Common use of Advance Payment Guarantee Clause in Contracts

Advance Payment Guarantee. The Advance Payment Guarantee shall guarantee the set-off or repayment of the advance payment. Within 10 Working Days upon confirmation of DDO by the Provider or Provider Affiliate, the Contractor shall provide a bank guarantee letter to Enel or Enel Affiliate for the amount specified in Part A, valid until full set-off or repayment of the advance payment (“Advance Payment Guarantee”). The Advance Payment Guarantee must:

Advance Payment Guarantee. The Advance Payment Guarantee shall guarantee the set-off or repayment of the advance payment. Within 10 Working Days upon confirmation of DDO by the Provider or Provider Affiliate, the Contractor shall provide a bank guarantee letter to Enel or Enel Affiliate for the amount specified in Part AA of the relevant DDO, valid until full set-off or repayment of the advance payment (“Advance Payment Guarantee”). The Advance Payment Guarantee must: