Bonded Sum definition

Bonded Sum means an amount of HK$[ ];
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Bonded Sum means the amount set out in the Annexe;
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Bonded Sum means the amounts set out in the Annexe;
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Examples of Bonded Sum in a sentence

  • This bond specifically guarantees the performance of each and every obligation of Principal under the Contract Documents, as they may be amended and supplemented, including but not limited to its liability for Liquidated Damages and Warranties as specified in the Contract Documents, but not to exceed the Bonded Sum.

  • INTEREST AND COSTS The Bank shall pay interest on the Bonded Sum Payable from the date of demand to the date of payment in full (both dates inclusive) compounded quarterly (both before and after judgment) at 2 per cent per annum over the prime rate quoted by The Hongkong and Shanghai Banking Corporation Limited from time to time.

  • MAXIMUM LIMIT The maximum amount for which the Bank shall be liable under this Performance Bond shall not exceed the aggregate of:(a) the Bonded Sum; and (b) the aggregate of all sums payable under clauses 4 and 7.

  • KPLC may make more than one demand, provided that the aggregate of all demands shall not exceed the Bonded Sum.

  • The Bank shall pay interest on the Bonded Sum Payable from the date of demand to the date of payment in full (both dates inclusive) compounded quarterly (both before and after judgment) at 2 per cent per annum over the prime rate quoted by The Hongkong and Shanghai Banking Corporation Limited from time to time.

  • The Bank shall pay interest on the Bonded Sum Payable from the date ofdemand to the date of payment in full (both dates inclusive) compounded quarterly (both before and after judgment) at 2 per cent per annum over the prime rate quoted by The Hongkong and Shanghai Banking Corporation Limited from time to time.

  • The Bank shall pay interest on the Bonded Sum from the date of demand to the date of payment in full (both dates inclusive) compounded quarterly (both before and after judgment) at 2 per cent per annum over the prime rate quoted by The Hongkong and Shanghai Banking Corporation Limited from time to time.

  • The Bondsman shall upon demand made by KPLC in writing but otherwise without proof or conditions (both as to the default and the amount claimed) pay an amount up to and equal to the Bonded Sum.

  • Each of Surety and Principal hereby consents to the automatic increase of the Bonded Sum as set forth in the prior sentence and waives notice related to such increase.

  • INTEREST AND COSTS The Bank shall pay interest on the Bonded Sum from the date of demand to the date of payment in full (both dates inclusive) compounded quarterly (both before and after judgment) at 2 per cent.


More Definitions of Bonded Sum

Bonded Sum means an amount of HK$ [exact amount to be specified by the Authority on a case-by-case basis but it is expected to be not more than
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Related to Bonded Sum

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.

  • Notice to Proceed (NTP) means the authorization issued by the CO to start performance on this Contract.

  • Completion Bonds means Bonds issued pursuant to a Supplemental Indenture ranking on parity with the Series of Bonds issued under such Supplemental Indenture, the proceeds of which are to be used to complete the Project.

  • Scheduled Project Completion Date shall have the meaning specified in Section 6.3 (c);

  • The Contract Price/Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.

  • Performance Bank Guarantee/ Security Deposit means interest free amount to be deposited by the Contractor with NMRC as per terms and conditions of Contract Agreement as a security against the performance of the Contract agreement

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.

  • Total Contract Price means the total set out in "Tender Document Form: Contract Prices".

  • Notice to Proceed means notice issued by the OPWC pursuant to Section IV of this Agreement. "OPWC" means the Ohio Public Works Commission created pursuant to Revised Code Section 164.02.

  • Contract Price means the price payable to the supplier under the contract for the full and proper performance of his contractual obligations.

  • Ground Rent means any rent, additional rent or other charge payable by the tenant under the Ground Lease.

  • Project Completion Date means the date on which the Completion Certificate is issued;

  • project completion period means the period of sixty (60) months commencing from and expiring on for the construction and obtaining of Temporary Occupation Permit or Permits for the whole of the Development as provided in clause 3.3;

  • Subproject means a specific water and/or sanitation Subproject financed or to be financed by a Subproject Grant (as hereinafter defined) provided from the proceeds of the Credit under Part C.1 of the Project;

  • Project Completion means completion of the Redevelopment in accordance with this Agreement to the state where the whole of the Morley Shopping Centre, as so redeveloped, is capable of occupation for its intended purpose;

  • Punch List means the list of items, prepared in connection with the inspection of the Project by the Owner’s Representative or Architect in connection with Substantial Completion of the Work or a portion of the Work, which the Owner’s Representative or Architect has designated as remaining to be performed, completed or corrected before the Work will be accepted by the Owner.

  • Performance Bank Guarantee means the irrevocable unconditional bank guarantee to be submitted by the successful bidder as per Section 3.9.

  • Cost Overrun means an obligation exceeding the maxi- mum capital expenditure authorized by an approval.

  • The Contract Price/ Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.

  • Project Costs means all allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contribu- tions made by third parties in accom- plishing the objectives of the award during the project period.

  • Acre-foot means the amount of water necessary to cover one acre of land one foot deep, or about 325,851 U. S. gallons of water.

  • The Contract Price means the price payable to the Supplier under the Contract for the full and proper performance of its contractual obligations.

  • Original contract price means the award price of the contract; or, for requirements contracts, the price payable for the estimated total quantity; or, for indefinite-quantity contracts, the price payable for the specified minimum quantity. Original contract price does not include the price of any options, except those options exercised at the time of contract award.

  • Monthly Rent means the monthly installment of Minimum Annual Rent plus the monthly installment of estimated Annual Operating Expenses payable by Tenant under this Lease.

  • Total Project Costs means the total amount of money required to complete the Project.

  • Security Deposit means the deposit to be held by the owner as security for the due performance of the contractual obligations.