Advance Payment Security Sample Clauses

Advance Payment Security. 15.1 The Contractor shall provide an advance payment security issued by a Japanese financial institution, which secures the repayment of any sum advanced by the Client upon the Contractor’s defaults from the date of the advance payment to the date of issue of the certificate of completion of the Construction Work for each Term.
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Advance Payment Security. 12.2.1 The Supplier may, if it wishes and provided the performance security has been submitted and other Contract conditions fulfilled, receive an advance payment of no more than ten (10) percent of the Contract Price against delivery of an Advance Payment Security as specified in the SCC.
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Advance Payment Security. 13.2.1 As specified in the SCC, the Supplier shall provide a security equal in amount and currency to the advance payment, and valid until the System is Operationally Accepted.
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Advance Payment Security. (a) The Operator shall provide a security in an amount equal to the advance payment calculated in accordance with the Terms and Procedures of Payment Appendix and in the same currency or currencies.
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Advance Payment Security. Tenderer who gets Contract awarded, should he opt for payment of the part of the contracted price through advance payment (advance is optional), is obliged to, within 30 (thirty) calendar days from the day of conclusion of the Contract, submit to the Contracting Authority the Advance Payment Security, to the amount of the requested advance, which cannot be higher than 30% of the contract price (EUR) and it has to be submitted in the way defined in part B of the tender document – Bank guarantees. Advance Payment Security validity period is 30 days longer than the deadline for the delivery of goods. The advance is payed within 30 (thirty) days from the day of submitting the Advance Payment Security.
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Advance Payment Security. (a)As specified in the SCC, the BPO Service Provider shall provide a security equal in amount and currency to the advance payment and valid until the acceptance of all the deliverables.
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Advance Payment Security. The BPO Service Provider shall provide within fifteen (15) days of the notification of Contract award an Advance Payment Security in the amount of the Advance Payment specified in SCC for GCC Clause 18.1 above.
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Advance Payment Security. 14.2.1 The Contractor shall, within twenty-eight (28) days of the notification of contract award, provide a security in an amount equal to the advance payment calculated in accordance with the Appendix to the Contract Agreement titled Terms and Procedures of Payment, and in the same currency or currencies.
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Related to Advance Payment Security

  • Advance Payment The right to indemnification conferred in this Article VII shall include the right to be paid or reimbursed by the Company the reasonable expenses incurred by a Person of the type entitled to be indemnified under Section 7.3 who was, is or is threatened to be made a named defendant or respondent in a Proceeding in advance of the final disposition of the Proceeding and without any determination as to the Person’s ultimate entitlement to indemnification; provided, however, that the payment of such expenses incurred by any such Person in advance of the final disposition of a Proceeding shall be made only upon delivery to the Company of a written affirmation by such Person of his or her good faith belief that he has met the standard of conduct necessary for indemnification under Article VII and a written undertaking, by or on behalf of such Person, to repay all amounts so advanced if it shall ultimately be determined that such indemnified Person is not entitled to be indemnified under this Article VII or otherwise.

  • ADDITIONAL PAYMENT OBLIGATIONS 15. Tax gross-up and indemnities

  • Termination; Advance Payments Upon termination of this Lease pursuant to Paragraph 6.2(g) or Paragraph 9, an equitable adjustment shall be made concerning advance Base Rent and any other advance payments made by Lessee to Lessor. Lessor shall, in addition, return to Lessee so much of Lessee's Security Deposit as has not been, or is not then required to be, used by Lessor.

  • Advance Payments Payments made by the Borrower to satisfy future installments must be accounted for as prepaid installments of principal and interest. The Servicer should contact the Borrower if there is a question about the Borrower's intention in making any unscheduled payment.

  • Repayment Obligation In the event that any State and/or federal funds are deferred and/or disallowed as a result of any audits or expended in violation of the laws applicable to the expenditure of such funds, the Contractor shall be liable to the Agency for the full amount of any claim disallowed and for all related penalties incurred. The requirements of this paragraph shall apply to the Contractor as well as any subcontractors.

  • Prepayment Fee The Prepayment Fee, when due hereunder, to be shared between the Lenders in accordance with their respective Pro Rata Shares; and

  • Loan Payment Payments of principal, interest, and Late Charges (as defined in the Note) shall be made as provided in the Note.

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