Annual Payment Schedule Sample Clauses

Annual Payment Schedule. This purchase plan provides for three annual payments for enrollments purchased within the BPA ordering period. The second and third payments will be due on the anniversary date of the initial purchase. Note that the term of the enrollment can vary based on customer requirements. Buyers should consider the use of options when issuing orders with an annual payment schedule and are responsible for compliance with all fiscal laws. Note that perpetual license rights do not convey for the full quantity of ordered licenses unless the full three year enrollment term is completed. The effect of an enrollment termination (failure to exercise an option) is fully explained in Attachment B. The following examples are provided to illustrate the rights acquired under a desktop configuration Enterprise Agreement enrollment. Example 1 New Desktop Configurations: Nine new software licenses are required. Under a three year enrollment that uses an annual payment schedule, perpetual use rights convey each year for one third of the license quantity -- Year 1 The base year included in the order acquires the following rights for the nine licenses: Option (Year 2) The option year, if exercised, acquires the following rights: Option (Year 3) The option year, if exercised, acquires the following rights:
Sample 1Sample 2Sample 3See All (4)
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Annual Payment Schedule a. For a person retiring prior to age 60, the maximum annual benefit as computed in “B” shall be allowed and shall be payable in equal annual installments over a minimum of five years, subject to the provision outlined in “C”. a. For a person retiring at age 60, the maximum annual benefit as computed in “B” shall be allowed and shall be payable over a five year period in five annual installments. b. For a person retiring at age 61, the allowable benefit shall be the maximum annual benefit as computed in “B” and shall be payable over a four year period in four annual installments. c. For a person retiring at age 62, the allowable benefit shall be the maximum annual benefit as computed in “B” and shall be payable over a three years period in three equal annual installments. d. For a person retiring at age 63, the allowable benefit shall be the maximum annual benefit as computed in “B” and shall be payable over a two year period in two equal annual installments. e. For a person retiring at age 64, the allowable benefit shall be the maximum annual benefit as computed in “B” and shall be payable within a one year period in one installment.
Sample 1Sample 2
Annual Payment Schedule. This purchase plan provides for three annual payments for enrollments purchased within the ordering period specified in Paragraph 4 above. The second and third payments will be due on the anniversary date of the initial purchase. See Attachment A for the appropriate CLINs when ordering a second or third year under an existing enrollment.
Sample 1Sample 2
Annual Payment Schedule. This purchase plan provides for three annual payments for enrollments purchased within the BPA ordering period. The second and third payments will be due on the anniversary date of the initial purchase. Note that the term of the enrollment can vary based on customer requirements. Buyers should consider the use of options when issuing orders with an annual payment schedule and are responsible for compliance with all fiscal laws. Note that perpetual license Example 1 New Desktop Configurations: Nine new software licenses are required. Under a three year enrollment that uses an annual payment schedule, perpetual use rights convey each year for one third of the license quantity -- Year 1 The base year included in the order acquires the following rights for the nine licenses: Option (Year 2) The option year, if exercised, acquires the following rights: Option (Year 3) The option year, if exercised, acquires the following rights:
Sample 1
Annual Payment Schedule. The Annual Payments set forth in section 4.B above shall be paid as follows: No later than 45 days after the last day of each calendar quarter during the Term, 24/7 shall pay to Lycos the greater of (i) the applicable Royalty amount during the calendar quarter (the “Quarterly Royalty”), or (ii) subject to Section 4.D, ¼ of the Annual Minimum Payment for the applicable year of the Term (the “Quarterly Minimum Payment”).
Sample 1
Annual Payment Schedule. Project Entity shall arrange for payment of net sale proceeds for VERs as per clause 3.01 to SPE within one month of receipt of remittance into the Designated Bank Account from the Trustee, or within two days of receipt of Verification Report from DOE for the corresponding year, which ever is later. However in the sole discretion of the Project Entity payment may be released prior to receipt of Verification Report if the SPE submits security/undertaking to the satisfaction of Project Entity for repaying the amount to the extent of difference arising from the Verification Report.
Sample 1
Annual Payment Schedule. On October 1 of each fiscal year thereafter, BSO will calculate the total contribution due for the upcoming year. BSO will provide a listing of the bargaining unit members upon which the contribution is based. Local 4321 shall allow BSO thirty (30) days to make payment.
Sample 1
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Related to Annual Payment Schedule

