Operations Payment Sample Clauses

Operations Payment. Within each Operations period identified above, Contractor shall be entitled to bill for Operations in equal monthly installments. During any state fiscal year the Department may withhold up to twelve (12%) percent of the Contractor’s annual compensation for Operations for failure to perform. No amount shall be withheld when failure to perform is due solely to another’s action or failure to act, including, without limitation, the Departments’ action or failure to act. The amount withheld for failure to perform a requirement or to meet a performance standard under this Contract shall be released to the Contractor upon presentation to the Department of a successful completion of a corrective action plan to correct the performance failure for which the amount was withheld. If there is an amount withheld at termination of this Contract or at the end of the Contract term, the amount withheld shall be placed in escrow, and the Contractor and the Department shall agree on steps the Contractor shall take to earn the balance in escrow. Overpayments Recovered: In addition, the Contractor shall be paid on a contingent fee basis, as set forth below, for any reviews/audits conducted pursuant to Section 6.2.6 of the RFP that are completed between January 1, 2012 and the expiration or termination of the Contract that result in actual Overpayment recoveries regardless of whether the Overpayment recovery occurs during the Contract Term or thereafter. Overpayments Contingency Fee Payment: Contractor will be paid a percentage of the actual Overpayment recoveries received for each preceding month. Actual Overpayment recoveries are the Overpayment amounts identified by the Contractor that are obtained by DHS from the provider through any means, including set-off against payments. If the provider is refunding the Overpayment in installments, the Contractor fee will be based on the actual amounts paid to DHS as they are received. Contingency fee payments for services related to Overpayment recoveries shall be based on Overpayment amounts recovered by DHS and not on Overpayment amounts identified. If IME receives an Overpayment and pays Contractor based on that received Overpayment but on a subsequent appeal, there is a finding overturning the Overpayment determination, then Contractor shall repay the State in an amount consistent with the overturned Overpayment determination. Such repayments may take place through credits identified on monthly invoices. Based on recovery reports...
Sample 1
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Operations Payment. Contractor will invoice monthly during the operational phase of this contract. Each month’s invoice will equal 1/12th of the Yearly price as indicated below. Line Item Description Total First Year of Operations $ 1,945,721.67 Second Year of Operations $ 1,996,711.47 Third Year of Operations $ 2,042,123.96 Fourth Year of Operations $ 2,088,898.83 Fifth Year of Operations $ 2,269,603.54 First Optional Year $ 2,347,350.88 Second Optional Year $ 2,402,558.11 Third Optional Year $ 2,459,421.56 Forth Optional Year* $ 2,510,745.92 Option Month $ 209,228.83 Total $ 17,224,942.38 Final Payment: The Department may retain the final payment due Contractor pursuant to this Contract until Contractor has completed all Responsibilities as set forth in this Contract and the Department has fully closed out this Contract.
Sample 1
Operations Payment. The Contractor and DOM agree to the monthly Operations invoicing and payment schedule as finalized during Contract negotiations. Failures as a result of the Contractor shall result in penalties being assessed as outlined in Section 2.b. of this Contract.
Sample 1
Operations Payment. ‌ The Operations Payment before inflation is stated by the PPP company in Appendix 2 to the PPP contract, the tender sheet. The Operations Payment is based on the estimated assumptions set out in Appendix 1 (Functional Requirements) for normal operation, including in relation to amounts of waste, rainwater and wastewater, level of treatment and composition of wastewater. The Operations Payment consists of three sub-components: • A payment for operations related to waste A fixed amount payable quarterly in advance. • A payment for operations related to rainwater. A fixed amount payable quarterly in advance. • A payment for operations related to wastewater. A fixed amount payable quarterly in advance to cover up to 75,000 m3 of wastewater. Plus a variable annual payment in arrears for the amount of wastewater exceeding 75,000 m3 at a unit price defined by the PPP company. The PPP company is ensured a fixed income for recovery of fixed costs (and up to 75,000 m3 of wastewater) as well as a variable payment for recovery of any additional costs as a result of larger amounts of wastewater. The Operations Payment is regularly adjusted for inflation according to the provisions of clause 3 of this appendix.
Sample 1

