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.
Sample 1Sample 2Sample 3See All (12)
AutoNDA by SimpleDocs
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 00000 Xxxxxxx Xxxxxx Xxxxx, Xxxxx 000 Seminole Electric Cooperative, Inc. Xxxxxx, XX 00000 P.O. Box 273000 Attention Manager of Xxxxx, Xxxxxxx 00000-0000 Environment, Health and Safety Attention: Supervisor of Xxxxxxxxxxxxx
Sample 1
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.
Sample 1
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.
Sample 1
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...
Sample 1
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.
Sample 1

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 CFR 75, Subpart E. 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.

  • Due date for payment The settlement date for each Tax Invoice issued by the Distributor must be the 20th day of the month in which the Tax Invoice is received, or if the 20th day of the month is not a Working Day, the first Working Day after the 20th day. However, if the Distributor fails to send a Tax Invoice to the Trader within 10 Working Days after the last day of the month to which the Tax Invoice relates, the due date for payment is extended by 1 Working Day for each Working Day that the Tax Invoice is late.

  • REQUESTS FOR PAYMENT Payments shall be made in accordance with Article I.4 of the Special Conditions.

  • Applications for Payment 9.3.1 At least ten days before the date for each progress payment established in the State- Contractor Agreement, the Contractor shall submit to the Architect an itemized Application for Payment, notarized if required, supported by such data substantiating the Contractor's right to payment as the State or the Architect may require. The application for payment must, at a minimum, reflect retainage and the required waivers of lien and any other support documentation enumerated elsewhere in the Contract Documents. 9.3.2 Unless otherwise provided in the Contract Documents, payments will be made on account of materials or equipment not incorporated in the Work but delivered and suitably stored at the site and, if approved in advance by the State, payments may similarly be made for materials or equipment suitably stored at some other location agreed upon in writing. Payments for materials or equipment stored on or off the site shall be conditioned upon submission by the Contractor of bills of sale or such other procedures satisfactory to the State to establish the State's title to such materials or equipment or otherwise protect the State's interest, including applicable insurance and transportation to the site for those materials and equipment stored off the site. 9.3.3 The Contractor warrants that title to all Work, materials and equipment covered by an Application for Payment will pass to the State either by incorporation in the construction or upon the receipt of payment by the Contractor, whichever occurs first, free and clear of all liens, claims, security interests or encumbrances, hereinafter referred to in this Article 9 as "liens"; and that no Work, materials or equipment covered by an Application for Payment will have been acquired by the Contractor, or by any other person performing Work at the site or furnishing materials and equipment for the Project, subject to an agreement under which an interest therein or an encumbrance thereon is retained by the seller or otherwise imposed by the Contractor or such other person.

  • PREREQUISITES FOR PAYMENT The following applicable requirements shall be fulfilled in order to establish an employee's eligibility for sick leave benefits.

  • Funds for Payments (a) All payments of principal, interest, facility fees, Agent's fees, closing fees and any other amounts due hereunder or under any of the other Loan Documents shall be made to the Agent, for the respective accounts of the Banks and the Agent, as the case may be, at the Agent's Head Office, not later than 3:00 p.m. (Boston time) on the day when due, in each case in immediately available funds. To the extent funds are available in such account, the Agent is hereby authorized to charge the account of the Borrower with BankBoston, on the dates when the amount thereof shall become due and payable, with the amounts of the principal of and interest on the Loans and all fees, charges, expenses and other amounts owing to the Agent and/or the Banks under the Loan Documents. (b) All payments by the Borrower hereunder and under any of the other Loan Documents shall be made without setoff or counterclaim and free and clear of and without deduction for any taxes, levies, imposts, duties, charges, fees, deductions, withholdings, compulsory loans, restrictions or conditions of any nature now or hereafter imposed or levied by any jurisdiction or any political subdivision thereof or taxing or other authority therein unless the Borrower is compelled by law to make such deduction or withholding. If any such obligation is imposed upon the Borrower with respect to any amount payable by it hereunder or under any of the other Loan Documents, the Borrower will pay to the Agent, for the account of the Banks or (as the case may be) the Agent, on the date on which such amount is due and payable hereunder or under such other Loan Document, such additional amount in Dollars as shall be necessary to enable the Banks or the Agent to receive the same net amount which the Banks or the Agent would have received on such due date had no such obligation been imposed upon the Borrower. The Borrower will deliver promptly to the Agent certificates or other valid vouchers for all taxes or other charges deducted from or paid with respect to payments made by the Borrower hereunder or under such other Loan Document.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!