PAYMENT AND AUDIT Sample Clauses

PAYMENT AND AUDIT. PAYMENT, FUNDING AND AUDIT

PAYMENT AND AUDIT. 30 PAYMENT, FUNDING AND AUDIT

PAYMENT AND AUDIT. 7.1 The Company shall advise the Contractor of errors, or variations from the requirements of the Agreement, and of defects in the Work, but it is expressly agreed that any omission on the Company’s part to point out any such errors, variations, or defects or to provide any instructions or explanations will not give the Contractor any right or claim against the Company, and shall not in any way relieve the Contractor from its obligation to provide the Work in accordance with the Agreement. 7.2 Upon receipt of written notice from the Contractor that Work is completed and ready for inspection and acceptance, or as soon thereafter as may be convenient in light of the Emergency, the Company shall inspect the Work and determine if such Work has been fully performed in accordance with the terms and conditions of the Agreement. 7.3 If the Company determines the Work is not complete, its written notice of rejection shall include a list of items that the Contractor shall finish in order for the Work to be complete under the terms and conditions of the Agreement. The Contractor shall promptly provide for the Company’s review and approval a schedule detailing when all defects will be corrected and/or the Work completed. Upon approval by the Company, the Contractor shall remedy such defective and incomplete portions of the Work. The steps in Sections 7.2 and this Section 7.3 shall be repeated until the Company accepts the Work as complete and so notifies the Contractor of its acceptance. 7.4 Upon the Contractor’s satisfactory fulfillment of the requirements related to the Work, the Company will notify the Contractor of its acceptance of the Work (“Acceptance”). 7.5 Acceptance of the payment with regard to a particular piece of Work shall constitute a waiver of all claims by the Contractor related to such piece of work.

PAYMENT AND AUDIT. Licensee shall pay the Royalty for each quarter to Licensor pursuant to Section 3.2 on a quarterly basis within sixty (60) days after the end of each quarter. Sales made in foreign currency will be determined in the foreign funds for the country in which the Licensed Products are sold, and then converted into equivalent United States dollars at the rate of exchange for selling funds as published by the Wall Street Journal (or its successor publication) for the last business day prior to payment. Upon reasonable notice to Licensee, Licensor shall have the right to have an independent certified public accountant (the “CPA”), selected by Licensor and reasonably acceptable to Licensee, audit Licensee’s records, during normal business hours, to verify the Royalties payable by Licensee to Licensor; provided, however, that such audit shall not take place more frequently than once a year and shall not cover such records for more than the preceding two (2) years. The accountant shall only report to Licensor as to the accuracy of the payments paid by Licensee to Licensor, and in the event of any inaccuracy, the correct amount of such payment. Licensee shall promptly pay to Licensor the amount of any underpayment determined in such audit. Such audit shall be at Licensor’s expense unless the audit identifies greater than ten percent (10%) error, in which case such audit shall be at Licensee’s expense. Licensee shall preserve and maintain all such records and accounts required for audit for a period of two (2) years after the calendar quarter for which the record applies. The CPA and Licensor shall be required to agree to keep all such financial and business information of Licensee being examined confidential and not disclose such information to any third party or use same for any purpose other than as contemplated in this Agreement; and, if so requested by Licensee, shall sign a confidentiality agreement prepared by Licensee for such purpose.

PAYMENT AND AUDIT. Company shall xxxx the School/Government Supplier monthly for all charges or penalties specified in the Company's School/Government Pooling Service Rate Schedule. School/Government Supplier's payment of invoice shall be subject to the terms and conditions specified in the Company's School/Government Pooling Service Rate Schedule. If the School/Government Supplier objects to any portion of an invoice, the School/Government Supplier shall notify Company in writing within ten (10) business days from date of invoice. The School/Government Supplier agrees to pay that portion of the invoice not in dispute in accordance with the payment terms of Company's School/Government Pooling Service Rate Schedule. The Parties shall have the right, each at its own expense, upon reasonable notice and at reasonable times, to examine and audit and to obtain copies of the relevant portion of the books, records, and telephone recordings of the other Party only to the extent reasonably necessary to verify the accuracy of any invoice, monthly statement, charge, payment, or computation made under the Agreement. This right to examine, audit, and to obtain copies shall not be available with respect to proprietary information not directly relevant to transactions under this Agreement. All invoices, monthly statements, and xxxxxxxx shall be conclusively presumed final and accurate and all associated claims for under-or over- payments shall be deemed waived unless such invoices, monthly statements, or xxxxxxxx are objected to in writing with adequate explanation and/or documentation, within two (2) years after the month of gas delivery. All retroactive adjustments under this section shall be paid in full by the Party owing payment within thirty (30) days of a final resolution of a claimed adjustment or as otherwise provided in the Tariff.

