Common use of Payment of Late Completion Payments Clause in Contracts

Payment of Late Completion Payments. Late Completion Payments shall be paid by Contractor or withheld by Concessionaire, as applicable, in arrears at the payment intervals applicable to Scheduled Payments beginning after the Guaranteed Substantial Completion Date or the Guaranteed Final Acceptance Date, as applicable, with the last such payment to occur on the date on which Substantial Completion or Final Acceptance, as applicable, actually occurs. Concessionaire’s rights of set-off under Section 4.7 hereof expressly apply to any amounts of the Late Completion Payment not timely paid to Concessionaire hereunder.

Payment of Late Completion Payments. Late Completion Payments and Additional Contractor Delay Payments shall be paid by Contractor or withheld by Concessionaire, as applicable, in arrears at the payment intervals applicable to Scheduled Payments beginning after the Xxxx Ex Guaranteed Substantial Final Completion Date or the Guaranteed Final Acceptance Date, as applicable, with the last such payment to occur on the date on which Substantial Completion or Xxxx Ex Final AcceptanceCompletion, as applicable, actually occurs. Concessionaire’s rights of set-set- off under Section 4.7 hereof expressly apply to any amounts of the Late Completion Payment not timely paid to Concessionaire hereunder.

Payment of Late Completion Payments. Late Completion Payments and Additional Contractor Delay Payments shall be paid by Contractor or withheld by Concessionaire, as applicable, in arrears at the payment intervals applicable to Scheduled Payments beginning after the 395 Guaranteed Substantial Final Completion Date or the Guaranteed Final Acceptance Date, as applicable, with the last such payment to occur on the date on which Substantial Completion or 395 Final AcceptanceCompletion, as applicable, actually occurs. Concessionaire’s rights of set-off under Section 4.7 hereof expressly apply to any amounts of the Late Completion Payment not timely paid to Concessionaire hereunder.