  • Payment Schedule The purchase price for timber sold under this contract shall be paid in advance as follows: The first payment shall be paid within 30 days of the notification of high bid or before operating, whichever occurs first. The first payment shall be 10 percent of the total estimated bid value. The total estimated bid value shall be the sum obtained by multiplying the estimated timber volumes by the prices given in Section 44 less the amount of the project work. Cash bid deposits shall be applied to the initial payment. Subsequent payments shall be made in advance of timber removal when log hauling begins. Each payment shall be made before the value of timber removed equals one-half an advance payment or within the time period stated on the billing if PURCHASER is more than one-half of a payment in advance. The amount of each advance payment shall be calculated by dividing the total estimated bid value less the initial payment by 9; with the total estimated bid value being the sum obtained by multiplying the estimated timber volumes by the prices given in Section 44 less the amount of the project work. STATE may accept partial payment, upon written request, if logging is inactive. However, the full amount of advance payment is paid before logging resumes. Partial payment must be sufficient to maintain a payment deposit equal to one-half of a regular advance payment. The total purchase price shall be calculated after all log scale is reported by multiplying prices in Section 44 by the scaled volume. STATE shall refund any advance payment in excess of the total price, or PURCHASER shall pay any deficit within 30 days of notice. PURCHASER's deposit account shall not accrue interest payable to PURCHASER.

  • Annual Payment During each calendar year, an employee may choose to receive payment for up to twenty (20) hours of accrued vacation leave or compensatory time. Request for payment may be made in November or December of each year. Such payment shall be made during the month of November or December and will be granted only if the employee has taken at least forty (40) hours of vacation/compensatory time during the calendar year. Such payment shall be at the base hourly rate only, no add-ons.

  • Repayment Schedule Repayments shall be made semiannually (twice per year). The Semiannual Loan Payment shall be computed based upon the principal amount of the Loan plus the estimated Loan Service Fee and the principle of level debt service. The Semiannual Loan Payment amount may be adjusted, by amendment of this Agreement, based upon revised information. After the final disbursement of Loan proceeds, the Semiannual Loan Payment shall be based upon the actual Project costs, the actual Loan Service Fee and the Loan Service Fee capitalized interest, if any, and actual dates and amounts of disbursements, taking into consideration any previous payments. Actual Project costs shall be established after the Department's inspection of the completed Project and associated records. The Department will deduct the Loan Service Fee and any associated interest from the first available repayments following the Final Amendment. Each Semiannual Loan Payment shall be in the amount of $140,599 until the payment amount is adjusted by amendment. The interest portion of each Semiannual Loan Payment shall be computed on the unpaid balance of the principal amount of the Loan, including Capitalized Interest. Interest also shall be computed on the unpaid balance of the Loan Service Fee. Interest shall be computed as of the due date of each Semiannual Loan Payment. Semiannual Loan Payments shall be received by the Department beginning on October 15, 2021 and semiannually thereafter on April 15 and October 15 of each year until all amounts due hereunder have been fully paid. Funds transfer shall be made by electronic means. The Semiannual Loan Payment amount is based on the total amount to be repaid of $5,105,900, which consists of the Loan principal and the estimated Loan Service Fee.

