Final Settlement Certificate and Payment Sample Clauses

Final Settlement Certificate and Payment. ( 1 ) The deadline for the Employer to complete the review and approval of the Final Settlement Application Form and issue the Final Settlement Certificate: It shall be implemented in accordance with the national and municipal regulations on completion settlement. . ( 2 ) The deadline for the Employer to complete payment: Same as general terms .
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Final Settlement Certificate and Payment. (1) Unless otherwise specified in the Special Terms and Conditions of the Contract, the Employer shall finish review and approval and issue Final Settlement Certificate to the Contractor within 14 days after receiving the Final Settlement Application Form submitted by the Contractor. In the event that the Employer fails to finish the review and approval and raises no objection within the time limit, it shall be deemed that the Employer agrees with the Final Settlement Application Form submitted by the Contractor and that the Final Settlement Application Form submitted by the Contractor is deemed to be issued since the 15th day after the Employer receives the Final Settlement Application Form submitted by the Contractor. (2) Unless otherwise specified in the Special Terms and Conditions of the Contract, the Employer shall make the payment within 7 days after the Final Settlement Certificate is issued. In the event that the Employer fails to make the payment within the time limit, the Employer shall pay liquidated damages according to the benchmark interest rate issued by the People’s Bank of China for the loan of the same kind in the same period. In the event that the Employer delays in making the payment for more than 56 days, the Employer shall pay liquidated damages according to the interest rate twice as much as the benchmark interest rate issued by the People’s Bank of China for the loan of the same kind in the same period. (3) In the event that the Contractor has any objection to the Final Settlement Certificate issued by the Employer, the objection shall be handled according to [Dispute Settlement].
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Final Settlement Certificate and Payment. (1) Time limit for the Employer to complete the approval of the final settlement application forms and to issue the final settlement certificate: within 2 weeks upon completion acceptance. (2) Time limit for the Employer to complete payment: within 2 weeks upon completion acceptance.
Sample 1
Final Settlement Certificate and Payment. ( 1 ) Unless otherwise agreed in the special contract terms, the employer shall complete the review and approval and issue the final settlement certificate to the contractor within 14 days after receiving the final settlement application form submitted by the contractor. If the employer fails to complete the review and approval within the time limit and does not propose any amendments, it shall be deemed that the employer agrees to the final settlement application form submitted by the contractor, and the final settlement certificate shall be deemed to have been issued 15 days after the employer receives the final settlement application form submitted by the contractor . ( 2 ) Unless otherwise agreed in the Special Contract Terms, the employer shall complete the payment within 7 days after the issuance of the final settlement certificate. If the employer fails to make payment within the prescribed time limit, he shall pay a penalty in accordance with the benchmark interest rate for the same type of loan issued by the People's Bank of China during the same period; if the payment is overdue for more than 56 days, he shall pay a penalty in accordance with twice the benchmark interest rate for the same type of loan issued by the People's Bank of China during the same period. ( 3 ) If the contractor has any objection to the final settlement certificate issued by the employer, it shall be handled in accordance with the provisions of Article 20 [Dispute Resolution].
Sample 1
Final Settlement Certificate and Payment. (1) Unless otherwise specified in the Special Terms of the Contract, the Project Owner shall complete the approval and issue the Final Settlement Certificate to the Contractor within 14 days upon receipt of the Final Settlement Application submitted by the Contractor. If the Project Owner fails to complete the approval and raises no suggestion on revision within the time limit, it shall be deemed that the Project Owner has approved the Final Settlement Application submitted by the Contractor and that the Final Settlement Certificate has been issued from the 15th day upon receipt of the Final Settlement Application submitted by the Contractor. (2) Unless otherwise specified in the Special Terms of the Contract, the Project Owner complete the payment within 7 days upon the issuance of the Final Settlement Certificate. If the Project Owner fails to pay within the time limit, it shall pay liquidated damages based on the benchmark interest rate for loans of the same period issued by the People's Bank of China. If the overdue payment exceeds 56 days, the Project Owner shall pay liquidated damages at twice the benchmark interest rate for loans of the same period issued by the People's Bank of China. (3) If the Contractor has an objection to the Final Settlement Certificate issued by the Project Owner, it shall be handled following Article 20 (dispute resolution).
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Final Settlement Certificate and Payment. (1) The deadline for the Project Owner to complete the review on the Final Settlement Application and issue the Final Settlement Certificate: Please refer to the Supplementary Terms
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Final Settlement Certificate and Payment. This Article in the General Terms of the Contract and the Special Terms of the Contract are amended as follows: (1) The Supervisor shall propose the amount payable by the Project Owner to the Contractor and expresses other review opinions within (7) days after receiving the Final Settlement Application submitted by the Contractor and submit the proposal to the Project Owner for its review. The Project Owner shall complete its review within (30) days after the Supervisor receives the Final Settlement Application and the Supervisor will issue Final Settlement Certificate signed and confirmed by the Project Owner to the Contractor. Where the Supervisor fails to make a specific proposal within the agreed time limit, the Contractor shall implement the provision of Article 4.3 of the Special Terms of this Contract, and the Final Settlement Application submitted by it shall not be deemed to have been approved. After the Project Owner receives the Final Settlement Application from the Contractor, unless it approves or accepts the same in writing affixed with its common stamp, any other act or omission by the Project Owner shall be deemed as the Project Owner's disapproval of the Final Settlement Application from the Contractor. (2) After the Supervisor issues Final Settlement Certificate, the Project Owner shall pay the amounts to the Contractor within the time limit specified in Article 12.4.1(4) of the Special Terms of this Contract. The following should be added following Article 14.4 of the General Terms of the Contract:
Sample 1
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Related to Final Settlement Certificate and Payment

