Examples of Advance Payment Bond in a sentence
The Contractor shall have delivered to the Employer as a Condition Precedent the duly executed Performance Security and the Advance Payment Bond (the latter in relation to the first payment only in accordance with Attachment C).
The Engineer shall issue an Interim Payment Certificate for the Advance Payment after receiving a Statement (under Sub-Clause 14.3 [Application for Interim Payment Certificates]) and after the Employer receives the Advance Payment Bond for the value of the Advance Payment.
Without prejudice to the foregoing or Sub-Clause 4.2, the Advance Payment Bond shall be issued by an entity approved by the Employer, and shall be in the form annexed to the Particular Conditions or in another form approved by the Employer in its absolute discretion.