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. 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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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.

  • 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.

  • The Paying Agent shall pay or distribute, as applicable, each Earnout Project Payment to the Sellers promptly after it receives the same in accordance with the Allocation Schedule.

  • 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.

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

  • Milestone Charges consist of Transition Charges and Request for Solution Project Payment Based Milestones.

  • Approve North Alexander Trail Project Payment #7, Change Order #5 And Final Close Out Documents: 4H.

  • Action 190721 Nov 21 BCP Admin and Project Payment Management Process PJ and CB will map the process once it is fully understood.


More Definitions of Project Payment

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 amount payable by the Developer as consideration for the Project to UTDB in accordance with Article 21.
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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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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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Related to Project Payment

  • 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.

  • Project Costs means the costs of the construction, acquisition or equipping of the Project, as further described in the Project Budget, and such other costs as may be approved in writing by the Department, provided such costs are permitted by the Act.

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

  • 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.