EPC Payments definition

EPC Payments means the EPC Advance Payments and any amounts payable to the EPC Contractor by the Company in accordance with the Approved EPC Budget in respect of each Approved EPC Milestone; provided, that any amounts which are to be retained from the EPC Contractor and are to be paid after expiry of the relevant retention period in accordance with the Approved EPC Budget, shall also be construed as an EPC Payment;
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Examples of EPC Payments in a sentence

  • Notwithstanding the provisions of Section 7.1.1 above, Buyer shall not be entitled to make any claim for indemnification as provided in Section 7.1.1(d)(ii) in respect of Other EPC Payments unless such claim shall have been made in writing no later than the date on which the bonus payment obligations owed by any Sunlight Company to First Solar Electric (California), Inc.

Related to EPC Payments

  • Passthru payments means any withholdable payment and any "foreign passthru payment," which is currently not defined. The current proposed FATCA regulations (“Proposed Regulations”) state that the Internal Revenue Service and the U.S. Treasury have determined, that withholding on “foreign passthru payments” is not required, pending further guidance and analysis. The Proposed Regulations provide that such withholding will not be effective before the date that is two years after the publication of final regulations defining the term “foreign pass-thru payment”.

  • Earnout Payments has the meaning set forth in Section 2.2(a).

  • FILOT Payments means the amount paid or to be paid in lieu of ad valorem property taxes as provided herein.

  • Earn-Out Payments has the meaning set forth in Section 2.3(a).

  • Service payments means payments to the private entity of a qualifying project pursuant to a service contract.