Milestone Payment Table Sample Clauses

Milestone Payment Table. The project milestones and schedule of payments is shown below. Any adjustments to the milestone deliverable dates must be approved in writing by the NYSERDA Project Manager. The Contractor shall submit invoices for payment of a completed milestone once the associated Deliverable(s) is approved by the NYSERDA Project Manager. Invoices shall be submitted in a template provided by NYSERDA and as outlined in Article IV of the Agreement. NYSERDA funding shall not exceed 100% of the cost of any milestone. NYSERDA is not responsible for any Deliverable costs that are greater than the NYSERDA contribution for each milestone. If the Contractor fails to complete the project or any milestone of the project, funds disbursed shall be subject to recapture as outlined in Section 2.03 under Exhibit B. NYSERDA CEC grant funds shall only cover the cost of the project after any other incentives (private, state, federal, etc.) received by the Contractor are removed. It is NYSERDA’s expectation that all dollars awarded under this contract will be used to support clean energy projects. Should Contractor find available funds, for example, through cost savings achieved in performance of the Statement of Work, Contractor agrees to use those funds for clean energy projects. Milestone # Milestone Dates Deliverable Description NYSERDA Contribution ($) (Not to Exceed) Project Plan Phase 1 3/30/1900 Planning Phase – Solar $0.00 1 3/30/1900 Planning Phase – Non-Road Electric Vehicle(s) $0.00 1 3/30/1900 Planning Phase – Electric Vehicle(s) $0.00 1 3/30/1900 Planning Phase – Electric Landscaping Equipment $0.00 1 3/30/1900 Planning Phase – EV Charging Station(s) $0.00 1 3/30/1900 Planning Phase – LED Street Lights $0.00 1 3/30/1900 Planning Phase – CEC Energy Study(ies) $0.00 1 3/30/1900 Planning Phase – Clean Energy Communities (CEC) Building Upgrades $0.00 1 3/30/1900 Planning Phase – Building Heat Pump Upgrades $0.00 1 3/30/1900 Building Upgrades - NYPA Clean Energy Solutions Upgrades $0.00 1 3/30/1900 Planning Phase – Custom Project $0.00 Project Completion Phase 2 3/30/1900 Completion Phase – Solar $0.00 2 3/30/1900 Completion Phase – Non-Road Electric Vehicle(s) $0.00 2 3/30/1900 Completion Phase – Electric Vehicle(s) $0.00 2 3/30/1900 Completion Phase – Electric Landscaping Equipment $0.00 2 3/30/1900 Completion Phase – EV Charging Station(s) $0.00 2 3/30/1900 Completion Phase – LED Street Lights $0.00 2 3/30/1900 Completion Phase – CEC Energy Study(ies) $0.00 2 3/30/1900 Complet...
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Milestone Payment Table. Event Milestone Payment Completion of Milestone 1 (Sand Creek Bridge to Xxxxxxxx Road) $50,000,000 Completion of Milestone 0 (Xxxxxx Xxxxxx xx Xxxx Xxxxx Xxxxxx) $95,000,000 Completion of Milestone 3 (UPRR Crossing) $52,000,000 BOARD MEETING VERSION – NOVEMBER 7, 2018 Central 70 Project: Second Amendment to the Project Agreement Event Milestone Payment Completion of Milestone 4 (Removal of I-70 viaduct) $52,000,000 Completion of Milestone 5 (EB X-00 Xxxxxxxx Xxxxxxxxx to Dahlia Street) $53,400,000 Completion of Milestone 6 (SMA pavement and the Cover) $3,000,000 Substantial Completion $13,600,000 TOTAL $319,000,000
Sample 1
Milestone Payment Table. Event Milestone Payment Completion of Milestone 1 (Sand Creek Bridge to Xxxxxxxx Road) $50,000,000 Completion of Milestone 0 (Xxxxxx Xxxxxx xx Xxxx Xxxxx Xxxxxx) $95,000,000 Completion of Milestone 3 (UPRR Crossing) $52,000,000 BOARD MEETING VERSION – NOVEMBER 7, 2018 Central 70 Project: Second Amendment to the Project Agreement Event Milestone Payment Completion of Milestone 4 (Removal of I-70 viaduct) $52,000,000 Completion of Milestone 5 (EB X-00 Xxxxxxxx Xxxxxxxxx to Dahlia Street) $53,400,000 Completion of Milestone 6 (SMA pavement and the Cover) $3,000,000 Substantial Completion $13,600,000 TOTAL $319,000,000
Sample 1

