Advance Payment Security Sample Clauses

Advance Payment Security. 13.1 The Contractor shall provide an advance payment security issued by a Japanese financial institution, which secures the repayment of any sum advanced by the Client upon the Contractor’s defaults from the date of the advance payment to the date of issue of the certificate of completion of the Work for each Term. 13.2 The amount of the advance payment security shall be the sum in short deducting the amount which corresponds to the percentage of completion of the Work from the total amount of payments already executed to the Contractor. The Contractor may reduce the amount of advance payment security after the execution of each payment stipulated in the Article 7 thereof. （注：例えば、契約認証時に 40％、出来高 50％達成時に 30％を支払う場合、既契約額は 40％+30％で 70％なので、出来高 50％との差額 20％の保証としてもよい。） 13.3 Prior to requesting the advance payment, the Contractor shall provide the advance payment security and the Consultant shall have the custody of the advance payment security. Such security shall be returned to the Contractor immediately after the issue of the certificate of completion of the Work for each Term. 13.4 In making a claim under the advance payment security, the Client shall notify the Japanese financial institution in writing, stating the nature of the default and the amount of damages in respect of the claim. 13.5 The amount to be paid under the claim shall be the amount of the actual damage incurred, and in no case shall it exceed the amount of the advance payment security for each Term.

Advance Payment Security. 13.2.1 As specified in the SCC, the Supplier shall provide a security equal in amount and currency to the advance payment, and valid until the System is Operationally Accepted. 13.2.2 The security shall be in the form provided in the Bidding Documents or in another form acceptable to the Purchaser. The amount of the security shall be reduced in proportion to the value of the System executed by and paid to the Supplier from time to time and shall automatically become null and void when the full amount of the advance payment has been recovered by the Purchaser. The way the value of the security is deemed to become reduced and, eventually, voided is as specified in the SCC. The security shall be returned to the Supplier immediately after its expiration.

Advance Payment Security. 12.1 The Contractor shall provide an advance payment security issued by a Japanese financial institution, which secures the repayment of any sum advanced by the Client upon the Contractor’s defaults from the date of the advance payment to the date of the issue of certificate of completion of the Work. 12.2 The amount of the advance payment security shall be the sum in short deducting the amount which corresponds to the percentage of completion of the Work from the total amount of payments already executed to the Contractor. The Contractor may reduce the amount of advance payment security after the execution of each payment stipulated in the Article 6 thereof. （注：例えば、契約認証時に 40％、出来高 50％達成時に 30％を支払う場合、既契約額は 40％+30％で 70％なので、出来高 50％との差額 20％の保証としてもよい。） 12.3 Prior to requesting the advance payment, the Contractor shall provide the advance payment security and the Consultant shall have the custody of the advance payment security. Such security shall be returned to the Contractor immediately after the issue of the certificate of completion of the Work. 12.4 In making a claim under the advance payment security, the Client shall notify the Japanese financial institution in writing, stating the nature of the default and the amount of damages in respect of the claim. 12.5 The amount to be paid under the claim shall be the amount of the actual damage incurred, and in no case shall it exceed the amount of the advance payment security.

Advance Payment Security. (a) The Operator shall provide a security in an amount equal to the advance payment calculated in accordance with the Terms and Procedures of Payment Appendix and in the same currency or currencies. (b) The advance payment security shall be in the form provided in the Bidding Documents or in another form approved by the Owner. The amount of the advance payment security may be progressively reduced as provided for in the Terms and Procedures of Payment Appendix. The advance payment security shall be returned to the Operator immediately after its expiration.

Advance Payment Security. The BPO Service Provider shall provide within fifteen (15) days of the notification of Contract award an Advance Payment Security in the amount of the Advance Payment specified in SCC for GCC Clause 18.1 above.

Advance Payment Security. (a) As specified in the SCC, the BPO Service Provider shall provide a security equal in amount and currency to the advance payment and valid until the acceptance of all the deliverables. (b) The security shall be in the form provided in the Annexure-5 or in another form acceptable to the Trust. The amount of the security shall be reduced in proportion to the value of the contract executed by and paid to the BPO Service Provider from time to time and shall automatically become null and void when the full amount of the advance payment has been recovered by the Trust. The way the value of the security is deemed to become reduced and, eventually, voided is as specified in the SCC. The security shall be returned to the BPO Service Provider immediately after its expiration.

Advance Payment Security. 14.2.1 The Contractor shall, within twenty-eight (28) days of the notification of contract award, provide a security in an amount equal to the advance payment calculated in accordance with the Appendix to the Contract Agreement titled Terms and Procedures of Payment, and in the same currency or currencies. 14.2.2 The security shall be in the form provided in the bidding documents or in another form acceptable to the Employer. The amount of the security shall be reduced in proportion to the value of the Facilities executed by and paid to the Contractor from time to time, and shall automatically become null and void when the full amount of the advance payment has been recovered by the Employer. The security shall be returned to the Contractor immediately after its expiration.

Advance Payment Security. The Contractor shall provide an advance payment security issued by a Japanese financial institution, which secures the repayment of any sum advanced by the Client upon the Contractor’s defaults from the date of the advance payment to the date of the issue of certificate of completion of the Work.

Advance Payment Security. Tenderer who gets Contract awarded, should he opt for payment of the part of the contracted price through advance payment (advance is optional), is obliged to, within 30 (thirty) calendar days from the day of conclusion of the Contract, submit to the Contracting Authority the Advance Payment Security, to the amount of the requested advance, which cannot be higher than 30% of the contract price (EUR) and it has to be submitted in the way defined in part B of the tender document – Bank guarantees. Advance Payment Security validity period is 30 days longer than the deadline for the delivery of goods. The advance is payed within 30 (thirty) days from the day of submitting the Advance Payment Security.