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 Supplier's obligations under this Agreement.

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.

Examples of Advance Payment Bond in a sentence

• 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.

• 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.

• If the expiry date of the Advance Payment Bond is likely to occur before the expiry of the relevant Semester, then not less than twenty-eight (28) days prior to the expiry of the relevant Semester, the Training Provider shall extend the validity of the Advance Payment Bond until the expiry of the relevant Semester.

• The term of the Advance Payment Bond shall be extended through an endorsement for the period of the new term of performance and for the amount of the ADVANCE PENDING AMORTIZATION; that is, for the sum of B/.

More Definitions of Advance Payment Bond

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

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 letter of guarantee described in Article

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 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.