Advance Payment Bond definition

Advance Payment Bond means an on demand bond in respect of the Advance Payment in the form set out in Attachment B to the Particular Conditions.

Advance Payment Bond means an on demand bond issued by a Qualifying Issuer in favour of the Project Company in a form acceptable to the Project Company as security for performance of the Installation Contractor's obligations under this Agreement.

Advance Payment Bond means the letter of guarantee described in Article14.7 hereof.

Examples of Advance Payment Bond in a sentence

• The Project Company shall be entitled to make draws on the Advance Payment Bond: up to the full amount then available for drawing under the Advance Payment Bond if the Installation Contractor has breached its obligations under Clause 4.2(c) (Advance Payment Bond); and for an aggregate amount not to exceed the amount that the Project Company reasonably believes would be payable to it in respect of all of its remedies under this Agreement.

• The Supplier must deliver the extended or replacement Advance Payment Bond to the Project Company not later than: in the event of expiry or cessation, the tenth (10th) Business Day prior to the date of expiry or cessation of the original Advance Payment Bond; and in the event of the issuer ceasing to be a Qualifying Issuer, the tenth (10th) Business Day after Project Company's written request for a replacement Advance Payment Bond.

• The Project Company shall be entitled to make draws on the Advance Payment Bond: up to the full amount then available for drawing under the Advance Payment Bond if the Supplier has breached its obligations under Clause 4.2(d) (Advance Payment and Advance Payment Bond); and for an aggregate amount not to exceed the amount that the Project Company reasonably believes would be payable to it in respect of all of its remedies under this Agreement.

• Upon receiving the extended or replacement Advance Payment Bond, the Project Company must refund to the Installation Contractor the full amount of such drawing less any sums then properly due to the Project Company in accordance with the terms of this Agreement.

• However, the Project Company may withhold any such right or possession until the Advance Payment Bond has been received.

More Definitions of Advance Payment Bond

Advance Payment Bond means an unconditional Standby Letter of Credit or a Bank Guarantee, payable with 30-day notice, issued by a reputable South African bank acceptable to Company (or confirmed by a reputable South African bank acceptable to Company, if issued by a foreign bank), in an amount and expiry date as stipulated in the Agreement. The Advance Payment Bond shall guarantee that the advanced sum will be returned if the Agreement under which the advance was made cannot be fulfilled.

Advance Payment Bond means an advance payment bond in the form set out in the appendix to part 1 of schedule E11 (Milestones and Security);

Advance Payment Bond means the bond to be provided to Tabreed by the Contractor in accordance with Clause 23.1 in substantially the form set out in Exhibit 13 (Form of Bonds and Guarantees).

Advance Payment Bond means the bond to be provided by the Training Provider in accordance with Clause 8(a).

Advance Payment Bond means a bond in the terms indicated in Article 4.5 issued by Société Générale, branck Roche La Molière (01855) address 0 xxx xx xx xxxxxxxxxx, 00000 Xxxxx Xx Xxxxxxx, Xxxxxx; 1.1.2. ″Adverse Weather Conditions″ means: 1.1.2.1. any weather condition, namely the rainfall, the snowfall, the fog and heavy rain that cause the Health and Safety Supervisor to close the work Site for safety reasons for a period longer than one (1) day; the whole period of closure shall be considered as period affected by Adverse Weather Conditions; or 1.1.2.2. weather condition, namely the rainfall, the snowfall and the heavy rain for which the conditions of the work Site are as following for a period longer than one (1) day: 1.1.2.2.1. wind speed over 80 Km/h; and/or 1.1.2.2.2. snow on the soil over 20 cm; and/or

Advance Payment Bond means the bond to be provided to Tabreed by the Contractor in accordance with Clause 23.1 in substantially the form set out in Exhibit 1 (Forms).

Advance Payment Bond means the letter of guarantee described in Article