Financial Provisions Clause Samples

Financial Provisions. Any cooperative activities envisaged or undertaken under this Agreement shall be subject to the availability of resources and to the laws, regulations and policies of the Parties. Costs of cooperative activities shall be borne in such manner as may be mutually determined from time to time between the Parties.

Financial Provisions. 4.1 In consideration of the rights granted under this Agreement the DOW will pay to CDT or its designated Affiliate, a royalty on all sales of Polyfluorene-Based Materials for light emission applications and for use in Photovoltaic and Photodetector devices. This royalty will be: a royalty of [**] percent ([**]%) of DOW’s Net Sales [**]. The obligation to pay a royalty shall cease after [**] or with the last to expire valid Licensed Patent having a claim which would be infringed by Polyfluorene Based Materials sold by DOW, which ever comes later. The Net Sales shall not include sales to CDT or its Affiliates. 4.2 The royalties payable pursuant to Section 4.1 shall be paid within sixty (60) days after each Quarter during the period of this Agreement. DOW shall submit to CDT a written report showing: (a) Net Sales of all Polyfluorene-Based Material; and (b) the amount of the royalties payable pursuant to Section 4.1 in respect thereof. 4.3 All royalties or other sums payable under this Agreement shall be paid in US Dollars (US$), and where the underlying price in respect of which any royalty is so payable is stated in a currency other than US$, it shall be converted into US$ by reference to the average of the relevant daily buying and selling rates of CitiBank, New York for the currency in question over the Quarter in question. 4.4 All sums payable pursuant to this Agreement are exclusive of value added tax or other applicable taxes or duties for which DOW shall be additionally liable and shall be paid in cleared funds to such bank account as CDT may from time to time nominate, without any set off, deduction or withholding except such amount (if any) of tax as DOW is required to deduct or withhold by law. If DOW is required by law to make any tax deduction or withholding, DOW shall do all things in its power which may be necessary to enable or assist CDT to claim exemption therefrom under any double taxation or similar agreement from time to time in force and shall from time to time give CDT proper evidence as to the deduction or withholding and payment over of the tax deducted or withheld. 4.5 If DOW makes any default in payment of the royalties due hereunder the amount due shall bear interest, compounded monthly at the U.S.A. Prime Rate plus [**] percent [**], prorated daily until payment of said unpaid royalty and interest is made in full. The U.S.A. Prime Rate shall be deemed to be that quoted in the “Money Rates” table of the Wall Street Journal publish...

Financial Provisions. 1. Prices shall be expressed in euro (€) and shall not be affected by any changes in the rate of the euro against other currencies. Prices shall be fixed and not subject to revision for the first year of performance of the contract. Prices shall not vary according to the amount of services requested. 2. The Contractor may not assign financial claims on the Agency. 3. Invoices shall indicate the contract number and shall be sent to the Agency at the address and to the contact person as referred above. 4. Payments shall be made into the contractor’s bank account as mentioned in the specific agreement.

Financial Provisions. 7.1 You are responsible for: (a) the setup of the Merchant Account with the Merchant Acquiring Bank and the bank’s processor; and (b) any and all set the Merchant Account. 7.2 NCR Voyix cannot guarantee that the chosen Merchant Acquiring Bank can accept Transactions via the EMV PSP Service. NCR Voyix reserves the right to charge you an additional development fee to cover costs in the event that the Merchant Acquiring Bank requires NCR Voyix or its third-party suppliers to complete an accreditation procedure with respect to the EMV PSP Service or the Terminal.

Financial Provisions. The Sponsor (through CRO, if applicable) will provide funding in support of the Clinical Trial, as set out in Annex 3. All payments shall occur on the conditions as set out in this Annex 3. In the event that amendments to the Protocol require changes to the Clinical Trial financing arrangements, an amended financial schedule will be agreed upon and signed by the Parties which will replace the existing Annex 3. If the Agreement is terminated for one of the reasons in clauses 12.2, 12.3 or 12.5, except for material breach by the Institution and/or the Principal Investigator under clause 12.2.f, and subject to an obligation on the Institution and the Principal Investigator to mitigate any loss, the Sponsor (through CRO, if applicable) shall pay all fees and expenditures falling due for payment to the Principal Investigator and/or the Institution up to the date of termination in accordance with Annex 3, and also all expenditure falling due for payment after the date of termination which arises from uncancellable commitments reasonably and necessarily incurred by the Principal Investigator and/or Institution for the performance of the Clinical Trial prior to the date of termination, in accordance with Annex 3. In the case of termination for material breach by the Institution and/or the Principal Investigator under clause 12.2.f, and subject to an obligation on the Institution and the Principal Investigator to mitigate any loss, Sponsor (through CRO, if applicable) shall pay all fees and expenditures falling due for payment of properly performed services up to the date of the material breach by the Institution and/or the Principal Investigator in accordance with Annex 3. In case of termination for fraud, bribery or corruption, Sponsor will not pay for fees and expenditures directly related to such fraud, bribery or corruption. In the event of early termination, if payment has been made by the Sponsor (through CRO if applicable) to the Institution or the Principal Investigator in advance for work not completed in accordance with Article 13.3, the Institution and/or the Principal Investigator shall issue a credit note and repay the remainder of the monies within 45 days of receipt of written notice from the Sponsor and/or CRO

