Awards and Payments Sample Clauses

The 'Awards and Payments' clause defines the procedures and terms for distributing monetary awards or payments under the agreement. It typically outlines when and how payments will be made, the criteria for determining award amounts, and any conditions that must be met before payment is issued. For example, it may specify payment schedules, required documentation, or methods of payment transfer. This clause ensures that both parties have a clear understanding of financial obligations, reducing the risk of disputes over compensation and providing a transparent framework for handling payments.
Awards and Payments. In consideration of the work to be performed under this Agreement as set forth in Exhibit A, Sponsor shall provide financial support for the Study as set forth in the budget (the "Budget") attached hereto as Exhibit B and forming a part of this Agreement. The Budget for the first year of the Study, and extensions mutually agreed upon by the parties, shall be payable in accordance with the payment schedule included in Exhibit B, with the exception that the first such payment by Sponsor to University shall be due ninety (90) days from the Effective Date (as defined in Paragraph 6 below). Subject to the immediately succeeding sentence, the exact Budget for each year of the Study commencing after the first year shall be added to Exhibit at the same time the Research Protocol for such year is added to Exhibit A pursuant to Paragraph 1 and shall be part of the negotiations contemplated in Paragraph 1. Subject to Paragraph 7 of this Agreement, Sponsor shall provide University with sponsored research funding of ▇▇. ▇▇▇▇▇▇▇ ▇. Safe's laboratory at University in the amount of not more than $108,750 for each of the first three agreement years unless such greater amount is mutually agreed to by the parties hereto.
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Awards and Payments. Reimbursement will be made for each evaluable patient accrued to this trial at a rate of $ per patient. Payments will be made at the conclusion of each calendar quarter (March, June, September, December) for all evaluable patients accrued. The University of Texas __________ will be reimbursed at a rate of $ per occurrence for all patients not eligible for third party payment upon receipt by SPONSOR of appropriate invoice detailing study number, patient number date and cost of $_____.
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Awards and Payments. In consideration of the work to be performed under this Agreement, Sponsor will provide financial support for the Study in the amount of $300,000 with an additional $[***] in indirect costs (for research performed during the time period set forth in paragraph 1 and as more fully set forth in the budget (the "Budget") attached hereto and included as part of Exhibit A. The funding for the first year of the Study shall be made to Rutgers/UMDNJ by Sponsor according to the payment schedule included in Exhibit A, with the exception that the first such payment shall be made within thirty (30) days of the Effective Date (defined in Paragraph 6 below). The Budget and the payment schedule for each year of the Study commencing after the first year shall be added to Exhibit A at the same time the Research Protocol for such year is agreed upon in writing between the parties subsequent to the negotiations contemplated in paragraph 1. Payment for Research Protocols after the first year shall be made thirty (30) days after the Parties have agreed upon such Research Protocols in accordance with the immediately preceding sentence. A portion of the overhead costs normally expected by Rutgers/UMDNJ (57% of the direct costs) shall be deferred according to the following schedule: Year Research Funding Overhead Cost (%) Deferred Overhead (%) ---- ---------------- ----------------- --------------------- 1 $100,000 $[***] $[***] 2 $100,000 $[***] $[***] 3 $100,000 $[***] $[***] The total amount of the non-deferred Research Funding shall be $[***]. The total amount of [***] Confidential Treatment Requested 2 deferred overhead costs during the time period of the Agreement equals $[***]. Sponsor agrees to pay to Rutgers/UMDNJ this amount at such time as (a) Sponsor is selling the Licensed Products under the License Agreement and/or is in receipt of royalty income in excess of $[***] or (b) this Agreement is concluded.
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Awards and Payments. In consideration of the work to be performed under this Agreement, Company will provide financial support for the Study as set forth in the Budget attached hereto as Exhibit B. All payments shall be made payable to The Cleveland Clinic Foundation and directed to the following address: ▇.▇. ▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇-▇▇▇▇. Each payment voucher should reflect the Company's name, Protocol Number, and name of the Sponsor-Investigator. Institution's Federal Tax Identification Number is: ▇▇-▇▇▇▇▇▇▇.
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Awards and Payments. Awardee agrees to provide payment to the Study Site for Study Site’s milestones during the term of this Agreement, according to the attached benchmark payment schedule, which is incorporated and becomes a part of this Agreement as Exhibit B: Budget and Payment Schedule. Payment will be made to Payee designated in Exhibit C: Payee Information, attached hereto. Study Site certifies that the payment schedule in Exhibit B is adequate remuneration to compensate Study Site for its performance under this Agreement. For invoices and inquiries, please contact: Awardee to insert appropriate invoice and budget contact info here
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Related to Awards and Payments

  • ▇▇▇▇▇▇▇▇ and Payments ▇▇▇▇▇▇▇▇ and payments shall be sent to the addresses set out in Appendix F hereto.

  • Advances and Payments (a) On the date requested by the Borrower for the funding of each Loan, the Agent shall be authorized (but not obligated) to advance, for the account of each of the Lenders, the amount of the Loan to be made by it in accordance with provisions of Article 2 hereof. Each of the Lenders hereby authorizes and requests the Agent to advance for its account, pursuant to the terms hereof, the amount of the Loan to be made by it, and each of the Lenders agrees forthwith to reimburse the Agent in immediately available funds for the amount so advanced on its behalf by the Agent. If any such reimbursement is not made in immediately available funds on the same day on which the Agent shall have made any such amount available on behalf of any Lender, such Lender shall pay interest to the Agent at a rate per annum equal to the Agent's cost of obtaining overnight funds in the New York Federal Funds Market for the first day following the time when such Lender fails to make the required reimbursement, and thereafter at a rate per annum equal to the Alternate Rate. (b) Any amounts received by the Agent in connection with this Agreement or the Notes the application of which is not otherwise provided for, shall be applied, first, to pay accrued but unpaid Commitment Fees in accordance with the Lenders' unused Commitments, second, to pay accrued but unpaid interest on the Notes in proportion to the amounts owed to each Lender, third, to repay the principal balance outstanding on the Notes (allocated in accordance with the outstanding amounts thereof owing to each Lender as set forth on the Schedule of Commitments attached as Schedule 1.1 hereto) and fourth, to pay other amounts payable to the Agent. All amounts to be paid to any of the Lenders by the Agent shall be credited to the Lenders, after collection by the Agent, in immediately available funds either by wire transfer or deposit in such Lender's correspondent account with the Agent, or as such Lender and the Agent shall from time to time agree.