  • Final Settlement Statement (a) As soon as practical and, in any event, no later than ninety (90) calendar days after the Closing Date, Sellers shall prepare and deliver to Buyer a statement (the “Final Settlement Statement”) setting forth Sellers’ calculation of the adjustments to the Purchase Price in accordance with Section 2.04. The Final Settlement Statement shall be prepared in accordance with this Agreement and on a basis consistent with the preparation of the Closing Statement as described in Section 2.04(d), and shall set forth Sellers’ calculation of the Adjusted Purchase Price. (b) Following the delivery of the Final Settlement Statement, Sellers shall afford Buyer the opportunity to examine the Final Settlement Statement and Sellers’ calculation of the Adjusted Purchase Price, and such supporting schedules and analyses as are reasonably necessary and appropriate in connection with such review. Sellers shall cooperate with Buyer in such examination, including responding to questions asked by Buyer, and Sellers shall make available to Buyer any records under Sellers’ control that are requested by Buyer in connection with such review. (c) If, within thirty (30) calendar days following delivery of the Final Settlement Statement to Buyer, Buyer has not delivered to Sellers written notice (the “Objection Notice”) of Buyer’s objections to the Final Settlement Statement or Sellers’ calculation of the Adjusted Purchase Price (which Objection Notice in order to be valid must contain a statement describing in reasonable detail the items objected to, the basis of such objections and Buyer’s calculation of the amount(s) for the items objected to that Buyer asserts should be used for purposes of the Final Settlement Statement), then the Adjusted Purchase Price as set forth in such Final Settlement Statement shall be deemed final and conclusive. In addition, any of Sellers’ calculations of the Adjusted Purchase Price as set forth in the Final Settlement Statement which are not objected to in the Objection Notice shall be deemed final and conclusive. (d) If Buyer delivers the Objection Notice satisfying Section 2.06(c) above, within such thirty (30)-day period, then Sellers and Buyer shall endeavor in good faith to resolve the objections of Buyer set forth in the Objection Notice for a period not to exceed fifteen (15) calendar days from the date of delivery of the Objection Notice. If at the end of such fifteen (15)-day period there are any objections that remain in dispute, then either Buyer or Sellers may require by written notice to the other that the remaining objections in dispute be submitted for resolution to the Dallas, Texas office of Xxxxx Xxxxxxxx LLP or to such other independent accounting firm as may be selected jointly by Buyer and Sellers within the ten (10) calendar days following a written request by Buyer or Sellers (Xxxxx Xxxxxxxx LLP or such jointly selected accounting firm, the “Referee”). The Referee’s engagement shall be limited to the resolution of disputed amounts set forth in the Final Settlement Statement that have been identified by Buyer in the Objection Notice, which resolution shall be in accordance with this Agreement and no other matter relating to the Final Settlement Statement shall be subject to determination by the Referee except to the extent affected by resolution of the disputed amounts. In connection with the engagement of the Referee, each of Buyer and Sellers shall execute any engagement, indemnity and other agreement as the Referee shall require as a condition to such engagement. If Xxxxx Xxxxxxxx LLP is unable or unwilling to serve as the Referee and Buyer and Sellers are unable to agree upon the designation of a Person as substitute arbitrator, then Buyer or Sellers, or either of them, may in writing request the Bankruptcy Court to appoint the substitute referee; provided that such Person so appointed shall be a national or regional accounting firm with no prior material relationships with Buyer or Sellers or their respective Affiliates and shall have experience in auditing companies engaged in oil and gas wellsite service activities. (e) The Referee shall determine such items of the calculation of the Adjusted Purchase Price as are disputed within thirty (30) calendar days after the objections that remain in dispute are submitted to it. (f) If any disputed items are submitted to the Referee for resolution, (i) each of Buyer and Sellers shall furnish to the Referee such workpapers and other documents and information relating to such disputed items as the Referee may request and are available to that Party or its Affiliates (or its independent public accountants) and will be afforded the opportunity to present to the Referee any materials relating to the determination of the matters in dispute and to discuss such determination with the Referee prior to any written notice of determination hereunder being delivered by the Referee; (ii) the Referee shall not assign a value to such objection that is greater than the greatest value for such objection claimed by either Party or less than the smallest value for such objection claimed by either Party; (iii) the determination by the Referee of items of the calculation of the Adjusted Purchase Price, as applicable, as set forth in a written notice delivered to Sellers and Buyer by the Referee, shall be made in accordance with this Agreement and shall be binding and conclusive on the Parties and shall constitute an arbitral award that is final, binding and unappealable (absent manifest error or fraud) and upon which a judgment may be entered by a court having jurisdiction thereof; and (iv) the fees and expenses of the Referee (the “Audit Fees”) shall be paid by and apportioned between Buyer and Sellers based on the aggregate dollar amount in dispute and the relative recovery as determined by the Referee or Sellers and Buyer, respectively (such that, by way of example, if the amount in dispute is $100 and it is resolved $70 in favor of Buyer and $30 in favor of Sellers, then Sellers would bear 70% of the Audit Fees and Buyer would bear 30% of the Audit Fees).

