Minimum Performance Guarantees definition
Examples of Minimum Performance Guarantees in a sentence
System Production Capacity Performance Guarantee; (c) the LNG Quality Performance Guarantee; (d) the Minimum Performance Guarantees; and (e) the Reliability Guarantee.
Contractor shall only be entitled to such Early Completion Bonus if the Work meets the Minimum Performance Guarantees for Unit 6 at the time of Substantial Completion of Unit 6.
If the Minimum Performance Guarantees are not met, either in whole or in part, Contractor shall, at its sole cost and expense, make such changes, modifications or additions to the Plant or any part thereof as may be necessary to achieve the Minimum Performance Guarantees.
Contractor shall notify Company upon completion of the necessary changes, modifications or additions, and Contractor shall repeat the Performance Tests as necessary until the Minimum Performance Guarantees have been met.
Except in connection with Contractor’s obligation to meet the Minimum Performance Guarantees and the remedies associated with Contractor’s failure to do so, the payment by Contractor to Company of Late Substantial Completion LDs and BOP Load Guarantee LDs shall be Company’s exclusive remedies for and Contractor’s sole obligations arising out of such delay and/or deficiencies.