FUNDING AND METHOD OF PAYMENT Sample Clauses

FUNDING AND METHOD OF PAYMENT. 3.1 The maximum amount payable by the CITY under this Agreement will be One Hundred Thousand Dollars and 00/100 ($100,000.00). It is expressly understood and agreed by the Parties that the funds contemplated by this Agreement originated from federal ARPA funds and funding is contingent upon approval and funding by the Boynton Beach City Commission. SUBRECIPIENT agrees to reimburse CITY, in full, all funds remitted to SUBRECIPIENT by CITY that do not comply with any and all requirements for use of ARPA funding. 3.2 The CITY will be invoiced by the SUBRECIPIENT for eligible expenses on a reimbursement basis, and will disburse payments once per quarter unless there is a mutual written agreement otherwise (see Attachment “A” Scope of Services). Bills shall be submitted by the SUBRECIPIENT at least two weeks in advance and will be paid provided appropriate documentation and status and beneficiary reports are attached to the invoice. 3.3 Payment by the CITY shall be contingent upon timely receipt of accurate and complete reports and records required by this Agreement.

FUNDING AND METHOD OF PAYMENT. The AASM Foundation will provide funds in the amount of $xxx,xxx in totality to Awardee in two separate installments as follows: 1) First payment of $xxx,xxx in the form of a cash advance upon receipt of a signed contract. 2) The final payment of $xx,xxx will be remitted upon receipt and approval of the final report, which must include summary of the entire project (see Section 13, Reporting/Deliverables). Checks will be made to: [Sponsoring Organization] and mailed to: [Insert Address Line 1] [Insert Address Line 2] [Insert Address Line 3] This contract is contingent upon the availability of funding for the project and term outlined above. The Awardee will have no right of action against the AASM Foundation in the event that the AASM Foundation is unable to fulfill its obligations under this contract as a result of lack of sufficient funding. If funds become unavailable, provisions of termination will apply.

FUNDING AND METHOD OF PAYMENT. 4.1 The maximum amount payable by the CITY under this Agreement shall be $40,000.00. This shall be the maximum expenditures authorized for payment by the City under this agreement. In no event shall the CITY be liable for any sum exceeding the above stated amount. 4.2 CITY agrees to fund SUBGRANTEE for the eligible PROJECT expenses incurred as provided for in Exhibit "B" attached hereto, and incorporated herein by reference, provided that a suspension of payment as provided for in Article XII has not occurred, and provided further that SUBGRANTEE complies with the procedures for invoices and payments as set forth in Article V.

FUNDING AND METHOD OF PAYMENT. A. Partner agrees to enter into a separate agreement with VENDOR, a Commute Management Platform Vendor to implement the Platform described in Attachment A for a minimum of 36-months in the amount of [funding] dollars ($X). MTC agrees to reimburse Partner a total amount up to [funding] dollars ($X) (“Maximum Platform Payment”) for the platform, and if applicable, MTC agrees to reimburse Partner a total amount up to [funding] dollars ($X) (“Maximum Incentives Payment”) for incentives. Partner agrees to provide matching funding of minimum of [funding] dollars ($X) (X% of setup fees and software subscription and licenses for 36 months for up to X users) and, [additional amount] for costs for additional users above 3,000 users in the agreement between Partner and the Vendor, consistent with Attachment B. Funding Breakdown. MTC funding and Partner funding covers the setup fee and 36 months of the software subscription and user licenses. B. Partner may submit invoices to MTC after Partner pays invoices from the Vendor and MTC will reimburse for up to 75% of eligible costs. Payment shall be made by MTC within thirty (30) days of receipt of an acceptable invoice, approved by the MTC Project Manager or a designated representative, consistent with Attachment C, Sample Invoice, including all supporting details, proof of payment, and certification that the invoice is accurate and not the subject of a prior billing. All invoices shall be submitted electronically via email to MTC at xxxxxxx@xxxxxxxxxxxx.xxx or in writing to: Attn: Accounting Section Metropolitan Transportation Commission C. Subject only to duly executed amendments, it is expressly understood and agreed that in no event will the total reimbursement to be paid by MTC under this Agreement exceed the Maximum Platform Payment and Maximum Incentive Payment as stated in Article 3.

