CONSIDERATION AND METHOD OF PAYMENT. 5.1 Once the Products have been accepted by Purchaser as prescribed in Article 3 herein, Seller shall submit an invoice for the cost and shall certify that the billing is true and correct. Services will be invoiced as they are rendered. Purchaser agrees to pay Seller in accordance with Mississippi law on “Timely Payments for Purchases by Public Bodies”, Sections 31-7-301, et seq. of the 1972 Mississippi Code Annotated, as amended, which generally provides for payment of undisputed amounts by the State within forty-five (45) days of receipt of the invoice. Seller understands and agrees that Purchaser is exempt from the payment of taxes. All payments shall be in United States currency. No payment, including final payment, shall be construed as acceptance of defective Products or incomplete work, and the Seller shall remain responsible and liable for full performance in strict compliance with the contract documents specified in the article herein titled “Entire Agreement”.
5.2 Acceptance by the Seller of the last payment from the Purchaser shall operate as a release of all claims against the State by the Seller and any subcontractors or other persons supplying labor or materials used in the performance of any work under this Agreement.
CONSIDERATION AND METHOD OF PAYMENT. 2.1 The Purchase Price of the Property shall be the sum of Four Thousand Dollars ($4,000.00) of lawful money of Canada, (the “Purchase Price”), plus applicable HST.
2.2 The Purchase Price shall be payable by Cheque, in trust, to the Vendor’s Solicitor in trust, or by such other means of payment as the Vendor may otherwise direct, on the Closing Date, subject to the adjustments stipulated within this Agreement.
2.3 In consideration of the Vendor agreeing to sell the Property to the Purchaser, the Purchaser agrees to purchase the Property from the Vendor.
CONSIDERATION AND METHOD OF PAYMENT. The total consideration allocated to provide the Scope of Services as set forth herein shall not exceed $10,000.00 to be billed at the rate of $100.00 per hour. Billing likely to exceed said amount shall require further authorization. Billing shall be made by Voucher only with itemized invoice attached. Vouchers shall be submitted periodically as work is performed on not less than a monthly basis. Payment by the City shall be made within thirty (30) days of the presentation of the Voucher. If employees of the City request services from the Consultant which exceed the Scope of Services contained in this Contract, the Consultant shall not perform the services requested until an amendment to the Contract has been approved by Resolution of the Board of Commissioners.
CONSIDERATION AND METHOD OF PAYMENT. (a) The undersigned agrees to pay cash consideration or cancellation of indebtedness (“Cash Consideration”) to purchase the number of Shares subscribed for hereunder in the amount set forth on the signature page, which represents the payment in full for all Shares subscribed hereunder for cash Cash Consideration and Stock consideration are collectively referred to herein as “Consideration.”
CONSIDERATION AND METHOD OF PAYMENT. A. The OWNER agrees to pay the CONSULTANT the amount of Four Hundred Forty-Four Three Hundred Nineteen and 00/100 Dollars ($444,319.00) for CDBG Grant Administration and Program Delivery .
B. For CDBG Grant Administration and Program Delivery Cost Services, the CONSULTANT will submit invoices specifying accomplishments toward meeting the tasks as specified in Attachment A. The invoice shall be submitted to the OWNER’s contract manager for review. Upon approval of the contract manager of their designated representative, the payment will be issued as soon as practicable.
C. All financial reports shall be submitted in detail sufficient for a proper pre- and post- audit thereof.
CONSIDERATION AND METHOD OF PAYMENT. A. Total. For the complete and satisfactory performance of this grant agreement, as determined by ARC, Grantee shall be paid by ARC a total sum not to exceed $1,000,000 of actual, reasonable and eligible project costs. Grantee shall pay, or cause to be paid, the non-ARC share of $1,000,000 in cash, contributed services, or in-kind contributions, as approved by ARC. Payments under this Agreement shall be made to the Grantee through the Tennessee Department of Economic and Community Development, as Fiscal Agent. The Grantee shall not incur any project-related costs nor begin construction without prior approval from the Fiscal Agent.
