Common use of Irrevocable Standby Letter of Credit Clause in Contracts

Irrevocable Standby Letter of Credit. A. On or before the issuance of the Notice to Proceed in accordance with Section 5.2B, Contractor shall deliver to Owner an irrevocable standby letter of credit in the amount of ten percent (10%) of the Contract Price (“

Appears in 14 contracts

Samples: Escrow Agreement (Tellurian Inc. /De/), Procurement and Construction Agreement (Tellurian Inc. /De/), Procurement and Construction Agreement (Tellurian Inc. /De/)

AutoNDA by SimpleDocs

Irrevocable Standby Letter of Credit. A. On or before the issuance of the Notice to Proceed in accordance with Section 5.2B5.2, Contractor shall deliver to Owner an irrevocable standby letter of credit in the amount of ten percent (10%) of the Contract Price (“

Appears in 3 contracts

Samples: Procurement and Construction Agreement (Cheniere Corpus Christi Holdings, LLC), Procurement and Construction Agreement (Corpus Christi Pipeline GP, LLC), Procurement and Construction Agreement (Cheniere Energy Inc)

AutoNDA by SimpleDocs

Irrevocable Standby Letter of Credit. A. On or before the issuance of the Notice to Proceed for Subproject 6(a) in accordance with Section 5.2B5.2A, Contractor shall deliver to Owner an irrevocable standby letter of credit in the amount of ten percent (10%) of the Contract Price Applicable to Subproject 6(a) (“

Appears in 1 contract

Samples: Escrow Agreement (Sabine Pass Liquefaction, LLC)

Time is Money Join Law Insider Premium to draft better contracts faster.