Examples of Payment Guarantee in a sentence
No Payment Guarantee will be provided.' Clause 3.3 is deleted and substituted with: The principal agent shall complete the schedule and arrange for formal signing of the agreement once the priced bill of quantities/lump sum document, security, insurances and waiver of lien, where acceptable, have been provided and effected'.
Before ISR effects the Second Payment (as defined in the payment schedule in Section 9 above), and as a condition thereto, the Supplier shall furnish ISR with a bank guarantee in the full amount of the payment then due in the form attached hereto as Annex G1 (the "Payment Guarantee").
Before payment by ISR of the Down Payment specified in Section 9 above, and as a condition thereto, the Supplier shall furnish ISR with an irrevocable autonomous bank guarantee in the full amount of such Down Payment in the form attached hereto as Annex G1 (the "Down Payment Guarantee").
The Advance Payment Guarantee shall guarantee the set-off or repayment of the advance payment.
Before payment by ISR of the Down Payment specified in Section 99 above, and as a condition thereto, the Supplier shall furnish ISR with an irrevocable autonomous bank guarantee in the full amount of such Down Payment in the form attached hereto as Annex G1 (the "Down Payment Guarantee").