Substantial Completion Payment definition

Substantial Completion Payment means the Milestone Payment associated with the achievement of Substantial Completion, which shall be equal to [***].
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Substantial Completion Payment has the meaning established in Exhibit L.
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Substantial Completion Payment has the meaning in Paragraph 5.9 of this Contract.
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Examples of Substantial Completion Payment in a sentence

  • Seller shall include with such Change Notice the best information and documentation then reasonably available to Seller to support any change proposed by Seller to the Purchase Price (including the Substantial Completion Payment Amount) or the Guaranteed Substantial Completion Date based on such claim.

  • Any dispute regarding a Change Notice for Force Majeure or Buyer-Caused Delay submitted by Seller to Buyer (including any provisional Change Order under this Section 8.6(b)) prior to the Substantial Completion Payment Date must be resolved between Seller and Buyer prior to the Substantial Completion Payment Date.

  • The Substantial Completion Payment Date shall be extended day for day for each day that the Project Performance Test Results show that the Minimum Performance Test Requirements have not been achieved.

  • If Buyer adds new Work or reduces the scope of Work by a Buyer Discretionary Change initiated after the Closing and prior to the Substantial Completion Payment Date, any Purchase Price adjustment shall be effectuated through a payment by Buyer to Seller or a decrease of the Substantial Completion Payment Amount, as applicable, based on the best cost adjustment information reasonably available to Seller and Buyer at the time of such adjustment.

  • Contracting Authority shall pay the Substantial Completion Payment as directed by Project Co in accordance with this Section 4.4(a) and shall not accept any redirection without the consent of the Lenders’ Agent.

  • By executing a Change Order, Seller thereafter waives the right to assert any further claim for an extension to the Guaranteed Substantial Completion Date (or any dates that are a function of the Guaranteed Substantial Completion Date), or an increase to the Purchase Price (including by modification of the Substantial Completion Payment Amount), or any other compensation, relief, or right or remedy based on, arising out of, or relating to the subject matter of, or the claim addressed by, such Change Order.

  • Contracting Authority shall pay the Substantial Completion Payment as directed by Project Co in accordance with this Section 4.4(b) and shall not accept any redirection without the consent of the Lenders’ Agent.

  • The Authority shall pay the Substantial Completion Payment to Developer within thirty (30) days of receipt by the Authority of the invoice being submitted to the Authority in accordance with the requirements of this Section 14.1.2.4. 14.1.2.5 Within thirty (30) days of the Final Acceptance Date, the Authority shall pay the Final Acceptance Payment to Developer.

  • Such Substantial Completion Deduction Amount shall be deducted from the BE MP Obligation for the Substantial Completion Payment made to the Developer pursuant to the C-70 Project Agreement.

  • Project Co acknowledges that the Substantial Completion Payment is subject to Construction Period Deductions in accordance with Schedule 21 - Construction Period Failures to this Project Agreement.


More Definitions of Substantial Completion Payment

Substantial Completion Payment has the meaning given in Schedule 21 – Construction Period Payments.
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Substantial Completion Payment has the meaning set forth in Section 1.1 of Exhibit 8 (Payment Mechanism).
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Substantial Completion Payment means either the East Substantial Completion Payment or West Substantial Completion Payment, as applicable.
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Substantial Completion Payment means $82,290,859.00 and is reflected on and may be modified in accordance with the provisions of Attachment “A”;
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Related to Substantial Completion Payment

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

  • 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;

  • Substantial Completion means the stage in the progress of the work as determined and certified by the Contracting Officer in writing to the Contractor, on which the work (or a portion designated by the Government) is sufficiently complete and satisfactory. Substantial completion means that the property may be occupied or used for the purpose for which it is intended, and only minor items such as touch-up, adjustments, and minor replacements or installations remain to be completed or corrected which:

  • Substantial Completion Certificate means the certificate issued and approved by the Authority indicating the date upon which the Trade Contractor Work (or a designated portion thereof) is Substantially Complete.

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

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

  • 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 Completion Certificate has the meaning set forth in Section 11.6.

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

  • Construction Completion Date means the Completion Date of the Construction as specified in the Statutory Declaration of Completion for the Project;

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

  • Substantial compliance means a level of compliance with these rules where any deficiencies pose no greater risk to resident health or safety than the potential for causing minor harm.

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

  • Construction Completion Certificate means a certificate of the I-Bank to the effect that the construction of the Project is complete.

  • Completion Period means the period starting from the date of issue of "Order" and required to complete the work in all respect.

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

  • Completion Notice means a notice issued by the Developer in accordance with clause 6.1.

  • 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.

  • Target Completion Date has the meaning given such term in Section 3.3(b).

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

  • Subproject means a specific project to be carried out by an existing BE utilizing the proceeds of a Sub-loan or Investment, as hereinafter defined, fulfilling the conditions set forth in Part A of Schedule 4 to this Agreement;

  • Certificate of Substantial Completion means the certificate executed by the A/E, ODR and Contractor that documents to the best of A/E’s and ODR’s knowledge and understanding, Contractor’s sufficient completion of the work in accordance with the Contract, so as to be operational and fit for the use intended.

  • Construction Completion means physical construction of a cleanup action component is complete.

  • Substantial improvement means any combination of repairs, reconstruction, rehabilitation, addition, or other improvement of a structure, taking place during any one-year period for which the cost equals or exceeds 50 percent of the market value of the structure before the “start of construction” of the improvement. This term includes structures which have incurred “substantial damage”, regardless of the actual repair work performed. The term does not, however, include either:

  • Project Completion Schedule means the progressive Project Milestones set forth in Schedule-J for completion of the Project Highway on or before the Scheduled Completion Date;