LNTP Security definition

LNTP 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 purchase order issued by Owner for the Work to be performed during the LNTP phase.
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Examples of LNTP Security in a sentence

  • Pursuant to the Alliance Agreement, Owner has issued a Limited Notice to Proceed (LNTP) and Contractor has posted the LNTP Security.

Related to LNTP Security

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

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

  • 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).

  • 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;

  • Proposal Security means the proposal bond as described in Section 3.3 of Exhibit B to the ITP.