Interim Payment definition

Interim Payment has the meaning specified in Section 10.1.

Interim Payment means, with respect to each Loan, an amount equal to the initial Loan Amount multiplied by the percentage equal to the product of (i) the quotient derived from dividing the initial Loan Factor with respect to such Loan by 30, and (ii) the number of days from (and including) the Funding Date of such Loan to (but not including) the first Payment Date with respect to such Loan.

Interim Payment means any payment of the Implementation Charges made by the Purchaser to the Contractor other than the final payment scheduled under the Contract.

Examples of Interim Payment in a sentence

• The Engineer may have issued any Interim Payment Certificate, the correction or modification in any previous Interim Payment Certificate which has been issued by him, and shall have authority, if any work is not being carried out to his satisfaction, to omit or to reduce the value of such work in any Interim Payment Certificate.

• Within 45 days after receipt of the Interim Payment Certificate and subject to the Contractor having made such further amendments and corrections as the Engineer may require, the Engineer will forward to the Employer the certified Interim Payment Certificate.

• The Contractor shall forward to the Engineer an Interim Payment Certificate based on the statement as corrected above and, should it be necessary in the Engineers opinion, shall promptly make any further amendments and corrections to the Interim Payment Certificate.

• CONTRACT PRICE AND PAYMENT 2311.1. Valuation of the Works 2311.1.1. Price Adjustment 2311.1.2. Exclusion of Price Adjustment for Late Completion of Works 2411.1.3. Dayworks 2411.2. Interim Payments 2411.2.1. Advance Payment 2511.2.2. Deductions for Re-payment of Advance Payment 2511.2.3. The Minimum Amount of Interim Payment.

• The Engineer may in any Interim Payment Certificate make any correction or modification to any previous Interim Payment Certificate signed by him and shall have authority, if any work is not being carried out to his satisfaction to omit or reduce the value of such work in any Interim Payment Certificate.

More Definitions of Interim Payment

Interim Payment shall have the meaning set forth in section 2.2(c) hereof.

Interim Payment means the interim reimbursement rates to Contracting Clinics as established 11 in Paragraph VI of Exhibit B to the Agreement for services provided in accordance with the Agreement.

Interim Payment for any Royalty Calculation Year, an amount equal to eighty percent (80%) of the Royalty Payment for such Royalty Calculation Year, as estimated in good faith by WSI on the basis of the best information reasonably available thirty (30) calendar days after the end of such Royalty Calculation Year;

Interim Payment means the payment in respect of the period from each Drawdown Date (where the Drawdown Date is not the first day of a calendar month) to the First Monthly Repayment Date being the amount of interest accruing at the Applicable Interest Rate on the amount drawn down for the period from the and including the Drawdown Date to First Monthly Repayment Date;

Interim Payment. An Interim Payment will accrue from the date each Loan Term commences until the next following first day of a month (unless the Loan Term commences on the first day of a month). The Interim Payment will be calculated at the daily equivalent of the currently adjusted Monthly Payment.

Interim Payment shall have the meaning set forth in the Recitals.

Interim Payment means any payments made towards the cost of the Trip between the Deposit Payment and the Balance payment