Common use of Invoicing Payment Clause in Contracts

Invoicing Payment. 7.1 The Contract Price is payable as follows: (i) 20% on Contract Signing (iii) 50% on submission of final report The Fund shall make payments under the Contract subject to the following conditions: (a) Payments shall be made only after the Designated Officer certifies that the Services were evaluated and found to have been performed or provided in accordance with the terms of the Contract. (b) The Contractor’s request for payment shall be made to the Fund in writing; accompanied by an invoice describing the Services performed delivered and documents required under the Contract; and upon fulfillment of other obligations stipulated in the Contract. (c) The Fund shall pay an invoiced amount no later than thirty (30) days after the date on which the Contractor submits a duly completed and valid invoice or claim to the Fund. The Contractor shall accept payment as full satisfaction of the Contractor’s entire claim arising out of or in connection with the Contract. 3 Specify, if any, types of reimbursement expenditures and how those will be treated. (d) The Contractor shall submit such documents supporting the Contractor’s invoice or statement of account, as the Fund may reasonably require. (e) Unless otherwise agreed with the Contractor, the Fund shall remit payment by electronic transfer. [The Contractor shall provide the Fund with the Contractor’s bank details such as bank name, bank address/branch, account name, and account number on its invoices or request for payment.] Contractor’s bank details for payment are: Bank name: Account No: Bank Code: SWIFT:

Invoicing Payment. 7.1 The Contract Price is payable as follows: (i) 20% on Contract Signing (ii) 30% on submission of draft report (iii) 50% on submission of final report The Fund shall make payments under the Contract subject to the following conditions: (a) Payments shall be made only after the Designated Officer certifies that the Services were evaluated and found to have been performed or provided in accordance with the terms of the Contract. (b) The Contractor’s request for payment shall be made to the Fund in writing; accompanied by an invoice describing the Services performed delivered and documents required under the Contract; and upon fulfillment of other obligations stipulated in the Contract. (c) The Fund shall pay an invoiced amount no later than thirty (30) days after the date on which the Contractor submits a duly completed and valid invoice or claim to the Fund. The Contractor shall accept payment as full satisfaction of the Contractor’s entire claim arising out of or in connection with the Contract. 3 Specify, if any, types of reimbursement expenditures and how those will be treated. (d) The Contractor shall submit such documents supporting the Contractor’s invoice or statement of account, as the Fund may reasonably require. (e) Unless otherwise agreed with the Contractor, the Fund shall remit payment by electronic transfer. [The Contractor shall provide the Fund with the Contractor’s bank details such as bank name, bank address/branch, account name, and account number on its invoices or request for payment.] Contractor’s bank details for payment are: Bank name: Account No: Bank Code: SWIFT: Account Holder:

Invoicing Payment. 7.1 The Contract Price is payable as follows:on [specify the schedule and dates]. (i) 20% on Contract Signing (iii) 50% on submission of final report 7.2 The Fund shall make payments under the Contract subject to the following conditions: (a) Payments shall be made only after the Designated Officer certifies that the Services and/or Related Goods were evaluated and found to have been performed or provided in accordance with the terms of the Contract. (b) The Contractor’s request for payment shall be made to the Fund in writing; accompanied by an invoice describing the Services performed and/or Related Goods delivered and documents required under the Contract; and upon fulfillment of other obligations stipulated in the Contract. (c) The Fund shall pay an invoiced amount no later than thirty (30) days after the date on which the Contractor submits a duly completed and valid invoice or claim to the Fund. The Contractor shall accept payment as full satisfaction of the Contractor’s entire claim arising out of or in connection with the Contract. 3 Specify, if any, types of reimbursement expenditures and how those will be treated. (d) The Contractor shall submit such documents supporting the Contractor’s invoice or statement of account, as the Fund may reasonably require. (e) Unless otherwise agreed with the Contractor, the Fund shall remit payment by electronic transfer. [The Contractor shall provide the Fund with the Contractor’s bank details such as bank name, bank address/branch, account name, and account number on its invoices or request for payment.] Contractor’s bank details for payment are: Bank name: Account No: Bank Code: SWIFT: Account Holder:

