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.
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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.

Related to INTP Security

  • System Security means the security and quality objectives set out in Part 8 of the Code;

  • LCR Security means any commercial paper or security (other than equity securities issued to Parent or any Originator that is a consolidated subsidiary of Parent under GAAP) within the meaning of Paragraph __.32(e)(viii) of the final rules titled Liquidity Coverage Ratio: Liquidity Risk Measurement Standards, 79 Fed. Reg. 197, 61440 et seq. (October 10, 2014).

  • of a Security means the principal of the Security plus the premium, if any, payable on the Security which is due or overdue or is to become due at the relevant time.

  • Bid Security means the bid security provided by the Contractor to the Authority in accordance with the Request for Proposal, and which is to remain in force until substituted by the Performance Security;

  • Quasi-Security means an arrangement or transaction described in paragraph (b) below.