Progress Payment Agreement definition

Progress Payment Agreement means any agreement that is entered into by and between Parent or any Subsidiary and any commercial or investment bank, commercial lending company or finance company providing for progress payments or similar payments with respect to equipment to be leased by Parent or such Subsidiary.
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Progress Payment Agreement an agreement substantially in the form of Exhibit E, as amended, supplemented or otherwise modified from time to time, which may be executed as to any one, more or all Phases pursuant to Section 3(a) of the Lease.
Sample 1

Examples of Progress Payment Agreement in a sentence

  • If any Unit suffers a Casualty from the Shipment Date until the Acceptance Date, Lessee shall pay Lessor any sum required to be paid under any Progress Payment Agreement entered into between Lessor and Lessee in relation to such Unit.

  • In the event any Vendor requires any advance payments, progress payments or full payments prior to the Lease Addition Date of the Equipment proposed to be added to the Lease for any Phase, the Lessee shall execute and deliver to the Lessor a Progress Payment Agreement for such Phase, and the Lessor will make available amounts pursuant thereto for such purpose.

  • Progress Payment Agreement under which the Borrower may act on behalf of the Bank in the ordering and acquisition of equipment to be leased.

  • If any Unit suffers a Casualty from the Shipment Date until the Acceptance Date (as defined in the applicable Schedule), Lessee shall pay Lessor any sum required to be paid under any Progress Payment Agreement entered into between Lessor and Lessee in relation to such Unit.

  • Each Schedule shall incorporate by reference the terms and conditions of this Master Lease Agreement, and together with the Acceptance and Delivery Certificate and Master Progress Payment Agreement, if applicable, shall constitute a separate Lease.

  • If Lessee has executed and delivered a Master Progress Payment Agreement, Lessor may, in its sole discretion, at any time by written notice to Lessee, declare all prior Certificates executed in connection with the Master Progress Payment Agreement to be and constitute the Acceptance and Delivery Certificate for all purposes under the Lease, and the Date of Acceptance of the Lease shall be the date determined by Lessor in its sole discretion which shall not be earlier than the date of the last Certificate.

  • The Progress Payment Certificate references the Master Lease, Schedule and Progress Payment Agreement, but it does not incorporate any of those documents.Upon execution of the Progress Payment Certificate, Taxpayers fund the progress payment, and the lessee's obligation to make interim payments commences.All of the foregoing documentation requires the signature of the lessee.

  • The Acceptance Certificate references the Master Lease, but it is not incorporated into the Master Lease, nor does it incorporate the Master Lease by reference.When a vendor desires progress payments in advance of the delivery of the equipment, Taxpayer and the lessee execute a Progress Payment Agreement.

  • In the event of default under the Lease, Lessor may, in addition to all other remedies available to it under the Lease, recover the dollar amount listed under the Total Stipulated Loss Value indicated above as of the Monthly Rental payment date immediately preceding the date of the default, or in the event of a default under the Master Progress Payment Agreement, Lessor may recover an amount equal to 138% of the total amount funded.

  • For any Equipment which is the subject of any payments made by the Lessor under a Progress Payment Agreement for any Phase, unpaid Additional Rent under such Progress Payment Agreement with respect to such Equipment shall be capitalized and, together with the amount of such payments made by the Lessor with respect to such Equipment, shall be added to and constitute part of the Equipment Cost for such Phase.

Related to Progress Payment Agreement

  • Payment Agreement means a written agreement which provides

  • Agreement Payment means a Payment paid or payable pursuant to this Agreement.

  • Repayment Agreement means an agreement

  • Project Management Agreement means the agreement dated the 20th February 1985 made between the Trustee and the Manager providing for the Manager to manage and co‑ordinate the development and construction of the Resort and includes, if that agreement is terminated, any other agreement in like and similar terms made with the prior consent of the Minister;

  • Equity Contribution Agreement means the Equity Contribution Agreement, to be dated as of the Closing Date, by and among Guarantor, Borrower and Administrative Agent.

  • Performance Agreement means an agreement between an HSP and its CEO that requires the CEO to perform in a manner that enables the HSP to achieve the terms of this Agreement and any additional performance improvement targets set out in the HSP’s annual quality improvement plan under the Excellent Care for All Act, 2010;

  • Reimbursement Agreement as defined in Section 2.8(b).

  • Development Agreement has the meaning set forth in the Recitals.

  • Restatement Agreement means the Restatement Agreement to the Existing Credit Agreement dated as of June 30, 2017 by and among each of the Loan Parties party thereto, the Administrative Agent and the Lenders party thereto.

  • New Management Agreement means the management agreement to be entered into between Buyer and the Manager for the operation and management of the Hotel on and after the Closing Date.

  • Secondment Agreement means the secondment agreement between one or more members of the Vishay Group, as the seconding party, on the one hand, and one or more members of the VPG Group on the other hand, listed on Exhibit I, in the substantially in the forms attached to such Exhibit. From and after the Distribution Date, the Secondment Agreement shall refer to the secondment agreement substantially in the form attached to Exhibit I, as amended and/or modified from time to time in accordance with its terms.

  • SWS wage assessment agreement means the document in the form required by the Department of Education, Employment and Workplace Relations that records the employee’s productive capacity and agreed wage rate

  • Expense Agreement means the Agreement as to Expenses and Liabilities between the Depositor and the Trust, substantially in the form attached as Exhibit D, as amended from time to time.

  • Arrangement Agreement means the arrangement agreement dated as of April 18, 2019 between the Purchaser and the Company, including the schedules and exhibits thereto, providing for, among other things, the Arrangement, as the same may be amended, supplemented or restated.

  • Replacement Agreement means an agreement entered into as a replacement for any Relevant Agreement;

  • MCIP Agreement means the Agreement for the Development of a Joint County Industrial and Business Park (2010 Park) dated as of December 1, 2010, as amended, between the County and Xxxxxxxx County, South Carolina, as the same may be further amended or supplemented from time to time, or such other agreement as the County may enter with respect to the Project to offer the benefits of the Special Source Revenue Credits to the Company hereunder.

  • Indemnity, Subrogation and Contribution Agreement means the Indemnity, Subrogation and Contribution Agreement among Xxxxx 0, the Borrower, the Subsidiary Loan Parties and the Collateral Agent, substantially in the form of Exhibit C-3.

  • Training Agreement means an agreement registered under the provisions of the Industrial and Commercial Training Act 1985.

  • Consent Agreement means this Consent Agreement, duly signed and concluded between the Commission and the Respondent, as contemplated in section 40(1) of the Act.

  • Client Agreement means the agreement between the Company and the Client, which together with the Terms of Business are defined as “Operative Agreements” and govern the terms on which the Company deals with the Client.

  • Asset Management Agreement means, as the context requires, any agreement entered into between a Series and an Asset Manager pursuant to which such Asset Manager is appointed as manager of the relevant Series Assets, as amended from time to time.

  • Construction Management Agreement means the Construction Management Agreement, dated as of the date of the Common Agreement, between Construction Manager and the Project Company.

  • Settlement Agreements means any settlement reached in the U.S. Litigation with any of the Settling Defendants.

  • Termination Agreement has the meaning set forth in the Recitals.

  • Settlement Agreement means this agreement, including the recitals and schedules.

  • Disbursement Agreement means the Master Disbursement Agreement, dated as of the Closing Date, by and among the Administrative Agent, the Bank Facilities Administrative Agent, the Disbursement Agent, the Borrowers and LCR, in substantially the form of Exhibit D-3 hereto, as the same may be amended, supplemented, amended and restated, or otherwise modified in accordance with the terms hereof and thereof.