Advance Payment Guarantee definition
Advance Payment Guarantee means any or all of the guarantees to be procured in accordance with Clause 5.26.11 [Advance Payment].
Advance Payment Guarantee means any or all of the guarantees to be procured in accordance with Clause 27.3.
Advance Payment Guarantee a customary standby letter of credit or bank guarantee or surety issued by a Foreign Issuing Lender in favor of customers of the Parent Borrower or any of its Subsidiaries for the purpose of securing the obligation to refund advance payments made by such customers in the case contractual obligations vis-à-vis such customers are not fulfilled.
Examples of Advance Payment Guarantee in a sentence
The Advance Payment Guarantee shall guarantee the set-off or repayment of the advance payment.
Any penalties imposed by the Contracting Authority in accordance with the above paragraphs shall be withheld from the next payment to the Contractor or, if such payment is insufficient, shall be collected through forfeiture of an equivalent amount of the Performance Guarantee and/or Advance Payment Guarantee.
Prolongation of the Advance Payment Guarantee (issuance of a new guarantee) shall be carried out by virtue of this clause without conclusion of the separate addendum to the Contract due to the fact that this Contract shall be valid until full performance by the Parties of their obligations.
The Consultant shall ensure that the Advance Payment Guarantee is and remains valid and enforceable until the advance payment has been repaid.
The advance payment shall be repaid on the basis stated in the Particular Conditions (and shall extend the Advance Payment Guarantee as necessary in order to do so).
More Definitions of Advance Payment Guarantee
Advance Payment Guarantee a customary standby letter of credit or bank guarantee or surety issued by an FCI Issuing Lender (with respect to FCIs) or an Issuing Lender (with respect to the Non-Financial Letters of Credit), in each case in favor of customers of the Parent Borrower or any of its Restricted Subsidiaries or Joint Ventures for the purpose of securing the obligation to refund advance payments made by such customers in the case contractual obligations vis-à-vis such customers are not fulfilled.
Advance Payment Guarantee means a guarantee in the form set out in Annex V
Advance Payment Guarantee means the unconditional, irrevocable and on-demand bank guarantee in favour of the Purchaser for the amount and validity period as specified in Appendix 2 and in the form and substance set forth in Appendix 15 hereof, issued by an internationally recognised first class bank acceptable to the Purchaser;
Advance Payment Guarantee means advance payment guarantee to be furnished by Service Provider by way of bank guarantee issued by a Scheduled commercial bank in India for an amount equivalent to mobilization advance (if any) disbursed in terms of this Contract and as per the format enclosed at Appendix D hereto. b) “Applicable Law” shall mean all laws, bye-laws, rules, regulations, orders, ordinances, protocols, codes, guidelines, policies, notices, directions, judgments, decrees and any other instruments having the force of law in India, as they may be issued and in force from time to time. c) “Applicable Permits” shall mean any and all permission, clearances, consents, approvals, authorisations, notifications, acknowledgements, licenses, no-objections and permits of any Government authority required in connection with and/or for undertaking, performing or discharging the Service obligations or fulfilment of the Service requirements as contemplated in this Contract. d) “Contract Value” shall mean the aggregate amount computed as arithmetic product of: (i) the Kind and number of Resource deployed [as per details set out at Annexure I [Appendix A]; and (ii) the L1 Rates quote of Service Provider made in its Financial Bid, based on which it was selected. For the purposes of this Contract, the term “L1 Rates” shall mean the respective rate corresponding to relevant Resource, as quoted by Service Provider in its Financial Bid and reproduced in Annexure I of Appendix A hereto. e) “Contract” means this Contract signed by the Parties and all the attached documents listed in its Clause 1 hereto, that is General Conditions (GCC), the Special Conditions (SCC), and the Appendices, as of the date hereof. f) Confidential Information” means all documents and other forms of information, including oral and electronics communications, disclosed by a Party or its representatives to the other Party or that Party‟s representatives in connection with this Contract and expressly or impliedly indicated to be confidential.
Advance Payment Guarantee means any or all of the guarantees to be procured in
Advance Payment Guarantee. : means a precautionary measure by which contracting authority requires a Contractor, upon signature of a SADC Secretariat contract, to provide a guarantee to cover for the amount received by Contractor as an advance payment under the contract.
Advance Payment Guarantee means that Advance Payment Guarantee, No. 40GA-D00658-4CHH, dated 16 August 2011, face amount EUR 989’478, issued by UBS for which the Company is the account party.