  • Additional Payment Terms All payments must be made in U.S. dollars and delivered to us at any one of our branch offices or to the address shown on the monthly statement. If we receive your payment before 5:00 p.m. (Mountain Standard Time) on a business day, at the address shown on the front of your monthly statement or at any of our branch offices, we will credit your payment as of the date of receipt. All other payments will be credited to your Account on the next business day following receipt. We may accept late or partial payments as well as payments marked “PAID IN FULL” or other restrictive endorsements, without losing any of our rights under this Agreement and without such payments constituting full accord and satisfaction of the debt. If you make payments using personal checks, and your financial institution refuses to pay the check and returns it to us, you agree to pay a Return Payment Fee. If your loan Account balance is less than the minimum payment amount you must pay the entire balance. You may repay all or part of what you owe at any time. However, so long as you owe any amount you must continue to make your periodic minimum payment. Your minimum monthly payment will be allocated to your account in accordance with all applicable laws and regulations. Personal Identification Number. We will issue you a Personal Identification Number (“PIN”) to be used with your Card. You agree not to write this PIN on your Card, and not to carry your PIN with you at the same time as you carry your Card. We will treat any charge made by you using your Card and PIN as having been authorized by you. If you keep your PIN with the Card, we can refuse to reissue your Card. Change of Terms. We can change the terms of this Agreement, including all fees, other charges and Annual Percentage Rate, at any time, subject to applicable laws and regulations. Events of Default. You are in default if you fail to pay the minimum payment listed on each billing statement on time, file for bankruptcy, exceed your credit limit without our permission, or default on this or any other Nusenda Federal Credit Union Card Agreement you have with us. If you are in default, we may close your Account and require a shorter amortization of your account balance, subject to applicable laws and regulations. No notice is required. We may also declare the whole balance due if you die, if you make false or misleading statements on your application, or if other creditors attach or garnish your property. If you have given us a security interest in a share Account, share draft Account, or certificate of deposit, we may use the deposit amount to pay any amount you owe us. Collection Costs. If we have to refer collection of your Account to a lawyer (who is not our salaried employee), to the extent permitted by law, you will have to pay our attorney’s fee plus court costs and any other fees.

  • Prompt Payment Schedule Except as otherwise provided by law or regulation or in Sections 504.4 and 504.5 of this Exhibit, the Date of Payment by NYSERDA of an amount properly due and owing under this Agreement shall be no later than thirty (30) calendar days, excluding legal holidays, after Receipt of a Proper Invoice.

  • Additional Payment In addition to any Spousal Support, in the event of Divorce: (check one)

  • Payment Scheduling The earliest possible Scheduled Payment Date for each Xxxxxx will be designated within the portion of the Site through which the Service is offered when you are scheduling the payment. Therefore, the Service will not permit you to select a Scheduled Payment Date less than the earliest possible Scheduled Payment Date designated for each Xxxxxx. When scheduling payments you must select a Scheduled Payment Date that is no later than the actual Due Date reflected on your Xxxxxx statement unless the Due Date falls on a non-Business Day. If the actual Due Date falls on a non-Business Day, you must select a Scheduled Payment Date that is at least one (1) Business Day before the actual Due Date. Scheduled Payment Dates must be prior to any late date or grace period. Depending on the method of payment, your Eligible Transaction Account may be debited prior to the Scheduled Payment Date. For example, if the selected method of payment is a draft, the draft arrives earlier than the Scheduled Payment Date due to expedited delivery by the postal service, and the Xxxxxx immediately deposits the draft, your Eligible Transaction Account may be debited earlier than the Scheduled Payment Date.

  • Annual Payments The Settling Distributors shall make eighteen (18) Annual Payments, each comprised of base and incentive payments as provided in this Section IV, as well as fifty percent (50%) of the amount of any Settlement Fund Administrator costs and fees that exceed the available interest accrued in the Settlement Fund as provided in Section V.C.5, and as determined by the Settlement Fund Administrator as set forth in this Agreement. 1. All data relevant to the determination of the Annual Payment and allocations to Settling States and their Participating Subdivisions listed on Exhibit G shall be submitted to the Settlement Fund Administrator no later than sixty (60) calendar days prior to the Payment Date for each Annual Payment. The Settlement Fund Administrator shall then determine the Annual Payment, the amount to be paid to each Settling State and its Participating Subdivisions included on Exhibit G, and the amount of any Settlement Fund Administrator costs and fees, all consistent with the provisions in Exhibit L, by: a. determining, for each Settling State, the amount of base and incentive payments to which the State is entitled by applying the criteria under Section IV.D, Section IV.

  • Compensation Schedule Except as otherwise provided herein, employees shall be compensated within the pay range assigned to the classification of the position in which they are employed and in accordance with the pertinent conditions of employment enumerated in this Agreement. Sec. 503 REGULAR PAY DAY: Employees shall be paid on or about the Friday following the end of the biweekly payroll period.

  • Salary Schedule The salaries of employees covered by this agreement are set forth in the salary schedule in Appendix A which is attached to and incorporated into this agreement.

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