Mode of Billing and Payment Sample Clauses

Mode of Billing and Payment. Xxxxxxxx and payments in respect of the Services shall be made as follows: (a) Within the number of days after the Effective Date specified in the SC, the Client shall cause to be paid to the Consultant advance payments in foreign currency and in local currency as specified in the SC. When the SC indicate advance payment, this will be due after provision by the Consultant to the Client of an advance payment security acceptable to the Client in an amount (or amounts) and in a currency (or currencies) specified in the SC. Such security (i) to remain effective until the advance payment has been fully set off, and (ii) to be in the form set forth in Appendix H hereto, or in such other form as the Client shall have approved in writing. The advance payments will be set off by the Client in equal installments against the statements for the number of months of the Services specified in the SC until said advance payments have been fully set off. (b) As soon as practicable and not later than fifteen (15) days after the end of each calendar month during the period of the Services, or after the end of each time intervals otherwise indicated in the SC, the Consultant shall submit to the Client, in duplicate, itemized statements, accompanied by copies of invoices, vouchers and other appropriate supporting materials, of the amounts payable pursuant to Clauses GC 6.3 and GC 6.4 for such month, or any other period indicated in the SC. Separate statements shall be submitted in respect of amounts payable in foreign currency and in local currency. Each statement shall distinguish that portion of the total eligible costs which pertains to remuneration from that portion which pertains to reimbursable expenses. (c) The Client shall pay the Consultant’s statements within sixty (60) days after the receipt by the Client of such statements with supporting documents. Only such portion of a statement that is not satisfactorily supported may be withheld from payment. Should any discrepancy be found to exist between actual payment and costs authorized to be incurred by the Consultant, the Client may add or subtract the difference from any subsequent payments. Interest at the annual rate specified in the SC shall become payable as from the above due date on any amount due by, but not paid on, such due date.

Mode of Billing and Payment. 40.1 The total payments under this Contract shall not exceed the Contract price set forth in Clause GCC 38.1. 40.2 The payments under this Contract shall be made in lump-sum installments against deliverables specified in Appendix A. The payments will be made according to the payment schedule stated in the SCC.

Mode of Billing and Payment. 52.1 Billings and payments in respect of the Services shall be made as follows:

Mode of Billing and Payment. Billing and payments in respect of the Services shall be made as follows: (a) Deleted. (b) As soon as practicable and not later than fifteen (15days) after the end of each calendar month during the period of the Services, the Consultants shall submit to the Client, in duplicate, itemized statements, accompanied by copies of receipted invoices, vouchers and other appropriate supporting materials, of the amounts payable pursuant to Clauses GC6.3 and 6.4 for such month. Each monthly statement shall distinguish that portion of the total eligible costs which pertains to remuneration from that portion which pertains to reimbursable expenditures. (c) The Client shall cause the payment of the Consultants periodically as given in schedule of payment above within thirty (30) days after the receipt by the Client of bills with supporting documents. Only such portion of a monthly statement that is not satisfactorily supported may be withheld from payment. (d) The final payment under this Clause shall be made only after the final report and a final statement, identified as such, shall have been submitted by the Consultants and approved as satisfactory by the Client. The Services shall be deemed completed and finally accepted by the Client and the final report and final statement shall be deemed approved by the Client as satisfactory ninety (90) calendar days after receipt of the final report and final statement by the Client unless the Client, within such ninety (90)-day period, gives written notice to the Consultants specifying in detail deficiencies in the Services, the final report or final statement. The Consultants shall there upon promptly make any necessary corrections, and upon completion of such corrections, the foregoing process shall be repeated. Any amount which the Client has paid or caused to be paid in accordance with this Clause in excess of the amounts actually payable in accordance with the provisions of this Contract shall be reimbursed by the Consultants to the Client within thirty, (30) days after receipt by the Consultants of notice thereof. Any such claim by the Client for reimbursement must be made within twelve (12) calendar months after receipt by the Client of a final report and a final statement approved by the Client in accordance with the above. (e) All payments under this Contract shall be made to the account of the Consultants specified in the SC.

