Closing and Final Payment Terms Sample Clauses

Closing and Final Payment Terms. (1) Pre-Closing Walk Through and Punch List. (a) At or near Substantial Completion (as defined below) of any Work, or otherwise at Contractor’s discretion and request, Buyer shall engage in a “Pre-Closing Walk Through” with Contractor. The Parties will, in the exercise of good faith and reasonableness, mutually prepare a “Punch List” of Work and items that are incomplete or deficient. Thereafter, Contractor will, weather conditions and labor/materials permitting, use reasonable efforts to complete and remedy all items noted on the Punch List. Notwithstanding the foregoing, Contractor has no obligation to complete or remedy items on the Punch List that Contractor disputes. (b) No portion of the Contract Price shall be held back to secure completion of any or all items set forth on the Punch List. If Xxxxx holds back or attempts to hold back any part of the Contract Price based upon remaining Punch List items, Buyer will be in material breach of the Agreement and Contractor will cease all Work unless and until Buyer’s breach is cured. (c) Contractor, in its sole discretion, may agree in writing that a portion of the Final Payment may be escrowed with Contractor’s escrow agent until the Punch List is fully completed, with such portion not exceeding 100% of Contractor’s estimated value of such remaining Punch List work, however, Buyer expressly acknowledges and agrees that Contractor is under no obligation to agree to any amounts being escrowed due to Punch List work.
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Closing and Final Payment Terms. ( 1) Pre-Closing Walk Through and Punch List. (a) At or near Substantial Completion (as defined below) of any Work, or otherwise at Contractor’s discretion and request, Buyer shall engage in a “Pre-Closing Walk Through” with Contractor. The Parties will, in the exercise of good faith and reasonableness, mutually prepare a “Punch List” of Work and items that are incomplete or deficient. Thereafter, Contractor will, weather conditions and labor/materials permitting, use reasonable efforts to complete and remedy all items noted on the Punch List. Notwithstanding the foregoing, Contractor has no obligation to complete or remedy items on the Punch List that Contractor disputes. (b) No portion of the Contract Price s hall be held back to secure completion of any or all items set forth on the Punch List. If Buyer holds back or attempts to hold back any part of the Contract Price based upon remaining Punch List items, Buyer will be in material breach of the
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Related to Closing and Final Payment Terms

  • ACCEPTANCE AND FINAL PAYMENT Final payment may be requested by the Contractor upon completion and acceptance, by the Town, of all work as set forth in the Contract Documents. The total amount of final payment shall consist of the Contract Price, as adjusted in accordance with approved change orders, if applicable, less all previous payments to the Contractor.

  • FINAL COMPLETION AND FINAL PAYMENT 9.9.1 Upon receipt of written notice that the Work is ready for final inspection and acceptance and upon receipt of a final Application for Payment, the Architect will promptly make such inspection and, when he or she finds the Work acceptable under the Contract Documents and the Contract fully performed, he or she will promptly issue a final Certificate for Payment stating that to the best of his / her knowledge, information and belief, and on the basis of his or her observations and inspections, the Work has been completed in accordance with the terms and conditions of the Contract Documents and that the entire balance found to be due the Contractor, and noted in said final Certificate, is due and payable. The Architect's final Certificate for Payment will constitute a further representation that the Contractor has fulfilled the conditions entitling him or her to final payment as set forth in Subparagraph 9.9.2 of these General Conditions.

  • Billing and Payment Terms Customer will be billed monthly in advance of the provision of Internet Data Center Services, and payment of such fees will be due within thirty (30) days of the date of each Exodus invoice. All payments will be made in U.S. dollars. Late payments hereunder will accrue interest at a rate of one and one-half percent (1 1/2%) per month, or the highest rate allowed by applicable law, whichever is lower. If in its judgment Exodus determines that Customer is not creditworthy or is otherwise not financially secure, Exodus may, upon written notice to Customer, modify the payment terms to require full payment before the provision of Internet Data Center Services or other assurances to secure Customer's payment obligations hereunder.

  • Price Schedule, Payment Terms and Billing, and Price Adjustments (a) Price Schedule: Price Schedule under this Contract is set forth in Exhibit B.

  • Pricing and Payment Terms Customer Payment terms shall be as set forth in the Master Agreement.

