Advance Payment definition

Advance Payment means a payment that a federal awarding agency or passthrough entity makes by any appropriate payment mechanism, including a predetermined payment schedule, before the non-federal entity disburses the funds for program purposes.

Advance Payment shall have the meaning set forth in Clause 19.2; “Affected Party” shall have the meaning set forth in Clause 21.1;

Advance Payment means any payment by an Obligor in advance of the related Due Period in which it would be due under such Contract and which payment is not a Principal Prepayment.

Examples of Advance Payment in a sentence

• The Advance Payment for mobilisation expenses shall be made in two instalments each equal to 5% (five percent) of the Contract Price.

• The Advance Payment shall be made in two instalments each equal to 5% (five percent) of contract price.

• Employees will be entitled to advance payment of Group Life Benefits in accordance with Memorandum of Agreement #7 (Advance Payment of Group Life Benefits).

• The County agrees to provide to the Beneficiary a total dollar sum not to exceed $ 32,000.00 on a Advance Payment basis for eligible costs incurred during the period of March 3, 2021, through September 30, 2026 based on eligibility criteria outlined in Attachment D, Scope of Work.

• Upon exercise of its right to terminate, and providing notice as set forth herein, Grantor reserves the right to withhold further payments and prohibit Grantee from incurring additional obligations of funds for the Project or request reimbursement of any Advance Payment not expended to the date of termination.

More Definitions of Advance Payment

Advance Payment means the monetary amount payable to an employee ordered/authorized to depart or his/her designated representative in advance of the date on which the employee would otherwise be entitled to be paid.

Advance Payment is defined in Section 3.1(b) of this Agreement.

Advance Payment means the deposit of funds by the Client to pay for future expenses.

Advance Payment means a sum equal to the amount named in Special Conditions of Contract and paid to the Contractor by WAPCOS Limited by way of a mobilisation/advance payment in accordance with Clause 5.26.11 [Advance Payment].

Advance Payment means a payment foreseen in the Contract intended to provide the Contractor with liquidity to allow the initiation of the contractual works.

Advance Payment has the meaning given in Clause 5.1 and is in the amount set forth above in the Loan Facility Terms;

Advance Payment shall have the meaning set forth in Clause 19.2;