Base Progress Payments definition

Base Progress Payments has the meaning given to it in the Construction Contract.
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Base Progress Payments means all progress payments to be made under GC 5.4 – PROGRESS PAYMENTS for the period from the commencement of the Work to, in the case of the Interim Work, the Interim Completion Date and with respect to the balance of the Work, the Substantial Performance Date in respect of .1 the Interim Work to be performed on or before the last day of the agreed monthly payment period ending immediately prior to the Interim Reimbursement Payment Date; and
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Examples of Base Progress Payments in a sentence

  • The Owner and the Consultant are not responsible for any delay in issuing a certificate for payment in respect of or for payment of Base Progress Payments on account of the activities of the Lender’s Consultant and/or the Lender.

  • Project Co and the Consultant shall not be responsible for any delay in issuing a certificate for payment in respect of or for payment of Base Progress Payments on account of the activities of the Lender’s Consultant and/or the Lender.

  • The Lender’s Consultant will be responsible for issuing certificates for payment to the Lender and Project Co respecting Base Progress Payments.

  • Base Progress Payments means all progress payments to be made under GC 5.4 – PROGRESS PAYMENTS for the period from the commencement of the Work to, in the case of the Interim Work, the Interim Completion Date and with respect to the balance of the Work, the Substantial Performance Date in respect to the Guaranteed Price but not including any progress payment in respect to the Additional Owner Payments.

  • The Lender’s Consultant will be responsible for issuing certificates for payment to the Lender respecting Base Progress Payments.

  • Financing means the financing with the Lender that is consistent in all material respects with the Financial Model to finance the Base Progress Payments until, as applicable, the Interim Reimbursement Payment Date and the Final Reimbursement Payment Date.

  • The Lender’s Consultant will be responsible, no later than 5 Business Days from receipt of the certificate of the progress of the Construction Work in relation to the schedule of values from the Consultant, for issuing certificates for payment to Lender and Contractor respecting Base Progress Payments, based on the Lender’s Consultant’s independent assessment of the schedule of values, a copy of which shall be provided to Owner and Consultant.

  • Agent shall withhold the required Legislative Holdback amount to the intent that at any point in time up to and including the Substantial Performance Date there is under the Financing an unadvanced holdback amount representing the required Legislative Holdback amount in respect to the Base Progress Payments certified for payment under the Construction Contract and whether or not any such Base Progress Payment has in fact been paid to such point in time.

  • Project Co agrees that it shall, in respect of all Base Progress Payments, comply with Part IV of the Construction Lien Act (Ontario).

  • The Lender’s Consultant will be responsible, no later than 5 Business Days from receipt of the certificate of the progress of the Construction Work in relation to the schedule of values from the Consultant, for issuing certificates for payment to Agent and Contractor respecting Base Progress Payments.

Related to Base Progress Payments

  • Progress Payments County shall make periodic progress payments consist with the Contract Price on the basis of Contractor's Applications for Payments, as provided in paragraph 5.2.1 below. (Payment pursuant to this Contract shall be made as earned, in whole or in part, from available County funds in an amount not to exceed the contract amount.) 5.2.1 Prior to Contract Completion, unless terminated prior to Completion, progress payments shall occur in an amount equal to:

  • Progress Payment means a payment by a public agency to a contractor for work in place under the terms of a construction contract.

  • Bonus Payments means that portion of the bonus payments received by the

  • Minimum Payments $50 (with respect to all funds in the aggregate.)

  • Performance Indicator means a measure of HSP performance for which a Performance Target is set; technical specifications of specific Performance Indicators can be found in the MSAA Indicator Technical Specifications document;