formula: BP = ∑ W ×iX ⎛⎜⎜i=1 ⎝ Underlyingi,FINAL ⎞⎟⎠Underlyingi,INITIAL ⎟ where: BP = Basket Performance X = 4 Wi = Weighting of the relevant Underlying Underlying i,FINAL Underlying i,INITIAL= Reference Price of the relevant Underlying with respect to the Valuation Date = Initial Price of the relevant Underlying

  • Unsatisfactory Performance means any of the following:

  • Total Performance means that the entire Work, except those items arising from the provisions of any warranty, have been performed in accordance with the Contract;

  • Index Performance means, in relation to an Index and an Auto-Call Valuation Date or the Valuation Date, as the case may be, a percentage calculated by the Calculation Agent in respect of such date in accordance with the following formula: Index Performance =Final Index Level × 100% Initial Index Level

  • human performance means human capabilities and limitations which have an impact on the safety and efficiency of aeronautical operations;

  • Non-Performing Party The Party who is in breach of, or is otherwise failing to perform, its obligations under this Agreement.

  • Substantial Performance means the stage of completion when:(a) all Work, as certified by the Contract Administrator, is capable of completion or correction at a cost of not more than:

  • Environmental Performance means all or any of the following: the consumption of energy and associated generation of greenhouse gas emissions; the consumption of water; waste generation and management; and any other environmental impact arising from the use or operation of the Premises or the Estate;

  • Performance has the meaning ascribed to it in the Copyright Act 98 of 1978, as amended from time to time, and the words “Perform” and “Performed” and

  • Non-Performing Loans means, with respect to any Bank Subsidiary at any time, the aggregate principal amount (including any capitalized interest) of all nonaccruing loans of such Bank Subsidiary plus the aggregate principal amount of all loans of such Bank Subsidiary that are ninety (90) days or more past due and still accruing minus the Guaranteed Loan Amount of such Bank Subsidiary, in each case at such time.

  • Certificate of Total Performance means a certificate issued indicating that the Work has been achieved;

  • Non-Performing Assets means an asset classified as non-performing based on the instructions and guidelines issued by the Reserve Bank of India from time to time

  • Extreme performance coating means coatings designed for harsh exposure or extreme environmental conditions.

  • Non-Performing Mezzanine Investments means Mezzanine Investments other than Performing Mezzanine Investments.

  • Publicly Perform means to perform public recitations of the Work and to communicate to the public those public recitations, by any means or process, including by wire or wireless means or public digital performances; to make available to the public Works in such a way that members of the public may access these Works from a place and at a place individually chosen by them; to perform the Work to the public by any means or process and the communication to the public of the performances of the Work, including by public digital performance; to broadcast and rebroadcast the Work by any means including signs, sounds or images.

  • Any one illness means continuous Period of illness and it includes relapse within 45 days from the date of last consultation with the Hospital/Nursing Home where treatment may have been taken.

  • Key Performance Indicators or “KPIs” means the performance measurements and targets set out in Part 3 of Schedule 1 (Services) of this Framework Agreement;

  • Non-Performing Second Lien Bank Loans means Second Lien Bank Loans other than Performing Second Lien Bank Loans.

  • Non-Performing First Lien Bank Loans means First Lien Bank Loans other than Performing First Lien Bank Loans.

  • Schedule of Performance means that schedule of performance, attached hereto as Exhibit G and incorporated herein, setting forth the timelines for Milestones in the design, development, construction, and completion of the Project (including a construction timeline in customary form) together with the dates for submission of documentation required under this Agreement, which schedule shall be attached to the Development Plan and to the Declaration.

  • Control Performance Standard or “CPS” shall mean the reliability standard that sets the limits of a Balancing Authority’s Area Control Error over a specified time period.

  • Key Performance Indicator means a measure that captures the performance of a critical variable to expand and improve community-based corrections programs to promote offender success, ensure accountability, enhance public safety, and reduce recidivism.

  • Non-Performing Equipment Note means an Equipment Note issued pursuant to an Indenture that is not a Performing Equipment Note.

  • Standard of performance means a standard for emission of air pollutants which reflects the degree of emission limitation achievable through the application of the best system of emission reduction which (taking into account the cost of achieving such reduction) the Director determines has been adequately demonstrated.

  • Capacity Performance Resource means a Capacity Resource as described in Tariff, Attachment DD, section 5.5A(a).

  • Annual performance report means a written appraisal of the teaching staff member's performance prepared by the teaching staff member’s designated supervisor based on the evaluation rubric for his or her position.