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.
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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.

  • 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.

  • And as we have been informed, that TKC has already been paid 1st Mobilization Advance (5% of agreement value as amount mention above ) on account of signing the multipartite agreements & submission of Advance Bank Guarantee of any nationalized bank equivalent to 110%.

  • The Advance Bank Guarantee (ABG) shall be from a Nationalised Bank or a scheduled Commercial Bank in the format as described in Request for proposal Volume- I The Advance Bank Guarantee (ABG) shall be for an amount equivalent to the mobilization advance paid.

  • The Bidder will be required to furnish an Advance Bank Guarantee by way of Bank Guarantee through a public sector bank or a private sector bank authorized to conduct government business (ICICI Bank Ltd., Axis Bank Ltd or HDFC Bank Ltd.) for a sum equal to 100% of the advance payment prior to collection of the confirmed order.

  • ARTICLE 6 - ADVANCE BANK GUARANTEE The Bidder will be required to furnish an Advance Bank Guarantee by way of Bank Guarantee through a public sector bank or a private sector bank authorized to conduct government business (ICICI Bank Ltd., Axis Bank Ltd or HDFC Bank Ltd.) for a sum equal to 100% of the advance payment prior to collection of the confirmed order.

  • In case commissioning gets delayed due to reasons not attributable to the vendor, this payment shall be released after 9 months of receipt at site, against submission of Advance Bank Guarantee of equivalent amount valid initially for 6 months and extendable thereafter (if required).

  • In case installation and erection gets delayed due to reasons not attributable to the vendor, this payment shall be released after 6 months of receipt at site, against submission of Advance Bank Guarantee of equivalent amount valid initially for 6 months and extendable thereafter (if required).

  • In case installation and erection gets delayed due to reasons not attributable to the vendor, this payment shall be released after 6 months of completion of delivery at site, against submission of Advance Bank Guarantee of equivalent amount valid initially for 6 months and extendable thereafter (if required).

  • This Advance Bank Guarantee shall be in addition to the Performance Bank Guarantee.1.3.1.5 10% within 30 days of handing over the successfully commissioned equipment and on submission of all final technical documents as specified in technical specifications provided in PR and against EIL’s certification.

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;

  • Facility Letter means, in relation to any Facilities, such facility letters from Citibank to me or any agreement, document or instrument or arrangement from time to time made between Citibank and me relating to such Facilities, whether they are expressed to be subject to the Terms or otherwise.

  • Facility Letter of Credit means a Letter of Credit issued hereunder.

  • 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 H, signed by a Responsible Official of Borrower, and properly completed to provide all information required to be included 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 License;

  • Fronted Letter of Credit means a standby Letter of Credit issued by an Issuing Lender having an L/C Fronting Commitment in which each Lender purchases a risk participation pursuant to Section 3.4.

  • 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).

  • 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.

  • Facility Letter of Credit Fee is defined in Section 2A.8.