Project Payment definition

Project Payment is the money returned to an Investor. This typically (see Clause 5.4, Clause 5.6, and Clause 9.5) comprises the Investor’s Contribution plus their agreed upon share of the Income generated, via the sale of farm produce, that are in excess of the Principal of a Project.

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Project Payment means a payment made or to be made by the Province in respect of a Project in accordance with this Agreement;

Project Payment means the amount payable by the Developer as consideration for the Project to UTDB in accordance with Article 21.

Examples of Project Payment in a sentence

• The provisions of Clauses 5 – Boddington Project Payment, 8 – Superannuation, 21 – Annual Leave, 22 – Absence through sickness, 23 – Public Holidays, and 24 – Compassionate Leave do not accrue during Parental Leave.

• The Paying Agent shall pay or distribute, as applicable, each Earnout Project Payment to the Sellers promptly after it receives the same in accordance with the Allocation Schedule.

• A dispute is a disagreement on terms or conditions of the Project where the Contractor's opinion of the Project, Payment, Change Order or Request for Proposal differs from that of the Owner or Architect.

• Without limiting Holdco Buyer’s obligations to pay any given Earnout Payment, Holdco Buyer shall deposit in a segregated account the sale proceeds it receives from the sale of the applicable Earnout Project to Operating Buyer or any other third Person, and with respect to such account, repayment of debt associated with such Project shall be the only distributions which may be made in priority to the payment of the Earnout Project Payment.

• Section 3.1. CNYCC shall pay Project Participant for Project Deliverables and performance in accordance with the terms and conditions set forth in the then current Project Payment Policy, which is subject to approval of the CNYCC Board of Directors in accordance with its Bylaws and relevant policies, as indicated in Appendix B and shall be subject to the contingencies for payment set forth in Section 4.3 of the Partner Organization Agreement.

• This ensures that, in the event of unexpectedly low Income, the Investor(s) will receive back their Contributions, but not their Expected Returns, as a Project Payment.

• Subject to the conditions set out in this clause, an employee may qualify for the payment of the Ravensthorpe Project Payment (RPP) of up to $150.00 per week which will be paid on termination of employment by the Employer or the employee.

• Notwithstanding anything contained in Section 8.2 of the License Agreement to the contrary, Licensee’s obligation to make the Anoheal Project Payment and the Incostop Project Payment from the date hereof through December 31, 2008 (such period, the “Forbearance Period”) shall be suspended, and such amounts shall instead accrue and be payable in full at the end of the Forbearance Period.

• The agreement between Buyer, Seller and Escrow Holder regarding the holding and disbursement of Cash Advance and Project Payment funds as set forth in Section 2.2, and in the form attached hereto as Exhibit D.

• Milestone Charges consist of Transition Charges and Request for Solution Project Payment Based Milestones.

More Definitions of Project Payment

Project Payment mean the 75% Working Interest participants paying 100% of the actual drilling and completion costs;

Project Payment means the payments described under section 4.1 for the Natural Gas Pipeline Project, but does not include any additional payments under section 4.3; and

Project Payment. A “project” for the purpose of receiving the project payment will be defined as a major task that has been recognised: - On the capital works program, and - Has been allocated its own job number, and - Is anticipated to take a minimum of two weeks to complete, and - Is situated at one location, and - Requires additional hours (TOIL) to be worked. Staff working on projects meeting this criteria and certified by the Manager City Operations will receive a payment of $31.40 per week for each week that they work on the project. • Added Responsibility Payment. Staff undertaking duties which require an added responsibility will be paid an Added Responsibility Payment of $11 per week whilst undertaking those duties requiring additional responsibility (eg Leading Worker at Thorndon Park, Golf Course, Biodiversity Team). The Project Payment and Added Responsibility Payment will be adjusted annually (first pay period in January) in accordance with the Consumer Price Index (All Groups Adelaide) increase for the 12 month period ending 30 September of each year. These payments do not apply for staff members when they are undertaking higher duty responsibilities. • Trade Payment Staff who are undertaking duties which require the use of two or more trades to complete a task for more than 1 hour each trade in any one day will be temporarily reclassified for the whole day to a Grade 6 Municipal Employee.

Project Payment means the then current annual payment due from the Developer to the County and the CRA. All subsequent Project Payments shall be due on the anniversary of the first payment.