Advance Payment shall have the meaning set forth in Clause 19.2; “Affected Party” shall have the meaning set forth in Clause 21.1;

Advance Payment means a payment that a federal awarding agency or passthrough entity makes by any appropriate payment mechanism, including a predetermined payment schedule, before the non-federal entity disburses the funds for program purposes.

Advance Payment means any payment by an Obligor in advance of the related Due Period in which it would be due under such Contract and which payment is not a Principal Prepayment.

Examples of Advance Payment in a sentence

The forms for Performance Security and Advance Payment Security, when required, shall only be completed by the successful tenderer after contract award.
Payment of foreign currency portion shall be made in [insert currency of the Contract Price] in the following manner: (i) Advance Payment: Ten (10) percent of the Contract Price shall be paid within thirty (30) days of signing of the Contract, and upon submission of claim and a bank guarantee for equivalent amount valid until the Goods are delivered and, in the form, provided in the Tendering document or another form acceptable to the Procuring Entity.
The Advance Payment for mobilisation expenses shall be made in two instalments each equal to 5% (five percent) of the Contract Price.
In addition to above, the Authority shall make an additional interest-bearing advance payment against newly purchased key construction equipment required for the works as per agreed construction programme and brought to the site, if so requested by the Contractor subject to the same terms and conditions specified for Advance Payment for mobilisation expenses in this Agreement.
The Advance Payment for mobilization expenses and for acquisition of key new construction equipment would be deemed as interest bearing advance at Bank Rate, to be compounded annually.

More Definitions of Advance Payment

Advance Payment means the monetary amount payable to an employee ordered/authorized to depart or his/her designated representative in advance of the date on which the employee would otherwise be entitled to be paid.

Advance Payment shall have the meaning ascribed to it in Clause 8.2.2;

Advance Payment means the deposit of funds by the Client to pay for future expenses.

Advance Payment means a sum equal to the amount named in Special Conditions of Contract and paid to the Contractor by WAPCOS Limited by way of a mobilisation/advance payment in accordance with Clause 5.26.11 [Advance Payment].

Advance Payment means a payment foreseen in the Contract intended to provide the Contractor with liquidity to allow the initiation of the contractual works.

Advance Payment has the meaning given in Clause 5.1 and is in the amount set forth above in the Loan Facility Terms;