Late Completion Payments definition

Late Completion Payments has the meaning ascribed thereto in sub- section 15.3.
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Late Completion Payments has the meaning ascribed thereto in ------------------------ subsection 15.3.
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Late Completion Payments as defined in Section 1.1 of the EPC Contract.
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Examples of Late Completion Payments in a sentence

  • Concessionaire’s Review of a recovery plan and Concessionaire’s Approval of a revised TTMS Work Schedule shall not affect any of Concessionaire’s rights or Contractor’s obligations under this Agreement, including Contractor’s obligations to pay Late Completion Payments.

  • Contractor’s liability to Concessionaire under this Agreement for Late Completion Payments and Additional Contractor Delay Payments shall not exceed an amount equal to forty percent (40%) of the Contract Sum.

  • Notwithstanding the payment by the Turnkey Contractor of the Late Completion Payments for two hundred forty (240) days, if Provisional Acceptance is delayed by more than two hundred forty (240) days beyond the Guaranteed Completion Date for the Land Acquisition and Construction Phase, the MEP Participants shall have the right to terminate this Agreement.

  • The Late Completion Payments and Additional Contractor Delay Payments are in lieu of Concessionaire’s right to terminate this Agreement solely as a result of any schedule delay, except to the extent such delay otherwise constitutes a Contractor Default under Section 15.2.1(v).

  • The Late Completion Payments are in lieu of Concessionaire’s right to terminate this Agreement solely as a result of any schedule delay, except to the extent such delay otherwise constitutes a Contractor Default under Section 15.2.1(v)(A).

  • Concessionaire’s Review of a recovery plan and Concessionaire’s Approval of a revised Project Schedule shall not affect any of Concessionaire’s rights or Contractor’s obligations under this Agreement, including Contractor’s obligations to pay Late Completion Payments.

  • The Late Completion Payments shall be the full measure of Contractor’s liability only for delay in achieving the Substantial Completion and/or Final Acceptance, and shall not limit Contractor’s liability for defects or deficiencies in the DB Work or for Contractor’s failure to perform its other obligations under the Contract Documents.

  • Late Completion Payments shall be paid by Contractor or withheld by Concessionaire, as applicable, in arrears at the payment intervals applicable to Scheduled Payments beginning after the Guaranteed Substantial Completion Date or the Guaranteed Final Acceptance Date, as applicable, with the last such payment to occur on the date on which Substantial Completion or Final Acceptance, as applicable, actually occurs.

  • Should the Board grant the requested permission to ap- peal, such action shall not, unless spe- cifically ordered by the Board, operate as a stay of any action by the regional director.[24 FR 9102, Nov.

  • Late Completion Payments and Additional Contractor Delay Payments shall be paid by Contractor or withheld by Concessionaire, as applicable, in arrears at the payment intervals applicable to Scheduled Payments beginning after the Xxxx Ex Guaranteed Final Completion Date with the last such payment to occur on the date on which Xxxx Ex Final Completion, as applicable, actually occurs.

Related to Late Completion 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;

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

  • Project Completion Date means the date on which the Completion Certificate is issued;

  • Final Completion Date means the date on which Final Completion occurs.

  • Construction Completion Date means the date by which the overall development of the Project is completed in accordance with the provisions of this Agreement and when the Construction Completion Certificate is issued by the Independent Engineer as per Article 14.1.

  • Final Completion means the date determined and certified by A/E and Owner on which the Work is fully and satisfactorily complete in accordance with the Contract.

  • 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;

  • Final Payment is a payment (in addition to and not a substitution for the regular monthly payments of principal plus accrued interest) due on the earliest to occur of (a) the Maturity Date, or (b) the acceleration of any Term Loan, or (c) the prepayment of a Term Loan pursuant to Section 2.2(c) or (d), equal to the original principal amount of such Term Loan multiplied by the Final Payment Percentage, payable to Lenders in accordance with their respective Pro Rata Shares.

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Completion Date means the date of completion of the Services by the Service Provider as certified by the Procuring Entity

  • Start-Up Costs means all fees, costs, and expenses incurred in connection with establishing the State Mitigation Trust and the Indian Tribe Mitigation Trust and setting them up for operation. Start-up costs shall not include the cost of premiums for insurance policies.

  • 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.

  • 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.

  • Substantial Completion Date means the date on which Substantial Completion occurs.

  • Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).

  • Guaranteed Substantial Completion Date or “Guaranteed Substantial Completion Dates” has the meaning set forth in Section 5.3B.

  • Outside Completion Date shall have the meaning assigned to such term in Section 6.3(d).

  • Project Completion means completion of the Redevelopment in accordance with this Agreement to the state where the whole of the Morley Shopping Centre, as so redeveloped, is capable of occupation for its intended purpose;

  • Virtual Completion means the premise is in the opinion of the Employer fit for occupation.

  • Improvement completion assurance means a surety bond, letter of credit,

  • Subproject means a development activity proposed by a Beneficiary under Part A.2 (d) of the Project and financed or to be financed through a Subproject Grant (as hereinafter defined) made out of the proceeds of the Development Credit;

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.

  • Late Payment means any amount that is due and payable by law under a written procurement contract, without deferral, delay, or set-off under COMAR 21.02.07.03, and remains unpaid more than 45 days after an agency receives a Proper Invoice.

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

  • Advance Reimbursement Amounts As defined in Section 3.29 hereof.

  • Alternative Compliance Payment or "ACP" means a payment of a certain dollar amount per megawatt hour, which a Retail Electricity Supplier may submit in lieu of supplying the minimum percentage of RECs required under Section 3.3.5 of this Regulation.