Agreement and Method of Payment Sample Clauses

Agreement and Method of Payment. Once all negotiations are finalized and documented and the grant application and grant budget are adjusted to reflect the outcomes of the contract negotiations, the grant agreement can be prepared for signing. The grant application and grant budget are an integral part of the agreement. The grant agreement will be prepared in two copies; both original copies of the grant agreement shall be signed and stamped by the authorized persons on behalf of the MA and the SAIP. Both the MA and the SAIP will receive an original signed copy. No advance payments or any financial transfer will be released to the partner until the duly signed original agreements are received by the MA and participation of the relevant project staff in the MA’s Pre-disbursement Trainings. ESAP2 makes use of an advance payment mechanism. Based on a request for advance payment (see annex L), to be submitted by the SAIP to the MA, a first advance payment can be transferred to the SAIP. SAIPs need to report on the use of the advance payment in their Quarterly Financial and Narrative Reports (see also section 3.3.1). Only after approval of both Quarterly Reports, a new advance payment request can be submitted by the SAIP to the MA. The SAIP can thus itself ensure that sufficient funds to implement the activities are at its disposal by submitting the required Quarterly Reports timely and in accordance with the required standards. Final clearance of the advances received will take place upon receipt and approval of the Audit Reports (see section 3.3.1.3).
Sample 1
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Related to Agreement and Method of Payment

  • Time and Method of Payment (Amounts Distributed by the Administrative Agent). Except as otherwise provided in Section 4.02, all amounts payable to any Funding Agent or Investor hereunder or with respect to the Series 2019-1 Class A-1 Advance Notes shall be made to the Administrative Agent for the benefit of the applicable Person, by wire transfer of immediately available funds in Dollars not later than 3:00 p.m. (Eastern time) on the date due. The Administrative Agent will promptly, and in any event by 5:00 p.m. (Eastern time) on the same Business Day as its receipt or deemed receipt of the same, distribute to the applicable Funding Agent for the benefit of the applicable Person, or upon the order of the applicable Funding Agent for the benefit of the applicable Person, its pro rata share (or other applicable share as provided herein) of such payment by wire transfer in like funds as received. Except as otherwise provided in Section 2.07 and Section 4.02, all amounts payable to the Swingline Lender or the L/C Provider hereunder or with respect to the Swingline Loans and L/C Obligations shall be made to or upon the order of the Swingline Lender or the L/C Provider, respectively, by wire transfer of immediately available funds in Dollars not later than 3:00 p.m. (Eastern time) on the date due. Any funds received after that time on such date will be deemed to have been received on the next Business Day. The Master Issuer’s obligations hereunder in respect of any amounts payable to any Investor shall be discharged to the extent funds are disbursed by the Master Issuer to the Administrative Agent as provided herein or by the Trustee or Paying Agent in accordance with Section 4.02, whether or not such funds are properly applied by the Administrative Agent or by the Trustee or Paying Agent. The Administrative Agent’s obligations hereunder in respect of any amounts payable to any Investor shall be discharged to the extent funds are disbursed by the Administrative Agent to the applicable Funding Agent as provided herein whether or not such funds are properly applied by such Funding Agent.

  • Compensation and Method of Payment Subject to any limitations set forth below or elsewhere in this Agreement, District agrees to pay Consultant the amounts specified in Exhibit B “Compensation”. The total compensation, including reimbursement for actual expenses, shall not exceed Four Thousand Five Hundred Dollars ($4,500.00), unless additional compensation is approved in writing by the District.

  • Purchase Price and Method of Payment Buyer shall pay and Seller shall accept the purchase price for the Business as follows:

  • Method of Payment Payment of the aggregate Exercise Price shall be by any of the following, or a combination thereof, at the election of the Optionee:

  • Method of Salary Payment Section One. Workers'

  • Method of Payment to Global Agent All sums payable to the Global Agent hereunder shall be paid (i) in immediately available or same-day funds to such account with such bank in the principal financial center of the currency in which the Notes are denominated as the Global Agent may specify in a notice to Freddie Mac or (ii) as the Global Agent may from time to time otherwise specify in a notice to Freddie Mac.

  • Method of Pay (a) Bi-weekly pay rates shall be derived from monthly rates in accordance with the following formula: monthly rate x 12 = bi-weekly rate

  • Method of Payback The employee must choose one (1) of the following options for paying back the overpayment:

  • Method of Compensation It is understood by the parties that, insofar as pay is concerned, employees temporarily filling a position in a higher broadband level shall be paid according to the same compensation method as promoted employees pursuant to the Rules of the State Personnel System.

  • Period of Payment 12.10.1 Accident pay does not apply in respect of any injury during the first 5 normal workings days of incapacity.

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