  • Costs and Payments During the period that Sprint PCS is curing a breach or operating the Service Area Network under this Section 11.6.3, Sprint PCS and Manager will continue to make any and all payments due to the other party and to third parties under this agreement, the Services Agreement and any other agreements to which such party is bound, except that Sprint PCS may deduct from its payments to Manager all reasonable costs and expenses incurred by Sprint PCS in connection with the exercise of its right under this Section 11.6.3. Sprint PCS' operation of the Service Area Network pursuant to this Section 11.6.3 is not a substitution for Manager's performance of its obligations under this agreement and does not relieve Manager of its other obligations under this agreement.

  • COMPENSATION AND PAYMENTS 1.1 The Owner shall pay the Contractor to furnish all labor, equipment, materials and incidentals necessary for the construction of the Work described in the Specifications and shown on the Drawings the Contract Amount as shown below. Base Bid $0.00 Alternate Bid number and name or "no Alternates" $0.00 Alternate Bid number and name or "no Alternates" $0.00 Alternate Bid number and name or "no Alternates" $0.00 Alternate Bid number and name or "no Alternates" $0.00 Alternate Bid number and name or "no Alternates" $0.00 1.2 The Contractor’s requisition shall contain sufficient detail and supporting information for the Owner to evaluate and support the payment requested. 1.2.1 Payments are due and payable twenty-five working days from the date of receipt of a Contractor requisition which is approved by the Owner. 1.2.2 Provisions for late payments are governed by 5 M.R.S. Chapter 144, Payment of Invoices Received from Business Concerns, and interest shall be calculated at 1% per month.

  • Prices and Payments 1. The price listed by the Contractor or otherwise the price commonly charged by the Contractor for the respective service is decisive, plus statutory value-added tax insofar as such is applicable. In case of transnational services, any possibly applicable taxes, fees, customs fees, and other charges (of any kind) incurred for the transnational service shall be borne by the Principal. 2. If, within the scope of contracts for the performance of a continuing obligation and long-term contracts, the Contractor's prime costs increase and such increase is not within the Contractor's own scope of responsibility, the Contractor is authorized to an appropriate price increase commensurate with the increase of its prime costs; if the Principal does not consent to such price increase it is authorized to terminate the Agreement within four weeks after receipt of such notification of a price increase; otherwise, the increase is deemed to be mutually agreed upon. A right to a price increase pursuant to this provision does not exist if the Principal is a Consumer. 3. The Principal shall pay the remuneration owed without any cash discounts, free of charge to the Contractor, and within two weeks after receipt of the invoice, to the bank account stated by the Contractor. Credit entry at the Contractor's account is decisive for the timeliness of the payment. The Contractor reserves the right to request appropriate installment payments and appropriate advance payments. 4. If the Agreement is based on a cost estimate, and if it turns out that the costs will be significantly higher than the amount estimated vis-a-vis the Principal, then the Contractor will inform the Principal of such in text form. In this case the Principal is authorized to terminate the Agreement in writing, within two weeks after receipt of such notification. In the event of a termination, the Contractor is authorized to request partial remuneration commensurate with the services already provided. Furthermore, the Contractor is authorized to request compensation for any expenses not included in the remuneration but incurred due to the provision of services. 5. If the Principal owes interest and expenses in addition to a possibly existing principal claim, any payment by the Principal that does not fully redeem the total sum will first be credited against expenses, secondly against interest, and lastly against the principal claim. 6. The Principal is entitled to offset and retention rights only if its counterclaims are legally ascertained, undisputed, or acknowledged in writing by the Contractor. This limitation does not apply to the Principal's claims for defects arising from the same contractual relation as the Contractor's payment claim. If the contract partner is a Consumer, then in contrast to clause 1, such contract partner is on principle entitled to unlimited retention rights for claims arising from the same contractual relation. 7. If, after conclusion of the Agreement, it becomes clear that the Contractor's claims vis-a-vis the Principal are at risk due to the Principal's lack of ability to perform, the Contractor is authorized to perform outstanding services only against advance payment or provision of a security as well as settlement of possibly still outstanding receivables for partial services already provided and arising from the Agreement, and - after unsuccessful expiration of a grace period - is authorized to withdraw from the Agreement; No. 4 clause 3 of this provision applies accordingly. 8. In case of payment default, the Principal owes default interest in the amount of 9 percentage points above the base interest rate if the Principal is an Entrepreneur; in the amount of 5 percentage points above the base interest rate if the Principal is a Consumer. The Contractor is entitled to assert further claims if it can prove higher damage to the Principal. The Contractor is furthermore entitled to charge a flat rate of € 40.00 if the Principal is an Entrepreneur. This shall also apply if the payment default relates to any kind of an installment. In case the Contractor may claim further compensation for damage, the flat rate has to be credited against such claims, . If the Principal is a Consumer the Contractor is entitled to charge a flat rate of € 5.00 per reminder. The Principal is entitled to provide evidence that the Contractor did not incur any damage or incurred significantly lower damage.