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
Advance Payment Guarantee: Under the EPC Contract 2, after the EPC Contract 2 becomes effective and prior to Jingrui’s payment of the Advance Payment to the Consortium, the Consortium shall provide a letter of advance payment guarantee issued by a commercial bank (as agreed upon by Jingrui) with an amount equivalent to 10% of the contract price under the EPC Contract 2, to guarantee that the Advance Payment will be used in accordance with the terms of the EPC Contract 2.
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 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 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 a guarantee in the form set out in Annex Vissued by:
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. The Seller shall provide the Buyer with an advance payment guarantee (the “Advance Payment Guarantee”) in the form of an autonomous, transferable, first demand, irrevocable and unconditional guarantee in a form acceptable to the Buyer and issued by a reputable bank of international standing acceptable to the Buyer – Bank Name shall be deemed as banks approved by the Buyer - to guarantee the refund by the Seller to the Buyer of any payment to be made by the Buyer to the Seller prior to delivery of the Equipment pursuant to this Purchase Order. The amount of such Advance Payment Guarantee shall represent -- (--%) if paid prior to Final Acceptance) of the Total Price and such Advance Payment Guarantee shall have a validity period of -- (--) days as from the discharge of the Equipment at the Terminal. AII costs, expenses and bank charges including in issuing, maintaining and calling up the Advance Payment Guarantee shall be borne by the Seller. Should the Advance Payment Guarantee not be provided to the Buyer within -- (--) days as from the Purchase Order date, the Buyer reserves the right at its sole discretion, to immediately terminate the Contract by giving written notice to the Seller and without any compensation whatsoever being payable to the Seller.
Advance Payment Guarantee has the meaning ascribed to it in Section 4.2.2.