Common use of Payment Guarantee Clause in Contracts

Payment Guarantee. Before ISR effects the Second Payment (as defined in the payment schedule in Section 9 above), and as a condition thereto, the Supplier shall furnish ISR with a bank guarantee in the full amount of the payment then due in the form attached hereto as Annex G1 (the "Payment Guarantee").

Appears in 10 contracts

Samples: Supply Agreement, Supply Agreement, Supply Agreement

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Payment Guarantee. Before ISR effects the Second Payment (as defined in the payment schedule in Section 9 11 above), and as a condition thereto, the Supplier shall furnish ISR with a an irrevocable autonomous bank guarantee in the full amount of the payment then due in the form attached hereto as Annex G1 (the "Payment Guarantee").

Appears in 3 contracts

Samples: Agreement for the Acquisition of a Computer Numerical Control Wheel Lathe, Agreement for the Acquisition of a Computer Numerical Control Wheel Lathe for Rolling Stocks, Supply Agreement

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