The Advance Payment definition

The Advance Payment means the amount required to be paid in advance by the Client when submitting an order under Clause 2.4.
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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.

Related to The Advance Payment

  • Advance Payment means a payment that a federal awarding agency or passthrough entity makes by any appropriate payment mechanism, including a predetermined payment schedule, before the non-federal entity disburses the funds for program purposes.

  • Advance Payments means the payments made by Customer in advance of delivery with respect of an Aircraft pursuant to Section 4.2 of the Purchase Agreement.

  • Guaranteed Advance Payment Sum means: The maximum amount of R .........................................................................

  • Term Advance has the meaning specified in Section 2.01(a).

  • Monthly Payment Advance means, with respect to any 20[•]-[•] Lease and any Collection Period, an amount equal to the difference between the Monthly Payment due and the Lessee Partial Monthly Payment.

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Final Advance means an Advance made pursuant to Section 2.02(d).

  • Payment/Advance Form is that certain form attached hereto as Exhibit B.

  • Cash Advance Fees shall have the meaning specified in the Credit Card Agreement applicable to each Account for cash advance fees or similar terms.

  • Cash Advance Fee means a cash advance fee or similar fee that is charged to an Account under the related Credit Card Agreement.

  • The Advance Purchase Order or “Letter of Intent” means the intention of Purchaser to place the Purchase Order on the bidder.

  • Equipment Advance is defined in Section 2.1.1.

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • Interest Advance means an Advance made pursuant to Section 2.02(a).

  • Revolving Advance has the meaning given in Section 2.1.

  • Eligible advance means an advance made before August 19, 1993.

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Agent Advance shall have the meaning provided in Section 2.01(e).

  • Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

  • Loan Advance The meaning specified in Section 2.2(a).

  • Maximum Revolving Advance Amount means $30,000,000.

  • Additional Advance means each additional loan that is made under an RBC Homeline Plan after the initial advance, including any new or additional advances, increases to principal, or further borrowings or extensions of the term, including in the case of any fluctuating account or accounts, revolving loans, or lines of credit, additional segments of such facilities made after the initial advance. They are referred to collectively as Additional Advances.

  • The Advance Work Order or “Letter of Intent” means the intention of Purchaser to place the Work Order on the bidder.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).