Mechanism for payment Sample Clauses

Mechanism for payment. (a) We will make the Funding available to You by instalments in accordance with the Service Agreement (Part C) - Specifications. (b) We may withhold any installment to You if You have not complied with any obligation under the Service Agreement, including Your obligation to submit reports as required under clauses 5.1 and 5.2.
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Mechanism for payment. This Section is to be read in conjunction with Schedule 5 of this Framework Agreement “Mechanism for Letting Call-Off Contracts. Reimbursement of Time Charge will be by hours worked recorded on timesheets multiplied by staff rates, see the NEC3 Professional Services Contract clause 11.2(13). Term Stage Definition Purpose Construction Cost Building costs including Preliminaries, Supply Chain Partner Fee and Inflation (excluding VAT) To provide basis on which to apply fee percentages. Estimated Construction Cost Immediately after SOC completed Construction Cost extrapolated by LHB/FM from the capital budget of the most likely SOC option. To provide a financial outcome for evaluation at selection stage. The Advisor Consultant fee levels will be calculated by applying the ITB fee percentage to the Estimated Construction Cost. Project Allowance RIBA STAGE C The total cost of the project including : Construction Cost Design Consultant Fees Advisor fees Land ,legal and statutory costs and other fees Non Works costs Equipment Contingency VAT To define the Project’s maximum capital limit. Project Allowance Construction Cost RIBA STAGE C Comprises the Construction cost within the Project Allowance Price not to be Exceeded (SCP) RIBA STAGE D Comprises :- 1.SCP Construction Cost submitted at selection stage.(The Prices (SCP)) 2. The Design Consultants fees based on the Project Allowance Construction Cost.The Prices(Designer )at Stage D To provide a financial outcome for evaluation at selection stage. The SCP will provide a bid at selection stage based upon the RIBA Stage C Conceptual proposal .The bid will incorporate Design Fees and become the Price not to be exceeded. The Prices ( Designer) RIBA STAGE A RIBA STAGE D The Prices (Designer ) will be calculated in two stages At appointment using Resource Schedule RIBA A-C Once Project Allowance is confirmed using ITB fee percentage on the Project Allowance Construction Cost. To provide The Prices to include in the initial appointment . To provide The Prices to be included in Confirmation Notice no 1 prior to Novation.(once the Project Allowance (and therefore Project Allowance Construction Cost) has been agreed with WAG scrutiny.) The Prices (Advisor) RIBA STAGE A RIBA STAGE D The Prices (Advisor) will be calculated At appointment using Resource Schedule RIBA A-C in addition to applying fee percentage to the Estimated Construction Cost. At Advisor Confirmation No 1 using Resource Schedule RIBA A-C in addition to applyin...
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Mechanism for payment. (a) We will provide the Funding to You in accordance with the Funding Schedule. (b) We may withhold any instalment or payment of the Funding if You have not complied with any obligation under the Service Agreement, whether or not that non-compliance amounts to a breach of the Service Agreement, including Your obligation to comply with the Reporting Requirements.
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Mechanism for payment. In the event that an obligation on the Academy Trust to pay arises, in accordance with clause 5 above, it shall be paid by the Academy Trust to the Secretary of State in one lump sum amount within 28 days of written notification by the Secretary of State that (i) one of the circumstances set out at paragraph 5(b) has occurred, and (ii) the Academy Trust has not received consent to grant the Underlease or the Academy Trust has elected to pay the Clawback Sum in accordance with clause 5(d) of this Agreement.
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Mechanism for payment. (a) We will provide the Funding to You by installments in accordance with the Funding Particulars (Section 22). (b) We may withhold any instalment of the Funding, including at the point of Funding review, or reduce Funding payable if: (i) You have not complied with any material obligation under this Agreement; or (ii) You have not met all or some of the Key Performance Indicator/Outcome targets agreed in the Service Particulars (Section 23) to Our satisfaction; or (iii) a situation exists that impacts on the immediate going concern status of your organisation.
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Mechanism for payment. Seminole shall invoice Lafarge the applicable price per Ton for the total amount of Complying Gypsum, any Non-Complying Gypsum that Lafarge in its sole discretion elects to purchase and any Alternative Complying Gypsum sold and delivered by Seminole to Lafarge each month, and for any other amounts due from Lafarge to Seminole hereunder, by the 15th of the month following delivery. Each monthly invoice delivered to Lafarge shall set forth the total number of tons of Complying Gypsum, Non-Complying Gypsum, or Alternative Complying Gypsum sold and delivered to Lafarge during the preceding month. Lafarge shall pay such invoices within * * * after receipt of such invoice. Seminole may add * * * per month to any invoice amount which is not paid when due. Lafarge shall invoice Seminole for any such amounts as may be due from Seminole to Lafarge hereunder by the 15th of the month following the date such payment obligation arises. Seminole shall pay such invoices in full within * * * after receipt of such invoice. Lafarge may add * * * per month to any invoice amount which is not paid when due. If it is later determined that the amount of any payment by Lafarge or by Seminole represents an underpayment or an overpayment, the Party owing the same shall pay to the other Party, within fifteen (15) days from and after such determination, the full amount of any such underpayment or overpayment. Invoices shall be sent to the following addresses until changed by further notice: If to Lafarge: If to Seminole: Lafarge Corporation Disbursements Accounting ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ Seminole Electric Cooperative, Inc. ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ P.O. Box 273000 Attention Manager of ▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇ Environment, Health and Safety Attention: Supervisor of ▇▇▇▇▇▇▇▇▇▇▇▇▇
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Related to Mechanism for payment

  • Time for Payment Interconnection Customer must provide the additional Security, in a form and with terms as required by Section 212.4, within 15 days after its receipt of Transmission Provider’s notice under this section. The requirement for additional Security under this section shall be treated as a milestone included in the Interconnection Service Agreement pursuant to Section 212.5.

  • Basis for Payment DFPS is not obligated to pay unauthorized costs or to pay more than Grantee’s allowable and incurred costs consistent with 45 Code of Federal Regulations (CFR) 75, Subpart E (Cost Principles). Grantee is responsible for submitting invoices in an accurate and timely manner for each service period and for notifying DFPS of a need to expedite payment. DFPS will make reasonable efforts to process all bills received in an accurate and timely manner but does not warrant immediate payment.

  • Procedure for Payment Whenever a payment for fractional Rights, Preferred Shares or Common Shares is to be made by the Rights Agent pursuant to this Agreement, the Company will (i) promptly prepare and deliver to the Rights Agent a certificate setting forth in reasonable detail the facts related to such payment and the prices or formulas utilized in calculating such payments; and (ii) provide sufficient monies to the Rights Agent to make such payments. The Rights Agent will be fully protected in relying upon such certificate and will have no duty with respect thereto, and will not be deemed to have knowledge of any payment for fractional Rights, Preferred Shares or Common Shares pursuant to this Agreement unless and until the Rights Agent has received such certificate and sufficient monies.

  • Release for Payment Upon receipt by the Collateral Custodian of the Servicer’s request for release of documents and receipt in the form annexed hereto as Exhibit M (which certification shall include a statement to the effect that all amounts received in connection with such payment or repurchase have been credited to the Collection Account as provided in this Agreement), the Collateral Custodian shall promptly release the related Required Loan Documents to the Servicer.

  • Application for Payment The form acceptable to Owner that is to be used by the Contractor during the course of the Work in requesting payment from the Owner and that is to be accompanied by such supporting documentation as is required by the Contract Documents.