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. 12.2.2 The security shall be in the form provided in the Bidding Documents or in another form acceptable to the Purchaser. The amount of the security shall be reduced in proportion to the value of the System executed by and paid to the Supplier from time to time and shall automatically become null and void when the full amount of the advance payment has been recovered by the Purchaser. The security shall be returned to the Supplier immediately after its expiration. Not applicable
Appears in 4 contracts
Sources: Contract for the Acquisition and Implementation of an Enhanced Financial Analyzer System, Contract for the Acquisition and Implementation of a Sector Benchmarking and Datamining, Supply, Installation, Training and Maintenance Agreement
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.
12.2.2 The security shall be in the form provided in the Bidding Documents (FORM xx) or in another form acceptable to the Purchaser. The amount of the security shall be reduced in proportion to the value of the System executed by and paid to the Supplier from time to time and shall automatically become null and void when the full amount of the advance payment has been recovered by the Purchaser. The security shall be returned to the Supplier immediately after its expiration. Not applicable.
Appears in 1 contract
Sources: Supply, Installation, Training and Maintenance Agreement
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 thirty (1030) percent of the Contract Price against delivery of an Advance Payment Security as specified in the SCC.
12.2.2 The security shall be in the form provided in the Bidding Documents (FORM 12) or in another form acceptable to the Purchaser. The amount of the security shall be reduced in proportion to the value of the System executed by and paid to the Supplier from time to time and shall automatically become null and void when the full amount of the advance payment has been recovered by the Purchaser. The security shall be returned to the Supplier immediately after its expiration. Not applicable.
Appears in 1 contract
Sources: Contract for Provision, Installation and Maintenance of Session Border Controller