Mode of Billing and Payment. Xxxxxxxx and payments in respect of the services shall be made as follows :- (a) Within thirty (30) day after giving notice to proceed and on the 15th day of each succeeding month thereafter except the last during the performance of the Services, the Government shall cause to be deposited to the account of the Consultant, in the name of the amount as set forth in Schedule E. (b) As soon as practicable but not later than thirty (30) days after the end of each calendar month during the period of the Services, the Consultant shall submit to the Government, in duplicate itemised statements, accompanied by proper invoices, vouchers and other appropriate supporting materials, of the amounts payable pursuant to Clause 3.03 for such month. Each such separate monthly statement shall distinguish that portion of the total eligible costs which pertains to remuneration from that portion which pertains to the out-of-pocket expenses and shall be in accordance with the Malaysian Government’s General Orders, Treasury Instructions and other relevant instructions in force at the time. The remuneration and the out-of-pocket expenses shall be expressed in Ringgit Malaysia. The statement pertaining to remuneration shall show the time actually spent by each Personnel and charging rate for the month which is being billed. (c) In the event that there is a significant discrepancy between the payments made pursuant to the Payments Schedule set forth is Schedule E and the actual expenditures of the Consultant, the Government may require the Consultant to prepare a modified schedule or schedule which shall take effect after approval by the Government. In the event that the Consultant does not promptly prepare such modified schedule or schedules which shall take effect after approval by the Government, the Government itself may prepare a modified schedule or schedules deemed appropriate and these shall take effect upon preparation. (d) Payments in respect of any costs which would exceed the estimates set forth in Schedule D-1 may be chargeable to the contingency amounts provided for in the respective estimates only if such costs are approved by the Government prior to being incurred. (e) The Government may by giving written notice thereof withhold the payments at any time if in its opinion, progress of the Consultant’s work fails to measure up to the aggregate payments made to date. (f) The Consultant may apply to the Government to review its decision to withhold payments by submitting...

Mode of Billing and Payment. Xxxxxxxx and payments in respect of the Services shall be made as follows: a) Within 10 days after giving notice to proceed, the PHC shall cause to be paid to the SRSO advance payments of % recurring costs and % programme costs as per schedule agreed and provided in the Appendix E in local currency. The advance payments will be adjusted by the PHC against the statements of expenditure received from SRSO. Progress payments will be released quarterly on the basis of satisfactory quarterly and annual reports submitted to the PHC. b) As soon as practicable and not later than fifteen days after the end of each quarter during the period of the Services, the SRSO shall submit to the PHC, in duplicate itemized statements of the amounts payable pursuant to Section 3.03 for each quarter. c) The PHC shall cause the payment on SRSO's quarterly statements within 20 days after the receipt by the PHC of such statements in such manner that SRSO should always have funds equal to one month's expenditure on hand. d) Final payment under this Section shall be made only after the final report and a final statement, identified as such, shall have been submitted by the SRSO and approved as satisfactory by the PHC. Any amount which the PHC has paid or caused to be paid in accordance with this Section in excess of the costs actually incurred shall be reimbursed by the SRSO to the PHC within 30 days after receipt by the SRSO of notice hereof.

Mode of Billing and Payment. The total payments under this Contract shall not exceed the Contract price set forth in Clause GCC 38.1.

Mode of Billing and Payment. Billing and payments in respect of the Services shall be made as follows:- (a) The Client shall cause to be paid to the Consultant an advance payment/ mobilization advance for fifteen percent (15%) of Contract Price. The advance payment will be due after submission by the Consultant to the Client of a bank guarantee by a bank acceptable to the Client for the said amount, such bank guarantee (i) to remain effective until total payments under the contract reach fifty percent (50%) of the Contract Price, and (ii) in such form at Appendix IV.

