Substantial Completion Payment definition

Substantial Completion Payment means the Milestone Payment associated with the achievement of Substantial Completion, which shall be equal to [***].
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Substantial Completion Payment has the meaning established in Exhibit L.
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Substantial Completion Payment has the meaning in Paragraph 5.9 of this Contract.
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Examples of Substantial Completion Payment in a sentence

  • Administrative actions and submittals that shall proceed or coincide with Substantial Completion Payment.

  • Contracting Authority shall pay the Substantial Completion Payment as directed by Project Co in accordance with this Section 4.4(a) and shall not accept any redirection without the consent of the Lenders’ Agent.

  • Such Substantial Completion Deduction Amount shall be deducted from the BE MP Obligation for the Substantial Completion Payment made to the Developer pursuant to the C-70 Project Agreement.

  • By executing a Change Order, Seller thereafter waives the right to assert any further claim for an extension to the Guaranteed Substantial Completion Date (or any dates that are a function of the Guaranteed Substantial Completion Date), or an increase to the Purchase Price (including by modification of the Substantial Completion Payment Amount), or any other compensation, relief, or right or remedy based on, arising out of, or relating to the subject matter of, or the claim addressed by, such Change Order.

  • No partial payments or monthly progress payments will be allowed between the Substantial Completion Payment and the Final Payment.

  • The Authority shall pay the Substantial Completion Payment to Developer within thirty (30) days of receipt by the Authority of the invoice being submitted to the Authority in accordance with the requirements of this Section 14.1.2.4. 14.1.2.5 Within thirty (30) days of the Final Acceptance Date, the Authority shall pay the Final Acceptance Payment to Developer.

  • The College shall pay the Substantial Completion Payment as directed by Project Co and shall not accept any redirection without the consent of the Lenders’ Agent.

  • The amounts withheld as part of a holdback from the Substantial Completion Payment will be paid to Project Co in accordance with the Project Agreement.In addition to the remedying of Project Work Defects during the General Project Work Defect Warranty Period, Project Co will be required to remedy Latent Project Work Defects that are identified within the Latent Project Work Defect Warranty Period.

  • By executing a Change Order, Seller thereafter waives the right to assert any further claim for an extension to the Guaranteed Substantial Completion Date (or any dates that are a function of the Guaranteed Substantial Completion Date), or an increase to the Purchase Price (including by modification of the Substantial Completion Payment Amount), or any other compensation, relief or right or remedy based on, arising out of or relating to the subject matter of, or the claim addressed by, such Change Order.

  • The CTC may withhold from the Substantial Completion Payment a holdback amount that is [REDACTED] of the amount estimated by the Independent Certifier for the CTC to complete and rectify all such Minor Deficiencies (the “Completion Holdback”), which holdback shall be held in an interest bearing account.


More Definitions of Substantial Completion Payment

Substantial Completion Payment means $82,290,859.00 and is reflected on and may be modified in accordance with the provisions of Attachment “A”;
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Substantial Completion Payment has the meaning given in Schedule 21 – Construction Period Payments.
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Substantial Completion Payment means either the East Substantial Completion Payment or West Substantial Completion Payment, as applicable.
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Substantial Completion Payment has the meaning set forth in Section 1.1 of Exhibit 8 (Payment Mechanism).
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Related to Substantial Completion Payment

  • Substantial Completion Date means the date on which Substantial Completion occurs.

  • Completion Payment means the payment for the 20% of the Charges for each Apprenticeship that under the ESFA Rules is only paid once an Apprentice takes their end point assessment, including as the case may be Apprenticeships funded by Transferred Levy Funds;

  • Substantial Completion means the stage in the progress of the work as determined and certified by the Contracting Officer in writing to the Contractor, on which the work (or a portion designated by the Government) is sufficiently complete and satisfactory. Substantial completion means that the property may be occupied or used for the purpose for which it is intended, and only minor items such as touch-up, adjustments, and minor replacements or installations remain to be completed or corrected which:

  • Substantial Completion Certificate means the certificate issued and approved by the Authority indicating the date upon which the Trade Contractor Work (or a designated portion thereof) is Substantially Complete.

  • Guaranteed Substantial Completion Date or “Guaranteed Substantial Completion Dates” has the meaning set forth in Section 5.3B.

  • Final Completion Date means the date on which Final Completion occurs.

  • Final Completion means the date determined and certified by A/E and Owner on which the Work is fully and satisfactorily complete in accordance with the Contract.

  • project completion period means the period of sixty (60) months commencing from and expiring on for the construction and obtaining of Temporary Occupation Permit or Permits for the whole of the Development as provided in clause 3.3;

  • Final Completion Certificate has the meaning set forth in Section 11.6.

  • Project Completion Date means the date on which the Completion Certificate is issued;

  • Construction Completion Date means the date by which the overall development of the Project is completed in accordance with the provisions of this Agreement and when the Construction Completion Certificate is issued by the Independent Engineer as per Article 14.1.

  • Completion Date means the date of completion of the Services by the Service Provider as certified by the Procuring Entity

  • Substantial compliance means a level of compliance with these rules where any deficiencies pose no greater risk to resident health or safety than the potential for causing minor harm.

  • Improvement completion assurance means a surety bond, letter of credit,

  • Construction Completion Certificate means a document:

  • Completion Period means the period starting from the date of issue of "Order" and required to complete the work in all respect.

  • Virtual Completion means the premise is in the opinion of the Employer fit for occupation.

  • Completion Notice means a notice issued by the Developer in accordance with clause 6.1.

  • Project Completion means completion of the Redevelopment in accordance with this Agreement to the state where the whole of the Morley Shopping Centre, as so redeveloped, is capable of occupation for its intended purpose;

  • Target Completion Date has the meaning given such term in Section 3.3(b).

  • The Completion Date means the date of completion of the Works as certified by the Employer’s Representative.

  • Subproject means a specific water and/or sanitation Subproject financed or to be financed by a Subproject Grant (as hereinafter defined) provided from the proceeds of the Credit under Part C.1 of the Project;

  • Certificate of Substantial Completion means the certificate executed by the A/E, ODR and Contractor that documents to the best of A/E’s and ODR’s knowledge and understanding, Contractor’s sufficient completion of the work in accordance with the Contract, so as to be operational and fit for the use intended.

  • Construction Completion means physical construction of a cleanup action component is complete.

  • Project Completion Schedule means the progressive Project Milestones set forth in Schedule-J for completion of the Project Highway on or before the Scheduled Completion Date;

  • Scheduled Project Completion Date shall have the meaning specified in Section 6.3 (c);