Additional Performance Guarantee definition

Additional Performance Guarantee means a security in the form of an unconditional and irrevocable bank guarantee for an amount of INR one (1) crore to be submitted by a Selected Airline Operator to the Implementing Agency pursuant to Section 3.15.3 within 30 days from the date of issuance of Letter of Award (LOA) to such Selected Airline Operator or as extended from time to time by the Implementing Agency, provided that for helicopter operations under the Scheme, Additional Performance Guarantee shall not be applicable.
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Additional Performance Guarantee means a security in the form of an unconditional and irrevocable bank guarantee for an amount of INR 1 crore to be submitted by the Selected Airline Operator to the Implementing Agency pursuant to Section 3.15.3, provided that for helicopter operations under the Scheme, Additional Performance Guarantee shall not be applicable.
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Additional Performance Guarantee means a security in the form of an unconditional and irrevocable bank guarantee for an
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Examples of Additional Performance Guarantee in a sentence

  • The Second Additional Performance Guarantee shall remain in effect until sixty (60) Days following the end of the Second Additional Exploration Period after the corresponding verification of CNH of full compliance with the obligations set forth in this period.

  • Additional Performance Guarantee The amount guaranteed by the bank guarantee letter or surety letter of the insurance company shall be equal to EUR __________ (7 per cent of the Contract price (excluding VAT)) The validity of the bank guarantee letter or surety letter of the insurance company shall exceed the term for delivery stipulated in Clause 3.2 of the Special part of the Contract for at least two month period.

  • In the meanwhile, the period for fulfilling the conditions subsequent including the additional period of 3 months (aggregate 15 months) expired on 8.8.2013 and Essar Power failed to fulfil the conditions of furnishing the Additional Performance Guarantee after expiry of one week from 8.8.2013.

  • CNH shall be entitled to draw on the Second Additional Performance Guarantee to collect any unliquidated damages due to the failure to comply with any work commitment for the Second Additional Exploration Period.

  • This Hon’ble Commission was pleased to accommodate Essar Power by passing an interim order dated 09.09.2013 that they may furnish the Additional Performance Guarantee pending decision in the petition filed by them.

  • CNH shall be entitled to draw on the First Additional Performance Guarantee to collect any unliquidated damages due to the failure to comply with any work commitment for the First Additional Exploration Period.

  • The First Additional Performance Guarantee shall remain in effect until sixty (60) Days following the end of the First Additional Exploration Period after the corresponding verification of CNH of full compliance with the obligations set forth in this period.


More Definitions of Additional Performance Guarantee

Additional Performance Guarantee shall have the meaning as set out in the Scheme;]
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Related to Additional Performance Guarantee

  • Performance Guarantee means the security to be provided by the Contractor in accordance with Sub Clause 10.1 for the due performance of the Contract.

  • Performance Guaranty means the Performance Guaranty, dated as of the Closing Date, by the Performance Guarantor in favor of the Administrative Agent for the benefit of the Secured Parties, as such agreement may be amended, restated, supplemented or otherwise modified from time to time.

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

  • Performance Guarantees means specific measurement indicators assigned to Contract tasks representing timeliness and quality of task output.

  • Parent Guarantee means the guarantee by the Parent of the Company’s obligations with respect to the Notes.