Milestone Construction Payments Sample Clauses

Milestone Construction Payments. (i) Subject to this Clause 9.3(e), for each Facility, the Construction Payments will be paid by NMCG to the Concessionaire in the following 4 equal instalments (Payment Milestones) (after adjusting the Mobilization Advance and the interest payable on the Mobilization Advance):
Sample 1
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Milestone Construction Payments. Subject to this Article 9.3(e), for Tolly‟s Nallah Facilities, the Construction Payments will be paid by NMCG to the Concessionaire in the following 8 equal installments (“Payment Milestones”) (after adjusting the Mobilization Advance (and the interest payable if any as per Article 9.3(d)(v) on the Mobilization Advance): 1st installment of 5% of the relevant Tolly‟s Nallah Bid Project Cost, as adjusted for the Price Index Multiple applicable on the date of the relevant Invoice, upon the expiry of 3 months from the Effective Date or issuance of the first Milestone Completion Certificate for Tolly‟s Nallah first Payment Milestone, whichever is earlier 2nd installment of 5% of the relevant Tolly‟s Nallah Bid Project Cost, as adjusted for the Price Index Multiple applicable on the date of the relevant Invoice, upon the expiry of 6 months from the Effective Date or issuance of the 2nd Milestone Completion Certificate for Tolly‟s Nallah‟s 2nd Payment Milestone, whichever is earlier; 3rd installment of 5% of the relevant Tolly‟s Nallah Bid Project Cost, as adjusted for the Price Index Multiple applicable on the date of the relevant Invoice, upon the expiry of 9 months from the Effective Date or issuance of the 3rd Milestone Completion Certificate for Tolly‟s Nallah‟s 3rd Payment Milestone, whichever is earlier; 4th installment of 5% of the relevant Tolly‟s Nallah Bid Project Cost, as adjusted for the Price Index Multiple applicable on the date of the relevant Invoice, upon the expiry of 12 months from the Effective Date or issuance of the 4th Milestone Completion Certificate for Tolly‟s Nallah‟s 4th Payment Milestone, whichever is earlier; 5th installment of 5% of the relevant Tolly‟s Nallah Bid Project Cost, as adjusted for the Price Index Multiple applicable on the date of the relevant Invoice, upon the expiry of 15 months from the Effective Date or issuance of the 5th Milestone Completion Certificate for Tolly‟s Nallah‟s 5th Payment Milestone, whichever is earlier; 6th installment of 5% of the relevant Tolly‟s Nallah Bid Project Cost, as adjusted for the Price Index Multiple applicable on the date of the relevant Invoice, upon the expiry of 17 months from the Effective Date or issuance of the 6th Milestone Completion Certificate for Tolly‟s Nallah‟s 6th Payment Milestone, whichever is earlier; 7th installment of 5% of the relevant Tolly‟s Nallah Bid Project Cost, as adjusted for the Price Index Multiple applicable on the date of the relevant Invoice, upon the ...
Sample 1

Related to Milestone Construction Payments

  • PRE-CONSTRUCTION PHASE FEE The Pre-Construction Phase Fee is the total compensation payable to Contractor for the performance of Pre-Construction Phase Services, except for Additional Pre-Construction Phase Services approved in advance and in writing by Owner. The Pre-Construction Phase Fee shall be a lump sum amount based on the AACC established in this Agreement.

  • PRE-CONSTRUCTION PHASE SERVICES The Pre-Construction Phase shall be deemed to commence upon the date specified in a written Notice to Proceed with Pre-Construction Phase Services issued by Owner and shall continue through completion of the Construction Documents and procurement of all major Subcontractor agreements. Contractor is not entitled to reimbursement for any costs incurred for Pre-Construction Phase Services performed before issuance of the written Notice to Proceed. Pre-Construction Phase Services may overlap Construction Phase Services. Contractor shall perform the following Pre-Construction Phase Services:

  • Pre-Construction Phase Employer’s Liability, Workers’ Compensation, Comprehensive General Liability and Comprehensive Automobile Liability in the amounts as set forth in the UGSC.

  • Coordination of Design and Construction Contract Documents 5.5.1 Review model(s), Drawings, Specifications and other Construction Documents as they are developed by A/E during the Schematic Design, Design Development, and Construction Documents design phases of the Project.

  • ADDITIONAL CONSTRUCTIONS The Promoter undertakes that it has no right to make additions or to put up additional structure(s) anywhere in the Project after the building plan has been approved by the competent authority(ies) except for as provided in the Act.

  • Contract Construction 6.27.1 The parties acknowledge that each party and its counsel have reviewed this CONTRACT and that the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this CONTRACT or any amendment or exhibits hereto.

  • Progress Payments; Retainage A. Owner shall make progress payments on account of the Contract Price on the basis of Contractor’s Applications for Payment on or about the first day of each month during performance of the Work as provided in Paragraph 6.02.A.1 below, provided that such Applications for Payment have been submitted in a timely manner and otherwise meet the requirements of the Contract. All such payments will be measured by the Schedule of Values established as provided in the General Conditions (and in the case of Unit Price Work based on the number of units completed) or, in the event there is no Schedule of Values, as provided elsewhere in the Contract.

  • Commencement and Completion of Construction The Company shall begin Construction Activities no later than January 1, 2014 (“Commencement Date”) and secure a final Certificate of Compliance by June 30, 2015 (hereinafter, “Completion Date”).

  • Design and Construction In complying with the requirements of the specification both with respect to arrangement and detail, design is to conform to the best current engineering practice. Each of the several parts of the material is to be of the maker’s standard design provided that this design is in general accordance with the specification. The essence of design should be simplicity and reliability in order to give long continuous service with high economy and low maintenance cost. Particular attention should be paid to internal and external access in order to facilitate inspection, cleaning and maintenance. The design dimensions and materials of all parts are to be such that they will not suffer damage as a result of stresses under the most severe conditions. Fully detailed specifications of the several parts of the material are to be submitted describing particularly the materials to be used. The materials used in the construction of the material are to be of the highest quality and selected particularly to meet the duties required of them. Mechanisms are to be constructed to avoid sticking due to rust or corrosion. Workmanship and general finish are to be of the highest class throughout. All similar parts of the material are to be interchangeable. All equipment is to operate without undue vibration and with the least possible amount of noise and is not to cause a nuisance. All equipment is to be designed to minimize the risk of fire and any damage, which may be caused in the event of fire. The equipment is also to be designed to prevent ingress of all vermin, accidental contact with live parts and to minimize the ingress of dust and dirt. The use of materials, which may be liable to attack by termites or other insects, is to be avoided.

  • Routine Maintenance, Construction, and Repair The NYISO or Connecting Transmission Owner may interrupt interconnection service or curtail the output of the Small Generating Facility and temporarily disconnect the Small Generating Facility from the New York State Transmission System or Distribution System when necessary for routine maintenance, construction, and repairs on the New York State Transmission System or Distribution System. The NYISO or the Connecting Transmission Owner shall provide the Interconnection Customer with five Business Days notice prior to such interruption. The NYISO and Connecting Transmission Owner shall use Reasonable Efforts to coordinate such reduction or temporary disconnection with the Interconnection Customer.

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