Invoicing Payment. 7.1 The Contract Price is payable as follows:on [specify the schedule and dates]. (i) 20% on Contract Signing (iii) 50% on submission of final report 7.2 The Fund shall make payments under the Contract subject to the following conditions: (a) Payments shall be made only after the Designated Officer certifies that the Services were evaluated and found to have been performed or provided in accordance with the terms of the Contract. (b) The Contractor’s request for payment shall be made to the Fund in writing; accompanied by an invoice describing the Services performed delivered and documents required under the Contract; and upon fulfillment of other obligations stipulated in the Contract. (c) The Fund shall pay an invoiced amount no later than thirty (30) days after the date on which the Contractor submits a duly completed and valid invoice or claim to the Fund. The Contractor shall accept payment as full satisfaction of the Contractor’s entire claim arising out of or in connection with the Contract. 3 Specify, if any, types of reimbursement expenditures and how those will be treated. (d) The Contractor shall submit such documents supporting the Contractor’s invoice or statement of account, as the Fund may reasonably require. (e) Unless otherwise agreed with the Contractor, the Fund shall remit payment by electronic transfer. [The Contractor shall provide the Fund with the Contractor’s bank details such as bank name, bank address/branch, account name, and account number on its invoices or request for payment.] Contractor’s bank details for payment are: Bank name: Account No: Bank Code: SWIFT: Account Holder:

Invoicing Payment. 7.1 The Contract Price is payable as follows: (i) 20% on Contract Signing upon acceptance of Planning Document (ii) 20% upon acceptance of Interim Audit Report (iii) 5060% on submission upon acceptance of final report Final Report comprising of Financial Statements and a Management letter The Fund shall make payments under the Contract subject to the following conditions: (a) Payments shall be made only after the Designated Officer certifies that the Services were evaluated and found to have been performed or provided in accordance with the terms of the Contract. (b) The Contractor’s request for payment shall be made to the Fund in writing; accompanied by an invoice describing the Services performed delivered and documents required under the Contract; and upon fulfillment of other obligations stipulated in the Contract. (c) The Fund shall pay an invoiced amount no later than thirty (30) days after the date on which the Contractor submits a duly completed and valid invoice or claim to the Fund. The 3 Specify, if any, types of reimbursement expenditures and how those will be treated. Contractor shall accept payment as full satisfaction of the Contractor’s entire claim arising out of or in connection with the Contract. 3 Specify, if any, types of reimbursement expenditures and how those will be treated. (d) The Contractor shall submit such documents supporting the Contractor’s invoice or statement of account, as the Fund may reasonably require. (e) Unless otherwise agreed with the Contractor, the Fund shall remit payment by electronic transfer. [The Contractor shall provide the Fund with the Contractor’s bank details such as bank name, bank address/branch, account name, and account number on its invoices or request for payment.] Contractor’s bank details for payment are: Bank name: Account No: Bank Code: SWIFT: Account Holder:

Invoicing Payment. 7.1 The Contract Price is payable as follows:follows (for example): (i) 20% on Contract Signing (iii) 50% on submission of final report report 7.2 The Fund shall make payments under the Contract subject to the following conditions: (a) Payments shall be made only after the Designated Officer certifies that the Services were evaluated and found to have been performed or provided in accordance with the terms of the Contract. (b) The Contractor’s request for payment shall be made to the Fund in writing; accompanied by an invoice describing the Services performed delivered and documents required under the Contract; and upon fulfillment of other obligations stipulated in the Contract. (c) The Fund shall pay an invoiced amount no later than thirty (30) days after the date on which the Contractor submits a duly completed and valid invoice or claim to the Fund. The Contractor shall 3 Specify, if any, types of reimbursement expenditures and how those will be treated. accept payment as full satisfaction of the Contractor’s entire claim arising out of or in connection with the Contract. 3 Specify, if any, types of reimbursement expenditures and how those will be treated. (d) The Contractor shall submit such documents supporting the Contractor’s invoice or statement of account, as the Fund may reasonably require. (e) Unless otherwise agreed with the Contractor, the Fund shall remit payment by electronic transfer. [The Contractor shall provide the Fund with the Contractor’s bank details such as bank name, bank address/branch, account name, and account number on its invoices or request for payment.] Contractor’s bank details for payment are: Bank name: Account No: Bank Code: SWIFT: Account Holder:

