Break Payment definition

Break Payment means the amount determined by the City to be payable to each Proponent for wasted proposal development costs in the event that the procurement process commenced by issuance of this RFQ is terminated by the City after issuance of the RFP at a time when the City recognizes that Proponents have expended significant time and effort preparing to respond to the RFP;
Break Payment has the meaning set out in Clause 9.1;
Break Payment means the sum of £50 million (fifty million pounds Sterling);

Examples of Break Payment in a sentence

  • By addressing, or at least emphasizing, the biases that investors experience, better investor education may reduce the expanded danger of investing errors and provide the most long-term prospects for more rational decision-making.43 It is also claimed that investor education supports greater market participa- tion.44Similarly, to Regulation 2020/1503 also, MIFID II establishes an entry knowl- edge test for investors.

  • The base amount of the Break Payment (the “Base Break Payment”) is set out in the RFP Data Sheet.

  • Payment of a Break Payment shall represent full and final satisfaction of any obligation or liability of the City to the Proponent and Proponent Team Members in connection with this RFP, and the City’s obligation to pay the Break Payment shall be contingent on the receipt of a waiver, in form and substance satisfactory to the City, from the Proponent and Proponent Team Members to that effect.

  • For greater certainty, a Proponent shall not be eligible to receive both a Break Payment and a Proposal Submission Fee relating to the Proponent’s participation in the RFP Process for this Project.

  • The county board of supervisors may elect to require the approval of any such contract by the county board of supervisors.(e) Assist the county developmental disabilities services board under sub.


More Definitions of Break Payment

Break Payment has the meaning given to it in sub-clause 7.1;
Break Payment means, subject to Clause 11.4, the sum of £750,000,000 (seven hundred and fifty million pounds sterling) (such amount being exclusive of any amount in respect of VAT, if any);
Break Payment has the meaning given in clause 7.1;
Break Payment means any amount owed by an Obligor under a Fixed Rate Loan and which amount is owed following payment by that Obligor of any principal before the due date for that principal, in accordance with the terms of the relevant Receivable Agreement (and includes an amount owed by the Mortgage Insurer with respect to the obligation of an Obligor to pay any such amount).
Break Payment means the sum of £1,750,000;
Break Payment means the amount determined by the City to be payable by the City to each Prequalified Party for proposal development costs as contemplated by and consistent with B10.4;
Break Payment means the monetary amount as determined by the City to be payable to each Prequalified Proponent for proposal development costs in the RFP Process in the event that the procurement process commenced by issuance of this RFQ is terminated by the City after issuance of the RFP;