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 Payment shall have the meaning set forth in Clause 19.2; “Affected Party” shall have the meaning set forth in Clause 21.1;
Advance Payment means any payment by an Obligor in advance of the related Due Period in which it would be due under such Contract and which payment is not a Principal Prepayment.
Examples of Advance Payment in a sentence
Furthermore, we understand that in accordance with the provisions of the Contract, specifically Article [number of the clause] of the above-mentioned Contract, an advance payment in the sum of [amount in numbers] [amount in words] (“Advance Payment”) is to be made against a Bank Guarantee for Advance Payment to be deposited by the Contractor with IOM.
This Guarantee shall remain valid and in full effect from the date of the Advance Payment under the Contract until [insert the date of expiry], which date may be extended from time to time for such period as may be agreed by IOM and the Contractor.
More Definitions of Advance Payment
Advance Payment means the monetary amount payable to an employee ordered/authorized to depart or his/her designated representative in advance of the date on which the employee would otherwise be entitled to be paid.
Advance Payment is defined in Section 3.1(b) of this Agreement.
Advance Payment means a sum equal to the amount named in Special Conditions of Contract and paid to the Contractor by WAPCOS Limited by way of a mobilisation/advance payment in accordance with Clause 5.26.11 [Advance Payment].
Advance Payment means a payment foreseen in the Contract intended to provide the Contractor with liquidity to allow the initiation of the contractual works.
Advance Payment has the meaning given in Clause 4.1 and is in the amount set forth above in the Loan Facility Terms.
Advance Payment shall have the meaning set forth in Clause 19.2;