Invoicing Payment. 7.1 The Contract Price is payable as follows:Fund will pay to the Contractor for full and proper performance of the Contractor’s obligations under the WO, if issued, in accordance with the terms of the LTA. (i) 20% on Contract Signing (iii) 50% on submission of final report 7.2 The Fund shall make payments under the Contract subject to the following conditions: (a) Payments shall be made only after the Designated Officer certifies that the Services and/or Related Goods were evaluated and found to have been performed or provided in accordance with the terms of the ContractContract and the Work Order (WO). (b) The Contractor’s request for payment shall be made to the Fund in writing; accompanied by an invoice describing the Services performed and/or Related Goods delivered and documents required under the Contract; and upon fulfillment of other obligations stipulated in the Contract.. Invoices and any payment related matters shall be addressed to: Procurement Unit Email: xxxxxxxxxxx@xxxxxx.xxx Tel: +00.00.000.0000 (c) The Fund shall pay an invoiced amount no later than thirty (30) days after the date on which the Contractor submits a duly completed and valid invoice or claim to the Fund. The Contractor shall accept payment as full satisfaction of the Contractor’s entire claim arising out of or in connection with the Contract. 3 Specify, if any, types of reimbursement expenditures and how those will be treated. (d) The Contractor shall submit such documents supporting the Contractor’s invoice or statement of account, as the Fund may reasonably require. (e) Unless otherwise agreed with the Contractor, the Fund shall remit payment by electronic transfer. [The Contractor shall provide the Fund with the Contractor’s bank details such as bank name, bank address/branch, account name, and account number on its invoices or request for payment.] Contractor’s bank details for payment are: Bank name: Account No: Bank Code: SWIFT: Account Holder:

Invoicing Payment. 7.1 The Contract Price is payable as follows: (i) 20% on Contract Signing (iii) 50% on submission of final report The Fund shall make payments under the Contract subject to the following conditions: (a) Payments shall be made only after the Designated Officer certifies that the Services were evaluated and found to have been performed or provided in accordance with the terms of the Contract. (b) The Contractor’s request for payment shall be made to the Fund in writing; accompanied by an invoice describing the Services performed delivered and documents required under the Contract; and upon fulfillment of other obligations stipulated in the Contract. (c) The Fund shall pay an invoiced amount no later than thirty (30) days after the date on which the Contractor submits a duly completed and valid invoice or claim to the Fund. The Contractor shall 3 Specify, if any, types of reimbursement expenditures and how those will be treated. accept payment as full satisfaction of the Contractor’s entire claim arising out of or in connection with the Contract. 3 Specify, if any, types of reimbursement expenditures and how those will be treated. (d) The Contractor shall submit such documents supporting the Contractor’s invoice or statement of account, as the Fund may reasonably require. (e) Unless otherwise agreed with the Contractor, the Fund shall remit payment by electronic transfer. [The Contractor shall provide the Fund with the Contractor’s bank details such as bank name, bank address/branch, account name, and account number on its invoices or request for payment.] Contractor’s bank details for payment are: Bank name: Account No: Bank Code: SWIFT:electronic

