Milestone/Progress Payment Schedule definition

Milestone/Progress Payment Schedule means the Work-related payment schedule set forth in Appendix B to this Agreement.
Sample 1

Examples of Milestone/Progress Payment Schedule in a sentence

  • An increase or decrease in Lump Sum Fixed Price, if any, required pursuant to this Article 13 as a result of a Scope Change shall be determined by the mutual agreement of the Parties and shall be paid (or reimbursed or recouped) in one or more payments in accordance with the Milestone/Progress Payment Schedule, as adjusted in accordance with this Article 13.

  • All payments by the MEP Participants in respect of the Rights to Land shall be made by the MEP Participants in accordance with the Milestone/Progress Payment Schedule, with the Turnkey Contractor being responsible under this Agreement for advising the MEP Participants of the proper amounts and the proper payees, other than Turnkey Contractor, which are to receive all or any portion of such Scheduled Payments.

  • The MEP Participants, without invalidating this Agreement, may order Scope Changes to the Work, in which event one or more of the Lump Sum Fixed Price, the Guaranteed Completion Date, the Milestone/Progress Payment Schedule, the Work Schedule and/or the Performance Guaranties shall be adjusted or modified only to the extent necessary in light of such Scope Changes.

  • The Lump Sum Fixed Price shall be paid by the MEP Participants to the Turnkey Contractor in installments in accordance with the Milestone/Progress Payment Schedule attached hereto as Appendix B (the “Scheduled Payments”).

  • Set forth in Appendix B on the Milestone/Progress Payment Schedule are certain Phases and milestone events within the Basic Engineering Phase, Detailed Engineering Phase and Land Acquisition and Construction Phase which, among other things, determine when the MEP Participants shall become obligated to make Scheduled Payments to the Turnkey Contractor in respect of each identified portion of the Work.

  • In case of a termination of part of the Work during the third Phase, the MEP Participants will authorise a Scope Change Order making any required adjustments to one or more of the Lump Sum Fixed Price, the Guaranteed Completion Dates, the Milestone/Progress Payment Schedule, the Work Schedule and/or the Performance Guaranties, as appropriate.

  • The Milestone/Progress Payment Schedule provides for the Work to be achieved in three Phases (namely, the Basic Engineering Phase, the Detailed Engineering Phase and the Land Acquisition and Construction Phase) and several described milestones/progresses within each Phase of the Work.

Related to Milestone/Progress Payment Schedule

  • Development Milestone Payment shall have the meaning set forth in Section 9.2(a).

  • Milestone means an event or task described in the Implementation Plan which must be completed by the corresponding date set out in such plan;

  • Milestone 2 means achievement of annual Net Sales of at least $35,000,000 during any Calendar Year ending on or before December 31, 2024.

  • Milestone Date means the date set against the relevant Milestone in the Implementation Plan;

  • Project Milestone means the project milestone set forth in Schedule-J;

  • Milestone Dates means the dates for completion of specified Project activities as contained in the Project Schedule.

  • Milestone Schedule means Seller’s milestone schedule, the form of which is attached to this Agreement as Exhibit Q.

  • Milestones means control points in the project that help to chart progress. Milestones may correspond to the completion of a key deliverable, allowing the next phase of the work to begin. They may also be needed at intermediary points so that, if problems have arisen, corrective measures can be taken. A milestone may be a critical decision point in the project where, for example, the consortium must decide which of several technologies to adopt for further development.

  • Project Milestones means the project milestones set forth in Schedule-G;

  • Performance Milestone means an act or event specified in section 5.1 and described in section 9 of the EPLA.

  • Sales Milestone Payment shall have the meaning set forth in Section 8.4.

  • Milestone 1 means achievement of annual Net Sales of at least $20,000,000 during the Calendar Year ending on December 31, 2021.

  • Development Milestone Event shall have the meaning set forth in Section 9.2(a).

  • Milestone Payment means a payment identified in the Implementation Plan to be made following the issue of a Satisfaction Certificate in respect of Achievement of the relevant Milestone;

  • Development Schedule shall have the meaning set forth in Section 1.1.

  • Milestone Payment Date has the meaning set forth in Section 2.4(a).

  • Payment Schedule ’ means a schedule which sets out—

  • Milestone Events has the meaning set forth in Section 3.3 (Milestone Payments).

  • Progress Payment means a payment by a public agency to a contractor for work in place under the terms of a construction contract.

  • Milestone Event has the meaning set forth in Section 8.4.

  • Milestone Payments has the meaning set forth in Section 4.2.

  • Product Schedule means PTC’s standard order form entitled “PTC Product Schedule” (including all schedules, attachments and other document(s) specifically referenced therein) or such alternative order form as may be submitted by Customer and accepted by PTC, in each case that specifies (i) the Licensed Products and/or Services ordered; and (ii) for Licensed Products, the installation address (including the Designated Country) and the Licence Term.

  • Progress Payments County shall make periodic progress payments consist with the Contract Price on the basis of Contractor's Applications for Payments, as provided in paragraph

  • Performance Indicator means a measure of HSP performance for which a Performance Target is set; technical specifications of specific Performance Indicators can be found in the MSAA Indicator Technical Specifications document;

  • Performance Indicators means the indicators for Project monitoring and evaluation set forth in the Operational Manual.

  • Key Performance Indicator means a measure that captures the performance of a critical variable to expand and improve community-based corrections programs to promote offender success, ensure accountability, enhance public safety, and reduce recidivism.