Related to Milestone Payment Table

  • Milestone Payments From and after the Closing Date but prior to the expiration of the Put Option Period (the “Post-Closing Milestone Period”), in addition to the consideration set forth in Section 1.6(c) above, in the event that (x) the Acquired Company has achieved the Base Milestones and the Sellers’ Representative has delivered a Milestone Completion Notice, but the Acquired Company has not achieved an Additional Milestone on the Closing Date, and (y) the Acquired Company achieves the Additional Milestone during the Post-Closing Milestone Period, Purchaser shall pay to Sellers the additional amount payable in respect of such Additional Milestone in cash or, at Purchaser’s sole election, in shares of Purchaser Common *** Portions of this page have been omitted pursuant to a request for Confidential Treatment filed separately with the Commission. Stock, as set forth in Section 1.6(b)(iii) (each, a “Milestone Payment,” and collectively, the “Milestone Payments”). The Milestone Payments and the Initial Purchase Price shall be referred to herein together as the “Aggregate Purchase Price.” Upon achieving an Additional Milestone, Purchaser shall promptly provide written notice to Sellers’ Representative specifying the Additional Milestone achieved, and Purchaser shall pay the applicable Milestone Payment to Sellers within ten (10) Business Days thereof to the bank accounts or brokerage accounts indicated by the Sellers in accordance with the Proceeds Allocation, subject in each case, to the dispute resolution procedures set forth in Section 1.11. In the event of a Change of Control of Purchaser, Purchaser agrees to either (a) cause the acquirer to assume, whether in writing or by operation of law, all remaining Milestone Payments subject to the terms and conditions set forth herein or (b) accelerate the remaining Milestone Payments such that the Milestone Payments become payable immediately prior to the closing of the Change of Control transaction.

  • Milestones Subject to the provisions of the SGIP, the Parties shall agree on milestones for which each Party is responsible and list them in Attachment 4 of this Agreement. A Party’s obligations under this provision may be extended by agreement. If a Party anticipates that it will be unable to meet a milestone for any reason other than a Force Majeure event, it shall immediately notify the other Parties of the reason(s) for not meeting the milestone and (1) propose the earliest reasonable alternate date by which it can attain this and future milestones, and (2) requesting appropriate amendments to Attachment 4. The Party affected by the failure to meet a milestone shall not unreasonably withhold agreement to such an amendment unless it will suffer significant uncompensated economic or operational harm from the delay, (1) attainment of the same milestone has previously been delayed, or (2) it has reason to believe that the delay in meeting the milestone is intentional or unwarranted notwithstanding the circumstances explained by the Party proposing the amendment.

  • Billing, Payment, Milestones and Financial Security

  • Development Milestones In addition to its obligations under Paragraph 7.1, LICENSEE specifically commits to achieving (either itself or through the acts of a SUBLICENSEE) the following development milestones in its diligence activities under this AGREEMENT: (a) (b).

  • Project/Milestones Taxpayer owns and operates a variety of businesses, including athletic clubs, restaurants, golf venues, and shopping centers. In consideration for the Credit, Xxxxxxxx agrees to hire full-time employees and invest in tenant improvements as part of its headquarters expansion in San Rafael, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

  • License Fee The Licensee to shall make payment of the License Fee to Licensor on the date of this Agreement. All rights granted to Licensee by Producer in the Beat are conditional upon Licensee’s timely payment of the License Fee. The License Fee is a one-time payment for the rights granted to Licensee and this Agreement is not valid until the License Fee has been paid.

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