CONSIDERATION AND METHOD OF PAYMENT. 3.01 Subject to the terms and conditions of this Agreement, the Vendor hereby sells, assigns and transfers to the Purchaser and the Purchaser hereby buys from the Vendor the Purchased Assets for the aggregate sum of: (1) $5,171,173.00 (which sum represents 80% of the Purchase Price), subject to Adjustment as set out in paragraph 3.04; PLUS (2) that amount (the "Remaining Balance of the Purchase Price") as shall be determined in accordance with the terms of paragraph 3.05 herein; (both amounts together are referred to herein collectively as the "Purchase Price")
3.02 For all purposes (including federal and state income tax purposes), the parties agree to allocate the aggregate of the Purchase Price (as adjusted pursuant to the First Adjustment or the Second Adjustment - collectively referred to herein as the "Adjustment") among the Purchased Assets as follows (the "Allocation"): (i) $103,423.50 shall be allocated to the Fixed Assets owned by DKWS and listed on Schedule "B"; (ii) $103,423.50 shall be allocated equally to the covenants of DKWS, JWK, TK and the Trust as set forth in the Non-Competition Agreements attached as Schedule "F" hereto; (iii) $2,482,163.00 shall be allocated to the Goodwill, and (iv) $2,482,163.00 shall be allocated to the Purchased Book of Business. Each of Purchaser and Vendor shall file, in accordance with the Internal Revenue Code of 1986, as amended (the "Code"), an Asset Acquisition Statement on Form 8594 with its federal income tax return for the tax year in which the Closing Date occurs, and shall contemporaneously provide the other party with a copy of the Form 8594 being filed. The Form 8594 shall be consistent with the Allocation. Each of Purchaser and Vendor also shall file any additional Forms 8594 from time to time as are required to reflect any Adjustment to the Purchase Price as required hereunder or any alteration in the allocation required by the Purchaser's auditor, and again shall contemporaneously provide the other party with a copy of the additional Form 8594 being filed. If there is an Adjustment in the Purchase Price resulting from the application of Article 3.00 hereof, then the amounts allocated to Goodwill and the Purchased Book of Business shall each be reduced by an equal amount corresponding to one half of the Adjustment. Once the amount of the Remaining Balance of the Purchase Price has been determined then the parties hereto agree to allocate such amount equally between Goodwill and the Purchased Book o...
CONSIDERATION AND METHOD OF PAYMENT. No reimbursement shall be initiated by Xxxxxxxx County until both the MOU and LCA have been fully executed by all parties and the Xxxxxxxx County has been instructed to proceed by the Department. The Project set forth above shall be performed during the Project Term as stated herein for an amount to include reimbursement from the Department to Xxxxxxxx County for allowable costs not to exceed TWO HUNDRED FIVE THOUSAND TWO HUNDRED NINE DOLLARS AND TWENTY TWO CENTS ($205,209.22) in federal funding with a non-federal match of SIXTY EIGHT THOUSAND FOUR HUNDRED THREE DOLLARS AND EIGHT CENTS ($68,403.08) in state funding for a total project cost of TWO HUNDRED SEVENTY THREE THOUSAND SIX HUNDRED TWELVE DOLLARS AND THIRTY CENTS ($273,612.30). The federal share shall not exceed 75% of the actual construction contract amount, as determined through the competitive bid process. Xxxxxxxx County procurement guidelines and procedures will be followed. Xxxxxxxx County shall submit xxxxxxxx for all eligible costs expended by Xxxxxxxx County in the performance of this Contract. A standard billing format shall be followed including, but not limited to, any Contract Identifying Number. Billings shall be due and payable within thirty (30) days of receipt by the Department. The payment of any invoice for costs incurred or progress claimed shall not be deemed to convey the Department’s acceptance of the legitimacy or accuracy of the costs or progress represented by that invoice. Should the Department determine that a cost, even if paid, should be disallowed, and should Xxxxxxxx County not timely tender full payment or satisfaction, this determination of disallowance shall be considered a “claim” for purposes of the Article entitled disputes. Xxxxxxxx County agrees to follow a cost accounting practice which is in accordance with the standards, principles and procedures in COMAR 21.09 and the uniform practices of the profession as acceptable to the Department. For Contracts which provide for reimbursement for allowable costs, positive time records shall be provided with each progress report. No program income is anticipated.
CONSIDERATION AND METHOD OF PAYMENT. The annual consideration paid by the Recipient to the Provider for the shared services set forth herein shall not exceed $13,000.00.
1. Payments shall be made on a monthly basis at the end of each calendar month based on the actual wages incurred by the Provider during the relevant period.
2. Payments shall not begin until the Agreement is fully effective in accordance with the procedures set forth herein.
3. Monthly payments shall be based on calendar months. If there is a partial calendar month at the beginning or end of this Agreement the consideration shall be pro- rated for the portion of the month when services were provided.
CONSIDERATION AND METHOD OF PAYMENT a. Theater shall pay Producer a fee of $42,500 per week during the term, provided that if less than six (6) shows are presented in any week, subject to the next sentence, the amount paid to Producer for such week shall be reduced by $7,083.33 for each show less than six (6) that is presented. If the show is presented for any partial week at the beginning or end of a performance season, such fee shall be pro-rated based on days performed, but in no event shall any payment be made between January 1 and March 1 of any year. Payment shall be made on a weekly basis to Producer and made available to Producer each Monday morning before 10:00 a.m., Knoxville time, following the week's performance. Theater will be in default if payment is not made in full within ten (10) days of written notice of such nonpayment as provided herein.
