Passthru payments means any withholdable payment and any "foreign passthru payment," which is currently not defined. The current proposed FATCA regulations (“Proposed Regulations”) state that the Internal Revenue Service and the U.S. Treasury have determined, that withholding on “foreign passthru payments” is not required, pending further guidance and analysis. The Proposed Regulations provide that such withholding will not be effective before the date that is two years after the publication of final regulations defining the term “foreign pass-thru payment”.
Earn-Out Payments has the meaning set forth in Section 2.3(a).
Earnout Payments has the meaning set forth in Section 2.2(a).
Minimum Payments $50 (with respect to all funds in the aggregate.)
Service payments means payments to the private entity of a qualifying project pursuant to a service contract.