Advance Payment Bond definition

Advance Payment Bond means an on demand bond in respect of the Advance Payment in the form set out in Attachment B to the Particular Conditions.

Advance Payment Bond means the letter of guarantee described in Article14.7 hereof.

Advance Payment Bond means an unconditional Standby Letter of Credit or a Bank Guarantee, payable with 30-day notice, issued by a reputable South African bank acceptable to Company (or confirmed by a reputable South African bank acceptable to Company, if issued by a foreign bank), in an amount and expiry date as stipulated in the Agreement. The Advance Payment Bond shall guarantee that the advanced sum will be returned if the Agreement under which the advance was made cannot be fulfilled.

Examples of Advance Payment Bond in a sentence

• Contract Deposit (where it is to be settled by bank guarantee) and an Advance Payment Bond to be submitted by the successful Tenderer pursuant to Clauses 22.1(a) and (c) of this Part shall be issued by a licensed bank in Hong Kong (i.e. a bank with a valid banking license issued under the Banking Ordinance, Cap.

• The Advance Payment Bond in respect of the first instalment of the Total Purchase Price and the Parent Guarantee shall share the same Guarantee Period (1) as specified in Clause 28.2 above.

• Subsequent Advance Payment Bond in respect of the second or third instalment of the Vessel Unit Price in respect of a Vessel shall have the guarantee period as specified in Clause 8 of Annex A to this Part (“Guarantee Period (2)”).

• It is a condition precedent to the Government agreeing to grant the Contract to the Contractor that the Guarantor executes this Guarantee to serve as the Contract Deposit of 2% of the Total Purchase Price.]OR*[This Guarantee is provided as an Advance Payment Bond.

• In order to perform its obligations under the Shareholders Agreement, BGT was required to make substantial commitments to City Water in respect of:- equity injections;- the provision of a shareholder loan;- the Performance Bonds and the SIPE and POG Advance Payment Bond;- the provision of key personnel; and- the provision of technology and know-how.

More Definitions of Advance Payment Bond

Advance Payment Bond means an on demand bond issued by a Qualifying Issuer in favour of the Project Company in a form acceptable to the Project Company as security for performance of the Installation Contractor's obligations under this Agreement.

Advance Payment Bond means an advance payment bond in the form set out in the appendix to part 1 of schedule E11 (Milestones and Security);

Advance Payment Bond means the bond to be provided to Tabreed by the Contractor in accordance with Clause 23.1 in substantially the form set out in Exhibit 13 (Form of Bonds and Guarantees).

Advance Payment Bond means the bond to be provided by the Training Provider in accordance with Clause 8(a).

Advance Payment Bond means a bond in the terms indicated in Article 4.5 issued by Société Générale, branck Roche La Molière (01855) address 0 xxx xx xx xxxxxxxxxx, 00000 Xxxxx Xx Xxxxxxx, Xxxxxx; 1.1.2. ″Adverse Weather Conditions″ means: 1.1.2.1. any weather condition, namely the rainfall, the snowfall, the fog and heavy rain that cause the Health and Safety Supervisor to close the work Site for safety reasons for a period longer than one (1) day; the whole period of closure shall be considered as period affected by Adverse Weather Conditions; or 1.1.2.2. weather condition, namely the rainfall, the snowfall and the heavy rain for which the conditions of the work Site are as following for a period longer than one (1) day: 1.1.2.2.1. wind speed over 80 Km/h; and/or 1.1.2.2.2. snow on the soil over 20 cm; and/or

Advance Payment Bond means the bond to be provided to Tabreed by the Contractor in accordance with Clause 23.1 in substantially the form set out in Exhibit 1 (Forms).

Advance Payment Bond means the letter of guarantee described in Article