Phase 2 Payment definition
Examples of Phase 2 Payment in a sentence
From the end of Phase 1 through the end of Phase 2 each Party’s Participation Percentage will be as based on its aggregate Phase 1 and Phase 2 Payment obligations, including its Phase 1 Initial Payment obligation, any Phase 1 Anchor Payment obligation, and any Phase 2 Initial or Anchor Payment obligations (as defined below), as a percentage of the total approved Phase 1and 2 expenditures as specified Sections 7.b. and 7.c.
Phase 1: Payment #1: $6.5M May, 2019 but no earlier than seven (7) days and no later than twenty (20) days after receipt of SEE Approvals Payment #2: $7.0M 2021Upon delivery of the Property Payment #3: $7.0M 2022-12 months after Payment #2 Payment #4: $7.0M 2023-12 months after Payment #3 Payment #5: $7.0M 2024-12 months after Payment #4 Phase 2: Payment #6: $10M or appraised value as described below.
In the event of modifications to the Phase 2 Payment Schedule under this Section 5.4, any license fee adjustments shall take into account the membership figures of the affected division(s) and be priced, in part, on a proportional basis.
Phase 2: Payment under Phase 2 shall be completed as determined in conjunction with finalization of the Phase 2 Scope of Services and subsequent amendment of this Contract to reflect those services agreed upon.
Project initiation £7,500 22 February 2013 Phase 1: completion of literature review and preparation for case studies £18,750 22 March 2013 Phase 2 Payment 1: completion of first set of case studies and interim report £15,000 1 July 2013 Phase 2 payment 2: completion of all case studies £30,000 1 November 2013 Phase 3: production of final report £11,250 1 January 2014 Expenditure for the financial year 2012-2013 shall not exceed £26,250 exclusive of VAT.
Phase 2 Payment 3 14 $350,000 Fees for Phase 2: Stabilize will remain at the $175,000 weekly run rate.