Financial Provisions. 3.1. Maximum CMHC Funding is available by Initiative and by Fiscal Year as set out below: New Brunswick Priorities Canada Community Housing2 2019-2020 $8,214,100 $1,636,100 2020-2021 $5,266,600 $4,722,000 2021-2022 $4,455,000 $7,178,100 2022-2023 $4,432,300 $10,288,500 2023-2024 $4,431,700 $11,830,000 2024-2025 $4,097,600 $14,964,600 3.2. CMHC Funding for Fiscal Years 2025-2026 to 2027-2028 is the maximum amount of $68,069,000 and will be allocated to NBHC in accordance with the relevant Action Plan Periods set out in Schedule C, subject to subparagraph 5.2 of the Agreement and appropriations by Parliament. 3.3. CMHC Funding cannot be reallocated among Fiscal Years without prior CMHC approval. In addition, CMHC Funding cannot be reallocated among Initiatives. 3.4. CMHC Funding under this Agreement, including funding under the Canada Community Housing Initiative set out above, will be used to ensure that the same number of Social Housing Units under the SHA and Community Housing Units, as at March 31, 2019, and as agreed to by CMHC and NBHC in Schedule C, will continue to be offered over the course of this Agreement, as required by the Targets and Outcomes set out in the Action Plan. 2 The notional amount of CMHC Funding for the Canada Community Housing Initiative by Fiscal Year, following the six years in the table set out in subsection 3.1 above is as follows: 2025-2026: $16,975,700; 2026-2027: $21,323,100; 2027-2028: $23,854,700. These notional amounts are included in the maximum amount of CMHC Funding set out in subsection 3.2 above of this Schedule B and remains subject to subparagraph 5.2 of the Agreement and appropriations by Parliament. 3.5. For Cost-Matched Funding the value of in-kind contributions will be the fair market value of the contributions. The value of ongoing CMHC Funding will be the present value of the projected stream of ongoing contributions, for the period of the ongoing contributions (up to a maximum of twenty years from the date of Commitment, but not later than March 31, 2045), discounted at the appropriate Government of Canada benchmark bond yield rate. “Appropriate” means at the closing market price for bonds with a remaining term equal to or nearest to the period, on or most recently before the Commitment is made, as published by the Bank of Canada. Where there is no such remaining term nearer to the period than all the others, the nearest longer remaining term will apply.

Financial Provisions. Eligible costs of the project

Financial Provisions. In support of the operation and maintenance of Saskatchewan's 24/7 notification system, the following financial provisions apply: 7.1 For the fiscal year April 1, 2015 to ▇▇▇▇▇ ▇▇, ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇ shall provide an invoice for payment in the amount of $10 943. The invoice shall be sent between February 1 and February 25 of 2016. Environment Canada shall make a payment to Saskatchewan for that amount, within 30 days of receipt of the invoice. 7.2 For each subsequent fiscal year after the Agreement comes into effect, Saskatchewan shall provide an invoice for payment that corresponds to the payment made in the previous fiscal year, indexed in accordance with the Annual Average Percentage Changes for the Consumer Price Index – All Items, Not Seasonally Adjusted, Canada, Provinces, Urban Centres, for the calendar year that immediately precedes the fiscal year for which payment is being requested, for the services rendered between April 1 and March 31 of that subsequent fiscal year. Saskatchewan shall send its invoice to Environment Canada between February 1 and February 25 of the fiscal year during which the services are rendered. Upon receipt of this invoice, Environment Canada shall make a payment to Saskatchewan for that amount, within 30 days of receipt of the invoice. 7.3 The definitions in this subsection apply in section 7:

Financial Provisions. Any contribution towards the costs related to periods of research spent at the partner institution, attendance of national and international conferences, the organisation of the PhD defence, and other costs specific to the PhD programme shall be discussed and determined in mutual agreement between the supervisors from the partner institutions.