Related to Operations Payment

  • Payments and Completion Payments may be withheld because of (1) defective work not remedied; (2) failure of contractor to make proper payments to subcontractors, workers, or suppliers; (3) persistent failure to carry out work in acceptance with this Agreement or these general conditions, or (4) legal claims. Final payment will be due after complete release of any and all liens arising out of the contract or submission of receipts or other evidence of payment covering all subcontractors or suppliers who could file such a lien. The contractor agrees to indemnify the Owner against such liens and will refund all monies including costs and reasonable attorney’s fees paid by the owner in discharging the liens. A 10 percent holdback is required by the lender to assure the work has been properly completed and there are no liens against the property. Owners Initials: Contractor’s Initials: -Continued on Page Three-

  • FACILITIES, PAYMENTS AND SERVICES 18 A. CONTRACTOR agrees to provide the services, staffing, facilities, and supplies in accordance 19 with this Agreement. COUNTY shall compensate, and authorize, when applicable, said services. 20 CONTRACTOR shall operate continuously throughout the term of this Agreement with at least the 21 minimum number and type of staff which meet applicable federal and state requirements, and which are 22 necessary for the provision of the services hereunder.

  • Interim payments Interim payments are intended to reimburse the beneficiary for expenditure on the basis of a detailed statement of the costs incurred, once the action has reached a certain level of completion. It may clear all or part of any pre-financing. By the appropriate deadline indicated in Article I.5, the beneficiary shall submit a request for interim payment accompanied by the following documents: - an interim report on implementation of the action; - an interim financial statement of the eligible costs actually incurred, following the structure of the estimated budget; - where required by the provisions of Article I.4 on interim payment, a certificate on the action's financial statements and underlying accounts, produced by an approved auditor or, in case of public bodies, by a competent and independent public officer. The certificate shall certify, in accordance with a methodology approved by the Commission, that the costs declared by the beneficiary in the financial statements on which the request of payment is based are real, accurately recorded and eligible and that all receipts have been declared, in accordance with the agreement. The documents accompanying the request for payment shall be drawn up in accordance with the relevant provisions in Article I.5 and the annexes. The beneficiary shall certify that the information provided in his request for payment is full, reliable and true. He shall also certify that the costs incurred can be considered eligible in accordance with the agreement, that all receipts have been declared, and that his request for payment is substantiated by adequate supporting documents that can be checked. On receipt of these documents, the Commission shall have the period specified in Article I.4 in order to: - approve the interim report on implementation of the action; - ask the beneficiary for supporting documents or any additional information it deems necessary to allow the approval of the report; - reject the report and ask for the submission of a new report. Failing a written reply from the Commission within the time limit for scrutiny indicated above, the report shall be deemed to have been approved. Approval of the report accompanying the request for payment shall not imply recognition of the regularity or of the authenticity, completeness and correctness of the declarations and information it contains. Requests for additional information or a new report shall be notified to the beneficiary in writing. If additional information or a new report is requested, the time limit for scrutiny shall be extended by the time it takes to obtain this information. The beneficiary shall be informed of that request and the extension of the delay for scrutiny by means of a formal document. The beneficiary shall have the period laid down in Article I.4 to submit the information or new documents requested. Extension of the delay for approval of the report may delay the payment by the equivalent time. Where a report is rejected and a new report requested, the approval procedure described in this article shall apply. In the event of renewed rejection, the Commission reserves the right to terminate the agreement by invoking Article II.11.2 (b).

  • Progress Payments 5.1.1 Based upon Applications for Payment submitted to the Architect by the Contractor and Certificates for Payment issued by the Architect, the Owner shall make progress payments on account of the Contract Sum to the Contractor as provided below and elsewhere in the Contract Documents.