PAYMENT AND AUDIT. 6.1 Buyer shall, unless otherwise agreed, or unless the Buyer has within 20 days after receipt of the invoice in writing disputed the invoiced amount, pay the Sales Price to Flowtec within 30 days after receipt of the invoice. 6.2 Buyer shall have the right to audit all documentation concerning supplies from Flowtec, which will be paid on a reimbursable basis by Buyer. Buyer shall have this right for the duration of the Agreement and for two calendar years following the year in which delivery was effected. 6.3 Unless otherwise agreed upon, payment shall be made as follows:

PAYMENT AND AUDIT. A. The OBS will be fully certified with current version of the PCI DSS as documented via a valid Letter of Attestation. B. The OBS will be Europay, MasterCard and VISA (EMV) compliant. C. The OBS will be compliant with European Union General Data Protection Regulations (EU-GDPR). D. The Company will prepare and submit to the Authority an OBS Annual Report on Compliance. E. The OBS will direct customers to a separate non-authority hosted site where all bankcard payments will be processed through the Company’s hosted servers; and it will redirect customers, post-transaction, back to the Authority website. F. The OBS will provide online real-time authorization for bankcard payments. G. For payments, bankcard information will be read and transmitted to the bankcard processor/acquirer (clearinghouse), which is currently Bank of America Payeezy and is subject to change during the Term of this Agreement. The clearinghouse will provide authorization for all bankcard purchase transactions. H. At the end of each business day, as mutually agreed by the Authority and the clearinghouse, the OBS will automatically provide necessary settlement data files. I. The OBS will accept multiple domestic credit cards including: 1. American Express. 2. Discover. 3. MasterCard.

PAYMENT AND AUDIT. From time to time, and at such times as Buyers’ Agent shall determine (not more frequently than monthly), Buyers’ Agent shall submit to each Buyer a request and requisition for payment by such Buyer of its proportionate share of expenses under this Agreement. Each Buyer shall pay or cause to be paid the amount of such request and requisition within thirty (30) days after receipt thereof. If a Party fails to pay any such request or requisition when due, interest shall accrue, to the extent permitted by law, at a rate equal to the Interest Rate as defined in the WP Agreement until payment is made. At such reasonable times as shall be requested by a Buyer, the books and cost records of Buyers’ Agent relevant to expenses under this Agreement shall be subject to audit by such Buyer, at such Buyer’s sole cost and expense.

PAYMENT AND AUDIT. 1. We will invoice You for the Software Licence Fee in accordance with Your licence type (Standard or Enterprise). The invoice will reflect the price agreed by You as specified in a quotation previously issued to You. 2. You will pay all invoices within thirty (30) days of receipt. 3. You will also be responsible for payment of all applicable taxes and other levies, including sales and use taxes, and this obligation will survive termination of this Licence. 4. We may charge You interest on the overdue amount at the rate of 4% per annum above Barclays Bank base lending rate from time to time. Such interest shall accrue on a daily basis from the due date until the date of actual payment of the overdue amount, whether before or after judgment. 5. You agree that We shall have the right (where We reasonably suspect that the terms of this Licence have not been complied with) upon 5 weeks’ prior notice to have (no more than once every 12 months) an independent third party auditor enter Your premises to audit any electronic media onto which the Software or any adaptation, modification or copy of the Software has been installed in order to verify compliance with this Licence. We shall instruct the auditor to avoid causing any unnecessary business disruption. Prior to exercising such right to audit We and/or the third party auditor shall if required by You enter into an appropriate and reasonable confidentiality agreement. We will pay the costs of any such examination or audit unless such audit shows that additional fees are payable by You or that You are otherwise in breach of this Licence, in which case You shall pay the costs of the examination or For the avoidance of doubt, to the extent that You need to redact or withhold certain information from the auditor due to a legal or regulatory obligation, You shall not be considered to be in breach of this clause 8.5. 6. Where We reasonably conclude that additional Licence Fees are due from You under this Licence, We shall make a request in writing. You shall pay such additional Licence Fees within thirty (30) days of the date of the request. Without prejudice to Our other rights and remedies, non-payment of such fees shall, without prejudice to any other rights that We might have, give Us the right to terminate this Licence with immediate effect. 7. If you continue to renew your subscription to the Software without interruption for successive Extended Terms (as is defined under 11.1) We will refrain for the first fou...

PAYMENT AND AUDIT. 6.1 Buyer shall, unless otherwise agreed, or unless the Buyer has within 20 days after receipt of the invoice in writing disputed the invoiced amount, pay the Sales Price to TiTech within 30 days after receipt of the invoice. 6.2 Buyer shall have the right to audit all documentation concerning supplies from TiTech, which will be paid on a reimbursable basis by Buyer. Buyer shall have this right for the duration of the Agreement and for two calendar years following the year in which delivery was effected. 6.3 Unless otherwise agreed upon, payment shall be made as follows: 1/3 at the signing of the Agreement 1/3 at date of submission of design documents to Buyer 1/3 at the time Buyer accept FAT as specified in the Agreement If letter of credit shall be raised, buyer shall pay all costs in connection with the opening and handling of it. 6.4 Should Buyer fail to pay within due dates(s), TiTech shall be entitled to as from due date to charge interest on overdue payments corresponding to 1,0 % per month. 6.5 Should Buyer fail to pay the amount due within a period of 2 (two) months due to other reasons than stipulated in clause 13, TiTech shall be entitled in writing to terminate the Agreement in accordance with clause 12.3.