Proposal Deposit definition
Examples of Proposal Deposit in a sentence
Along with the Contractor’s copies of the aforementioned documents for return, the Contractor will receive with the Notice to Proceed the return if it’s Proposal Deposit.
Boeing acknowledges receipt of a Deposit or Proposal Deposit as applicable for each Aircraft.
Boeing will apply such deposit to the Proposal Deposit payable pursuant to Section 7.2 hereof with respect to each Rights Aircraft purchased pursuant to the exercise of an MADP Right.
Customer will pay to Boeing a Proposal Deposit (less any deposit previously paid pursuant to Section 7.1) for each Rights Aircraft purchased pursuant to the exercise of such Purchase Right.
In the event the successful Contractor fails or is unable or unwilling to make all prerequisite arrangements and commence the work, Veridian shall cash the Proposal Deposit cheque submitted as liquidated damages and in order to defray Veridian's costs to reissue this Contract or select another Contractor.
On selection for award, the successful Contractor shall make all prerequisite arrangements to Veridian's satisfaction as per the requirements herein and commence the work, following which Veridian shall return the Proposal Deposit to them.
Proposal Deposit The Contractor agrees to submit with their Proposal a Proposal Deposit, payable to and in the amount set out in the Contractor's Proposal Form, in the form of a certified cheque, which cheque shall be held by Veridian until the work set out herein is either awarded to the satisfaction of Veridian or this Contract is formally cancelled.