Contract Payment Date definition

Contract Payment Date means, with respect to any Contract, each date on which a Contract Payment is or becomes due and payable thereunder.

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Contract Payment Date. For each Contract, the date on which it matures, except that if the Contract matures on a day which is not a Business Day, the date shall be the next succeeding day which is a Business Day; provided, however, that (i) if a Contract would otherwise expire on a day which is not a Business but is a day of the month after which no further Business Day occurs in such month, the Contract Payment Date shall expire on the next preceding Business Day, and (ii) if a Contract Period begins on a day for which there is no numerically corresponding day in the calendar month in which the last day of such Contract Period falls, such Contract Period shall end on the last Business Day of such calendar month.

Contract Payment Date means the dates when the Price of the Contract will be paid, broken down as follows: 1st Payment.- 60% of the Price of the Contract of the part at lump-sum price, plus the amount really executed of the part that corresponds to unit prices on the Scheduled Provisional Acceptance Date of the first Unit, as long as Contractor has obtained Provisional Acceptance of the Unit in question on or before the Scheduled Provisional Acceptance Date of the first Unit. Exclusively for purposes of the 1st Payment, two months in advance Contractor must notify Commission in writing whether the Provisional Acceptance will be on or before the Scheduled Provisional Acceptance Date of the first Unit, for Commission begin the necessary negotiations and be able to make the corresponding payment. If Contractor does not obtain Provisional Acceptance of the first Unit on or before the Scheduled Provisional Acceptance Date of such Unit, but obtains it within the first 30 days after such date, within the first 30 days after the Provisional Acceptance Date of the first Unit Commission will make the payment, having been previously notified such Acceptance in writing 30 days before the Provisional Acceptance Date of the first Unit. If Contractor again fails to obtain Provisional Acceptance within aforementioned 30-day period, within the first three Months after it obtains Provisional Acceptance of the Unit, Commission will make the payment, having been previously notified in writing of such Acceptance two months in advance. And in case Contractor obtains Provisional Acceptance in advance before such two-month period, Commission will make the payment within the first three months after such Provisional Acceptance Date. 2nd Payment. 40% of the Contract Price of the part that corresponds to the lump-sum price and the part of unit prices which has been executed and not settled per the Project Completion Date. "SCHEDULED PROVISIONAL ACCEPTANCE DATE" in connection with any Unit, means the Critical Event Date according to which Contractor must have obtained Provisional Acceptance of such Unit.

Examples of Contract Payment Date in a sentence

• On the final Contract Payment Date, which is the Maturity Date, the Contract Payment amount shall equal the Guaranteed Fund balance as of such date.

• For the period commencing on the Closing Date and ------------- ending on the Deferred Contract Payment Date, ACI shall pay 100% of the Seller's cost of performing the DGC Agreement.

• For the period commencing October 1, 2001 and ending on the Deferred Contract Payment Date, ACI shall pay 93% of the Seller's cost of performing the Dell Agreements.

• If Borrower shall fail to elect a new Contract on or before any Contract Payment Date, then so long as no Default has occurred and is continuing, on the Contract Payment Date, Lender shall convert any expiring Contract to a new LIBOR Portion having the same Contract Period as the expiring Contract.

• The portion of this Note comprised of a LIBOR Portion may be prepaid only on the Contract Payment Date applicable thereto, provided that if any such LIBOR portions are prepaid during the first six (6) months after the effective date of this Note, Borrower shall also remit to Lender an amount equal to the Prepayment Premium.

• For the period commencing October 1, 2001 and ending on the Deferred Contract Payment Date, ACI shall pay 95% of the Seller's cost of performing the TNS Agreement.

• The Bank may reject the Shopping Use, if the Contract Payment Amount (as defined in Paragraph 1 of Article 37) is not paid on the Contract Payment Date (as defined in Paragraph 1 of Article 37), all or any part of the Card Member’s obligation owing to the Bank is delinquent, or otherwise the Shopping Use by the Card Member is judged to be inappropriate due to the Credit Card use status or credit standing, etc.

• If Borrower shall now or hereafter have a right to prepay such LIBOR Portion by operation of law or otherwise, or if Borrower shall elect to prepay a LIBOR Portion on a date other than a Contract Payment Date, such prepayment must be accompanied by a simultaneous payment of any Additional Cost, Funding Costs and accrued interest on any covering Contract which Lender may incur, attributable to any such LIBOR Portion which is being prepaid in whole or in part.

• On each Contract Payment Date, except the final Contract Payment Date, the Contract Payment amount shall equal the amount of interest earned on the Guaranteed Fund, but not yet paid.

• If the System is closed on any Contract Payment Date specified in Schedule A, or, if for any reason beyond the Insurance Company’s reasonable control the Contract Payment is not paid on a Contract Payment Date specified in Schedule A, the Contract Payment shall be paid on the first day thereafter that the System is open.

More Definitions of Contract Payment Date

Contract Payment Date means the earliest of:

Contract Payment Date means any date on which Contract Payments are scheduled to be paid by the City under and pursuant to any Contract.

Contract Payment Date. For each Contract, the date on which it matures, except that if the Contract matures on a day which is not a Banking Day, the date shall be the next succeeding day which is a Banking Day.

Contract Payment Date means the date upon which a payment is due to CGL under the EDPSA;

Contract Payment Date means any date on which Contract Payments are scheduled to be paid by the City under and pursuant to the Parity Obligations.