Interim Capital Payment definition

Interim Capital Payment means a payment on account of the HPTE Capital Payment to be made to the Concessionaire by HPTE pursuant to the Concession Agreement.
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Examples of Interim Capital Payment in a sentence

  • HPTE will make payment of the Interim Capital Payment within fifteen (15) Business Days after the day when the last of the requirements in the next sentence has been fulfilled.

  • The maximum amount of the Interim Capital Payment which may be applied for shall be an amount up to the full amount of the Construction Sub-Contract Price Payment which is due so long as the aggregate value of the Interim Capital Payments made at the date when the Interim Capital Payment shall be paid does not exceed the Interim Capital Payment Cap applicable to the period ending with that date.

  • When making an application for an Interim Capital Payment, the Concessionaire shall submit to HPTE all the supporting documentation required by the TIFIA Lender pursuant to the terms of the Phase 2 TIFIA Loan and any other documentation submitted to the Senior Lenders when applying to draw funds under those facilities in order to establish that the amount of the Construction Sub-Contract Price Payment is due and payable under the Construction Sub-Contract.

  • If no application is being made to draw funds from the Phase 2 TIFIA Loan when an application is made for an Interim Capital Payment then the Concessionaire shall submit all the supporting documentation which would have been required if such a drawing were being made.

  • Whenever a Construction Sub-Contract Price Payment is due the Concessionaire may also apply for an Interim Capital Payment in accordance with this Section 28.

  • Applications for an Interim Capital Payment may not be made more than once every calendar month.

Related to Interim Capital Payment

  • Total Payment shall have the meaning set forth in Section 2.4(a).

  • Down payment means all partial payments, whether made in cash or otherwise, received by or for the benefit of the seller before or substantially contemporaneous with either the execution of the installment sale contract or the delivery of the motor vehicle sold under that contract, whichever occurs later.

  • Interim Payment has the meaning specified in Section 10.1.

  • Supplemental Payment means any payments or transfers of things of value made to the District or to any person or persons in any form if such payment or transfer of thing of value being provided is in recognition of, anticipation of, or consideration for the Agreement and that is not authorized pursuant to Sections 313.027(f)(1) or (2) of the TEXAS TAX CODE, and specifically includes any payments required pursuant to Article VI of this Agreement.

  • Legal Final Payment Date means the one-year anniversary of the Expected Final Payment Date.