Completion Milestone Payment definition

Completion Milestone Payment the sums payable for the Works as set out in a Payment and Price Schedule contained within the Statement of Work. "Data Protection Legislation" means 1) unless and until EU Regulation 2016/679 General Data Protection Regulation (“GDPR”) is no longer directly applicable in the UK, the GDPR, the Data Protection Act 2018 and any national implementing laws, regulations, and secondary legislation (as amended from time to time), in the UK and subsequently 2) and any legislation which succeeds the GDPR;
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Examples of Completion Milestone Payment in a sentence

  • Pursuant to the C-70 Project Agreement, a failure to perform certain obligations by the Developer may result in a Substantial Completion Deduction Amount to the Substantial Completion Milestone Payment.

  • The Substantial Completion Milestone Payment Amount will be adjusted in accordance with Section 4.2 below.

  • Ensurge shall either execute a wire transfer or deliver a cashier’s check, in each case representing immediately available funds, to the Owner and Xxxxxxxx, as required to satisfy each of the Signing Payment, the Facility Construction Milestone Payment and the Facility Completion Milestone Payment (which three types of payment are collectively referred to herein as “Milestone Payments”), as well as the royalty payments described below in paragraph 8.

  • Fortis alleges that it is currently due the OPUS-2 Successful Completion Milestone Payment and the Base Case Approval Milestone Payment.As noted, all of the Base Case Milestones are contingent upon the occurrence of the Achievement Date.

  • This Agreement shall be deemed to have been terminated by Ensurge upon any failure by Ensurge to make a Milestone Payment on a timely basis; specifically, within five (5) business days in the case of the due date for the Signing Payment and within ten (10) business days of the due date in the case of either the Facility Construction Milestone Payment or the Facility Completion Milestone Payment.

  • Once that occurred, Fortis argues it was due the OPUS-2 Successful Completion Milestone Payment.

  • Travis County paid to the lender the Substantial Completion Milestone Payment in an amount equal to $34,991,966.79, and such amount was applied to fully pay and satisfy the construction loan, whereupon the lender has released its lien and security interest in the property of TCCDP securing the Construction Loan.

  • Substantial completion Milestone Payment Amount = SCMP – Lesser of (SCMPAC) or (SCMPA)Where: SCMP = Substantial Completion Milestone Payment shown in Exhibit 4 of the Agreement SCMPAC = the amount of the Substantial Completion Milestone Payment Adjustment Cap which shall be $10,000,000.

  • Performance-based Payment DeductionsThe Substantial Completion Milestone Payment and all performance payments will be subject to monetary deductions for the Developer’s failure to meet: 1) quality or service requirements (“Noncompliance Events”), and 2) unexcused lane closures (“Closures”).

  • A resolution put to the vote at a membershareholders’ meeting must be decided on a show of hands unless a poll is demanded.

Related to Completion Milestone Payment

  • Development Milestone Payment shall have the meaning set forth in Section 9.2(a).

  • Milestone 2 means achievement of annual Net Sales of at least $35,000,000 during any Calendar Year ending on or before December 31, 2024.

  • Milestone means an event or task described in the Implementation Plan which must be completed by the corresponding date set out in such plan;

  • Project Milestone means the project milestone set forth in Schedule-J;

  • Sales Milestone Payment shall have the meaning set forth in Section 8.4.

  • Milestone 1 means achievement of annual Net Sales of at least $20,000,000 during the Calendar Year ending on December 31, 2021.

  • Milestone Payment has the meaning set forth in Section 4.2.

  • Project Milestones means the project milestones set forth in Schedule-G;

  • Milestone Date means the date set against the relevant Milestone in the Implementation Plan;

  • Development Milestone Event has the meaning set forth in Section 7.2.1.

  • Development Milestone is defined in Section 5.3.

  • Milestone Event has the meaning set forth in Section 8.2.1.

  • Milestone Events has the meaning set forth in Section 7.2.

  • Performance Milestone means an act or event specified in section 5.1 and described in section 9 of the EPLA.

  • Milestones means control points in the project that help to chart progress. Milestones may correspond to the completion of a key deliverable, allowing the next phase of the work to begin. They may also be needed at intermediary points so that, if problems have arisen, corrective measures can be taken. A milestone may be a critical decision point in the project where, for example, the consortium must decide which of several technologies to adopt for further development.

  • Milestone Dates means the dates for completion of specified Project activities as contained in the Project Schedule.

  • Milestone Schedule means Seller’s milestone schedule, the form of which is attached to this Agreement as Exhibit Q.

  • Milestone Payment Date has the meaning set forth in Section 2.4(a).

  • Milestone Payments means payments made in connection with any Permitted Acquisition or other acquisition (including any license or the acquisition of any license) of any rights in respect of any drug or other pharmaceutical product (and any related property or assets) to sellers (or licensors) of the assets or Equity Interests acquired (or licensed) therein based on the achievement of specified revenue, profit or other performance targets (financial or otherwise).

  • Completion Payment means the payment for the 20% of the Charges for each Apprenticeship that under the ESFA Rules is only paid once an Apprentice takes their end point assessment, including as the case may be Apprenticeships funded by Transferred Levy Funds;

  • Milestone Failure means a failure by the Grant Recipient fully to achieve any Milestone by the relevant Milestone Date;

  • Milestone Notice has the meaning set forth in Section 2.4(a).

  • project completion period means the period of sixty (60) months commencing from and expiring on for the construction and obtaining of Temporary Occupation Permit or Permits for the whole of the Development as provided in clause 3.3;

  • Project Completion Date means the date on which the Completion Certificate is issued;

  • Final Completion means the date determined and certified by A/E and Owner on which the Work is fully and satisfactorily complete in accordance with the Contract.

  • Final Completion Date means the date on which Final Completion occurs.