Mechanism of Payment Sample Clauses

Mechanism of Payment. The payments due to SELEXIS under this Agreement shall be made either by check or by wire transfer or electronic fund transfer to the credit and account of SELEXIS, as follows: Bank Name: [*] Account: [*] To: Selexis S.A. 10, xxxxxx xxx Xxxx 0000 Xxxx-xxx-Xxxxxx Xxxxxx, Xxxxxxxxxxx

Mechanism of Payment. (a) MCD shall, within 30 days from the date of receipt of the Tipping Fee Statement pay to the Concessionaire Tipping Fee in accordance with the formulae given in this sub-article. The Tipping Fee payable by MCD for the previous month will depend on the level of segregation achieved during the said month as determined from the table below. The levels of segregation achieved would be ascertained by the Independent Consultant by conducting the Tests. Year of Operation Months from COD SB = Segregation Benchmark for corresponding Month ( in % terms)* R = Applicable Penalty for corresponding Months (in % terms) Year 1 1 – 12 0 NIL Year 2 13 – 24 5 15% Year 3 25 – 36 10 15% Year 4 37 – 48 12 15% Year 5 49 – 60 15 15% Year 6 61 – 72 18 15% Year 7 73 – 84 20 15% Year8 onwards 85 onwards 20 15% * The percentage of the total number of vehicle trips to the Landfill Site during the preceding month which have duly passed the Tests relating to level of biodegradability in accordance with the O&M Requirements. IF, the segregation level achieved for the particular Month is lower than the Segregation Benchmark (SB) as in the table above, then the Tipping Fee payable shall be calculated in accordance with the formula given below: Tipping Fee (TF) = [ QB + QNB ] * TFR * (1 - R/100) where, QB= Total Quantity of Biodegradable Substance during the preceding Month (in tons) QNB = Total Quantity of Non-biodegradable Substance during the preceding Month (in tons) TFR = Tipping Fee Rate payable by MCD per ton during the year in accordance with Schedule L. R = Reduction applicable for the particular month on non- achievement of Segregation Benchmark (SB) as presented in the table above. For assessing the Reduction the Concessionaire shall perform Test 1 as set out in the O&M Requirements and get it duly verified by the Independent Consultant. (b) MCD shall pay to the Concessionaire an amount equal to 97 1/2 % of the Tipping Fee payable to the Concessionaire for each month; (c) MCD shall deposit the balance 2 1/2 % of the Tipping Fee every month into a special account designated as “Retention Money Account”, opened with a bank acceptable to the Concessionaire, until monies in the said account accumulate to the extent of Rs. crores6. MCD shall thereafter pay the entire Tipping Fee to the Concessionaire until expiry/Termination of this Agreement. (d) Any delay in making payment by MCD in accordance with the Tipping Fee Statement shall, without prejudice to any other consequences under ...

Mechanism of Payment. (a) Prior to the Closing, Purchaser and the Sellers’ Representative shall enter into an agreement with the Paying Agent substantially in the form set forth in Exhibit D (the “Paying Agent Agreement”) providing for the payment of the portion of the Aggregate Closing Consideration payable pursuant to Section 1.6(a)(i) and any Additional Consideration payable to the Blocker Sellers and the Unitholders (other than any holder of Blocker Units) under Section 1.12(c) through Section 1.12(d) and Section 10.2(h)(ii). (b) As promptly as reasonably practicable after the date hereof, the Company shall deliver to each Unitholder (other than any holder of Blocker Units) a Letter of Transmittal in the form of Exhibit E (a “Letter of Transmittal”). Upon delivery by a Unitholder (other than any holder of Blocker Units) to the Paying Agent of a Letter of Transmittal, duly executed and completed in accordance with the instructions thereto (a “Completed LoT”), the Paying Agent shall pay to such Unitholder, as promptly as reasonably practicable following such delivery but in no event earlier than the Effective Time, cash in an amount equal to the portion of the Aggregate Closing Consideration payable to such Unitholder in accordance with Section 1.6(a)(i), which amount shall be paid by the Paying Agent by wire transfer of immediately available funds to the account designated by such Unitholder in such Unitholder’s Letter of Transmittal; provided that, to the extent any Unitholder (other than any holder of Blocker Units) has delivered a Completed LoT to the Paying Agent no later than two (2) Business Days prior to the Closing Date, the Parties intend that the Paying Agent shall, and shall instruct the Paying Agent to, make such payment of the portion of the Aggregate Closing Consideration payable to each such Unitholder in accordance with Section 1.6(a)(i) on the Closing Date; provided, however, that no Party shall have any Liability for any failure of the Paying Agent to make any such payment on the Closing Date. For the avoidance of doubt, (a) no Unitholder shall be entitled to receive any portion of the amounts payable pursuant to Section 1.6(a) until such Unitholder has delivered a Completed LoT to the Paying Agent and (b) no Unitholder shall be entitled to receive any amount payable under Section 1.6(a)(ii) until any such amount is otherwise payable in accordance with, and subject to specified contingencies set forth in, this Agreement. No interest or dividends shall be pa...

