Advance Bank Guarantee definition

Advance Bank Guarantee means the advance bank guarantee for an amount equivalent to the two quarterly instalments of the License Fee to be furnished by the Licensee to the Authority in accordance with Clause 5.1 (e) of these GCC.
Sample 1Sample 2Sample 3
Advance Bank Guarantee means the bank guarantee to be given by the Contractor to the Owner in accordance with Clause 48.1, in the form set out in Clause 48.
Sample 1
Advance Bank Guarantee means an irrevocable bank guarantee issued by the Guarantor and delivered to the State Company in accordance with clause 4 of article 8.1 of this Agreement to secure the performance of the contractual obligations by the Contractor in respect of the Advance Return in case and in the manner provided for by this Agreement.
Sample 1

Examples of Advance Bank Guarantee in a sentence

  • Advance Bank Guarantee should be valid up to 60 days beyond the date of work completion.

  • The Advance Bank Guarantee shall be governed by the laws of India.

  • Any notice by way of request, demand or otherwise hereunder may be sent by courier, fax or by post to the Bank on or before the expiry date of the Advance Bank Guarantee.

  • The Advance Bank Guarantee shall not be determined or affected by liquidation or winding up, dissolution or change of constitution or insolvency of the selected agency but shall in all respects and for all purposes be binding and operative until payment of all monies due to the ITPO under the Advance Bank Guarantee are paid.

  • Under the terms of the said tender, the ITPO has agreed to pay to the selected agency an advance payment of [insert the Advance Bank Guarantee value in figures and words) ………………………….

  • We, further confirm that, we have powers to issue the Advance Bank Guarantee under our Constitution (including Memorandum and Articles of Association) and other applicable documents and the undersigned have full powers to do so under the Power of Attorney / authorization granted to me/us by ……………………………………..………….

  • We confirm that all your claims under the Advance Bank Guarantee shall be payable at our above mentioned New Delhi Branch immediately.

  • We, at the request of the selected agency, have agreed to give this unconditional and irrevocable Advance Bank Guarantee and agree and undertake not to revoke the same.

  • The Purchaser reserves the right to check the authenticity of Advance Bank Guarantee from the concerned Bank.

  • AN INTEREST RATE OF 11.5% OR SUCH OTHER RATE AS MAY BE DECIDED BY RCF FROM TIME TO TIME WILL BE USED AT THE TIME OF EVALUATION BID.Advance payment, if required can be considered at the sole discretion of RCF to a maximum of 10 % of purchase order value only on submission of Advance Bank Guarantee for 110%of the advance amount & Security Deposit Bank Guarantee as stated in point 5 above.

Related to Advance Bank Guarantee

  • Performance Bank Guarantee means the irrevocable unconditional bank guarantee to be submitted by the successful bidder as per the RfS.

  • Bank Guarantee means an irrevocable and unconditional undertaking by a trading bank approved by the Council to pay the Development Contribution amount on demand without an expiry or end date and containing terms and conditions acceptable to Council and in accordance with clause 9 of this Agreement;

  • Performance Bank Guarantee/ Security Deposit means interest free amount to be deposited by the Contractor with NMRC as per terms and conditions of Contract Agreement as a security against the performance of the Contract agreement

  • Facility Letter means the facility letter and the other letters of offer or other letters which may from time to time be issued by the Bank to the Borrower in relation to the Facilities.

  • Facility Letter of Credit means a Letter of Credit issued by the Issuer pursuant to Section 2.2.

  • Drawdown Request means a notice substantially in the form set out in Schedule 3 (Drawdown Request).

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Request for Letter of Credit means a written request for a Letter of Credit substantially in the form of Exhibit D, together with the standard form of application for letter of credit used by the applicable Issuing Bank, signed by a Senior Officer of the applicable Borrower and properly completed to provide all information required to be provided therein.

  • Alternate Currency Letter of Credit means any Letter of Credit denominated in an Alternate Currency.

  • Alternative Currency Letter of Credit means a Letter of Credit denominated in an Alternative Currency.

  • Letter of Acceptance (LOA) means the written notice issued by JMRC to the selected bidder(s) intimating the acceptance of selected bidder's Proposal for the award of Lease;

  • Letter of Acceptance means the letter of formal acceptance, signed by the contractor. Procuring Entity, including any annexed memoranda comprising agreements between and signed by both Parties.

  • Facility B means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).

  • Letter of Credit Advance means an advance made by any Issuing Bank or any Lender pursuant to Section 2.03(c).

  • Advance Request means a request for an Advance submitted by Borrower to Lender in substantially the form of Exhibit A.

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • Loan Advance The meaning specified in Section 2.2(a).

  • Facility Letter of Credit Obligations means, as at the time of determination thereof, all liabilities, whether actual or contingent, of the Borrower with respect to Facility Letters of Credit, including the sum of (a) the Reimbursement Obligations and (b) the aggregate undrawn face amount of the then outstanding Facility Letters of Credit.

  • Dollar Letter of Credit means a Letter of Credit denominated in Dollars.

  • Evergreen Letter of Credit has the meaning set forth in Section 2.01.

  • Credit Line Agreement means the related credit line account agreement for a Mortgage Loan executed by the related mortgagor and any amendment or modification of it.

  • Facility C means the term loan facility made available under this Agreement as described in paragraph (c) of Clause 2.1 (Facilities).

  • Alternative Currency Daily Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Daily Rate.” All Alternative Currency Daily Rate Loans must be denominated in an Alternative Currency.

  • Drawdown Date means, in relation to an Advance, the date requested by the Borrower for the Advance to be made, or (as the context requires) the date on which the Advance is actually made;

  • Utilisation means a utilisation of the Facility.

  • Replacement Letter of Credit means any letter of credit issued pursuant to a Replacement Revolving Facility.