FUNDING AND METHOD OF PAYMENT a) C/CAG agrees that the District shall receive Measure M revenue collected in the amount of $1,400,000 per fiscal year, for the Program, which C/CAG agrees to pay the District on a reimbursement basis. b) C/CAG shall provide the District the actual allocation amount annually once all Measure M revenue is collected for the applicable fiscal year. c) The District shall submit xxxxxxxx on a quarterly basis accompanied by the activity reports and paid invoices issued by the District's contractor or District's progress payments as proof that Program services were rendered and paid for by the District, delivered or mailed to C/CAG as follows: City/County Association of Governments 000 Xxxxxx Xxxxxx, 0xx Xxxxx Xxxxxxx Xxxx, XX 00000 Attention: Xxxx Xxxxx d) Upon receipt of the invoice and its accompanying documentation, C/CAG shall pay the amount claimed under each invoice, up to the maximum amount available pursuant to this Agreement, within thirty (30) days of receipt of the invoice. e) Subject to duly executed amendments, it is expressly understood and agreed that in no event will the total funding commitment under this agreement exceed 22% of the net Measure M revenue collected, estimated at approximately $1,400,000 per fiscal year, unless revised in writing and approved by C/CAG and the District.

FUNDING AND METHOD OF PAYMENT a) C/CAG agrees that the District will receive 22% of the net Measure M revenue collected for the Program between July 1, 2020, and June 30, 2021, which revenue C/CAG agrees to pay the District on a reimbursement basis. b) From July 1, 2020 through June 30, 2021, if the 22% of net Measure M revenues exceeds $1,400,000, the District will use excess funding for the senior mobility programs as described in Exhibit B. Should the net revenues fall below $1,400,000, C/CAG will only reimburse the District up to the actual amount received. c) C/CAG shall provide any excess funding as described in b), above, to the District once all Measure M revenue is collected for the applicable FY. d) The District shall submit xxxxxxxx at least semi-annually, accompanied by the activity reports and paid invoices issued by the District's contractor or District's progress payments as proof that Program services were rendered and paid for by the District, delivered, mailed or emailed to C/CAG as follows: City/County Association of Governments 000 Xxxxxx Xxxxxx, 0xx Xxxxx Xxxxxxx Xxxx, XX 00000 Attention: Xxx Xxxxx xxxxxx@xxxxxx.xxx e) The District shall submit an annual report summarizing performance data specified in Exhibit A; and providing various measures of effectiveness for the Redi-Wheels and Senior Mobility Programs. This annual report shall be provided with the final reimbursement request. f) Upon receipt of an invoice and its accompanying documentation, C/CAG shall pay the amount claimed under each invoice, up to the maximum amount available pursuant to this Agreement, within thirty (30) days of receipt of the invoice. g) Subject to duly executed amendments, it is expressly understood and agreed that in no event will the total funding commitment under this Agreement exceed 22% of the net Measure M revenue collected unless revised in writing and approved by C/CAG and the District.

FUNDING AND METHOD OF PAYMENT. (a) Prior to transferring the Grant Funds to the Local Unit of Government, the deliverables set forth in Paragraph 1 above (including Exhibit A and Exhibit B) shall have been provided to the Center by the Local Unit of Government and the Company, as applicable, in form and substance reasonably satisfactory to the Center. Upon satisfaction of such deliverable requirements, the Center will transfer the full amount of the Grant to the Local Unit of Government within thirty (30) days thereafter. (b) All Grant Funds received by the Local Unit of Government from the Center must be transferred to and expended by the Company no later than the Jobs End Date, unless otherwise agreed to by the Center, Local Unit of Government, and Company as specified in Exhibit A. Any unexpended Grant Funds as of the Jobs End Date shall be obtained by the Local Unit of Government from the Company and returned to the Center. Such amounts shall be paid by the Local Unit of Government to the Center no later than ninety (90) days after the Jobs End Date. (c) As of the Jobs End Date, the Local Unit of Government shall require the Company to certify the number of jobs as of the Jobs End Date and to provide evidence of such number if requested by the Local Unit of Government or the Center. If the Company does not satisfy the Minimum Job Requirement, then the Company, at the discretion of the Center and in consultation with the Local Unit of Government, may be required to pay the Center One Thousand Dollars ($1000) for each job below the established Minimum Job Requirement threshold. If any such payment is owed, the Local Unit of Government shall assist the Center with any reasonable recoupment activities it may wish to pursue from the Company. Any recoupment funds collected from the Company and received by the LUG, shall be returned to the Center by the Local Unit of Government no later than ninety (90) days after the recoupment funds are received.

