Project Payment definition

Project Payment is the money returned to an Investor. This typically (see Clause 5.4, Clause 5.6, and Clause 9.5) comprises the Investor’s Contribution plus their agreed upon share of the Income generated, via the sale of farm produce, that are in excess of the Principal of a Project.
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Project Payment means a payment made or to be made by the Province in respect of a Project in accordance with this Agreement;
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Project Payment means the payments described under section 4.1 for the Natural Gas Pipeline Project, but does not include any additional payments under section 4.3; and
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Examples of Project Payment in a sentence

  • The provisions of Clauses 5 – Boddington Project Payment, 8 – Superannuation, 21 – Annual Leave, 22 – Absence through sickness, 23 – Public Holidays, and 24 – Compassionate Leave do not accrue during Parental Leave.

  • A dispute is a disagreement on terms or conditions of the Project where the Contractor’s opinion of the Project, Payment, Change Order or Request for Proposal differs from that of the District or Architect.

  • A dispute is a disagreement on terms or conditions of the Project where the Contractor's opinion of the Project, Payment, Change Order or Request for Proposal differs from that of the Owner or Architect.

  • This ensures that, in the event of unexpectedly low Income, the Investor(s) will receive back their Contributions, but not their Expected Returns, as a Project Payment.

  • To do this work they will audit a sample of Project Payment Claims each year and may visit projects to carry out their own on-site checks.

  • Another important consideration for pond networks is hydraulic performance.

  • The Project Payment is paid in the Contract Currency, but the Company cannot guarantee and is not responsible for bank or other transaction fees assessed when delivering the Project Payment to the Investor.

  • The Company calculates and pays Kenyan Withholding Tax on that portion of the Project Payment that is in excess of the Principal (i.e. the ‘Expected Returns’), should there be any such excess.

  • Project Payment Structure The ETI will invest in the Project as described above.

  • Without limiting Holdco Buyer’s obligations to pay any given Earnout Payment, Holdco Buyer shall deposit in a segregated account the sale proceeds it receives from the sale of the applicable Earnout Project to Operating Buyer or any other third Person, and with respect to such account, repayment of debt associated with such Project shall be the only distributions which may be made in priority to the payment of the Earnout Project Payment.


More Definitions of Project Payment

Project Payment means the amount payable by the Developer as consideration for the Project to UTDB in accordance with Article 21.
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Project Payment mean the 75% Working Interest participants paying 100% of the actual drilling and completion costs;
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Project Payment means the then current annual payment due from the Developer to the County and the CRA. All subsequent Project Payments shall be due on the anniversary of the first payment.
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Project Payment. A “project” for the purpose of receiving the project payment will be defined as a major task that has been recognised: - On the capital works program, and - Has been allocated its own job number, and - Is anticipated to take a minimum of two weeks to complete, and - Is situated at one location, and - Requires additional hours (TOIL) to be worked. Staff working on projects meeting this criteria and certified by the Manager City Operations will receive a payment of $31.40 per week for each week that they work on the project. • Added Responsibility Payment. Staff undertaking duties which require an added responsibility will be paid an Added Responsibility Payment of $11 per week whilst undertaking those duties requiring additional responsibility (eg Leading Worker at Thorndon Park, Golf Course, Biodiversity Team). The Project Payment and Added Responsibility Payment will be adjusted annually (first pay period in January) in accordance with the Consumer Price Index (All Groups Adelaide) increase for the 12 month period ending 30 September of each year. These payments do not apply for staff members when they are undertaking higher duty responsibilities. • Trade Payment Staff who are undertaking duties which require the use of two or more trades to complete a task for more than 1 hour each trade in any one day will be temporarily reclassified for the whole day to a Grade 6 Municipal Employee.
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Related to Project Payment

  • Direct Payment means a payment granted directly to farmers under a support scheme listed in Annex I;

  • 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;

  • Project Completion means the date, as determined by the Division after consultation with the Recipient, that operation of the Project is initiated or is capable of being initiated, whichever comes first.

  • 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.

  • Project Engineer means the surveyor or engineer employed by or private

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

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

  • Payment Ahead means, with respect to a Precomputed Receivable and a Collection Period, any Excess Payment (not representing, when added to any Deferred Prepayment with respect to such Precomputed Receivable, a prepayment in full of such Precomputed Receivable) which the Servicer, in accordance with its customary servicing practices, will apply towards the payment of Scheduled Payments due in one or more future Collection Periods.

  • Project Costs means all allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contribu- tions made by third parties in accom- plishing the objectives of the award during the project period.

  • Project Water means water made available for delivery to the contractors by project conservation facilities and the transportation facilities included in the System.

  • Project Work means the work required to complete the Project.

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a

  • 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 Facilities means all the amenities and facilities situated on the Site, as described in Schedule-C;

  • Project means the goods or Services described in the Signature Document or a Work Order of this Contract.

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

  • Project Financing means: (a) one or more loans, leases, equity and/or debt financings, together with all modifications, renewals, supplements, substitutions and replacements thereof, the proceeds of which are used to finance or refinance the costs of the Customer Facility, any alteration, expansion or improvement to the Customer Facility, the purchase and sale of the Customer Facility or the operation of the Customer Facility; (b) a power purchase agreement pursuant to which Interconnection Customer’s obligations are secured by a mortgage or other lien on the Customer Facility; or (c) loans and/or debt issues secured by the Customer Facility.

  • Infrastructure project means any activity related to the construction, alteration, maintenance, or repair of infrastructure in the United States regardless of whether infrastructure is the primary purpose of the project. See also paragraphs (c) and (d) of 2 CFR 184.4.

  • Delta Payment means as it is described in this Agreement.

  • Project Facility means facility being one or more of the following facilities as specified in the Special Conditions of Contract, being developed in accordance with the Project and the Detailed Project Implementation Report and includes all its buildings, equipment, facilities, software and systems and includes without limitation, where the circumstances so require, any expansion thereof from time to time and may include any new location to be separately mentioned in the Special Conditions of Contract.

  • Payment Amount has the meaning specified in Section 6.1.

  • Infrastructure costs means such costs as are reasonably incurred for the acquisition and construction of infrastructure.

  • Cost of Capital Improvement Projects means the costs of acquiring, constructing, reconstructing, expanding, improving and engineering Capital Improvement Projects, and related financing costs.

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

  • Net Payment With respect to any Distribution Date on or prior to the Swap Contract Termination Date, an amount equal to the sum of (i) any Current Interest and Interest Carry Forward Amounts in respect of the Benefited Certificates, (ii) any Net Rate Carryover in respect of the Benefited Certificates, (iii) any Unpaid Realized Loss Amounts in respect of the Benefited Certificates and (iv) any Overcollateralization Deficiency Amount, in each case remaining unpaid (or in the case of Overcollateralization Deficiency Amount, remaining) following the distribution to the Benefited Certificates of Excess Cashflow and Credit Comeback Excess Cashflow pursuant to Section 4.04(c) of the Pooling and Servicing Agreement. With respect to any Distribution Date after the Swap Contract Termination Date, zero.

  • Capacity Payment means a payment to a capacity provider under these Regulations for its commitment to meet a capacity obligation during a delivery year;