Provisional payment of fee definition

Provisional payment of fee for an incentive means the Government is paying available fee for an incentive to the Contractor for making progress towards meeting the performance measures for the incentive before the Contractor has earned the available fee.
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Provisional payment of fee means the Government’s paying available fee to the Contractor for making progress towards meeting the performance measures for the incentive before the Contractor has earned the available fee. Annual interim evaluation periods will be established in the Award Fee Plan (Section J, Attachment J-11), for the determination of provisional fee payments. b. The Government’s determination that the Contractor has met the requirements for the payment of provisional fee is not a determination that the Contractor has or has not earned the associated available fee. Provisional payment of fee is a separate and distinct concept from earned fee. The Contractor could in some instances, for example, receive 100% of possible provisional fee payments yet not earn any fee (the Contractor would be required to return all of the provisional fee payments). The Contractor could in other instances, for example, receive 0% of possible provisional fee payments yet earn the entire amount of available fee (it would not receive any fee payments until the Government’s determination that the Contractor had earned the associated available fee for the incentive).Determinations of earned fee will be made at the end of the Task Order period of performance. All payments made by the Government to the Contractor related to fee prior to the end of the Task Order’s period of performance will be provisional payments of fee. If during the Contractor’s performance of the Task Order, the Government estimates the Contractor will not earn fee, provisional payments of fee will end and the Contractor must immediately return all provisional payments of fee. If during the Contractor’s performance of the Task Order, the Government estimates the Contractor will not earn fee equal to provisional payments of fee already made, provisional payments of fee will end and the Contractor must immediately return all provisional payments of fee that exceed the amount of fee the Government estimates the Contractor will earn. After the Government has made its determination of earned fee at the end of theTask Order’s period of performance, the Government will pay the Contractor (if the earned fee exceeds provisional payments of fee retained) or the Contractor will refund the Government (if the provisional payments of fee retained exceed the earned fee) the difference between earned fee and provisional payments of fee retained. c. Beginning at issuance of the Notice to Proceed, the Government will begin evaluating the Contra...
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Examples of Provisional payment of fee in a sentence

  • Provisional payment of fee is a separate and distinct concept from earned fee.

  • Provisional payment of fee will remain subject to withholding provisions, such as in FAR 52.216-8, Fixed Fee.

  • The clause paragraphs are restated below for emphasis: (g)(3)(vi) Provisional payment of fee for an incentive means the Government’s paying available fee for an incentive to the Contractor for making progress towards meeting the performance measures for the incentive before the Contractor has earned the available fee.(g)(3)(vii) Provisional payment of fee has no implications for the Government’s eventual determination that the Contractor has or has not earned the associated available fee.

  • Provisional payment of fee has no implications for the Government’s eventual determination that the contractor has or has not earned the associated available fee.

  • Provisional payment of fee has no implications for the Government’s eventual determination that the Contractor has or has not earned the associated available fee.

  • Provisional payment of fee for an incentive means the Government’s paying available fee to the Contractor for making progress towards meeting the performance measures for the incentive before the Contractor has earned the available fee.

Related to Provisional payment of fee

  • Additional Payment has the meaning given in clause 11.1 (Right to repay the Facility early).

  • Additional Payments means additional amounts required to be paid to a holder of any Note pursuant to Section 13 by reason of a Change in Tax Law; and a “Change in Tax Law” means (individually or collectively with one or more prior changes) (i) an amendment to, or change in, any law, treaty, rule or regulation of Canada after the date of the Closing, or an amendment to, or change in, an official interpretation or application of such law, treaty, rule or regulation after the date of the Closing, which amendment or change is in force and continuing and meets the opinion and certification requirements described below or (ii) in the case of any other jurisdiction that becomes a Taxing Jurisdiction after the date of the Closing, an amendment to, or change in, any law, treaty, rule or regulation of such jurisdiction, or an amendment to, or change in, an official interpretation or application of such law, treaty, rule or regulation, in any case after such jurisdiction shall have become a Taxing Jurisdiction, which amendment or change is in force and continuing and meets such opinion and certification requirements. No such amendment or change shall constitute a Change in Tax Law unless the same would in the opinion of the Company (which shall be evidenced by an Officer’s Certificate of the Company and supported by a written opinion of counsel having recognized expertise in the field of taxation in the Taxing Jurisdiction, both of which shall be delivered to all holders of the Notes prior to or concurrently with the Tax Prepayment Notice in respect of such Change in Tax Law) affect the deduction or require the withholding of any Tax imposed by such Taxing Jurisdiction on any payment payable on the Notes.

