Obligation and Payment Sample Clauses

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