Invoicing Payment. 7.1 The Contract Price is payable as follows:Fund will pay to the Contractor for full and proper performance of the Contractor’s obligations under the SOW, if issued, in accordance with the terms of the LTA. (i) 20% on Contract Signing (iii) 50% on submission of final report 7.2 The Fund shall make payments under the Contract subject to the following conditions: (a) Payments shall be made only after the Designated Officer certifies that the Services and/or Related Goods were evaluated and found to have been performed or provided in accordance with the terms of the ContractContract and the Statement of Work (SOW). (b) The Contractor’s request for payment shall be made to the Fund in writing; accompanied by an invoice describing the Services performed and/or Related Goods delivered and documents required under the Contract; and upon fulfillment of other obligations stipulated in the Contract.. Invoices and any payment related matters shall be addressed to: Procurement Unit Email: xxxxxxxxxxx@xxxxxx.xxx Tel: +00.00.000.0000 (c) The Fund shall pay an invoiced amount no later than thirty (30) days after the date on which the Contractor submits a duly completed and valid invoice or claim to the Fund. The Contractor shall accept payment as full satisfaction of the Contractor’s entire claim arising out of or in connection with the Contract. 3 Specify, if any, types of reimbursement expenditures and how those will be treated. (d) The Contractor shall submit such documents supporting the Contractor’s invoice or statement of account, as the Fund may reasonably require. (e) Unless otherwise agreed with the Contractor, the Fund shall remit payment by electronic transfer. [The Contractor shall provide the Fund with the Contractor’s bank details such as bank name, bank address/branch, account name, and account number on its invoices or request for payment.] Contractor’s bank details for payment are: Bank name: Account No: Bank Code: SWIFT: Account Holder:

Invoicing Payment. 7.1 The Contract Price is payable as follows: (i) 20% on Contract Signing (ii) 30% on submission of draft report (iii) 50% on submission of final report The Fund shall make payments under the Contract subject to the following conditions: (a) Payments shall be made only after the Designated Officer certifies that the Services were evaluated and found to have been performed or provided in accordance with the terms of the Contract. (b) The Contractor’s request for payment shall be made to the Fund in writing; accompanied by an invoice describing the Services performed delivered and documents required under the Contract; and upon fulfillment of other obligations stipulated in the Contract. (c) The Fund shall pay an invoiced amount no later than thirty (30) days after the date on which the Contractor submits a duly completed and valid invoice or claim to the Fund. The Contractor shall accept payment as full satisfaction of the Contractor’s entire claim arising out of or in connection with the Contract. 3 Specify, if any, types of reimbursement expenditures and how those will be treated. (d) The Contractor shall submit such documents supporting the Contractor’s invoice or statement of account, as the Fund may reasonably require. (e) Unless otherwise agreed with the Contractor, the Fund shall remit payment by electronic transfer. [The Contractor shall provide the Fund with the Contractor’s bank details such as bank name, bank address/branch, account name, and account number on its invoices or request for payment.] 3 Specify, if any, types of reimbursement expenditures and how those will be treated. Contractor’s bank details for payment are: Bank name: Account No: Bank Code: SWIFT: Account Holder:

Invoicing Payment. 7.1 The Contract Price is payable as follows:follows (for example): (i) 2030% on Contract Signing submission of draft report (iiiii) 5070% on submission of final report The Fund shall make payments under the Contract subject to the following conditions: (a) Payments shall be made only after the Designated Officer certifies that the Services were evaluated and found to have been performed or provided in accordance with the terms of the Contract. (b) The Contractor’s request for payment shall be made to the Fund in writing; accompanied by an invoice describing the Services performed delivered and documents required under the Contract; and upon fulfillment of other obligations stipulated in the Contract. (c) The Fund shall pay an invoiced amount no later than thirty (30) days after the date on which the Contractor submits a duly completed and valid invoice or claim to the Fund. The Contractor shall accept payment as full satisfaction of the Contractor’s entire claim arising out of or in connection with the Contract. 3 Specify, if any, types of reimbursement expenditures and how those will be treated. (d) The Contractor shall submit such documents supporting the Contractor’s invoice or statement of account, as the Fund may reasonably require. (e) Unless otherwise agreed with the Contractor, the Fund shall remit payment by electronic transfer. [The Contractor shall provide the Fund with the Contractor’s bank details such as bank name, bank address/branch, account name, and account number on its invoices or request for payment.] Contractor’s bank details for payment are: Bank name: Account No: Bank Code: SWIFT: