Common use of Payment Example Clause in Contracts

Payment Example. At EDC, GLLC signs a Contract for Soyuz FG Launch Services, which allows for an Authority to Proceed at T1, 12 months before the required launch date. Case 1: [*] T0 = Authority to Proceed with the Feasibility/Compatibility Study and Procurement of Long Lead Items. (Pending approval/activation of required U.S. ITAR licenses.) T1 = Authority to Proceed with the Firm Launch Services or, with the Firm Launch Services and the Optional Launch Services. L0 = First day of the Launch Period, initially agreed upon at T0 L1 = First day of the Launch Period agreed upon at T1 L = The actual Launch Day.