Common use of On Acceptance Clause in Contracts

On Acceptance. The remaining ten (10) percent of the Contract Price shall be paid to the Supplier within thirty (30) days after the date of the acceptance certificate for the respective delivery issued by the Procuring Entity.N/A GCC 16.5 The payment-delay period after which the Procuring Entity shall pay interest to the supplier shall be [insert number] days. The interest rate that shall be applied is [insert number] %

On Acceptance. The remaining ten (10) percent of the Contract Price shall be paid to the Supplier within thirty (30) days after the date of the acceptance certificate for the respective delivery issued by the Procuring Entity.. N/A GCC 16.5 The payment-delay period after which the Procuring Entity shall pay interest to the supplier shall be [insert number] 180 days. The interest rate that shall be applied is [insert number] %0.05 % GCC 18.1 A Performance Security 10% of the contract value “shall” be required.

On Acceptance. The remaining ten (10) percent of the Contract Price shall be paid to the Supplier within thirty (30) days after the date of the acceptance certificate for the respective delivery issued by the Procuring Entity.NEntity’s/A GCC 16.5 The payment-delay period after which the Procuring Entity shall pay interest to the supplier shall be [insert number] days. The interest rate that shall be applied is [insert number] %