DC Payment definition
Examples of DC Payment in a sentence
This assignment shall be made and become effective at the time TxDOT tenders Final D&C Payment to Developer, without further acknowledgment by the Parties.
The Maximum D&C Payment Schedule shall not limit payment for Change Order D&C Work unless otherwise specified in the Change Order.
The Project Schedule shall provide for payment to be made solely on the basis of progress by Developer, subject to a cap on payments shown on the Maximum D&C Payment Schedule established for the Project.
In other words, at no time shall Developer’s cumulative total progress payments for D&C Work (including mobilization payments but exclusive of payments for Change Order Work) exceed the cumulative total expenditure permitted by the Maximum D&C Payment Schedule.
The aggregate amount of progress payments to Developer for the D&C Work hereunder shall not exceed the amount allowed by the Maximum D&C Payment Schedule at any time, exclusive of payments for Change Order Work, without the prior approval of TxDOT, which approval may be withheld in its discretion.
If the Company shall fail to comply with the provisions of Section 7.3(a), the Company shall, in addition to any other equitable or other relief available to the Holder(s), be liable for any or all incidental or special damages sustained by the Holder(s) requesting registration of their Warrant Securities.
The Maximum D&C Payment Schedule shall be revised from time to time thereafter upon request by TxDOT or by Developer on its own initiative, as appropriate to account for any changes in the D&C Price as evidenced by Change Orders or amendments.
The Maximum D&C Payment Schedule shall be calculated based on the monthly expenditure for the Project rate set forth in Exhibit 5-1.
The Maximum D&C Payment Schedule shall be calculated based on the monthly expenditure for the Project rate set forth in Exhibit 5.
Developer shall develop a Project Schedule that defines the timeframe for completion of the Project and achievement of milestones, and shall use such Project Schedule to monitor progress and denote changes that occur during design and construction of the Project, as applicable, as well as to determine the amount of each progress payment due to Developer subject to a cap on payments shown in the Maximum D&C Payment Schedule.