Construction Payments definition

Construction Payments has the meaning given in clause 91.9.2
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Construction Payments has the meaning in Section 2.1 of Schedule 8 [Payments];
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Construction Payments means payments from the Authority to Project Co during the Construction Period pursuant to Schedule 8 [Payments] of the Project Agreement;
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Examples of Construction Payments in a sentence

  • All payments to CMR shall be subject to the provisions of the Texas Property Code, Chapter 162, concerning Construction Payments, Loan Receipts, and Misapplication of Trust Funds.

  • Code Ch. 162, concerning Construction Payments, Loan Receipts, and Misapplication of Trust Funds.

  • Within ten (10) calendar days of receiving a complete Application, Landlord will pay to Tenant the amount requested by Tenant in such Application (each such payment, a “Construction Payment”), provided that the aggregate amount of the Construction Payments does not exceed the Construction Contribution Amount.

  • Other than the Construction Payments paid to Tenant in accordance with the terms and conditions of this Agreement, Tenant shall not be entitled to receive any payments, reimbursements or other compensation in connection with the performance of its duties, responsibilities and obligations under this Agreement.

  • Step 6 – Construction Payments If the project is new construction or if the project is sizable (lasting more than 2-3 months) the contractor will demand that they are paid overtime or at certain “checkpoints”.

  • With respect to Indeterminate Service only, Main Extensions requiring customer Construction Payments are, in accordance with the terms of the Extension Agreement, subject to refund without interest during the ten-year period commencing with the Extension Agreement Date.

  • Construction Payments means the payments to be made to the Concessionaire during the Tolly’s Nallah Construction Period, upon satisfactory completion of the relevant Tolly’s Nallah Payment Milestones, which shall, in aggregate, be equivalent to 40% of the Tolly’s Nallah Bid Project Cost, as adjusted from time to time to reflect the variation in the Construction Price Index.

  • However, the Concessionaire may, at its discretion, progressively reduce the value of the relevant Mobilization Advance Guarantee by the amount of the Mobilization Advance adjusted against each of the 4 instalments of the Construction Payments, in accordance with Clause 9.3(d).

  • If the Contract is terminated due to Employer Event of Default, the Employer shall pay the Contractor the Construction Payments due to the Contractor as on the date of the notice given by the Contractor with the intent to terminate as provided in Clause 30.8 LESS any amounts due and payable by the Contractor under this Contract (including but not limited to any Liquidated Damages payable).

  • During construction, the Concessionaire will receive Construction Payments based upon achieved progress.


More Definitions of Construction Payments

Construction Payments means the payments to be made to the Concessionaire Construction Period has the meaning ascribed to it in Clause 7.1. Construction Plan means the detailed construction plan for the Facilities and Construction Price Index shall comprise:
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Construction Payments means the Progress Payments with respect to each Vessel or any other amounts due under the Assigned Construction Contract.
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Related to Construction Payments

  • 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;

  • Production Payments means, collectively, Dollar-Denominated Production Payments and Volumetric Production Payments.

  • Exception Payments means payments to deposit accounts or brokerage accounts, payments to settle securities transactions (including, without limitation, stocks, bonds, securities, futures (forex), options, or an investment interest in any entity or property).

  • Production Payment means a production payment obligation (whether volumetric or dollar denominated) of the Borrower or any of its Restricted Subsidiaries which are payable from a specified share of proceeds received from production from specified Oil and Gas Properties, together with all undertakings and obligations in connection therewith.

  • Construction Costs means land costs, all costs paid to construct and complete the Improvements, as specified on Exhibit "B" attached hereto and made a part hereof.

  • Rental Payments means the rental payments paid by the occupant of a unit, excluding any supplemental rental assistance to the occupant from the State, the federal government, or any other public agency, but including any mandatory fees or charges imposed on the occupant by the Owner as a condition of occupancy of the unit.

  • Construction Fee means a fee or other remuneration for acting as general contractor and/or construction manager to construct improvements, supervise and coordinate projects or provide major repairs or rehabilitations on a Property.

