5Payment. (a) On each relevant Settlement Date, each Originator, in accordance with the allocation made by the relevant Servicer, must use the relevant Available Amounts in the relevant Eligible Currency to pay the Costs (other than the Servicing Fee and the Backup Servicing Fee) that have become due and payable in the corresponding Eligible Currency in accordance with the priority of payments and allocations described in Clause 8 (Waterfall) and Schedule 5 (Purchase Price).
(b) The payment of the fees shall occur through the settlements according to the Waterfall and the Ledger allocations and shall be evidenced through the Calculation and Payment Report provided by the Purchaser or the Transaction Administrator, as the case may be, directly to the Performance Guarantor or the relevant Servicer, for the account of itself and the relevant Originator. The Purchaser or the Transaction Administrator, as the case may be, will supply the Servicers with reasonable details and justification of any such fees.
5Payment. All payments shall be made as per the conditions set forth in the work order after the City’s receipt and approval of vendor’s invoice and a service delivery report documenting what progress has been made on the work to be performed under this Agreement since the date of the invoice most recently submitted by the vendor. In the event that the City pays within ten (10) days of receipt of invoice, a 3% prompt pay discount will be taken. The aggregate amount set forth in the work order represents the full and final amount to be paid by the City for all hardware, software, and/or services rendered and for all investigation, analysis, design, and supervision performed, and all labor, supplies, materials, equipment or use thereof provided, and for all other expenses incurred and incidentals necessary to complete the work to provide a fully integrated and operational System. The City shall not be obligated to pay any other compensation, fees, charges, prices or costs, nor shall vendor charge any additional compensation for completing the work order of the Statement of Work. All costs invoiced to the City, shall be associated with an active and open work order. Payment does not constitute whole or partial acceptance of work performed; City acceptance of shall only occur by formal written notice to that effect.
5Payment. The Participant shall pay all Service Fees and any Miscellaneous Charges within [thirty (30)] days following the date of invoice by HIO sent to the Participant’s address as shown in HIO’s records or e-mailed in accordance with the Participant’s Participation Agreement.
5Payment. The AOC will make payment for all proper, undisputed invoices within sixty (60) Days after receipt. 6Reasons to Withhold Payment The AOC may withhold payment, in whole or in part, to the extent reasonably necessary to protect the AOC if, in the AOC's opinion, the representations to the AOC required herein cannot be made. The AOC may withhold payment, in whole, or in part, to such extent as may be necessary to protect the AOC from loss because of, but not limited to:
5Payment. The Seller must issue the Buyer with a valid tax invoice for an amount equal to the Fixed Price multiplied by the Sold Australian Carbon Credit (“Payment Amount”).
5Payment. 1Each Party shall pay or cause to be paid on or before the Invoice Due Date, all amounts that become due and payable by such Party to the other Party pursuant to an invoice issued under a Confirmation Notice. Such payments shall be made in USD, or other agreed currency, and shall be made by wire transfer in immediately available funds for good value in the United States or other country, as applicable, to such account or accounts with such bank and in such location designated by Seller in the Confirmation Notice or separately designated by Buyer.
5Payment. Landlord shall reasonably estimate the Overhead Rent that will be payable for each Comparative Year during the Lease Term. Tenant shall pay an amount equal to one-twelfth of its Allocated Share of the estimated Overhead Rent for the Comparative Year monthly in advance, together with the payment of Base Rent. Should any assumptions used in creating a budget change, Landlord may adjust, from time-to-time, the estimated monthly Overhead Rent payments to be made by Tenant by notice to Tenant. After the conclusion of each calendar year, Landlord shall furnish Tenant a detailed statement of the actual Real Estate Taxes, Operating Costs, and Capital Costs for the year (an “Annual Statement”); and an adjustment shall be made between Landlord and Tenant with payment to or repayment by Landlord, as the case may require. Tenant waives and releases any and all objections or claims relating to Overhead Rent for any calendar year unless, within 30 days after Landlord provides Tenant with the Annual Statement of the actual Real Estate Taxes, Operating Costs, and Capital Costs for the calendar year, Tenant provides Landlord notice that it disputes the statement and specifies the matters disputed. If Tenant disputes the statement then, Tenant shall continue to pay the Rent in question to Landlord in the amount provided in the disputed statement pending resolution of the dispute.
5Payment. Termination of this Agreement for any reason shall not release Purchaser or Capstone from paying any amount that such Party may then owe to the other Party and such amounts shall become immediately due and payable on the date of termination. Termination does not relieve Purchaser of the obligation to pay for Products or Parts ordered prior to either notice of termination of this Agreement or the termination of this Agreement and shipped by Capstone. In the event Capstone does not ship an Order, as permitted by Section 11.4, the Order shall be deemed cancelled and shall be subject to the provisions of the order cancellation policy as stated in Section 5.6.
5Payment. (a) Subject to Section 9.6:
(i) the Purchaser shall pay the Seller the amount shown on an invoice delivered in accordance with Section 9.4(a) and Section 9.4(c), less deductions for any Disputed amounts on or before the thirtieth (30th) Day following the Day the invoice is received by the Purchaser; and
(ii) the Seller shall pay the Purchaser the amount shown on an invoice delivered in accordance with Section 9.4(b), less deductions for any Disputed amounts or portions of amounts shown in the invoice, on or before the thirtieth (30th) Day following the Day the invoice is received by the Seller (in each case, the “Due and Payable Date”); provided, that if such date is not a Business Day, the Due and Payable Date shall be the next following Business Day.
(b) Any invoice delivered pursuant to this Article IX shall be paid in Rupees. In the case of an invoice delivered by the Purchaser under Section 9.4(b)(ii)(A), it shall be paid in equivalent Rupees at the Exchange Rate (as defined in Schedule 1) prevailing on the date of payment.
(c) Each Party shall have the right to set off any amounts due and payable by it to the other Party under this Agreement against any and all amounts then due and payable to it by the other Party under this Agreement. Such rights of set-off shall relate only to undisputed amounts that are then due and payable to and by a Party, or amounts determined by the Expert or through arbitration under Article XVIII to be payable.
(d) Late payments by either Party of amounts due and payable under this Agreement shall bear interest at a rate per annum equal to the Delayed Payment Rate, prorated Daily.
(e) The Purchaser’s obligation to pay any amounts under this Agreement shall remain in full force and effect, and shall not be affected by the provisions of the Guarantee, except to the extent that the Purchaser’s obligation to the Seller has been discharged in accordance with the Guarantee.
(f) Payments received by either Party shall be applied against undisputed outstanding invoices on the ‘first in, first out’ principle, so that the undisputed invoices outstanding the longest (in whole or in part) shall be paid first.
(g) The Purchaser shall have no obligation to pay the Supplemental Tariff, including Pass-Through Items or other payments required under Section 9.2, unless the supporting information and data stipulated in Section 9.2 are provided to it.
5Payment. Payment of the Monthly Maintenance charges will be made in advance on or before the 7th day of each and every month for which the same shall be payable. The initial amount of the same will be provisionally assessed by the Sub Lessor and be paid to the Sub Lessor till such time the Holding Organization is formed and the management and control of the common portions exclusively for the Commercial Blocks, is handed over to the Holding Organization. by the Sub Lessor for maintenance. The maintenance charges will become payable on and from the Possession Date.
