Common use of Advance Payment in Full Clause in Contracts

Advance Payment in Full. Upon execution and delivery of this Agreement by Agency, Agency will deposit with CSXT a sum equal to the Reimbursable Expenses, as shown by the Estimate. Agency shall submit advance deposit payment to CSXT for Reimbursable Expenses in the amount set forth in Section 3.2 Estimate, with a copy of the CSXT Schedule PA form attached to this agreement, to the address on the CSXT Schedule PA form. If CSXT anticipates that it may incur Reimbursable Expenses in excess of the deposited amount, CSXT will request an additional deposit equal to the then remaining Reimbursable Expenses which CSXT estimates that it will incur. CSXT shall request such additional deposit by delivery of invoices to Agency. Agency shall make such additional deposit within thirty (30) days following delivery of such invoice to Agency.

Appears in 4 contracts

Samples: Preliminary Engineering Agreement, Preliminary Engineering Agreement, Preliminary Engineering Agreement

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Advance Payment in Full. Upon execution and delivery of this Agreement by Agency, Agency will deposit with CSXT a sum equal to the Reimbursable Expenses, as shown by the Estimate. Agency shall submit advance deposit payment to pay CSXT for Reimbursable Expenses in the amount set forth in Section 3.2 EstimateCSXT Schedule PA attached hereto, with a copy of which shall accompany the CSXT Schedule PA form attached to this agreement, to the address on the CSXT Schedule PA formadvance payment. If CSXT anticipates that it may incur Reimbursable Expenses in excess of the deposited amount, CSXT will request an additional deposit equal to the then remaining Reimbursable Expenses which CSXT estimates that it will incur. CSXT shall request such additional deposit by delivery of invoices to Agency. Agency shall make such additional deposit within thirty (30) days following delivery of such invoice to Agency.

Appears in 3 contracts

Samples: Preliminary Engineering Agreement, Preliminary Engineering Agreement, Preliminary Engineering Agreement

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