Examples of First Advance Payment in a sentence
The level of advance payments to be provided to Project Promoters shall be linked to the project implementation duration according to the overview below: Project Implementation Duration First Advance Payment Interim Payment Final Payment (reimbursement) <12 Months 80% - 20% >12 Months 40% 40% 20% The first advance payment shall be paid in 30 days following the signature of the Project Contract.
In the following Financial Years the Council shall pay the BID Company the First Advance Payment no later than the 1st May in each of those Financial Years.
Director and related party disclosuresKey Management Personnel Remuneration Short-term employee benefits1474,268 1474,268 Detailed shareholding disclosures are provided in the remuneration report, included as part of the directors’ report.
Variables in the Special Terms: 1) Maximum Percentage of the First Advance Payment: <<valuie>>% of the total value of the Purchase Contract 2) Maximum Execution Period: <<value>> days EXTENSION TO YOUR AFFILIATES COVER - COMMON CREDIT DECISIONSIn addition to the Non-Payment cover provided for in your Contract, this Option provides an extension to your Covered Affiliates of the cover of Non-Payment to their Debts arising from Deliveries made during an insurance period (risk attaching principle).
First Advance Payment: is defined as the first down payment paid to your Supplieraccording to the Purchase Contract.
In the following Financial Years the Council shall pay the BID Company the First Advance Payment on 1st April in each of those Financial Years.
The Lessee instructs the Trustee that against presentation of a duly made First Form 4, the First Advance Payment shall be released to the Lessor against an invoice.
Maximum Percentage of the First Advance Payment: means the maximum value of the First Advance Payment compared to the total value of the Purchase Contract, as defined in the Special Terms.
First Advance Payment Cover: means cover provided to You as per this Option.
Maximum Execution Period: means the maximum period between the First Advance Payment is made and the Delivery date scheduled in the Purchase Contract.