Contract Payment Date definition

Contract Payment Date means, with respect to any Contract, each date on which a Contract Payment is or becomes due and payable thereunder.
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Contract Payment Date means the dates when the Price of the Contract will be paid, broken down as follows: 1st Payment.- 60% of the Price of the Contract of the part at lump-sum price, plus the amount really executed of the part that corresponds to unit prices on the Scheduled Provisional Acceptance Date of the first Unit, as long as Contractor has obtained Provisional Acceptance of the Unit in question on or before the Scheduled Provisional Acceptance Date of the first Unit. Exclusively for purposes of the 1st Payment, two months in advance Contractor must notify Commission in writing whether the Provisional Acceptance will be on or before the Scheduled Provisional Acceptance Date of the first Unit, for Commission begin the necessary negotiations and be able to make the corresponding payment. If Contractor does not obtain Provisional Acceptance of the first Unit on or before the Scheduled Provisional Acceptance Date of such Unit, but obtains it within the first 30 days after such date, within the first 30 days after the Provisional Acceptance Date of the first Unit Commission will make the payment, having been previously notified such Acceptance in writing 30 days before the Provisional Acceptance Date of the first Unit. If Contractor again fails to obtain Provisional Acceptance within aforementioned 30-day period, within the first three Months after it obtains Provisional Acceptance of the Unit, Commission will make the payment, having been previously notified in writing of such Acceptance two months in advance. And in case Contractor obtains Provisional Acceptance in advance before such two-month period, Commission will make the payment within the first three months after such Provisional Acceptance Date. 2nd Payment. 40% of the Contract Price of the part that corresponds to the lump-sum price and the part of unit prices which has been executed and not settled per the Project Completion Date. "SCHEDULED PROVISIONAL ACCEPTANCE DATE" in connection with any Unit, means the Critical Event Date according to which Contractor must have obtained Provisional Acceptance of such Unit.
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Contract Payment Date means the earliest of:
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Examples of Contract Payment Date in a sentence

  • Seller may prepay any Contract Payment by making a cash payment to Buyer, by wire transfer of immediately available funds to an account designated by Buyer, in an amount equal to the net present value as of the date of such prepayment (calculated by the Calculation Agent using a discount rate equal to the Treasury Rate for the period beginning on the date of such prepayment and ending on the Contract Payment Date on which such Contract Payment is due) of such Contract Payment.

  • The Credit Cardholder shall repay the amount due (the “Contract Payment Amount” in the Terms and Conditions) on the Contract Payment Date by account transfer from the depositary account with the Bank (the “Payment Account”) which has been pre-notified by the Credit Cardholder.

  • The obligations of Guarantor under this Article 9 shall terminate on the earlier of (i) the Final Contract Payment Date and (ii) the date on which a Subsequent Guarantor executes and delivers an Eligible Guarantee for the benefit of Buyer.

  • On each Contract Payment Date, CGL shall repay to the Vendor an amount equal to 80% of the sum payable to CGL under the EDPSA, and CGL shall pay interest on such loan calculated at the annual rate of 3.75% plus LIBOR.

  • The Credit Cardholder shall make the revolving payments stipulated in each of the following Items on the Contract Payment Date of every month, if the Card Member specifies “revolving payments”.

  • Depending on the Accredited Merchants, however, different cut-off date may be set for their sales and the payment may be required to be made on the Contract Payment Date after the aforesaid one.

  • Any Prepayment (which shall mean the repayment, in advance, of the whole or a part of the obligations under the Terms and Conditions prior to the Contract Payment Date prescribed in the Terms and Conditions) of the amount for Shopping Use shall be made by the Credit Cardholder upon prior notice to and approval by the Bank.

  • The obligations of Guarantor under this Article 9 shall terminate on the earlier of (i) the Final Contract Payment Date and 34 38 (ii) the date on which a Subsequent Guarantor executes and delivers an Eligible Guarantee for the benefit of Buyer.

  • However, the amount for the Shopping Use to be paid in two installments or in a lump sum payment at the time of bonus the Contract Payment Date for which has not arrived shall be included in the relevant usage balance of the Credit Card.


