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 set forth in Section 5.7. “Unanticipated Conditions” has the meaning set forth in Section 7.4. “Warranty” has the meaning set forth in Section 8.1(b).
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Examples of Substantial Completion Payment in a sentence

  • Seller shall include with such Change Notice the best information and documentation then reasonably available to Seller to support any change proposed by Seller to the Purchase Price (including the Substantial Completion Payment Amount) or the Guaranteed Substantial Completion Date based on such claim.

  • If Buyer adds new Work or reduces the scope of Work by a Buyer Discretionary Change initiated after the Closing and prior to the Substantial Completion Payment Date, any Purchase Price adjustment shall be effectuated through a payment by Buyer to Seller or a decrease of the Substantial Completion Payment Amount, as applicable, based on the best cost adjustment information reasonably available to Seller and Buyer at the time of such adjustment.

  • Any dispute regarding a Change Notice for Force Majeure or Buyer-Caused Delay submitted by Seller to Buyer (including any provisional Change Order under this Section 8.6(b)) prior to the Substantial Completion Payment Date must be resolved between Seller and Buyer prior to the Substantial Completion Payment Date.

  • The Substantial Completion Payment Date shall be extended day for day for each day that the Project Performance Test Results show that the Minimum Performance Test Requirements have not been achieved.

  • 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.

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

  • 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.

  • Project Co acknowledges that the Substantial Completion Payment is subject to Construction Period Deductions in accordance with Schedule 21 - Construction Period Failures to this Project Agreement.

  • The term of this Agreement shall commence on the Project Substantial Completion Payment Date (the “Commencement Date”) and shall continue for a period of [ (_)]1 years after the Commencement Date (the “Term”); provided that (a) beginning on the second (2nd) anniversary of the Commencement Date and continuing each year of the Term 1 Note to O&M Contractor: Please provide quotes for 2-, 3-, 4-, and 5-contract year terms for ELL’s consideration.

  • 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.


More Definitions of Substantial Completion Payment

Substantial Completion Payment has the meaning in Paragraph 5.9 of this Contract.
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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 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 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 required date for Substantial Completion of the Project. The Substantial Completion Date can be adjusted only by written Change Order.

  • 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.