Mode of Billing and Payment. As stipulated in article (5) of the banking secrecy law dated 3/9/1956 and as stipulated in the resolution of the Council of Ministries No.4 dated 28/4/2020, the Contractor/Consultant agrees to lift banking secrecy over the bank account used to deposit or transfer public funds related to this Contract. Billings and payments in respect of the Services shall be made as follows: (a) Within 60 days after the Effective Date and receipt of a bank guarantee to the amount of the advance payment, the Client shall cause to be paid to the Consultant an advance payment of 10% of the Contract amount mentioned in Clause 6.1. The advance payment will be set off by the Client by percentage deduction of 20% from each payment (except the advance payment) until the advance payment has been fully set off. The bank guarantee shall be issued to the Client by a bank located in Lebanon or from a foreign bank through its correspondent in Lebanon and remain effective until the advance payment has been completely set off as provided above. The bank guarantee shall be in a form as specified in Appendix H hereto. (b) The Consultant shall be paid according to the percentage stated in Clause 6.1 above, applicable on each invoice related to the Executed Works presented by the Contractors and approved by the Client (before deductions for retention and advance payment recovery). (c) The Client shall cause the payment of the Consultant’s statements within sixty (60) days of receipt by the Client of invoice with supporting documents. Only such portion of a statement that is not satisfactorily supported may be withheld from payment. Should any discrepancy be found to exist between actual payment and cost authorized to be incurred by the Consultant; the Client may add or subtract the difference from any subsequent payments. In the event of the failure of the Client to make payment within the time stated above, the Client shall pay to the Consultant a simple interest at annual rate of Libor + 2%. (d) The final payment under this Clause shall be made only after the final report and a final statement, identified as such, shall have been submitted by the Consultant and approved as satisfactory by the Client. The Services shall be deemed completed and finally accepted by the Client and the final report and final statement shall be deemed approved by the Client as satisfactory ninety (90) calendar days after receipt of the final report and final statement by the Client unless the Client, within such...

Mode of Billing and Payment. ‌ Billing and payments in respect of the Services shall be made as follows: (a) As soon as practicable and preferably within thirty (30) days after the end of each calendar month during the period of the Services, the Consultant shall submit to the Client, in duplicate, itemized statements, accompanied by copies of receipted invoices, vouchers and other appropriate supporting materials, of the amounts payable for such month. Monthly statement shall distinguish that portion of the total eligible costs which pertains to remuneration from that portion which pertains to reimbursable direct costs expenditure. In case of a joint venture, separate monthly statements shall be submitted in respect of amounts payable to each Member of the joint venture of the Consultant. (b) The Client shall cause the payment of the Consultant's monthly statements within twenty-eight (28) days after the receipt by the Client of such statements with supporting documents. Only such portion of a monthly statement that is not satisfactorily supported may be withheld from payment. Should any discrepancy be found to exist between actual payment and costs authorized to be incurred by the Consultant, the Client, after seeking clarification from the Consultant, may add or subtract the difference from any subsequent payments. (c) The final payment under this Clause shall be made only after the final report and a final statement, identified as such, shall have been submitted by the Consultant and approved as satisfactory by the Client. The Services shall be deemed completed and finally accepted by the Client and the final report and final statement shall be deemed approved by the Client as satisfactory ninety (90) calendar days after receipt of the final report and final statement by the Client unless the Client, within such ninety (90) days period, gives written notice to the Consultant specifying in detail deficiencies in the Services, the final report or final statement. The Consultant shall thereupon promptly make any necessary corrections, and upon completion of such corrections, the foregoing process shall be repeated. Any amount which the Client has paid or caused to be paid in accordance with this Clause in excess of the amounts actually payable in accordance with the provisions of this Agreement shall be reimbursed by the Consultant to the Client within thirty (30) days after receipt by the Consultant of notice thereof. Any such claim by the Client for reimbursement must be made withi...