  • Final Payment Date means the "Final Payment Date" as specified in § 1 of the Product and Underlying Data.

  • Final payment rate means the aggregate sum of the two components (the blended base amount and capital costs) that, when added together, form the final dollar value used to calculate each provider’s reimbursement amount when multiplied by the DRG weight. These dollar values are displayed on the rate table listing.

  • Late Payment Surcharge shall have the meaning ascribed thereto in Article 10.3.3 of this Agreement;

  • Special Allowance Payments means payments, designated as such, consisting of effective interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act.

  • Prepayment Fee is, with respect to any Term Loan subject to prepayment prior to the Maturity Date, whether by mandatory or voluntary prepayment, acceleration or otherwise, an additional fee payable to the Lenders in amount equal to:

  • Annual Payment The total amount payable to the Settlement Fund Administrator by the Settling Distributors on the Payment Date each year, as calculated by the Settlement Fund Administrator pursuant to Section IV.B.1.e. For the avoidance of doubt, this term does not include the Additional Restitution Amount or amounts paid pursuant to Section X.

  • Late Payment Fee means the excess of the Price Differential paid as a result of its calculation at the Post-Default Rate over the Price Differential as would have been calculated at the Pricing Rate.

  • Final Payment Statement shall have the meaning set forth in Clause 19.13;

  • 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.

  • Application for Final Payment means Contractor’s final invoice for payment that includes any portion of the Work that has been completed for which an invoice has not been submitted, amounts owing to adjustments to the final Contract Sum resulting from approved change orders, and release of remaining Contractor’s retainage.

  • Legal Final Payment Date means the one-year anniversary of the Expected Final Payment Date.

  • Closing Fees means those fees required to be paid on the Closing Date pursuant to the Fee Letter.

  • Stage Payment Statement shall have the meaning set forth in Clause 19.4; “Structures” means an elevated road or a flyover, as the case may be;

  • Amortization Payment shall have the meaning set forth in Section 2(d).

  • Amortization Payment Date shall have the meaning set forth in Section 2(d).

  • L/C Fees has the meaning set forth in Section 3.4(c).

  • Scheduled Final Payment Date means, with respect to each Tranche of Securitization Bonds, the date when all interest and principal is scheduled to be paid with respect to that Tranche in accordance with the Expected Amortization Schedule, as specified in the Series Supplement. For the avoidance of doubt, the Scheduled Final Payment Date with respect to any Tranche shall be the last Scheduled Payment Date set forth in the Expected Amortization Schedule relating to such Tranche. The “last Scheduled Final Payment Date” means the Scheduled Final Payment Date of the latest maturing Tranche of Securitization Bonds.

  • Basic Rent Payment Date means Basic Rent Payment Date as defined in Paragraph 6.

  • Exit Fee shall have the meaning specified in the Fee Letter.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Installment Payments shall have the meaning set forth in Section 5(b)(ii).

  • Monthly Fees means, collectively, [INSERT FOR HFS: the Monthly Food and Beverage Fee,] the Monthly Program Fee and the Monthly Royalty Fee, each of which is set forth in the Addendum. [INSERT FOR HFS: “Monthly Food and Beverage Fee” means the fee we require from you in Subsection 8.2, which is set forth in the Addendum.]

  • Deferred Sales Charge Payment Dates means the dates specified for deferred sales fee installments under "Investment Summary--Fees and Expenses" in the Prospectus for the Trust.

  • Late Payment Charge means the charge that is applied when either Party fails to remit payment for any charges by the Bill Due Date, or if payment for any portion of the charges is received after the Bill Due Date, or if payment for any portion of the charges is received in funds which are not immediately available or received by either Party as of the Bill Due Date, or if either Party does not submit the Remittance Information.