Additional Bank definition

Additional Bank has the meaning set forth in Section 2.17(b).

Additional Bank means any financial institution that becomes a Bank for purposes hereof in connection with the replacement of a Bank pursuant to Section 8.06.

Additional Bank has the meaning set forth in Section 2.8(b).

Examples of Additional Bank in a sentence

• The Successful Bidder has to provide Additional Bank Guarantee when quotes less than 15% of upset price mention by Corporation in Tender Document.

• For the purpose of payment of Advances to the Bidder and submission of various Bank Guarantees by the Bidder i.e Advance Payment Bank Guarantee (APBG) and Additional Bank Guarantee (ABG), as applicable, Base Contract price will be considered.

• This termination of the contract shall be at the risk and responsibility of the supplier and the purchaser reserves the right to purchase the balance unsupplied quantity/service at the risk and cost of the defaulting vendor besides considering the forfeiture of his performance security and Additional Bank Guarantee.

• The bidders have to submit the Additional Bank Guarantee for the amount calculated from percentage below 10% to the Engineer’s Estimate.

• The bidders have to submit the Additional Bank Guarantee or (Pay Order/DD) for the amount calculated from percentage below 15% to the Engineer’s Estimate.

More Definitions of Additional Bank

Additional Bank shall have the meaning assigned to that term in Section 2.8(d).

Additional Bank has the meaning given to such term in Section 2.16(a).

Additional Bank means any financial institution that becomes a Bank for purposes hereof in connection with (i) an increase in the aggregate amount of the Commitments pursuant to Section 2.19 or (ii) the replacement of a Bank pursuant to Section 8.06.

Additional Bank means a Bank that becomes a party hereto pursuant to Section 2.6 or 2.7.

Additional Bank has the meaning specified in Section 2.01(a).

Additional Bank as defined in subsection 2.1(c)(ii).

Additional Bank as defined in subsection 2.4(b).