Method and Rate of Payment to Contractor Sample Clauses

Method and Rate of Payment to Contractor. In consideration of the services provided by Contractor in Exhibit “A”, County shall pay Contractor based on the following terms: Payment by County shall be made on a reimbursement basis upon claims for reimbursement being submitted by Contractor to County. Requests for reimbursement shall include copies of invoices paid together with warrants, canceled checks, or other proof that the invoices have been paid. The request must include a brief narrative description of the progress of the project and the items being reimbursed Upon written request to the Director of Housing, payments may be made directly to authorized third parties; Contractor must submit original invoices with the request. No such request will be approved for payments less than $10,000. The County will not be responsible for any charges levied by such third parties due to failure to make payments or to meet any time requirements set forth in their agreement with Contractor. Contractor shall certify in writing that the specific services for which reimbursement or payment is being requested have been satisfactorily completed, that the payments are proper and that all funds to be expended are on behalf of and exclusively for the Project. The County reserves the right to verify such completion prior to payment to Contractor. In the event of a questionable payment request, the County shall state in writing the specific nature of its objections to Contractor’s request. The County shall also specify what actions or changes are necessary to make the request or work acceptable. Contractor shall respond to County within 15 days of receipt of such objections. The parties to this Agreement shall meet to discuss such objections at the request of either party. The County will not be obligated to make a payment of any billing until any and all objections to the adequacy of the services rendered or the amount of the billing have been resolved. None of the funds shall be used for salary, fringe benefits or other compensation of employees of Contractor or its affiliates. Contractor shall submit a Quarterly Report within 30 days of the end of each quarter which shall detail the status of the Project. The report should be in the form of a narrative description of all activities performed in relation to the Project including all pre-development activities. The report should include a Project time-line and indicate the status of the Project in relationship to this time-line. Contractor must document any changes f...
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Method and Rate of Payment to Contractor. In consideration of the services and work provided by Contractor in Exhibit “A”, County shall provide funding through the Promissory Note based on the following procedures:
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Method and Rate of Payment to Contractor. In consideration of the services provided by Contractor in Exhibit “A”, County shall pay Contractor based on the following terms: County shall deposit the funds provided under this Agreement directly into an escrow to be established by Contractor at a reputable Title and Escrow Company mutually agree upon by County and Contractor, together with appropriate loan documents and escrow instructions. The funds may be disbursed in accordance with the escrow instructions when the Deeds of Trust can be recorded and CLTA Policies of Title Insurance can be issued to the County in the amount equal to the face value of the notes. Contractor shall submit a Quarterly Report within 30 days of the end of each quarter which shall detail the status of the project. The report should be in the form of a narrative description of all activities performed in relation to the project including all pre-development activities. The report should include a project time-line and indicate the status of the project in relationship to this time-line. Contractor must document any changes from the time-line submitted with the original application. This report requirement is in addition to any information submitted with requests for reimbursement; this requirement shall extend until completion of the project even if all of the funds provided under this Agreement have been expended.
Sample 1
Method and Rate of Payment to Contractor. In consideration of the services and work provided by Contractor in Exhibit “A”, County shall provide funding based on the following procedures: County shall deposit the funds provided under this Agreement directly into an escrow to be established by Contractor at a reputable Title and Escrow Company mutually agree upon by County and Contractor, together with appropriate loan documents and escrow instructions. The funds may be disbursed in accordance with the escrow instructions when the Deed of Trust can be recorded and CLTA Policies of Title Insurance can be issued to the County in the amount equal to the face value of the notes. Exhibit C Contractor’s Declaration Form I. CONTRACTOR INFORMATION Contractor Name: EPA CAN DO Phone: 000-000-0000 Contact Person: Xxxxxx Xxxxx, Exec. Dir. Fax: 000-000-0000 Address: 0000 Xxxxxxxxxx Xxxxxx, Xxxx Xxxx Xxxx, XX 00000
Sample 1
Method and Rate of Payment to Contractor. In consideration of the services provided by Contractor in Exhibit “A”, County shall pay Contractor based on the following terms:
Sample 1
Method and Rate of Payment to Contractor. In consideration of the services provided by Contractor in Exhibit “A”, County shall pay Contractor based on the following terms: County funds, less any reimbursements as called for in Exhibit A, Paragraphs J and K, shall be deposited into an escrow account with First American Title Insurance Company (Order Number 4103-2529884) along with the Note, Deed of Trust and appropriate escrow instructions. The title company shall provide to the County a Lenders policy in the amount of $539,004 to be paid for by Contractor. Exhibit C Contractor’s Declaration Form I. CONTRACTOR INFORMATION Contractor Name: HIP Housing Development Corporation Phone: 000-000-0000 Contact Person: Xxxxx Xxxxxxxx Fax: 000-000-0000 Address: 000 Xxxxx Xxxxxxxx Xxxxxx Xxx Xxxxx, XX 00000 II. EQUAL BENEFITS (check one or more boxes) Contractors with contracts in excess of $5,000 must treat spouses and domestic partners equally as to employee benefits. Contractor complies with the County’s Equal Benefits Ordinance by: offering equal benefits to employees with spouses and employees with domestic partners. offering a cash equivalent payment to eligible employees in lieu of equal benefits. Contractor does not comply with the County’s Equal Benefits Ordinance. Contractor is exempt from this requirement because: Contractor has no employees, does not provide benefits to employees’ spouses, or the contract is for less than $5,000. Contractor is a party to a collective bargaining agreement that began on (date) and expires on (date), and intends to offer equal benefits when said agreement expires.
Sample 1
Method and Rate of Payment to Contractor. In consideration of the services provided by Contractor in Exhibit “A”, County shall pay Contractor based on the following terms: All program income and carry-over funds received by the Contractor shall be sent to the County’s Department of Housing. Payment by County to Contractor shall be made on a reimbursement basis upon claims for reimbursement of rehabilitation loans made by and submitted by Contractor to County Department of Housing. Reimbursement shall include administrative costs to the program in addition to direct housing rehabilitation expenses. Maximum reimbursement to Contractor shall not exceed the amount of program income, as determined by the County staff, or $250,000, whichever is less.
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  • Date of payment Should the principal of or interest on the Notes become due and payable on other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and in the case of principal, interest shall be payable thereon at the rate per annum specified in the Notes during such extension.

  • MODE OF PAYMENT Subject to the terms of the Agreement and the Promoter abiding by the construction milestones, the Allottee shall make all payments, on demand by the Promoter, within the stipulated time as mentioned in the Payment Plan through A/c Payee Cheque / Demand Draft or Online Payment (as applicable) in favour of ' ' payable at .

  • Currency of Payment The contract price will normally be paid in the currency or currencies in which the price has been stated. The purchaser, however, reserves the right to make payments in the currencies of the countries of origin of goods and services at the exchange rates applicable at the time of payment of the contract price.

  • Salary Rate on Demotion When an employee is demoted the employee shall receive the rate for the position if a single salary. If a salary range is established, the maximum reduction shall be the closest step to 8%, but where the differential between the employee's salary before demotion and the maximum salary of the lower position is greater than 8%, the new salary shall be the maximum of the new position.

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