Performance Security Amount definition

Performance Security Amount has the meaning given in item 21 of the Reference Details.

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Performance Security Amount means an amount equal to the Net Project Incentive multiplied by a percentage equal to 100% minus the Performance Security Reduction;

Performance Security Amount means an amount as calculated and adjusted in accordance with Schedule N (Performance Security Amount).

Examples of Performance Security Amount in a sentence

For the bid price of the bidder selected for acceptance is more than 15 (fifteen) percent below of the cost estimate, the performance security amount shall be determined as follows: Performance Security Amount =[(0.85 x Cost Estimate – Bid Price) x 0.5] + 5% of Bid Price.
The Operator shall replenish the Performance Security following any encashment during an Operating Year to ensure that its Face Value, at all times, remains equivalent to the Performance Security Amount.
Performance Security Amount Form The qualified bidder shall be required to submit a performance bond of 10% of the contract sum bfore signing of the contract Bank Guarantee/ Insurance Bond Approved by PPOA Requirements of Contractors Design Not applicable Programme  Time of Submission Within 14 days of Commencement Date  Form of Programme ……………*  Interval Updates ……………* Liquidated Damages Amount payable due to failure to complete 0.01% of Contract Price per Day to a limit of 1% of Contract Price.
The Partnership (i) may withdraw funds from such segregated account from time to time when and to the extent the Purchaser would have been entitled to draw on such Letter of Credit and (ii) will pay the balance of such segregated account, if any, to ABC within two (2) Business Days after ABC provides an Acceptable Security in the amount of the Performance Security Amount.
By no later than the Addendum Effective Date, QF shall provide to Alabama Power and maintain thereafter, performance security in favor of Alabama Power in the form of Cash Security or a Letter of Credit (“Performance Security”), in either case in an available undrawn amount equal to the Performance Security Amount.

More Definitions of Performance Security Amount

Performance Security Amount shall have the meaning ascribed thereto in clause 8.1.1 of this Agreement

Performance Security Amount has the meaning ascribed thereto in Section 10.14.1.

Performance Security Amount means (a) Four Million Ninety Five Thousand Dollars ($4,095,000) for the period beginning on the date that is fifteen (15) days after the Effective Date and ending on the Commencement Date, and (b) the amount set forth on Appendix N for each Contract Year during the Delivery Term; provided, that if a Performance Security Adjustment Date described in clause (b) of such defined term occurs, the Performance Security Amounts set forth on Appendix N shall automatically be updated in accordance with Appendix N to reflect the increase in Buyer’s Share and Expected RA Capacity.

Performance Security Amount has the meaning given in item 242124 of the Reference Details.

Performance Security Amount means $[ ].

Performance Security Amount has the meaning given in item 201920 of the Reference Details.

Performance Security Amount has the meaning set forth in Section 5.4.

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