RNI Payment definition

RNI Payment means the component of the monthly payment to be paid by the Province to the Contractor with respect to the Remaining New Infrastructure under Section 9.2;
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Examples of RNI Payment in a sentence

  • The first RNI Payment shall be on the first Business Day of the month following the month in which RNI Traffic Availability is achieved, and each RNI Payment shall be made by the Province on the first Business Day of each month thereafter.