Progress Payments definition

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 5.2.1 below. (Payment pursuant to this Contract shall be made as earned, in whole or in part, from available County funds in an amount not to exceed the contract amount.) 5.2.1 Prior to Contract Completion, unless terminated prior to Completion, progress payments shall occur in an amount equal to:

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Progress Payments as used in this clause, means payments made before completion of work in progress under a job order.

Progress Payments means those payments which are not associated with milestone events, as described in Attachment 3.

Examples of Progress Payments in a sentence

If Loans are being borrowed to pay Equipment Acquisition Costs in respect of an Equipment Supply Agreement (other than Progress Payments), delivery to Administrative Agent documentation evidencing the delivery or anticipated delivery of (which may be a notice of prepayment provided by Borrower to the applicable Equipment Supplier), or the transfer of title to Borrower of, the Equipment that is the subject of such Borrowing.
Make (and shall cause Sponsor to make) the Minimum Equity Contributions on or prior to April 30, 2026, which Minimum Equity Contribution shall either be applied directly towards Progress Payments or deposited in the Equity Borrower Account for the making of Progress Payments.
Borrower shall use the proceeds of the Loans to pay or fund, or cause to be paid or funded, Equipment Acquisition Costs (including the payment of certain Progress Payments) and Financing Costs, including interest and fee payments due to be made hereunder by Borrower to Lenders on the Loans.
Administrative Agent shall have received the budget (“Budget”) setting forth the anticipated Equipment Acquisition Costs, Progress Payments, the Financing Costs and such other information as Administrative Agent may reasonably require, together with a statement of uses and anticipated sources of funds necessary to pay the Equipment Acquisition Costs, Progress Payments and the Financing Costs, which Budget shall be satisfactory to Administrative Agent and the Lenders.
Borrower shall cause Sponsor to deposit all Equity Contributions required to be made under Sponsor Equity Contribution and Guaranty Agreement to the Equity Borrower Account or, if applicable, towards Progress Payments in accordance with the Equipment Supply Agreement.

More Definitions of Progress Payments

Progress Payments means payments for work in place and materials or equipment that have been delivered or are stockpiled in the vicinity of the construction site. This includes payments for undelivered, specifically manufactured equipment if: (1) designated in the specifications, (2) could not be readily utilized or diverted to another job, and (3) a fabrication period of more than 6 months is anticipated.

Progress Payments means the payments that become due to the Contractor under Section 9.1 in relation to the Provincial Funding;

Progress Payments means payments for work in place and materials or equipment that have been delivered or are stockpiled in the vicinity of the construction site. This includes payments for undelivered specifically manufactured equipment if: (1) designated in the specifications, (2) could not be readily utilized or diverted to another job, and (3) a fabrication period of more than 6 months is anticipated.

Progress Payments. Progress payments are unearned cash flow payments authorized and paid at selected training and contract performance benchmarks. Progress payments may be paid after a trainee is enrolled and has completed 8 hours of training (P1), after a trainee has completed training (P2) and when a trainee is placed in qualifying employment with an eligible employer (P3) [New Hire participants only]. Progress payments may not exceed 75% of the cost per trainee based on the hours of training documented at completion of training. Progress payments are not considered earned until the completion of all contract performance requirements and reconciliation of payments at the Fiscal Closeout of the Agreement.

Progress Payments means payments to reimburse the Sub-Agreement Holder for Eligible Expenditures after they have been incurred,

Progress Payments. Owner shall make monthly progress payments on account of the Contract Price and as provided in the Contract Documents. All progress payments will be on the basis of the progress of the Work. Owner shall have the right to request and inspect supporting documentation for progress payments, including but not limited to receipts and invoices evidencing payments of charges associated with the Work.

Progress Payments. ’ means payments provided for