Advance Payment definition

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 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 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

  • If so provided, the amounts certified in each payment certificate, after deducting for Advance Payment, shall be adjusted by applying the respective price adjustment fact or to the payment amounts due in each currency.

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

  • Bank Guarantee for Advance Payment / Банківська гарантія на забезпечення авансового платежу To: International Organization for Migration ("IOM”) Кому: Міжнародна організація з міграції («МОМ»), Office in [country] Представництво в [країна] [Address] [адреса] Re: Bank Guarantee for Advance Payment under the [name of Contract] between the International Organization for Migration and [Name of Service Provider] signed on [date].

  • If an advance payment is requested, the budget data on which the request is based, and a justification statement shall be included in this Agreement as Justification of Advance Payment as Attachment B.

  • A draw request for an Advance Payment must be supported with documentation clearly demonstrating that the Advance Payment is required by Subrecipient in order for Subrecipient to continue carrying out the purpose of the Project.


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 shall have the meaning ascribed to it in Clause 8.2.2;
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 4.1 and is in the amount set forth above in the Loan Facility Terms.