First Advance Payment definition

First Advance Payment means the sum calculated by multiplying the total BID Levy due from each BID Levy Payer in accordance with the BID Levy Rules, on 1st April for the Financial Year, by 78.4%;
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First Advance Payment means the amount collected from BID Levy payers.“FOIA Scheme” means the Council’s current published scheme under Section 19 Freedom of Information ▇▇▇ ▇▇▇▇;
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Examples of First Advance Payment in a sentence

  • In the following Financial Years the Council shall pay the BID Company the First Advance Payment no later than the 1st May in each of those Financial Years.

  • The level of advance payments to be provided to Project Promoters shall be linked to the project implementation duration according to the overview below: Project Implementation Duration First Advance Payment Interim Payment Final Payment (reimbursement) <12 Months 80% - 20% >12 Months 40% 40% 20% The first advance payment shall be paid in 30 days following the signature of the Project Contract.

  • Receipt by BUYER of the Bank Guarantee for the First Advance Payment, secured by SELLER in accordance with the terms of Article 5 (TERMS OF PAYMENT).

  • The maximum level of advance payment to Project Promoters shall be linked to the project duration as follows: Project Implementation Duration First Advance Payment Interim Payments Final Payment (private entities) An advance payment of a percentage of the total grant amount shall be paid within 30 calendar days upon submission of a request after signature of the project contract.

  • The Lessee instructs the Trustee that against presentation of a duly made First Form 4, the First Advance Payment shall be released to the Lessor against an invoice.

  • In the following Financial Years the Council shall pay the BID Company the First Advance Payment on 1st April in each of those Financial Years.

  • In the following Financial Years the Council shall pay the BID Company the First Advance Payment [30 working days following the 1st Oct] in each of those Financial Years.

  • If there is any First Advance Payment Excess at the time the parties enter into the EPC Agreement, such First Advance Payment Excess shall be credited towards the Lump Sum Price.

  • In the following Financial Years the Council shall pay the BID Company the First Advance Payment on [1st April] in each of those Financial Years.

  • As an incentive for Ormat to incur the expenses associated with the due diligence and other aspects of the loan transaction, US Geothermal shall pay Ormat $300,000 simultaneously with the execution of this Letter (the "First Advance Payment") and $200,000 (the "Second Advance Payment") simultaneously with the execution of the Loan Documents.