Common use of Advance Payment Clause in Contracts

Advance Payment. (i) The Authority shall make an interest-bearing advance payment (the “Advance Payment”) @ “Bank Rate + 3%”, equal to 10 % (ten percent) of the Contract Price, exclusively for mobilisation expenses. The Advance Payment for mobilisation expenses shall be made in two instalments each equal to 5% (five percent) of the Contract Price. The second 5% (five percent) mobilization advance would be released after submission of utilization certificate by the Contractor for the first 5% (five per cent) advance already released earlier.

Advance Payment. (i) 19.2.1 The Authority shall make an interest-bearing advance payment (the “Advance Payment”) @ “Bank Rate + 3%”), equal in amount to 10 % (ten percentten) percent of the Contract Price, exclusively for mobilisation expensesexpenses and for acquisition of equipment. The Advance Payment for mobilisation expenses shall be made in two instalments each equal to 5% (five percent) of the Contract Pricecontract price. The second 5advance payment would be deemed as interest-bearing advance at an interest rate of 10% (five percentten) mobilization advance per annum, to be compounded quarterly. The interest would be released after submission recovered along with the recovery of utilization certificate by the Contractor for the first 5% (five per cent) advance already released earlierpayment.

Advance Payment. (i) The Authority shall make an interest-bearing advance payment (the “Advance Payment”) @ “Bank Rate + 3%”, equal to 10 % (ten percent) of the Contract Price, exclusively for mobilisation mobilization expenses. The Advance Payment for mobilisation mobilization expenses shall be made in two instalments installments each equal to 5% (five percent) of the Contract Price. The second 5% (five percent) mobilization advance would be released after submission of utilization certificate by the Contractor for the first 5% (five per cent) advance already released earlier.

Advance Payment. (i) The Authority shall make an interest-bearing advance payment (the “"Advance Payment”") @ “"Bank Rate + 3%”", equal to 10 % (ten percent) of the Contract Price, exclusively for mobilisation expenses. The Advance Payment for mobilisation expenses shall be made in two instalments each equal to 5% (five percent) of the Contract Price. The second 5% (five percent) mobilization advance would be released after submission of utilization certificate by the Contractor for the first 5% (five per cent) advance already released earlier.

Advance Payment. (i) The Authority shall make an interest-bearing advance payment (the “Advance Payment”) @ “Bank Rate + 3%”, equal to 10 % (ten percent) of the Contract Price, exclusively for mobilisation expenses. The Advance Payment for mobilisation expenses shall be made in two instalments each equal to 5% (five percent) of the Contract Price. The second 5% (five percent) mobilization advance would be released after submission of utilization certificate by the Contractor for the first 5% (five per cent) advance already released earlierreleasedearlier.

Advance Payment. (i) The Authority shall make an interest-bearing advance payment (the “Advance Payment”) @ “Bank Rate + 3%”, equal to 10 % (ten percent) of the Contract Price, exclusively for mobilisation expenses. The Advance Payment for mobilisation expenses shall be made in two instalments installments each equal to 5% (five percent) of the Contract Price. The second 5% (five percent) mobilization advance would be released Draft Contract Agreement floating material for providing floating Terminal facilities at various locations on NW – 2 (Brahmaputra River) on EPC mode Sept, 2021 after submission of utilization certificate by the Contractor for the first 5% (five per cent) advance already released earlier.

Advance Payment. (i) The Authority shall make an interest-bearing advance payment (the “Advance Payment”) @ “Bank Rate + 3%”, equal to 10 % (ten percent) of the Contract Price, exclusively for mobilisation expenses. The Advance Payment for mobilisation expenses shall be made in two instalments installments each equal to 5% (five percent) of the Contract Price. The second 5% (five percent) mobilization advance would be released after submission of utilization certificate by the Contractor for the first 5% (five per cent) advance already released earlier.

Advance Payment. (i) The Authority shall make an interest-interest- bearing advance payment (the “Advance Paymentthe“AdvancePayment”) @ “Bank Rate + 3%”, equal to 10 % (ten percent) of the Contract Price, exclusively for mobilisation mobilization expenses. The Advance TheAdvance Payment for mobilisation mobilization expenses shall be made in two instalments each equal to 5% (five percent) of the Contract Price. The second 5% (five percent) mobilization advance would be released after submission of utilization certificate by the Contractor for the first 5% (five per centpercent) advance already released earlierrelease dearlier.

Advance Payment. (i) The Authority shall make an interest-bearing advance payment (the “Advance Payment”) @ “Bank Rate + 3%”, equal to 10 % (ten percent) of the Contract Price, exclusively for mobilisation expenses. The Advance Payment for mobilisation expenses shall be made in two instalments each equal to 5% (five five percent) of the Contract Price. The second 5% (five percent) mobilization advance would be released after submission of utilization certificate by the Contractor for the first 5% (five per cent) advance already released earlier.

Advance Payment. (i) The Authority shall make an interest-bearing advance payment (the “Advance Payment”) @ “Bank Rate + 3%”, equal to 10 % (ten percent) of the Contract Price, exclusively for mobilisation mobilization expenses. The Advance Payment for mobilisation mobilization expenses shall be made in two instalments each equal to 5% (five percent) of the Contract Price. The second 5% (five percent) mobilization advance would be released after submission of utilization certificate by the Contractor for the first 5% (five per cent) advance already released earlier.

Advance Payment. (i) The Authority shall make an interest-bearing advance payment (the “Advance Payment”) @ “Bank Rate + 3%”, equal to 10 % (ten percent) of the Contract Price, exclusively for mobilisation mobilization expenses. The Advance Payment for mobilisation mobilization expenses shall be made in two instalments installments each equal to 5% (five percent) of the Contract Price. The second 5% (five percent) mobilization advance would be released after the submission of the utilization certificate by the Contractor for the first 5% (five per centpercent) advance already released earlier.