Common use of Down Payment Guarantee Clause in Contracts

Down Payment Guarantee. Before payment by ISR of the Down Payment specified in Section 11 above and as a condition thereto, Supplier shall furnish ISR with an irrevocable autonomous bank guarantee in the full amount of such Down Payment (the "Down Payment Guarantee"). In the event, that Supplier shall supply both PRRV and TRRV {in accordance with the outcome of the Tender], then the Down Payment Guarantee shall reflect both the PRRV and TRRV Price.

Appears in 3 contracts

Samples: Agreement No., Agreement No., Agreement No.

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Down Payment Guarantee. Before payment by ISR of the Down Payment specified in Section 11 above and as a condition thereto, Supplier shall furnish ISR with an irrevocable autonomous bank guarantee in the full amount of such Down Payment (the "Down Payment Guarantee"). In the event, that Supplier shall supply both PRRV and TRRV {{ in accordance with the outcome of the Tender], then the Down Payment Guarantee shall reflect both the PRRV and TRRV Price.

Appears in 2 contracts

Samples: Agreement, Agreement No.

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