Mechanism of Payment. The payments due to Selexis under this Agreement shall be made by wire transfer or electronic fund transfer (at COMPANY’s discretion) to the credit and account of Selexis as follows : Bank Name : Account: ** To: Selexis S.A. 00, xxxxxx xxx Xxxx 0000 Xxxx-xxx-Xxxxxx Xxxxxx, Xxxxxxxxxxx ** Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. C1907v1 10 of 31 Neogenix Oncology

Mechanism of Payment. 22.2.1 The payment of this Annual Concession Fee shall be through the Escrow Account as per Article 24 of this Agreement.

Mechanism of Payment. 18.4.1 The mechanism of payment separately for Cost to ULB and Revenue Share to ULB, as the case may be has been provided below:

Mechanism of Payment. Boeing will pay all civil penalties under this Agreement by wire transfer to the United States of America. To complete the wire transfer, Boeing will need the following information: Receiver Bank Name: TREAS NYC Receiver ABA/Routing Number: Receiving Institution: U.S. Treasury c/o Federal Reserve Bank of New York 00 Xxxxxxx Xxxxxx New York, NY 10045 Account Number: Beneficiary: Reference: Federal Aviation Administration Boeing Global Settlement Attn: Xxxxx Xxxxxxx, AMK-322

Mechanism of Payment. Each Participating ULB shall, within [ ninety (90) ] days from the date of receipt of its Tipping Fee Statement:

Mechanism of Payment. (a) The Disbursing Agent shall act as a disbursing agent in effecting payments required to be made to the Owners pursuant to and in accordance with this Agreement and the Disbursing Agent Agreement. (b) As soon as practicable following the date hereof (and in any event in advance of the Partnership vote to approve this Agreement and the Transactions), the Partnership shall provide to each Owner a Letter of Transmittal substantially in the form of Exhibit K (each, a “Letter of Transmittal”) and an Owner Restrictive Covenant Agreement and Release substantially in the form of Exhibit L (an “Owner Restrictive Covenant Agreement and Release”). In order to give effect to the terms of each Letter of Transmittal and the Owner Restrictive Covenant Agreement and Release, the Letter of Transmittal (and all terms, provisions and agreements set forth in each Letter of Transmittal) and the Owner Restrictive Covenant Agreement and Release (and all terms, provisions and agreements set forth in each Owner Restrictive Covenant Agreement and Release) are hereby incorporated into this Agreement by this reference with the same force and effect as though each were fully set forth herein and each forms a part of this Agreement as if set forth herein in its entirety. (c) If an Owner delivers his or her duly completed and validly executed Letter of Transmittal and the Owner Restrictive Covenant Agreement and Release applicable to such Owner to Parent at least five (5) Business Days prior to the Closing Date, then at the Closing, the Disbursing Agent shall deliver to such Owner the aggregate Per Unit Cash Amount that such Owner is entitled to receive, as set forth in the Allocation Schedule, subject to any applicable withholding Tax requirements. (d) At the Closing, Parent shall deliver to the Partnership’s payroll provider for delivery to each Retiree at the Closing or within five (5) days following the Closing: (i) the portion of the Capital Account Amount to which such Retiree is entitled, if applicable, plus, (ii) any portion of the Retirement Payments to which such Retiree is entitled, plus, (iii) the portion of the Principal Loan Amount to which such Retiree is entitled, if applicable, plus (iv) any portion of the Undistributed Earnings to which such Retiree is entitled, as set forth in the Allocation Schedule, subject to any applicable withholding Tax requirements. (e) If at least five (5) Business Days prior to the Closing, an Owner delivers his or her duly completed and va...

Mechanism of Payment. (a) CNP shall, within 30 days from the date of receipt of the Tipping Fee Statement,Pay to the Concessionaire, only in Escrow account, an amount equal to 95% of the total amounts payable to Concessionaire (subject to the performance based marks scored) as stated in such Tipping Fee Statement. (i) Pay into a special account designated as “Post Closure Performance Account”, an amount equal to 5 % of the total amounts payable to Concessionaire as stated in such Tipping Fee Statement. Provided, however, the Concessionaire shall be eligible to receive at the end of each year, during the Active Operations Period, an amount equivalent to two-thirds of the amounts accrued in the Post Closure Performance Account during that year, subject to the Concessionaire furnishing of a bank guarantee of equivalent value in favour of CNP. Provided further that the bank guarantees shall be kept valid and co-terminus and shall be released with the Post Closure Performance Account payments due as stated in sub – article 8.3 (b) herein below. (b) The amounts in the Post Closure Performance Account would be payable to the Concessionaire during the Post Closure Period in 60 quarterly installments upon Cheque on the Post Closure Performance Account duly signed by CNP and the Concessionaire. (c) Any delay in making any payment in accordance with the Tipping Fee Statement shall, without prejudice to any other consequences under this Agreement, entail payment of interest on the amount in default at prevailing annual prime lending rate of State Bank of India calculated for the duration of delay. The period of delay shall be counted from 60 days after; the day of submission of the tipping Fee Statement. (d) All payments to the Concessionaire shall be made in Escrow account by way of Cheque/electronic transfer. All payments to CNP if applicable shall be made by way of demand draft in favour of Executive officer, CHAKRADHARPUR NAGARPARISHAD.