More Definitions of Contract Payment Date

Contract Payment Date. For each Contract, the date on which it matures, except that if the Contract matures on a day which is not a Banking Day, the date shall be the next succeeding day which is a Banking Day.
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Contract Payment Date means the date upon which a payment is due to CGL under the EDPSA;
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Contract Payment Date. For each Contract, the date on which it matures, except that if the Contract matures on a day which is not a Business Day, the date shall be the next succeeding day which is a Business Day; provided, however, that (i) if a Contract would otherwise expire on a day which is not a Business but is a day of the month after which no further Business Day occurs in such month, the Contract Payment Date shall expire on the next preceding Business Day, and (ii) if a Contract Period begins on a day for which there is no numerically corresponding day in the calendar month in which the last day of such Contract Period falls, such Contract Period shall end on the last Business Day of such calendar month.
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Contract Payment Date means any date on which Contract Payments are scheduled to be paid by the City under and pursuant to any Contract.
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Related to Contract Payment Date

  • Contract Payments has the meaning specified in the Stock Purchase Contract Agreement.

  • Termination Payment Date means the earlier of the first Distribution Date following the liquidation or sale of the Receivables as a result of an Insolvency Event and the occurrence of the Scheduled Series 1995-1 Termination Date.

  • Note Payment Date means any date on which principal of or interest on any Note is payable.

  • Installment Payment Date means the date on which an installment payment of an assessment is payable.

  • First Payment Date shall have the meaning set forth in Section 5(b)(ii).

  • Next Payment Date means each date on which the next scheduled payment under any Transaction is due to be paid.

  • Coupon Payment Date means each day specified to be an Coupon Payment Date in the Product Terms.

  • Initial Payment Date has the meaning specified in Section 3 of this Supplement.

  • Swap Payment Date For so long as the Swap Agreement is in effect or any amounts remain unpaid thereunder, the Business Day immediately preceding each Distribution Date.

  • relevant payment means either a student loan or an amount intended for the maintenance of dependants referred to in paragraph 76(7) or both.

  • Agreement Payment means a Payment paid or payable pursuant to this Agreement.

  • Tax Payment Date means, with respect to any applicable Taxes, the date occurring 30 days prior to the date the same are due and payable.

  • Rent Payment Date means each date on which an installment of rent is due and payable pursuant to Section 5(a) hereof.

  • Last Payment Date means the date for the last payment shown in the Registered Mortgage.

  • Final Payment Date means the "Final Payment Date" as specified in § 1 of the Product and Underlying Data.

  • Redemption Payment Date As defined in Section 13.1.

  • Distribution Payment Date has the meaning set forth in paragraph 2(b) of Annex I.

  • Monthly Payment Date means the Payment Date (as defined in the Mortgage Loan Documents).

  • Quarterly Payment Date means the last Business Day of each March, June, September and December.

  • Contract Purchase Price means the amount actually paid or allocated in respect of the purchase, development, construction or improvement of a Property or the amount of funds advanced with respect to a Mortgage, or the amount actually paid or allocated in respect of the purchase of other Assets, in each case exclusive of Acquisition Fees and Acquisition Expenses, but in each case including any indebtedness assumed or incurred in respect of such Property.

  • Section 409A Payment Date means the earlier of (a) the date of Executive’s death or (b) the date that is six months after the date of termination of Executive’s employment with the Company.

  • Termination Value means, in respect of any one or more Hedging Agreements, after taking into account the effect of any legally enforceable netting agreement relating to such Hedging Agreements, (a) for any date on or after the date such Hedging Agreements have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the xxxx-to-market value(s) for such Hedging Agreements, as determined based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Hedging Agreements (which may include a Lender or any Affiliate of a Lender).

  • Change of Control Payment Date has the meaning provided in Section 4.15.

  • Basic Rent Payment Date means the Delivery Date, and the numerically corresponding day in each calendar month thereafter during the Term, and if such day is not a Business Day, then the immediately preceding calendar day which is a Business Day.

  • Loan Payment Date means any date on which any Bond Service Charges are due and payable.

  • Eligible Contract Participant means an “eligible contract participant” as defined in the CEA and regulations thereunder.