FUNDING AND METHOD OF PAYMENT. A. C/CAG agrees to reimburse the DISTRICT for 20% of the total PROJECT cost, up to $50,000. 1. The DISTRICT will submit invoices to C/CAG no more than quarterly detailing its costs for PROJECT activities. 2. Invoices will include a record of payments made or costs expended by the DISTRICT on the Scope of Work, including copies of third-party contractor invoices paid by the DISTRICT. A brief narrative progress report shall be included with each invoice. 3. C/CAG will reimburse the DISTRICT, within thirty (30) days following receipt of DISTRICT invoices, for the DISTRICT's eligible PROJECT costs during the subject quarter, provided however, that C/CAG will not reimburse the DISTRICT for costs incurred for activities not within the scope of the PROJECT as described in the SCOPE OF WORK. 4. C/CAG understands each PROJECT partner is contributing 20% of the PROJECT cost and individual invoices may not be billed proportionately between the PROJECT partners. The final invoice submitted to each PROJECT partner, including C/CAG, will include an accounting of the total payments made by each PROJECT partner to demonstrate each partner’s 20% contribution.

FUNDING AND METHOD OF PAYMENT. A. The annual maximum amount payable by CSC to PROVIDER for the period of October 1, 2022, through September 30, 2023 shall be $000,000 (“Contract Amount”). The annual maximum amount payable by CSC to PROVIDER for the period of June/July/August 1, 2022, through September 30, 2022 shall be $000,000; and for the period of October 1, 2022, through September 30, 2023 shall be $000,000, for a total of $000,000 (“Contract Amount”). B. The PROVIDER agrees to provide a CSC-required Match in the amount of $00,000 for the period of October 1, 2022, through September 30, 2023. The PROVIDER agrees to provide a CSC-required Match in the amount of $00,000 for the period of July/August 1, 2022, through September 30, 2022; and $00,000 for the period of October 1, 2022, through September 30, 2023. C. The CSC agrees to pay for units of service or other deliverables actually provided, invoiced and documented as specified in Exhibit A, Scope of Work. An original invoice, in the format prescribed by the CSC, is due on or before the tenth (10th) day of the month following the month in which services were rendered. CSC agrees to reimburse PROVIDER on a monthly billing basis. In order to be deemed proper as defined by the Florida Prompt Payment Act, all invoices must comply with the requirements set forth in this Agreement and must be submitted on the forms as prescribed by CSC. Invoices and/or documentation returned to PROVIDER for corrections may be cause for delay in receipt of payment. Late submission may result in delay in receipt of payment. CSC shall pay PROVIDER within thirty (30) calendar days of receipt of PROVIDER'S properly submitted invoice. D. The PROVIDER shall submit the invoice for the end of the CSC’S fiscal year, for payment to the CSC no more than fifteen (15) days after the last day of the month the contract is terminated. If the PROVIDER fails to do so, all rights to payment are forfeited and the CSC will not honor any requests submitted after the aforesaid time period. Any payment due under the terms of this contract may be withheld until all reports due from the PROVIDER are received by the CSC and any necessary adjustments thereto have been approved by the CSC. E. In the event this Agreement provides for more than one service or program, the CSC Programs Manager may shift funding between services and/or program(s) components, at any time, upon written notice to PROVIDER; however, the Programs Manager may not increase funding in excess of the Contract Amou...

FUNDING AND METHOD OF PAYMENT. A. [Partner] agrees to enter into a separate agreement with Luum, a Commute Management Platform Vendor (herein called “the Vendor”) to implement the Platform described in Attachment A for a minimum of 36-months in the amount of [funding] dollars ($X). MTC agrees to reimburse [Partner] up to [funding] dollars ($X) from Regional Measure 2 Marketing funds (herein called (“RM2”). [Partner] agrees to provide [funding] dollars ($X) in the agreement between [Partner] and the Vendor. MTC funding covers 100% of the one-time installation fee and years one and two of the software subscription; and 50% of years one and two of the user licenses. [If applicable: MTC will also cover 30% of years one and two of the parking management module.] B. [Partner] may submit invoices to MTC after [Partner] pays invoices from the Vendor. Payment shall be made within thirty (30) days after receipt by MTC of an acceptable invoice consistent with Attachment B, Sample Invoice, including all supporting details, proof of payment, and certification that the invoice is accurate and not the subject of a prior billing. The invoice shall be subject to the review and approval of MTC’s Project Manager. [Partner] shall deliver or mail invoice to MTC, as follows: C. Subject only to duly executed amendments, it is expressly understood and agreed that in no event will the total reimbursement to be paid by MTC under this Agreement exceed the [funding] dollars ($X).