Common use of Advance Payment Guarantee Clause in Contracts

Advance Payment Guarantee. As a precondition to payment to the Contractor of an advance payment according to this Agreement, if provided for under this Agreement, the Contractor shall furnish to ISR a guarantee for the full amount of such advance payment (hereinafter: the “Advance Payment Guarantee”).

Appears in 3 contracts

Sources: General Terms Agreement, Design–build Agreement, General Terms