Examples of Equipment Advance in a sentence

However, if the Contract is terminated due to default of the Contractor, the Mobilization Advance and the Equipment Advance shall be deemed to be an interest bearing advance at the base rate of the State Bank of India, as application on the date of such advance payment.
Equipment Advance up to 90% (ninety percent) of the cost of the new equipment brought to the site, subject to a maximum of 10% ( ten percent) of the initial contract price excluding the contract price for routine maintenance The Bank Guarantee shall remain effective until the advance payment has been repaid, but the amount of the guarantee shall be progressively reduced by the amounts repaid by the Contractor.
All unpaid principal and accrued interest is due and payable in full on the last Payment Date with respect to such Equipment Advance.
If Borrower satisfies the conditions of each Equipment Advance, Bank shall disburse such Equipment Advance by transfer to the Designated Deposit Account.
Mobilisation Advance and Construction Equipment Advance shall be paid at 14% interest rate and against Bank Guarantee for Mobilisation Advance and against hypothecation of Construction Equipment to the Employer.

More Definitions of Equipment Advance

Equipment Advance has the meaning set forth in Section 1.1(b).

Equipment Advance is defined in Section 2.1.2.

Equipment Advance or "EQUIPMENT ADVANCES" shall mean any advance made hereunder pursuant to Section 2.1.1, Section 2.1.2, Section 2.1.3, Section 2.1.4, or Section 2.1.5 hereof."

Equipment Advance or "Equipment Advances" shall mean any advance made hereunder pursuant to Sections 2.1.2,2.1.3 and 2.1.5."

Equipment Advance or "Equipment Advances" means a cash advance or cash advances under the Equipment Facility.

Equipment Advance means any Loan funds advanced under this Agreement that are not Secondary Equipment Advances.

Equipment Advance is defined in Section 2.4(a).