  • Lease Termination Payments means all payments received by or on behalf of any Seller with respect to a Lease with respect to any terminations, surrenders, modifications, renewals or amendments of any such Lease.

  • Construction Debt means debt incurred to fund (a) all or a portion of a Capital Improvement, (b) interest payments (including periodic net payments under related interest rate swap agreements) and related fees on other Construction Debt or (c) distributions (including incremental Incentive Distributions) on Construction Equity.

  • Loan Payments means the amounts required to be paid by the Company in repayment of the Loan pursuant to Section 4.1 hereof.

  • Lease Payments means the rental payments described in Exhibit A hereto.

  • Capitation Payment means a payment the STATE makes periodically to the MCO for each Enrollee covered under the Contract for the provision of services as defined in Article 6 regardless of whether the Enrollee receives these services during the period covered by the payment.

  • Special Allowance Payments means payments, designated as such, consisting of effective interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act.

  • Termination Payments has the meaning specified in Section 10(a).

  • Production Payments and Reserve Sales means the grant or transfer by the Company or any of its Restricted Subsidiaries to any Person of a royalty, overriding royalty, net profits interest, Production Payment, partnership or other interest in Oil and Gas Properties, reserves or the right to receive all or a portion of the production or the proceeds from the sale of production attributable to such properties where the holder of such interest has recourse solely to such production or proceeds of production, subject to the obligation of the grantor or transferor to operate and maintain, or cause the subject interests to be operated and maintained, in a reasonably prudent manner or other customary standard or subject to the obligation of the grantor or transferor to indemnify for environmental, title or other matters customary in the Oil and Gas Business, including any such grants or transfers pursuant to incentive compensation programs on terms that are reasonably customary in the Oil and Gas Business for geologists, geophysicists or other providers of technical services to the Company or any of its Restricted Subsidiaries.

  • Construction project means the same as that term is defined in Section 38-1a-102.

  • Construction Cost means and includes the cost of the entire construction of the Project, including all supervision, materials, supplies, labor, tools, equipment, transportation and/or other facilities furnished, used or consumed, without deduction on account of penalties, liquidated damages or other amounts withheld from payment to the contractor or contractors, but such cost shall not include the Consulting Engineer/Architect's fee, or other payments to the Consulting Engineer/Architect and shall not include cost of land or Rights-of-Way and Easement acquisition.

  • Construction Plant means appliances, machinery with necessary supply to up keep and maintenance of the works or temporary works but dose not include materials or other things intended to form part of the permanent work.

  • Project Costs means the costs of the construction, acquisition or equipping of the Project, as further described in the Project Budget, and such other costs as may be approved in writing by the Department, provided such costs are permitted by the Act.

  • Contract Charges means charges that accrue during a given month as defined in Article III. “Contract Term” is defined in Article IV.

  • Construction Contracts means the contracts between Lessee and Contractors for the furnishing of labor, services or materials to the Leased Premises in connection with the construction of the Improvements.

  • Direct Construction Cost means the sum of the amounts that the Construction Manager actually and necessarily incurs for General Conditions Costs, Cost of the Work and Construction Manager’s Contingency during the Construction Phase as allowed by this Agreement. Direct Construction Cost does not include Pre-Construction Phase Fees or Construction Phase Fees.

  • Construction Work means any work in connection with⎯

  • Payments refers to anything of value, including cash, gifts, travel expenses, entertainment, offers of employment, provision of free services, and business meals. It may also include event sponsorships, consultant contracts, fellowship support, job offers, and charitable contributions made at the request of, or for the benefit of, an individual, his or her family, or other relations, even if made to a legitimate charity.

  • Advance Reimbursement Amounts As defined in Section 3.29 hereof.

  • Improvement Costs means any additional expenditure on a fixed asset that materially increases the capacity of the asset or materially improves its functioning or represents more than 10% of the initial depreciation base of the asset;