Financial Conditions. (a) The Recipient shall maintain or cause to be maintained records and accounts adequate to reflect in accordance with sound accounting practices the operations, resources and expenditures in respect of the Project of the departments or agencies of the Recipient responsible for carrying out the Project or any part thereof.
(b) The Recipient shall:
(i) have the records and accounts referred to in paragraph (a) of this Section including those for the Special Account for each fiscal year audited, in accordance with appropriate auditing principles consistently applied, by independent auditors acceptable to the Bank;
(ii) furnish to the Bank as soon as available, but in any case not later than six months after the end of each such year, the report of such audit by said auditors, of such scope and in such detail as the Bank shall have reasonably requested; and
(iii) furnish to the Bank such other information concerning said records and accounts and the audit thereof as the Bank shall from time to time reasonably request.
(c) For all expenditures with respect to which withdrawals from the GEF Trust Fund Grant Account were made on the basis of statements of expenditure, the Recipient shall:
(i) maintain or cause to be maintained, in accordance with paragraph
(a) of this Section, records and accounts reflecting such expenditures;
(ii) retain, until at least one year after the Bank has received the audit report for the fiscal year in which the last withdrawal from the GEF Trust Fund Grant Account was made, all records (contracts, orders, invoices, bills, receipts and other documents) evidencing such expenditures;
(iii) enable the Bank’s representatives to examine such records; and
(iv) ensure that such records and accounts are included in the annual audit referred to in paragraph (b) of this Section and that the report of such audit contains a separate opinion by said auditors as to whether the statements of expenditure submitted during such fiscal year, together with the procedures and internal controls involved in their preparation, can be relied upon to support the related withdrawals.
Financial Conditions. The Material is transmitted : free of charge in counterpart of the amount of ……………….. € to reimburse the PROVIDER for its preparation and distribution costs. In this case, INSERM shall send an invoice, which shall mention the methods of payment (delay, account) to the Institution to the address mentioned in front page herein to the attention of Investigator or any other person expressly designated.
Financial Conditions. In consideration of the Activities performed and the provision of the Counterpart, SANOFI shall pay to RECIPIENT the following amount: twenty five thousand (25,000) DKK. The Counterpart is split as follows:
Financial Conditions. If a faculty member is on a half pay leave, Oakland's contribution to the Multiple Option Retirement Program on behalf of the eligible faculty member shall continue as if the faculty member were not on leave. However, Oakland's contribution will be limited to the maximum employer pension contribution that is non-taxable, as permitted by applicable Federal tax regulations.
Financial Conditions. In consideration of the rights granted to BIOPHYTIS pursuant to this LICENSE AGREEMENT, BIOPHYTIS undertakes to pay to SATT LUTECH, in its capacity as the agent of the ESTABLISHMENTS, the amounts set forth in this article.
Financial Conditions. The financial conditions and grants allocated to the Parties for the completion of the Project are specified in the Project Description. Grants shall be distributed by the Project Leader specified in Schedule 1, or in the absence of a Project Leader, by the Executive Board, always in accordance with Project Description.
Financial Conditions. The financial conditions of the issuance and sale of the Securities will be determined in accordance with Article 16 (c) and (h) of Law 31 of 1992 and the regulations of the Colombian Central Bank (Banco de la República), including External Resolution No. 1 of 2018 issued by the board of directors of the Colombian Central Bank (Banco de la República), as amended or supplemented.
Financial Conditions. In consideration of the Activities performed and the provision of the Counterpart, SANOFI shall pay to RECIPIENT the following amount: thirty thousand (30,000) DKK excl. VAT. The Counterpart is split as follows:
Financial Conditions. The Borrowers shall ensure that:
Financial Conditions. 5.1 Upon signing the Contract, the Customer is obliged to pay the total setup fee amount and full amount of the Annual Subscription Fee (as defined below) for the first year. Then on each anniversary date Customer shall pay the full amount of the Annual Subscription Fee for the subsequent years as specified in the 2. ANNUAL BILLING article of the purchase order. Prices are firm and non-refundable. The prices are fixed in USD and are exclusive of applicable taxes, which remain at the Customer's expense. The Customer irrevocably undertakes to pay in accordance with the payment terms defined in the purchase order: ● a flat fee corresponding to the cost of iteration of the parameterization of the Application Service (the "Setup fee"); ● an annual fee established based on the number of Users authorized to subscribe for the Solution, the Application Service and the Services (the "Annual Subscription Fee"); ● any expenses corresponding to additional services, such as training, technical assistance, travel expenses invoiced monthly and/or services not included in the subscription of the Solution, ordered by the Customer according to the terms of the purchase order or any subsequent order form. The subscription of licenses for additional Authorized Users during the Contract is carried out at the list price in force on the date of subscription. The Annual Subscription Fee per Additional Authorized User will be billed pro rata temporis for the current year. In the event of early termination of the Contract by the Customer, the full annual subscription fee for the period remaining until the end of the Initial Term or Additional Term becomes immediately due and payable to the Service Provider.
5.2 The Customer acknowledges and agrees that the Service Provider reserves the right to revise the amount of the Annual Subscription Fee and any other charges applicable prior to each renewal of the Contract[Option A: on the basis of the increase in the Syntec Index according to the following formula: P1 = P0 x (S1 / S0) where P0 denotes the price in effect on the revision date; P1 denotes the revised price; S0 denotes the value of the Syntec index published on the date of the previous price revision or the first price revision on the Effective Date; and S1 denotes the value of the Syntec index on the date of the price revision][Option B: up to ten percent (10%) of the current price].
5.3 Amounts due under the Contract shall be invoiced in arrears. The payment term is set at thi...
