Advance Payment Guarantee definition

Advance Payment Guarantee means any or all of the guarantees to be procured in accordance with Clause 5.26.11 [Advance Payment].

Advance Payment Guarantee means any or all of the guarantees to be procured in accordance with Clause 27.3.

Advance Payment Guarantee a customary standby letter of credit or bank guarantee or surety issued by a Foreign Issuing Lender in favor of customers of the Parent Borrower or any of its Subsidiaries for the purpose of securing the obligation to refund advance payments made by such customers in the case contractual obligations vis-à-vis such customers are not fulfilled.

Examples of Advance Payment Guarantee in a sentence

• The Advance Payment Guarantee shall be denominated in the proportion and currencies named in the form of foreign currency requirements.

• The Guarantor hereby acknowledges that: 3.1 any reference in this Advance Payment Guarantee to the Contract is made for the purpose of convenience and shall not be construed as any intention whatsoever to create an accessory obligation or any intention whatsoever to create a suretyship; 3.2 its obligation under this Advance Payment Guarantee is restricted to the payment of money.

• The Guarantor's period of liability shall be from and including the date of issue of this Advance Payment Guarantee and up to and including the termination of the Contract or the date of payment in full of the Guaranteed Advance Payment Sum, whichever occurs first.

• This Advance Payment Guarantee is neither negotiable nor transferable and shall expire in terms of 2, whereafter no claims will be considered by the Guarantor.

• Payment by the Guarantor in terms of 4 or 5 shall be made within seven (7) calendar days upon receipt of the first written demand to the Guarantor.9. The City of Cape Town shall have the absolute right to arrange its affairs with the Supplier in any manner which the City of Cape Town may deem fit and the Guarantor shall not have the right to claim his release from this Advance Payment Guarantee on account of any conduct alleged to be prejudicial to the Guarantor.10.

More Definitions of Advance Payment Guarantee

Advance Payment Guarantee a customary standby letter of credit or bank guarantee or surety issued by an FCI Issuing Lender (with respect to FCIs) or an Issuing Lender (with respect to the Non-Financial Letters of Credit), in each case in favor of customers of the Parent Borrower or any of its Restricted Subsidiaries or Joint Ventures for the purpose of securing the obligation to refund advance payments made by such customers in the case contractual obligations vis-à-vis such customers are not fulfilled.

Advance Payment Guarantee means advance payment guarantee to be furnished by Service Provider by way of bank guarantee issued by a Scheduled commercial bank in India for an amount equivalent to mobilization advance (if any) disbursed in terms of this Contract and as per the format enclosed at Appendix D hereto. b) “Applicable Law” shall mean all laws, bye-laws, rules, regulations, orders, ordinances, protocols, codes, guidelines, policies, notices, directions, judgments, decrees and any other instruments having the force of law in India, as they may be issued and in force from time to time. c) “Applicable Permits” shall mean any and all permission, clearances, consents, approvals, authorisations, notifications, acknowledgements, licenses, no-objections and permits of any Government authority required in connection with and/or for undertaking, performing or discharging the Service obligations or fulfilment of the Service requirements as contemplated in this Contract. d) “Contract Value” shall mean the aggregate amount computed as arithmetic product of: (i) the Kind and number of Resource deployed [as per details set out at Annexure I [Appendix A]; and (ii) the L1 Rates quote of Service Provider made in its Financial Bid, based on which it was selected. For the purposes of this Contract, the term “L1 Rates” shall mean the respective rate corresponding to relevant Resource, as quoted by Service Provider in its Financial Bid and reproduced in Annexure I of Appendix A hereto. e) “Contract” means this Contract signed by the Parties and all the attached documents listed in its Clause 1 hereto, that is General Conditions (GCC), the Special Conditions (SCC), and the Appendices, as of the date hereof. f) Confidential Information” means all documents and other forms of information, including oral and electronics communications, disclosed by a Party or its representatives to the other Party or that Party‟s representatives in connection with this Contract and expressly or impliedly indicated to be confidential.

Advance Payment Guarantee means the unconditional, irrevocable and on-demand bank guarantee in favour of the Purchaser for the amount and validity period as specified in Appendix 2 and in the form and substance set forth in Appendix 15 hereof, issued by an internationally recognised first class bank acceptable to the Purchaser;

Advance Payment Guarantee means a guarantee in the form set out in Annex V

Advance Payment Guarantee means the guarantee (if any) provided under Article 10.1, and which may form an Appendix hereto.

Advance Payment Guarantee means any or all of the guarantees to be procured in

Advance Payment Guarantee shall have the meaning given to it in clause 9.1.1; "Affected Party" shall have the meaning given in clause 14.3.1;