Progress Payments definition
Examples of Progress Payments in a sentence
Provided that Tenant submits written invoices to Landlord at least thirty (30) days in advance for each monthly Progress Payment, Progress Payments shall be paid by Landlord to Tenant accordingly.
DEFCON 035 (Edn 06/21) - Progress Payments DEFCON 076 (SC2) (Edn 11/22) - Contractor's Personnel at Government Establishments DEFCON 127 (Edn.
Upon expiration of the Term, and within ten (10) calendar days following ▇▇▇▇▇▇’s delivery of the final annual financial report at the end of the Term contemplated under Section 5.7 of this Agreement, Landlord and Tenant shall conduct a reconciliation (the “Reconciliation”) with respect to the Progress Payments paid to Tenant by Landlord and the actual Facility Operating Expenses paid by Tenant in operating the Facility.
In consultation with the District and the construction manager, the Architect shall assist in the development and implementation of procedures, forms and documents for the submittal, review, processing and disbursement of Progress Payments to the Project contractor(s).
If Landlord’s non-payment of the Progress Payment would cause Tenant to fail to comply with the Criteria or be unable to make timely payments under the Lease, withholding of such Progress Payment and any previously withheld Progress Payments may be deferred by Landlord at Landlord’s discretion.