Advance Payment definition

Advance Payment means a payment that a federal awarding agency or passthrough entity makes by any appropriate payment mechanism, including a predetermined payment schedule, before the non-federal entity disburses the funds for program purposes.

Advance Payment means any payment by an Obligor in advance of the related Due Period in which it would be due under such Contract and which payment is not a Principal Prepayment.

Advance Payment shall have the meaning set forth in Clause 19.2; “Affected Party” shall have the meaning set forth in Clause 21.1;

Examples of Advance Payment in a sentence

• The Advance Payment for mobilisation expenses shall be made in two instalments each equal to 5% (five percent) of the Contract Price.

• The Advance Payment for mobilization expenses and for acquisition of key new construction equipment would be deemed as interest bearing advance at Bank Rate, to be compounded annually.

• Bidders should not complete the Performance and Advance Payment Security forms at this time.

• Only the successful Bidder will be required to provide Performance and Advance Payment Securities in accordance with one of the forms, or in a similar form acceptable to the Employer.

• The interest would be recovered along with the recovery of mobilization Advance Payment in equal installments as per provision laid down for the mobilization advance recovery..

More Definitions of Advance Payment

Advance Payment means the monetary amount payable to an employee ordered/authorized to depart or his/her designated representative in advance of the date on which the employee would otherwise be entitled to be paid.

Advance Payment is defined in Section 3.1(b) of this Agreement.

Advance Payment shall have the meaning ascribed to it in Clause 8.2.2;

Advance Payment means the deposit of funds by the Client to pay for future expenses.

Advance Payment means a sum equal to the amount named in Special Conditions of Contract and paid to the Contractor by WAPCOS Limited by way of a mobilisation/advance payment in accordance with Clause 5.26.11 [Advance Payment].

Advance Payment means a payment foreseen in the Contract intended to provide the Contractor with liquidity to allow the initiation of the contractual works.

Advance Payment has the meaning given in Clause 4.1 and is in the amount set forth above in the Loan Facility Terms.