Performance Guarantee Shortfall Notice

Arabic translation: إخطار الإخلال بضمان/ كفالة حسن التنفيذ

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase: Performance Guarantee Shortfall Notice
Arabic translation:إخطار الإخلال بضمان/ كفالة حسن التنفيذ
Entered by: aya omar

11:29 Jan 9, 2024
English to Arabic translations [PRO]
Law/Patents - Law (general)
English term or phrase: Performance Guarantee Shortfall Notice
8.1.1 The termination right set out in Clause 11.4.1 above shall not be applicable and shall be deemed to have been waived by the Owner if, subject to Clause 11.4.4, the Operator pays to the Owner within ninety (90) days of its receipt of the Owner’s Performance Guarantee Shortfall Notice, an amount equal to the shortfall between the actual achieved GOP and eighty percent (80)% of the budgeted GOP in the second of the two (2) Relevant Fiscal Years (the “Cure”).
aya omar
Egypt
Local time: 18:20
إخطار الإخلال بضمان/ كفالة حسن التنفيذ
Explanation:
--
Selected response from:

Reem Mansour
Egypt
Local time: 18:20
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1إخطار بالقصور في ضمان الأداء
Omnia Kamel
4إخطار الإخلال بضمان/ كفالة حسن التنفيذ
Reem Mansour
4إخطار بالتقصير بشأن ضمان حسن الأداء
Mona Shalabi


  

Answers


18 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
إخطار بالقصور في ضمان الأداء


Explanation:
Similar to a performance bond, which is "[...] issued to one party of a contract as a guarantee against the failure of the other party to meet the obligations of the contract.".


    https://www.investopedia.com/terms/p/performancebond.asp#:~:text=A%20performance%20bond%20is%20issued,as%20a%20guarantee%20of%20delivery.
Omnia Kamel
Egypt
Local time: 18:20
Works in field
Native speaker of: Native in ArabicArabic

Peer comments on this answer (and responses from the answerer)
agree  Motaz Fahmy
1 hr
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38 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
performance guarantee shortfall notice
إخطار الإخلال بضمان/ كفالة حسن التنفيذ


Explanation:
--


    https://qistas.com/legislations/jor/view/OTU5Nzk4
Reem Mansour
Egypt
Local time: 18:20
Specializes in field
Native speaker of: Native in ArabicArabic
PRO pts in category: 16
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4 days   confidence: Answerer confidence 4/5Answerer confidence 4/5
إخطار بالتقصير بشأن ضمان حسن الأداء


Explanation:
-

Mona Shalabi
United Arab Emirates
Local time: 19:20
Specializes in field
Native speaker of: Native in ArabicArabic
PRO pts in category: 4
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