Day 1 REAN Payment Sample Clauses

Day 1 REAN Payment. The Day 1 REAN Payment is specific to the Go-Live of the DRS Scheme. If producers choose to continue to use existing SKUS (REAN) it creates a Day 1 risk to the DRS or the cost of redemption of items which, whilst not sold as Scheme Articles (as of the date of Go-Live) may be redeemed by consumers for deposit redemption after Go-Live. With the use of REANs there is no capability for the Return Point Operator and CSL to identify whether an individual article was sold before or after Go-Live and therefore whether a PF and deposit has been remitted to CSL. This payment covers this CSL liability for deposit redemption, retail handling fees and collection costs for such items which can now be redeemed by consumers but on which no deposit or Producer Fee has been paid. It is not possible to determine absolutely the quantum of articles which will be redeemed as no PoM data is collected pre Go-Live. CSL will raise an initial Day 1 REAN Payment (being the applicable producer fees including any relevant UK Surcharge and Deposit), set at three weeks of average forecasted REAN annual sales. Post go live we will be able to determine which of these REANs are being redeemed at a higher rate than comparable NEANs. On day 90 (and days 180 and 270) we will assess the amount of over redemption and accordingly raise charges to redress any shortfall. The Day 1 REAN Payment will be invoiced in line with the timetable detailed in Policy Paper 5. To mitigate this Day 1 REAN Payment the producer may reach commercial agreements with its customers to obtain stock figures as at Go-Live enabling that stock to be converted to Scheme Articles and allow those customers to sell the stock as Scheme Articles and remit the deposits to the producer. All parties involved in this conversion must pay/receive deposits as they would for any Scheme Article. If the Producer converts more than three weeks stock (corresponding to the Day 1 REAN Payment) they should inform Circularity Scotland immediately to arrange payment of the additional Deposits and Producer Fees NEANs Reporting The definition of NEAN is an EAN that is PoM no more than one month before go live. All NEANs in the supply chain on or before the 16th of August must be declared in the month one Placed on Market report. Circularity Scotland will use this for invoicing purposes. This will fall due in line with the accounting timetable in Policy Paper 5.
Sample 1
AutoNDA by SimpleDocs

Related to Day 1 REAN Payment

  • Down Payment The Mortgagor has contributed at least 5% of the purchase price for the Mortgaged Property with his/her own funds.

  • Termination Payment The final payment delivered to the Certificateholders on the Termination Date pursuant to the procedures set forth in Section 9.01(b).

  • E-PAYMENT Contractor agrees to accept all payments in United States currency via the State of Mississippi’s electronic payment and remittance vehicle. The agency agrees to make payment in accordance with Mississippi law on “Timely Payments for Purchases by Public Bodies,” which generally provides for payment of undisputed amounts by the agency within forty-five (45) days of receipt of invoice. Mississippi Code Annotated § 31-7-301 et seq.

  • Non-Payment The Borrower or any other Loan Party fails to pay (i) when and as required to be paid herein, any amount of principal of any Loan or any L/C Obligation, or (ii) within three days after the same becomes due, any interest on any Loan or on any L/C Obligation, or any fee due hereunder, or (iii) within five days after the same becomes due, any other amount payable hereunder or under any other Loan Document; or

  • Lump Sum Payment Upon award of the contract for this improvement, the LA will pay to the STATE, in lump sum, an amount equal to 80% of the LA’s estimated obligation incurred under this Agreement, and will pay to the STATE the remainder of the LA’s obligation (including any nonparticipating costs) in a lump sum, upon completion of the project based upon final costs. Method B - Monthly Payments. Upon award of the contract for this improvement, the LA will pay to the STATE, a specified amount each month for an estimated period of months, or until 80% of the LA’s estimated obligation under the provisions of the Agreement has been paid, and will pay to the STATE the remainder of the LA’s obligation (including any nonparticipating costs) in a lump sum, upon completion of the project based upon final costs.

  • Thirty Day Payments Upon receipt of a billing statement that complies with all invoice requirements set forth in this Article, the State shall make a good faith effort to pay the amount which is due and payable within thirty (30) days.

  • Payment Amount Payment for the Services shall be as follows: (choose one) ☐ - $______________________ for the Services (“Payment”). ☐ - At an hourly rate of $____ per hour (“Payment”). ☐ - Other. ______________________________________________ (“Payment”) If the Subcontractor asserts a claim which involves, in whole or in part, acts or omissions which are the responsibility of the Client or another person for whom a claim may be submitted, including but not limited to, claims for failure to pay, an extension of time, impacts, delay damages, or extra work, the Contractor shall present the Subcontractor's claim to the Client or other responsible party provided the Subcontractor presents to Contractor competent supporting evidence and in sufficient time for the Contractor to do so. The Subcontractor shall cooperate fully with the Contractor in any and all steps the Contractor takes in connection with prosecuting such a claim and shall hold harmless and reimburse the Contractor for all expenses, including legal expenses, incurred by the Contractor which arise out of the Contractor's submission of the Subcontractor's claims to the Client or other responsible party(ies). The Subcontractor shall be bound by any adjudication or award in any action or proceeding resolving such a claim.

  • Interim payment At the end of each of the periods indicated in Annex I the Contractor shall submit to the Agency a formal request for payment accompanied by those of the following documents which are provided for in the Special Conditions: ➢ an interim technical report in accordance with the instructions laid down in Xxxxx X; ➢ the relevant invoices indicating the reference number of the Contract and of the order or specific contract to which they refer;

  • Termination Payments In the event of termination of the Executive’s employment during the Employment Period, all compensation and benefits set forth in this Agreement shall terminate except as specifically provided in this Section 8.

  • Holiday Payment 4.1 Where an employee works on a holiday specified in Article 47 (Holidays) and opts for compensating leave under Article UN13.2 or COR13.2, he or she may elect, at that time, to receive, in addition to his or her entitlement under Article UN13.2 or COR13.2, further leave equal to the difference between the number of hours in the employee’s normal work day and his or her entitlement under Article UN13.2

Time is Money Join Law Insider Premium to draft better contracts faster.