Construction Period Payment definition

Construction Period Payment means an amount equal to
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Construction Period Payment has the meaning set out in Section 1 [Construction Period Payment Amounts] of Appendix 8B [Construction Period Payments];
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Construction Period Payment has the meaning set out in Section 2 of this Appendix;
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Examples of Construction Period Payment in a sentence

  • The suspended rights of the Defaulting CPP Owner pursuant to the first sentence of this Section 14.2.2 will immediately and automatically be reinstated on the first to occur of (a) the Defaulting CPP Owner’s cure of all Construction Period Payment Defaults within the applicable CPP Default Cure Period in accordance with Section 14.2.4, or (b) the Substantial Completion Date of the Project, if the Defaulting CPP Owner remains an Owner as of such date.

  • The Parties may also by mutual agreement determine to bring in a Third Party as an additional Owner to fund the shortfall created by the Construction Period Payment Default.

  • The City reserves the right to dispute any amounts set out in a Construction Period Invoice at any time during the Term, whether or not it has previously made a Construction Period Payment in respect of such amounts.

  • The City will complete Category C of the Construction Period Payment Calculation applying such set-offs or other adjustments.

  • A Defaulting CPP Owner may cure a Construction Period Payment Default (a “Curable Construction Period Payment Default”) only by satisfying, within the period specified in Section 14.2.4.1, the requirements of Sections 14.2.4.2, 14.2.4.3, 14.2.4.4, 14.2.4.5, and 14.2.4.

  • The Defaulting CPP Owner must pay to the Main Escrow Account, for the benefit of the Advancing Owner, a late fee equal to five percent (5%) of the amount of the Curable Construction Period Payment Default (the “CPP Default Late Fee”).

  • Unless extended in writing by the Non-Defaulting Owner, the Defaulting CPP Owner will have a period of forty-five (45) days after the occurrence of a Curable Construction Period Payment Default (the “CPP Default Cure Period”) within which to take all actions required to cure the Curable Construction Period Payment Default.

  • If a Defaulting CPP Owner cures its Curable Construction Period Payment Default in accordance with Sections 14.2.4.1 through 14.2.4.6, the rights suspended pursuant to Section 14.2.2 will be restored as provided in Section 14.2.2.

  • Additionally, the City will assess any set-offs or other adjustments necessary to be applied to each Construction Period Payment Calculation.

  • A Coast Guard-issued license authorizes its holder to serve in the capacity of vessel’s officer, allowing him or her to assume positions of responsibility in the command and control of merchant marine vessels.


More Definitions of Construction Period Payment

Construction Period Payment means a payment made by The City to the Contractor for Workperformed by the Contractor during a Construction Period.
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Construction Period Payment means a payment, which shall be no more frequent than once a month, calculated in accordance with this Schedule 20.
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Construction Period Payment means a payment, which shall be no more frequent than once a month, calculated in accordance with this Schedule 21 and shall include the Financial Close CPP.
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Construction Period Payment means the sum calculated in accordance with Section 1.1 of Appendix 8B [Construction Period Payments];
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Related to Construction Period Payment

  • Construction Period means the period commencing from the Appointed Date and ending on the date of the Completion Certificate;

  • 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;

  • The Completion Date means the date of completion of the Works as certified by the Employer’s Representative.

  • Claim Determination Period means a calendar year. However, it does not include any part of a year during which a person has no coverage under This Plan, or any part of a year before the date this COB provision or a similar provision takes effect.

  • Determination Period means the period from and including a Determination Date in any year to but excluding the next Determination Date; and

  • Scheduled Construction Period means the period commencing from the Appointed Date and ending on Scheduled Completion Date;

  • Target Completion Date has the meaning given such term in Section 3.3(b).