Interim Payment Schedule definition

Interim Payment Schedule means the schedule included for each Cost Centre in the Pricing Document and accepted by the Employer to be used for interim payments in relation to achievement of milestones under that Cost Centre, as the same may be revised from time to time in accordance with Clause 11.

Interim Payment Schedule means the schedule included for each Cost Centre in the Pricing Document and accepted by the Employer to be used for interim payments in relation to achievement of milestones under that Cost Centre, as the same may be revised from time to time in accordance with Clause 11. 1.1.1.12 “Letter of Acceptance” means the formal acceptance to work by the 1.1.1.13 Employer of the Tender. “Notice to Proceed” means the notice issued by the Employer to the Contractor communicating the date on which the Works are to be commenced.

Interim Payment Schedule means the schedule included for each Cost Centre in the Pricing Document and accepted by the Employer to be used for interim payments in relation to achievement of milestones under that Cost Centre, as the same may be revised from time to time in accordance with Clause 11. 1.1.1.12 “Letter of Acceptance” means the formal acceptance to work by the Employer of the Tender. 1.1.1.13 “Notice to Proceed” means the notice issued by the Employer to the Contractor communicating the date on which the Works are to be commenced. 1.1.1.14 "Letter of Tender” means the document entitled letter of tender, which was completed by the Contractor and includes the signed offer to the Employer for the Works. 1.1.1.15 “Conditions of Contract on Safety & Health and Environment”“Safety, Health and Environmental (SHE) Manual” means the Employer’s manual containing the requirements and conditions to be met during the execution of the Works by the Contractor. 1.1.1.16 “Schedules” means the information and data submitted with the Tender, as included in the Contract. 1.1.1.17 “Tender” means the Contractor’s priced offer to the Employer for the designing where ever applicable, execution, manufacture, and completion of the whole of Works, testing and commissioning (including Integrated Testing and Commissioning where ever applicable) and remedying of any defects therein, as accepted by the Letter of Acceptance. 1.1.1.18 “Schedule of Milestones” means the schedule included in each Cost Centre in the Pricing Document, describing the Milestones and stipulating dates by which the Milestones are to be achieved under that Cost Centre in order to maintain interim payments by the Employer to the Contractor in accordance with the Interim Payment Schedule for that Cost Centre, as the same may be revised from time to time in accordance with the Contract. 1.1.1.19 “Schedule of Payment” means the schedule included in the Bill of Quantity for payment in various stages on part of the works. 1.1.1.20 “Special Conditions of Contract” means any special conditions of contract issued by the Employer prior to submission of the Tender or negotiated and agreed in writing by the Employer and the Contractor prior to conditional upon acceptance of the Tender. 1.1.1.21 “Works Programme” means the programme showing the sequence, method and timing of investigations, design, issue of No Objection Notices, execution, manufacture, delivery to site, erection, installation, testing, commissioning of the Works (including ...

Examples of Interim Payment Schedule in a sentence

• In the event that CHK terminates the Agreement under this clause, CHK will be compensated for the works performed and completed, as follows: - Compensation for the works actually performed based on the Interim Payment Schedule; - Costs for relocation of construction materials; - Compensation for termination of the contracts with CHK’s contractors; - Costs for security and clearance of the project.

• The Interim Payment Schedule (IPS) identifies the monthly accumulative percentage for each Cost Centre Value to be used to calculate the amount certified in Interim Payment Certificates in accordance with Clause 67 of the General Conditions.

• When making any revision to the Interim Payment Schedule in accordance with the Contract, the Contract Administrator may reduce or extend the period over which interim payments may be made.

• These two Cost Centre Values shall be certified in accordance with the Interim Payment Schedule and Milestone Schedule …… Annexes A and B to this Supplemental Agreement No.2, …… to Clause 66 of the General Conditions.

• Disability and the New Green Deal Accessibility Accessibility is a right enshrined in Article 9 of the UN Convention on the Rights of Persons with Disabilities (CRPD), signed and ratified by the EU and its Member States.

• In respect of any instruction pursuant to Clauses 54.2, 54.3 or 65.2, the amount due to the Contractor shall be the amount accepted by the Contract Administrator pursuant to those clauses and the Contract Administrator shall make, pursuant to Clause 66, revisions (if any and if appropriate) to the Pricing Schedule and/or the Schedule of Milestones and/or the Interim Payment Schedule and shall notify the Contractor accordingly.

• The Interim Payment Schedule sets out the maximum accumulative percentage of each Cost Centre Value in relation to each month for which the Contractor may apply for payment, subject to the achievement of Milestones and to application for payment in accordance with Clause 67.

• The Alliance Board shall establish an Interim Payment Schedule for the Core Members to fund the Alliance and the education programs.

• Time is of the essence with respect to all provisions of this Amendment.

• Each grant of performance rights vests after one year, provided the total shareholder return (TSR) over that period is equal to or greater than 12% and the CEO remains employed by the Group; • Each performance right carries the right to one ordinary share in the Acrux Ltd; • Tranches that do not vest in any year of the cycle may be “rolled over” into the next year and are subject to an additional 12% TSR hurdle.