Milestone Payment Plan definition
Examples of Milestone Payment Plan in a sentence
By this agreement the Grant Funder agrees to provide Funding to the Grant Recipient in accordance with Schedule 1 (Milestone Payment Plan), the conditions of funding and upon successful completion of the agreed deliverables.
The Contractor shall present a graph of cumulative milestone values over the entire program duration, indicating the Milestone Payment Plan amounts, and the cumulative amounts approved to dates.
Contractor shall not submit invoices for a Spacecraft, the amounts of which, when paid, will cause the total amount paid under the Contract with respect to such Spacecraft to exceed the aggregate sum scheduled to be paid with respect to such Spacecraft to that point in time as provided in the Milestone Payment Plan.
In accordance with Article 12, if a change is accepted and implemented, the Milestone Payment Plan will be modified to reflect the change in Spacecraft Price within thirty (30) Days following initial implementation of said change.
The Milestone Payment Plan will be modified to reflect the increase of Spacecraft Price within thirty (30) Days.
For any milestone listed on Schedule 1, SATMEX 8 Milestone Payment Plan for Firm Fixed Price, Contractor shall submit an invoice for the associated milestone payment, upon completion of such milestone in accordance with the milestone completion criteria contained in Schedule 1, SATMEX 8 Milestone Payment Plan for Firm Fixed Price.
Payment by Customer to Contractor of the amount due for each Spacecraft (less Performance Incentives) and other Deliverable Items as specified in items 1 through 5, 8 and 9 in Tables 4.1.1 - 4.1.5 of this Contract (as may be adjusted pursuant to Paragraph 4.3.1) shall be made in accordance with the Milestone Payment Plan for such Spacecraft and the conditions specified therein.
In lieu of committing to a cash payment, Letter of Credit or Security Agreement under Paragraphs 5.1.2(a), (b), (c), (d), or (e), Customer may provide financial information, which, in the sole discretion of Contractor, is satisfactory for Contractor to allow Customer to make payments under the Milestone Payment Plan set forth in Attachment 7.
Payments by Purchaser to Contractor of the Firm Fixed Price set forth in Article 4 shall be made in accordance with the Payment Plan set forth in Schedule 1, SATMEX 8 Milestone Payment Plan for Firm Fixed Price, hereto.
NSS undertakes that, as soon as practicable following its receipt from Contractor of the refunded amounts of the Milestone Payment Plan referenced in Section 2.3(a) of the MOU, it shall apply such portion thereof towards prepayment of outstanding term loans under the NSS Credit Agreement as is required so as to ensure that the NSS Credit Agreement Amendment becomes effective within twenty-four (24) hours of receipt by NSS of such refunded amounts.