CONTRIBUTION PAYMENTS. 3.1 Subject to the terms and conditions contained herein, SDTC shall pay to the Eligible Recipient up to the lesser of: (a) 23.1 %of the Eligible Project Costs, or (b) $12,000,000 (the “Contribution”), payable in installments as provided in Schedule C attached hereto. SDTC shall not make any payment on account of any cost incurred by the Eligible Recipient prior to October 1, 2017 or in excess of the costs set out in the Budget attached hereto as Schedule C. Any Person that does not have legal capacity in Canada or Excluded Recipient may collaborate with the Eligible Recipient in relation to the Project, and may contribute in-kind or advisory work, or perform work under contract to the Eligible Recipient, provided that such parties do not receive direct funding from SDTC. The Eligible Recipient acknowledges that a portion of the Contribution is being provided indirectly by the Funding Partner under the Shared Cost Arrangement Agreement, and that SDTC is facilitating the payment of such portion by accepting payment from the Funding Partner and including such amounts in the Contribution provided for under this Agreement.
3.2 Notwithstanding any other provision of this Agreement:
a) the Contribution shall not exceed fifty percent (50%) of the Eligible Project Costs for the Project;
b) the Eligible Recipient shall contribute a minimum of twenty-five percent (25%) of the Eligible Project Costs for the Project in cash, in-kind goods or services, or a combination thereof;
c) SDTC shall not have any obligation to pay the Contribution, or any installment thereof, unless SDTC has received sufficient allocated funds from the Government of Canada and the Funding Partner to enable it to make such Contribution;
d) SDTC shall not have any obligation to pay the Contribution, or any installment thereof, unless the Eligible Recipient(s), on or before each Payment Date, has established, to the satisfaction of SDTC, that the Eligible Recipient through enforceable commitments or otherwise, has the financial capacity to finance the Project; and
e) the Eligible Recipient shall declare and certify to SDTC in writing all direct sources of funding for the Project, whether in place, requested or anticipated to be requested, including Government Funding identified by specific government programs.
3.3 Installments of the Contribution shall be paid to the Eligible Recipient upon the achievement of various Project Milestones and upon receipt by SDTC and SDTC Acceptance of all required r...
CONTRIBUTION PAYMENTS. Planned Contributions as shown in the Policy Rider attached will be payable to MetLife, according to a mode of contribution payments that has been selected by the Policyholder. The amount of the Planned Contributions may be changed by the Policyholder from time to time. The Policyholder may skip Planned Contribution payments or change their frequency and amount if the Cash Surrender Value is large enough to pay the next Plan Deduction due. The Policyholder's first contribution may not be less than the Planned Contribution. Any contribution that is not a Planned Contribution is an Unplanned Contribution. Unplanned Contributions by the Policyholder cannot be less than the Minimum Unplanned Contribution indicated in the Policy Rider attached. MetLife reserves the right not to accept an Unplanned Contribution to the Fixed Account for up to 6 months from the date a partial Cash Withdrawal is paid from the Fixed Account to the Policyholder; however MetLife will accept an Unplanned Contribution if such Contribution is needed to keep the insurance coverage in force. See the Partial Cash Withdrawal provision.
CONTRIBUTION PAYMENTS. (a) There are three circumstances in which you will be required to make Contribution Payments to Powerbank:
i. The initial Contribution Payment required under clause 7;
ii. When a Low Balance Contribution Payment is requested under clause 8; and
iii. When a Consumption Contribution Payment is requested under clause 9;
(b) Your Powerbank Contribution Payments will be held in the Powerbank trust account in your name as beneficiary and may only be used to cover you for price variability in the electricity you purchase from us or an increase in your average electricity consumption. It is not a security deposit.
(c) Powerbank funds will be held in one or more separate interest-bearing trust account with a Tier 1 bank. Any movement of funds requires two signatories
(d) Beyond making a 100% Powerbank contribution under Clause 7 and Clause 8, in the unlikely event of a reduction in your Powerbank account below the levels defined in Clause 8, you may choose to make additional Contribution Payments under Clause 10.
(e) A sample Contribution Notification is set out in the schedule to this Powerbank Agreement.
CONTRIBUTION PAYMENTS. (a) There are four circumstances in which you will be required to make Contribution Payments to Powerbank:
i. The initial Contribution Payment required under Clause 7;
ii. When a low balance Contribution Payment is requested under Clause 8; and
iii. When a further Contribution Payment is requested under Clause 9;
iv. When you exit Powerclub, a final reconciliation required under Clause 14;
(b) Your Powerbank Contribution Payments will be held in the Powerbank trust account for your benefit and may only be used to cover you for price variability in the electricity you purchase from us or an increase in your average electricity consumption. It is not a security deposit.
(c) Powerbank funds will be held in one or more separate interest-bearing trust account with a Tier 1 bank. Any movement of funds requires two signatories from Directors and/or the Company Secretary.
(d) Beyond making a 100% Powerbank contribution under Clause 7 and Clause 8, in the unlikely event of a reduction in your Powerbank account below the levels defined in Clause 8, you may choose to make additional Contribution Payments under Clause 10.
(e) A sample Contribution Notification is set out in the schedule to this Powerbank Agreement.
CONTRIBUTION PAYMENTS. In the event of (a) any payment by either Seller of any amount in excess of the Repurchase Price due from such Seller and required to be repaid to the Buyer under the Repurchase Agreement (each such amount, as the same may be amortized pursuant to the Repurchase Agreement, an “Allocable Repurchase Price”), or
CONTRIBUTION PAYMENTS. Subject to the terms of this Agreement, SDTC will pay the Recipient a maximum of $3,850,000, which constitutes SDTC’s “Contribution”. The Contribution is payable in installments, as provided in the payment schedule in Schedule C. SDTC will not make any payment for Project costs incurred by the Recipient prior to the Project start date of February 1, 2021.
CONTRIBUTION PAYMENTS. The Company agrees to contribute funding for the total budget to the University for the performance of the Development Work in accordance with the costs and expenses set out in Schedule B - Project Budget. The parties further agree that the Company shall receive a credit under the Services Agreement equal to 125% of the total funding it provides to the University under this Agreement, which may be applied against amounts owed by the Company to the University under the Services Agreement.
CONTRIBUTION PAYMENTS. The Employer shall pay the required contributions on behalf of each Employee covered by the Agreement, on or before the 10th working day after the end of a weekly or monthly fringe benefit reporting period, depending on the reporting period applicable to the Employer. If the contributions are not actually received at the depository account or agent designated for contribution payments by such date, the payment shall be considered delinquent. The Service Corporation is the designated agent for receipt, collection and enforcement of contribution obligations, and is expressly designated as a fiduciary of the Employee Benefit Trusts for contributions receipt and collections. Effective upon notice to Employers from the Service Corporation,
CONTRIBUTION PAYMENTS. The non-Lead Agency Parties shall pay their respective shares of the approved annual operating budget to the Lead Agency by January 31st of 2025. The Lead Agency shall not send a bill, invoice, or reminder.
CONTRIBUTION PAYMENTS. The undersigned beneficiary commits to paying a monthly private pension savings contribution to Íslandsbanki, ID no. 491008-0160, as follows: % of the total paid salary. Other:
