Examples of The Advance Payment in a sentence
The Advance Payment Guarantee shall be denominated in the proportion and currencies named in the form of foreign currency requirements.
The Advance Payment request shall be accompanied by an Advance Payment Security (Guarantee) in the form provided in Section IX.
The Advance Payment will be credited to the Customer's initial bill.
CC Clause 51.1 The Advance Payment will be [insert currency and amount or state as a percentage of the contract sum] and will be paid to the Contractor no later than [insert date].
The Advance Payment request shall be accompanied by an Advance Payment Security (Guarantee) in the form provided in Section X.
The Advance Payment shall be made only upon the submission by the Contractor to and acceptance by the Procuring Entity of an irrevocable standby letter of credit of equivalent value from a commercial bank, a bank guarantee or a surety bond callable upon demand, issued by a surety or insurance company duly licensed by the Insurance Commission and confirmed by the Procuring Entity.
The Advance Payment shall be repaid by the Contractor by deducting, from periodic progress payments to be made to the Contractor, a percentage equal to the percentage of the total Contract Price used for the Advance Payment.
The Advance Payment for mobilisation expenses shall be made in two instalments each equal to 5% (five percent) of the Contract Price.
The Advance Payment Request Form shall be provided by CARB to the Grantee after the grant execution.
The Advance Payment Guarantee shall be denominated in the proportion and currencies in Kenya shillings.