  • Invoices; Payment The City will accept invoices no more frequently than once per month. Each invoice shall fully detail the related costs and shall specify the status of the particular task or project as of the date of the invoice with regard to the accepted schedule for that task or project. Payment will be made within forty-five (45) days after receipt of an invoice acceptable to the City, in accordance with the Florida Local Government Prompt Payment Act. If, at any time during the contract, the City shall not approve or accept the Contractor's work product, and agreement cannot be reached between the City and the Contractor to resolve the problem to the City's satisfaction, the City shall negotiate with the Contractor on a payment for the work completed and usable to the City.

  • Eligible Expenditures 1. Subject to Article 8.7 of the Regulation, eligible expenditures of this Programme are:

  • Progress Payments; Retainage A. Owner shall make progress payments on account of the Contract Price on the basis of Contractor’s Applications for Payment on or about the first day of each month during performance of the Work as provided in Paragraph 6.02.A.1 below, provided that such Applications for Payment have been submitted in a timely manner and otherwise meet the requirements of the Contract. All such payments will be measured by the Schedule of Values established as provided in the General Conditions (and in the case of Unit Price Work based on the number of units completed) or, in the event there is no Schedule of Values, as provided elsewhere in the Contract.

  • Interim payment At the end of each of the periods indicated in Annex I the Contractor shall submit to the Agency a formal request for payment accompanied by those of the following documents which are provided for in the Special Conditions: ➢ an interim technical report in accordance with the instructions laid down in Xxxxx X; ➢ the relevant invoices indicating the reference number of the Contract and of the order or specific contract to which they refer;

  • Xxxx Payments You may authorize new payment instructions or edit previously authorized payment instructions for xxxx payments that are either periodic and nonrecurring (e.g., payments on merchant charge accounts that vary in amount) or automatic and recurring (e.g., fixed mortgage payments). When you transmit a xxxx payment instruction to us, you authorize us to transfer funds to make the xxxx payment transaction from the account you designate. We will process xxxx payment transfer requests only to such payees as you authorize and for whom the Credit Union has the proper vendor code number. The Credit Union will not process any xxxx payment transfer if the required transaction information is incomplete. If there are insufficient funds in your account to make the xxxx payment request, we may either refuse to make the payment or make the payment and transfer funds from any overdraft protection account you have established. The Credit Union reserves the right to refuse to process payment instructions that reasonably appear to the Credit Union to be fraudulent or erroneous. The Credit Union will withdraw the designated funds from your account by 9:00am on the date of the scheduled payment if scheduled on a business day. If scheduled on a non-business day, the Credit Union will withdraw the funds by 9:00am on the first business day after the scheduled date. It is your responsibility to schedule your xxxx payments in such a manner that your obligations will be paid on time. You should enter and transmit your xxxx payment instructions at least 10 days before a xxxx is due. You are responsible for any late payments or finance charges that may be imposed as a result of your failure to transmit timely payment authorization. You may cancel or stop payment on periodic xxxx payments and automatic, recurring xxxx payment instructions under certain circumstances. If you discover an error in or want to change a payment instruction (e.g., payment date or payment amount) for a periodic or automatic payment you have already scheduled for transmission through online or mobile banking, you may electronically edit or cancel your payment through online or mobile banking. Your cancellation request must be entered and transmitted before the date you have scheduled for payment. If your request is not entered in time, you will be responsible for the payment. If you wish to place an oral stop payment on an automatic, recurring xxxx payment transaction, the Credit Union must receive your oral stop payment request at least three (3) business days before the next payment is scheduled to be made. You may call the Credit Union at the telephone number set forth in Section 4 (Member Liability) to request a stop payment. If you call, the Credit Union may require you to confirm your stop payment request in writing within 14 days after the call.

  • Periodic Progress Payments The Owner shall make progress payments, less retainage, as set forth in Section 4 of the General Conditions.

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