Assignment of Financial Deductions and Incentives to Subcontractors Sample Clauses

Assignment of Financial Deductions and Incentives to Subcontractors. Subject to the mandatory payment and dispute resolution provisions in Section 17.5 of the Project Agreement and Section 2.(b) of Part A of Schedule 16 (Mandatory Terms), the Developer may assign financial deductions and incentives associated with Small Business and Workforce Goals to Subcontractors pursuant to the terms of the relevant Subcontractor’s Subcontract, provided that the Enterprises Accept the terms of such assignment and financial consequences prior to execution of the relevant Subcontract (provided that no such Acceptance is required with respect to any such assignment to a Principal Subcontractor). Any Developer request for the Enterprise’s Acceptance shall include the relevant Subcontract terms and a description of how the Developer will monitor and assist the relevant Subcontractor’s efforts at achieving the desired small business and/or workforce participation in connection with such assignment. Any such proposed assignment must also be proportionate to the amount and type of work to be provided by the relevant Subcontractor. Notwithstanding any assignment of financial deductions and incentives associated with Small Business and Workforce Goals being made, no such assignment Central 70 Project: Project Agreement Execution Version Schedule 15 (Federal and State Requirements) (including, for certainty, an assignment to a Principal Subcontractor) shall relieve the Developer of its responsibility in meeting its Small Business and Workforce Goals outlined in Sections 6.2 and 6.3 of this Schedule 15.
Sample 1
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Related to Assignment of Financial Deductions and Incentives to Subcontractors

  • Payments to Subcontractors Develop and implement a procedure for the review, processing and payment of applications by subcontractors for progress and final payments.

  • PAYMENT TO SUB-CONTRACTORS 12.1 Transnet reserves the right, in its sole discretion, to make payment directly to the sub-contractor of the Supplier/Service Provider, subject to the following conditions:

  • Documentation of Accounts Maintained as of June 30, 2014 With respect to Reportable Accounts maintained by a Reporting Financial Institution as of June 30, 2014:

  • ASSIGNMENT AND SUB-CONTRACTING 19.1 The Contractor shall not assign or sub-contract any obligations under the Contract without the prior consent of the Authority, which shall not be unreasonably withheld or delayed. Sub-contracting any part of the Contract shall not relieve the Contractor of any of its obligations or duties.

  • Permitted assignment and charges The restraints set forth in Clause 36.1 shall not apply to:

  • Payment to Subcontractors (If applicable) As required by Minnesota Statute § 16A.1245, the prime Contractor must pay all subContractors, less any retainage, within 10 calendar days of the prime Contractor’s receipt of payment from the State for undisputed services provided by the subContractor(s) and must pay interest at the rate of one and one-half percent per month or any part of a month to the subContractor(s) on any undisputed amount not paid on time to the subContractor(s).

  • GEOGRAPHIC AREA AND SECTOR SPECIFIC ALLOWANCES, CONDITIONS AND EXCEPTIONS The following allowances and conditions shall apply where relevant: Where the company does work which falls under the following headings, the company agrees to pay and observe the relevant respective conditions and/or exceptions set out below in each case.

  • Additional Procedures Applicable to High Value Accounts 1. If a Preexisting Individual Account is a High Value Account as of December 31, 2013, the Reporting [FATCA Partner] Financial Institution must complete the enhanced review procedures described in paragraph D of this section with respect to such account by December 31, 2014. If based on this review, such account is identified as a U.S. Reportable Account, the Reporting [FATCA Partner] Financial Institution must report the required information about such account with respect to 2013 and 2014 in the first report on the Account. For all subsequent years, information about the account should be reported on an annual basis.

  • Customs Duties on Exports and Charges Having Equivalent Effect 1. From the date of the entry into force of this Agreement no new customs duties on exports or charges having equivalent effect shall be introduced in trade between the Parties.

  • Requirements Pertaining Only to Federal Grants and Subrecipient Agreements If this Agreement is a grant that is funded in whole or in part by Federal funds:

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