INTP Security definition
INTP Security means the letter of credit posted by Contractor in a form and by an issuing bank acceptable to Owner, in the amount equal to the sum of the purchase orders issued by Owner at LNTP and INTP.
Examples of INTP Security in a sentence
Pursuant to the Alliance Agreement, Owner has issued an Intermediate Notice to Proceed (INTP) and Contractor has posted the INTP Security.