  • Final Settlement The Parties agree and acknowledge that this Compromise Agreement shall constitute a final settlement between the Parties. This Compromise Agreement resolves only issues addressed in the Compromise Agreement.

  • Prepayment Certificate Concurrently with any prepayment of the Loans pursuant to Sections 2.14(a) through 2.14(e), Borrower shall deliver to Administrative Agent a certificate of an Authorized Officer demonstrating the calculation of the amount of the applicable net proceeds or Consolidated Excess Cash Flow, as the case may be. In the event that Borrower shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, Borrower shall promptly make an additional prepayment of the Loans in an amount equal to such excess, and Borrower shall concurrently therewith deliver to Administrative Agent a certificate of an Authorized Officer demonstrating the derivation of such excess.

  • Payment Calculation District shall pay Contractor at a rate of $ per . District shall pay Contractor as described in attached Exhibit A

  • Settlement Class Certification The Settling Parties agree, for purposes of this settlement only, to the certification of the Settlement Class. If the settlement set forth in this Settlement Agreement is not approved by the Court, or if the Settlement Agreement is terminated or cancelled pursuant to the terms of this Settlement Agreement, this Settlement Agreement, and the certification of the Settlement Class provided for herein, will be vacated and the Litigation shall proceed as though the Settlement Class had never been certified, without prejudice to any Person’s or Settling Party’s position on the issue of class certification or any other issue. The Settling Parties’ agreement to the certification of the Settlement Class is also without prejudice to any position asserted by the Settling Parties in any other proceeding, case or action, as to which all of their rights are specifically preserved.

  • Full and Final Settlement 21.1 This agreement is in full and final settlement of all Union or employee claims relating to employee rights and entitlements. Accordingly, the Union or employees shall not pursue any extra claims, nor take any industrial or protest action concerning any matter explicitly or implicitly dealt with in this agreement. 21.2 In any event: (a) Any work that commences or resumes on a day or shift following a stoppage of work not authorised by management, shall attract ordinary time rates of pay until the full duration of the normal ordinary time period has actually been worked, so that employees shall not be over compensated for work that would have been done in ordinary time but for the stoppage. (b) The Union or employees under this agreement shall not encourage or incite employees (or other persons) not covered by this agreement to take industrial or protest action of any kind.

  • Preliminary Settlement Statement Seller and Buyer shall execute and deliver the Preliminary Settlement Statement.

  • Certification of the Settlement Class For purposes of this Settlement only, the Parties stipulate to the certification of the Settlement Class, which is contingent upon the Court entering the Final Approval Order and Judgment of this Settlement and the occurrence of the Effective Date.

  • CONTRACT EXHIBIT I PREFERRED PRICING AFFIDAVIT This preferred-pricing affidavit is entered into in accordance with section 216.0113, F.S., and as required by Contract No. 80101507-21-STC-ITSA (“Contract”) between (“Contractor”) and the Department of Management Services. As the person authorized by Contractor to sign this affidavit, I attest that the Contractor is in full compliance with the preferred-pricing clause of the Contract. Contractor’s Name: By: Signature Printed Name/Title Date: STATE OF COUNTY OF Sworn to (or affirmed) and subscribed before me this day of , by Vendor Name: FEIN# Vendor’s Authorized Representative Name and Title: Address: City, State, and Zip code: Phone Number: ( ) - E-mail: CORPORATE SEAL (IF APPLICABLE) (Print, Type, or Stamp Commissioned Name of Notary Public) [Check One] Personally Known OR Produced the following I.D.

  • Contractual Settlement Date Accounting (a) Bank shall effect book entries on a "contractual settlement date accounting" basis as described below with respect to the settlement of trades in those markets where Bank generally offers contractual settlement day accounting and shall notify Customer of these markets from time to time.

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