Warranty Bond definition

Warranty Bond means an unconditional and irrevocable bank guarantee for an amount determined by Endeavour Energy, having regard to the value of the Network Connection Works which is:

Warranty Bond means the insurance bond on first demand equal to 15 % (fifteen per cent) of the Consideration, issued by a first-class insurance company which has been attributed, at least a S&P A-rating or which, in any case, satisfies the Principal and the Financing Entity;

Warranty Bond means the warranty bond to be provided by the Design- Builder on the Acceptance Date, as described and maintained pursuant to subsection 10.2(B) (Warranty Bond).

Examples of Warranty Bond in a sentence

• The Contract is incorporated by reference into this Warranty Bond (“Bond”).

• Upon execution of this Agreement, Contractor shall provide a Warranty Bond in the amount of 20% of the Contract Price, as security for the true and faithful performance of all warranties set forth in Bid Documents and this Agreement.

• Contractor shall provide a Warranty Bond in the amount of the Contract amount to cover the warranty period after acceptance.

• The Performance cum Warranty Bond should be valid upto 60 days beyond the scheduled date of delivery as per the terms of the contract or warranty period (if applicable).

• The Performance cum Warranty Bond will be forfeited by the Buyer, in case the conditions regarding adherence to delivery schedule and/or other provisions of the contract are not fulfilled by the Seller.

More Definitions of Warranty Bond

Warranty Bond shall have the meaning set forth in Section 8.1.7 of the Agreement.

Warranty Bond means an unconditional Standby Letter of Credit or a Bank Guarantee, payable with 30-day notice, issued by a reputable South African bank acceptable to Company (or confirmed by a reputable South African bank acceptable to Company, if issued by a foreign bank), in an amount and expiry date as stipulated in the Agreement. The Warranty Bond shall guarantee the faithful, complete and timely fulfilment of Provider’s obligations during the Warranty Period.

Warranty Bond is defined in Schedule 23 (Termination Buy-Out and Transfer Provision).

Warranty Bond has the meaning set forth in Section 22.3.

Warranty Bond means an unconditional undertaking issued by a bank or insurance company in favour of LLEN for the amount stated in Item 9 of the Reference Schedule. Works means the works described in Item 10 of the Reference Schedule being:

Warranty Bond. The warranty bond shall be in surety bond or bank guarantee issued by insurance company or bank according to TELKOM requirement amounting of 5% of amendment price for each sub-system and shall be valid for 5 years.

Warranty Bond means a warranty bond in form and substance acceptable to Owner, Lender, and Contractor.