Pay When Paid Sample Clauses

Pay When Paid. 7.6.1 In the event of delayed payment or non-payment by Owner, Design-Build Subcontractor agrees that its claim for payment against Design-Builder (and the surety on any payment bond applicable to Design-Builder) shall be suspended and abated, on an interest-free basis, until such time as Design-Builder has had the opportunity to fully exhaust all of its legal remedies for payment against Owner, Owner’s property and /or any construction lender to Owner. Nothing herein shall be deemed to deny or limit Design-Build Subcontractor’s separate mechanic’s lien or stop payment notice rights against the Project property or funds.
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Pay When Paid. 6.6.1 Design Consultant agrees that all payments owed to Design Consultant hereunder, whether progress or final payment, or for changes or delays to the Services, shall not be due until
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Pay When Paid. 7.6.1 In the event of delayed payment or non-payment by Owner, Design-Build Subcontractor agrees that its claim for payment against Design-Builder (and the surety on any payment bond applicable to Design-Builder) shall be suspended and abated, on an interest-free basis, until such time as Design-Builder has had the opportunity to fully exhaust all of its legal remedies for payment against Owner, Owner’s property and /or any construction lender to Owner. Nothing herein shall be
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Pay When Paid. Unless the Commissions prepay Track Access Hosts prior to submitting Track Access Fee Reimbursement Forms, the Commissions shall remit payment to Track Access Hosts within five business days of receipt of payment from VPRA. If, for any reason, the Commissions cannot remit payment to one or more Track Access Hosts within five days, the Commissions shall immediately notify the Chief Financial Officer of VPRA (“CFO”) in writing, inform the CFO of the date the Commissions will remit payment to their Track Access Hosts, and deposit the payment received from VPRA in an interest-bearing account. The Commissions shall use all interest proceeds toward the applicable track access fees, reducing dollar-for-dollar the corresponding VPRA Funding Commitment. Depending upon the Commissions’ revised Track Access Host payment date, VPRA may require the Commissions to repay the funds to VPRA, rather than hold them in an interest-bearing account. If the Commissions fail to comply with this provision, VPRA may require the Commissions to prepay Track Access Hosts prior to submitting Track Access Fee Reimbursement Forms.
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Pay When Paid. The Commissions shall remit payment to Contractors within five business days of receipt of reimbursement from VPRA. If, for any reason, the Commissions cannot remit payment to one or more Contractors within five days, the Commissions shall immediately notify the Chief Financial Officer of VPRA (“CFO”) in writing, inform the CFO of the date the Commissions will remit payment to their Contractors, and deposit the reimbursement funds received in an interest-bearing account. The Commissions shall use all interest proceeds toward the applicable Project, reducing dollar-for-dollar the corresponding VPRA Funding Commitment. Depending upon the Commissions’ revised Contractor payment date, VPRA may require the Commissions to repay the funds to VPRA, rather than hold them in an interest-bearing account. If the Commissions fail to comply with this provision, VPRA may require the Commissions to prepay Contractors prior to submitting Project Reimbursement Forms.
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Related to Pay When Paid

  • Pay As compensation for the services provided, the Employee shall be paid

  • Payment of Other Taxes Without limiting the foregoing, Borrowers shall timely pay to the relevant Governmental Authority in accordance with Applicable Law, or at Agent’s option, timely reimburse Agent for payment of, any Other Taxes.

  • Payment of Other Taxes by the Company The Company shall timely pay to the relevant Governmental Authority in accordance with Applicable Law, or at the option of the Administrative Agent timely reimburse it for the payment of, any Other Taxes.

  • Premium Taxes If premium taxes are incurred, they will be deducted from the contract accumulation, to the extent permitted by law.

  • Taxes Other Than Income Taxes Upon the timely request by Interconnection Customer, and at Interconnection Customer’s sole expense, the Interconnected Transmission Owner shall appeal, protest, seek abatement of, or otherwise contest any tax (other than federal or state income tax) asserted or assessed against the Interconnected Transmission Owner for which Interconnection Customer may be required to reimburse Transmission Provider under the terms of this Interconnection Construction Service Agreement, or Part VI of the Tariff. Interconnection Customer shall pay to the Interconnected Transmission Owner on a periodic basis, as invoiced by the Interconnected Transmission Owner, the Interconnected Transmission Owner’s documented reasonable costs of prosecuting such appeal, protest, abatement, or other contest. Interconnection Customer and the Interconnected Transmission Owner shall cooperate in good faith with respect to any such contest. Unless the payment of such taxes is a prerequisite to an appeal or abatement or cannot be deferred, no amount shall be payable by Interconnection Customer to the Interconnected Transmission Owner for such contested taxes until they are assessed by a final, non-appealable order by any court or agency of competent jurisdiction. In the event that a tax payment is withheld and ultimately due and payable after appeal, Interconnection Customer will be responsible for all taxes, interest and penalties, other than penalties attributable to any delay caused by the Interconnected Transmission Owner.

  • Taxes Paid Each Borrower has paid all taxes applicable to, or imposed on or in relation to that Borrower, its business or the Ship owned by it.

  • Other Taxes In addition, to the fullest extent permitted by applicable law, the Borrower agrees to pay any present or future stamp or documentary taxes or any other excise or property taxes, charges or similar levies that arise from any payment made hereunder or from the execution, delivery or registration of, or otherwise with respect to, this Agreement, any Assignment or any Security Instrument (hereinafter referred to as "Other Taxes").

  • Payment of Other Taxes by the Borrower The Borrower shall timely pay to the relevant Governmental Authority in accordance with applicable law, or at the option of the Administrative Agent timely reimburse it for the payment of, any Other Taxes.

  • Premiums The premiums for insurance policies required pursuant to this Article must be paid as a common expense by the Owners' Association.

  • Payment of Other Taxes by the Borrowers Without limiting the provisions of subsection (a) above, each Borrower shall timely pay any Other Taxes to the relevant Governmental Authority in accordance with applicable law.

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