CONTRACT PERFORMANCE ASSURANCE Sample Clauses

The CONTRACT PERFORMANCE ASSURANCE clause is designed to ensure that the parties fulfill their contractual obligations as agreed. Typically, this clause may require one or both parties to provide guarantees, bonds, or other forms of security to demonstrate their commitment to performing the contract, such as a performance bond from a contractor or a letter of credit. Its core practical function is to protect the non-breaching party by providing recourse or compensation if the other party fails to meet their obligations, thereby reducing the risk of non-performance and promoting trust between the parties.
CONTRACT PERFORMANCE ASSURANCE. Not Applicable
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CONTRACT PERFORMANCE ASSURANCE. Optional and if used must be tailored to the specific procurement. The following sample clauses are provided for consideration. See OPTIONAL CONTRACT PROVISIONS
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CONTRACT PERFORMANCE ASSURANCE 
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Related to CONTRACT PERFORMANCE ASSURANCE

  • Performance Assurance Seller agrees to deliver to Buyer Performance Assurance in a form acceptable to Buyer to secure its obligations under this Agreement, which Performance Assurance Seller shall maintain in full force and effect for the period posted with Buyer, as follows:

  • Contract Performance C19.1 The Contractor shall ensure that: C19.1.1 the Goods conform in all respects with the Specification and, where applicable, with any sample or performance demonstration approved by the Authority; C19.1.2 the Goods operate in accordance with the relevant technical specifications and correspond with the requirements of the Specification and any particulars specified in the Contract; C19.1.3 the Goods conform in all respects with all applicable Laws; and C19.1.4 the Goods are free from defects in design, materials and workmanship and are fit and sufficient for all the purposes for which such Goods are ordinarily used and for any particular purpose made known to the Contractor by the Authority.

  • CONTRACTOR PERFORMANCE AUDIT The Contractor shall allow the Authorized User to assess Contractor’s performance by providing any materials requested in the Authorized User Agreement (e.g., page load times, response times, uptime, and fail over time). The Authorized User may perform this Contractor performance audit with a third party at its discretion, at the Authorized User’s expense. The Contractor shall perform an independent audit of its Data Centers, at least annually, at Contractor expense. The Contractor will provide a data owner facing audit report upon request by the Authorized User. The Contractor shall identify any confidential, trade secret, or proprietary information in accordance with Appendix B, Section 9(a), Confidential/Trade Secret Materials.

  • Continuing Contract Performance Pending final resolution of a Claim, except as otherwise agreed in writing or as provided in Section 9.7 and Article 13, the Design-Builder shall proceed diligently with performance of the Contract and the Owner shall continue to make payments in accordance with the Design-Build Documents.

  • Consideration for Performance The consideration to be paid to the Contractor under this Agreement will be compensation for all the Contractor’s expenses incurred in the performance of this Agreement, unless otherwise expressly provided.