  • Billing and Payment Procedures and Final Accounting 6.1.1 The Connecting Transmission Owner shall xxxx the Interconnection Customer for the design, engineering, construction, and procurement costs of Interconnection Facilities and Upgrades contemplated by this Agreement on a monthly basis, or as otherwise agreed by those Parties. The Interconnection Customer shall pay all invoice amounts within 30 calendar days after receipt of the invoice.

  • Additional Payment Terms a. On-Site Expenses. Customer will be billed for the expenses incurred in connection with the performance of any services, training, consulting or other services provided on-site at Customer’s location (including in connection with launching the Services), including the reasonable travel and per day expenses of each trainer or consultant. Pre-scheduled services which are to be performed on-site at Customer’s location may not be cancelled or re- scheduled within thirty (30) days of the beginning of such pre-scheduled services. In the event that Customer cancels or reschedules pre-scheduled on-site services within such thirty (30) day period, Customer shall be required to reimburse Company for any pre-paid non-cancellable pre-scheduled expenses associated with the on- site services.

  • Price; Payment Terms Prices for the Goods and/or Services will be set out in the applicable Order. Price increases or charges not expressly set out in the Purchase Order shall not be effective unless agreed to in advance in writing by Xxxxx. Supplier will issue all invoices on a timely basis. All invoices delivered by Supplier must meet Buyer’s requirements, and at a minimum shall reference the applicable Purchase Order. Buyer will pay the undisputed portion of properly rendered invoices thirty (30) days from the invoice date. Buyer shall have the right to withhold payment of any invoiced amounts that are disputed in good faith until the parties reach an agreement with respect to such disputed amounts and such withholding of disputed amounts shall not be deemed a breach of this Agreement nor shall any interest be charged on such amounts. Notwithstanding the foregoing, Xxxxx agrees to pay the balance of the undisputed amounts on any invoice that is the subject of any dispute within the time periods specified herein. The seller must invoice for the entire purchase order within 180 days of delivery, or forfeit payment of those portions that were not invoiced.

  • Billing, Payment, Milestones, and Financial Security 6.1 Billing and Payment Procedures and Final Accounting

  • Five-Tier Copayment Structure This prescription drug plan formulary has a five-tiered copayment structure. The copayment for a prescription drug will vary by tier. The tier placement of a prescription drug on our formulary is subject to change. For more information about our formulary, and to see the tier placement of a particular prescription drug, visit our website or call our Customer Service Department. Below indicates the tier structure for this plan and the amount that you are responsible to pay. You will be responsible for paying the lowest cost of either your copayment, the retail cost of the drug, or the pharmacy allowance. We reserve the right not to accept manufacturer coupons, discount plan payments or other cost share assistance program payments for prescription drug copayments and/or deductibles. Insulin Prescription Drugs In accordance with RIGL § 27-20.8-3, copayments for insulin prescription drugs will not exceed $40 for each thirty-day supply and are not subject to a deductible. Summary of Pharmacy Benefits Covered Benefits Network Pharmacy Non-network Pharmacy (+) Preauthorization is required for thisservice. Please see Preauthorization in Section 3 for more information. You Pay You Pay Prescription Drugs, other than Specialty Prescription Drugs, and Diabetic Equipment and Supplies (which includes Glucometers, Test Strips, Lancet and Lancet Devices, Needles and Syringes, and Miscellaneous Supplies, calibration fluid): When purchased at a Retail Pharmacy: For maintenance and non-maintenance prescription drugs, a copayment applies for each 30-day period (or portion thereof) within the prescribeddosing period. Prorated copayments for a shorter supply periodmay apply for network pharmacy only. See Prescription Drug section for details. For tiers 1, 2, and 3: Up to a 90-day supply of maintenance and non-maintenance prescription drugs is available at certain network retail pharmacies and a 365-day supply for contraceptive prescription drugs is available at all network pharmacies. A copayment will apply for each 30-day supply. For more information about pharmacies offering this option, visit our website. Tier 1: $10 Not Covered Tier 2: $30 Not Covered Tier 3: $50 Not Covered Tier 4: $75 Not Covered Tier 5: See specialty prescription drug section below. Not Covered When purchased at a Mail Order Pharmacy: Up to a 90-day supply of maintenance and non- maintenance prescription drugs. Tier 1: $25 Not Covered Tier 2: $75 Not Covered Tier 3: $125 Not Covered Tier 4: $225 Not Covered Tier 5: See specialty prescription drug section below. Not Covered

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