Obligation and Payment Sample Clauses

Obligation and Payment. Invoicing

Obligation and Payment. Except as set forth in the Disputes clause of this Agreement, the CM’s liability to make payments to the Consortium Member will not exceed the amount of funds obligated and available for payment under each Project Agreement awarded under this Agreement.

Obligation and Payment. Obligation: Except as specified in Article V: Disputes, the Government’s liability to make payments to the COMPANY is limited only to those funds obligated under this Agreement or by modification to the Agreement. The ACC-NJ Contracting Activity may incrementally fund this Agreement. If modification becomes necessary in performance of this Agreement, pursuant to Article IV of this Agreement, the AO and the COMPANY shall establish and execute a mutually agreed to revised Schedule of Payable Milestones consistent with the current Project Plan.

Obligation and Payment. Section 5.01 Obligation Section 5.02 Project Payments Section 5.03 Accounting System Requirements Section 5.04 Invoicing Instructions

Obligation and Payment. (a) The CM shall submit payment requests and receiving reports using Wide Area Work Flow (WAWF). (b) Invoices will be handled in accordance with the Prompt Payment Act (31 U.S.C. 3903) and Office of Management and Budget (OMB) prompt payment regulations at 5 CFR part 1315. (c) The Government will compensate the CM using a Fixed Management Rate applied to all funding obligated to Project Agreements. The Fixed Management Rate is contained in a Rate Agreement letter and incorporated by reference. (1) A portion of the Fixed Management Rate (Milestone 0) will be paid to the CM only. Milestone 0 will be payable in two, equal installments. The first installment will be payable by the Government to the CM upon award of a new Project. The second Milestone 0 installment will be payable upon the completion or termination of a Project. The balance of the Fixed Management Rate will be applied to the Project Agreement milestone schedule and paid out by the Government through delivery and acceptance of the Project Agreement milestones. (2) The CM’s Fixed Management Rate is based on the estimated cost to manage the Consortium. The Government and CM have the right to renegotiate the Fixed Management Rate for the upcoming year. Such negotiations will be documented each year in a Rate Agreement letter signed by both parties to include the updated Fixed Management Rate and the payout amounts applicable to funding for Project Agreements in the subsequent year. If neither party exercises adjustments under this provision, the Fixed Management Rate will remain unchanged in the upcoming year. (d) Except as set forth in the Disputes section of this Agreement, the Government’s financial liability will not exceed the amount obligated and available for payment under this Agreement. (e) The CM, no more frequently than monthly, will prepare a request for payment, which will include the applicable, negotiated payable milestones for each project for the upcoming month and the applicable Fixed Management Rate in accordance with this section. This request shall also include a reconciliation of the previous payments received and milestones completed, and be adjusted accordingly. The CM shall submit a copy of the request for payment to the AOR or designee for approval. After approval by the AOR, the CM shall provide a copy of the approved request for processing to the designated Agreements Officer for payment approval via WAWF. Payment funds shall be maintained in an interest-bearing account ...

Obligation and Payment. (a) Obligation The Government’s liability to make payments to the Recipient is limited to only those funds obligated pursuant to this Advanced Agreement.

Obligation and Payment. 5.1 Obligation- The Government’s liability to make payments to the Coordinating Center is limited to only those funds obligated under this Agreement or by modification to the Agreement. The Government may incrementally fund this Agreement. 5.2 Payments- Payments for Phase II Clinical Trials will be expenditure or milestone based on the terms provided once the trials are identified. Payments for the Coordinating Center may be expenditure based. 5.2.1 In addition to any other financial reports provided or required, the Coordinating Center shall notify the USAMRAA AO immediately if any resource share contribution is not made as required. 5.2.2 Prior to the submission of invoices by the Coordinating Center, the Coordinating Center shall have and maintain an established accounting system which complies with Generally Accepted Accounting Principles and with the requirements of this Agreement and shall ensure that appropriate arrangements have been made for receiving, distributing and accounting for all funding. The Parties recognize that as a conduit, the Coordinating Center does not incur nor does it allocate any indirect costs of its own to the Network Sites cost directly incurred pursuant to this Agreement. Consistent with this, an acceptable accounting system will be one in which all cash receipts and disbursements are controlled and documented properly. 5.2.3 The Coordinating Center shall document the accomplishments of each milestone by submitting or otherwise providing a Milestone Report. The Coordinating Center shall submit one (1) copy of all invoices to the AOTR for payment approval. After written verification of the accomplishment of the milestone by the AOTR, and approval by the AO, the invoices will be forwarded to the payment office within fifteen (15) calendar days of receipt of the invoices at USAMRDC. 5.2.4 Address of Payee: (INSERT NAME AND ADDRESS OF PAYEE) 5.2.5 Payments will be made by the Defense Finance and Accounting Services office, as indicated below, within 30 (thirty) calendar days of an accepted invoice in Wide Area Workflow (WAWF). Wide Area Workflow (WAWF) is a secure web-based system for electronic invoicing, receipt and acceptance. The WAWF application enables electronic form submission of invoices, government inspection, and acceptance documents in order to support DoD’s goal of moving to a paperless acquisition process. Authorized DoD users are notified of pending actions by e-mail and are presented with a collection of documen...

Obligation and Payment. A. Obligation 1. The Government’s obligation to make payments to Recipient is limited to only those funds described in the Agreement or by modification to the Agreement. The Government is obligated to fund the amount of $43,588,145 for the work to be performed during the Base Period. The Government and Recipient are not obligated to fund work that is to be performed during the Option periods until an Option is exercised. Recipient is not obligated to perform work beyond that which has been funded by the Government. 2. If modification of the payment terms or schedule becomes necessary in performance of this Agreement, pursuant to Article III, section C, the ASPR OTAO and PML/PI Administrator shall execute a revised Statement of Work consistent with the then current Program Plan.

Obligation and Payment. A. Obligation Except as specified in Article VI: Disputes, NSTXL’s liability to make payments to PROJECT AGREEMENT HOLDER is solely limited to those funds obligated and paid by the Government to NSTXL under this Agreement.

Obligation and Payment. A. Obligation Except as specified in Article VII: Disputes, CAO’s liability to make payments to Project Agreement Awardee is limited to those funds obligated under the Project Task Assignments.