Examples of Interim Payment Schedule in a sentence
In the event that CHK terminates the Agreement under this clause, CHK will be compensated for the works performed and completed, as follows: - Compensation for the works actually performed based on the Interim Payment Schedule; - Costs for relocation of construction materials; - Compensation for termination of the contracts with CHK’s contractors; - Costs for security and clearance of the project.
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In respect of any instruction pursuant to Clauses 54.2, 54.3 or 65.2, the amount due to the Contractor shall be the amount accepted by the Contract Administrator pursuant to those clauses and the Contract Administrator shall make, pursuant to Clause 66, revisions (if any and if appropriate) to the Pricing Schedule and/or the Schedule of Milestones and/or the Interim Payment Schedule and shall notify the Contractor accordingly.
When making any revision to the Interim Payment Schedule in accordance with the Contract, the Contract Administrator may reduce or extend the period over which interim payments may be made.
The Interim Payment Schedule sets out the maximum accumulative percentage of each Cost Centre Value in relation to each month for which the Contractor may apply for payment, subject to the achievement of Milestones and to application for payment in accordance with Clause 67.
The Alliance Board shall establish an Interim Payment Schedule for the Core Members to fund the Alliance and the education programs.
These two Cost Centre Values shall be certified in accordance with the Interim Payment Schedule and Milestone Schedule …… Annexes A and B to this Supplemental Agreement No.2, …… to Clause 66 of the General Conditions.