FEED Contract definition

FEED Contract or “FEED Contractor” shall mean the front end engineering design contract and contractor which shall provide the engineering for constructing and installing the ELC Liquefaction Facilities.
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Examples of FEED Contract in a sentence

  • Owner shall not be responsible to make any further payments except for the remaining portion of the Reais FEED Contract Price (if any) which shall be payable by Owner to the New Brazilian FEED Contractor in accordance with Clause 2.1(d).

  • Notwithstanding the novation of the FEED Work pursuant to Clause 2 (the “Novation”), the division of the Work and the payment of the Reais FEED Contract Price directly to the Brazilian FEED Contractor, the following provisions shall apply.

  • The provisions of Clause 2.2 (Removal Rights) and Clause 2.3 (Further Novation) of the First Amendment shall apply to the Brazilian FEED Contractor in respect of the New Work mutatis mutandis as if references to the “FEED Work” and the “Reais FEED Contract Price” were references to “New Work” and “New Work Fee”, respectively.

  • Contractor hereby authorizes the Owner to pay the Reais FEED Contract Price directly to the Brazilian FEED Subcontractor, which payment shall be a credit against the amount payable by the Owner to Contractor pursuant to an Authorization for Assignment of Credit Rights in the form of Such payment shall not be deemed to relieve or exempt Contractor from any of its responsibilities under this Contract.

  • The Reais FEED Contract Price shall then be recalculated based on the definitive Price Index, or as may be determined by an Expert in accordance with Clause 7.9.5, and any difference shall be paid or offset at the time of the next payment.

Related to FEED Contract

  • CFD Contract or "CFD" shall mean a contract which is a contract for difference by reference to fluctuations in the price of the relevant security or index;

  • Covered contract means an energy savings performance contract, a utility service contract, or a private housing contract awarded by DoD, if such contract results in DoD ownership of photovoltaic devices, by means other than DoD purchase as end products. DoD is deemed to own a photovoltaic device if the device is—

  • Assigned Contract means any Contract entered into by, or otherwise legally binding on, Seller or its Subsidiaries that relates exclusively to the Business or the Transferred Assets.

  • Prepaid contract means a contract requiring payment in advance for funeral or cemetery services or merchandise, physical delivery and retention of which would occur after death under a guaranteed price contract or a nonguaranteed price contract. Prepaid contracts do not include a contract for the sale of merchandise or funeral or cemetery services entered into after the death of the contract beneficiary.

  • Scheduled Contracts has the meaning set forth in Section 4.16.