Payment and interest on late payment Sample Clauses

Payment and interest on late payment. 29.1 Payments will be made in accordance with the following the option: 1 Maximum pre-financing payment4 <Maximum amount> <X> %5

Payment and interest on late payment. 29.1 Payments will be made in accordance with the following the option: 1st month Maximum pre-financing payment4 3% Quarterly payments Interim payments 80% 9th month Balance 17% Total 100% By derogation from article 29 the verification will be made by the contracting authority and all references to an expenditure verification report will not be applicable. 29.3 By derogation from Article 29.3 of the general conditions, once the deadline set in Article 29.1 has expired, the contractor will, upon demand, be entitled to late-payment interest at the rate and for the period mentioned in the general conditions submitted The demand must be submitted within two months of receiving late payment.

Payment and interest on late payment. 29.1 Payments will be made in accordance with the following the option: 1 Maximum pre-financing payment1 <Maximum 40 % of the contract value> <Month/ year number> [If applicable: Interim payment ] <X % of the contract value> <Month/ year number> Balance <Maximum 60 % of the contract value> Total <Total contract value> By derogation, the payments to the contractor of the amounts due under interim and final payments shall be made within 90 days after receipt by the contracting authority of an invoice and of the reports, subject to approval of those reports in accordance with Article 27 of the general conditions. 29.3 By derogation from Article 29.3 of the general conditions, once the deadline set in Article 29.1 has expired, the contractor will, upon demand, be entitled to late-payment interest at the rate and for the period mentioned in the general conditions submitted The demand must be submitted within two months of receiving late payment.

Payment and interest on late payment. 29.1 Payments shall be made in accordance with the following the option: Option 1: Fee-based contract 1 Maximum pre-financing payment4 <Maximum amount> <X> %5 6-monthly Interim payments <amount (balance of pre-financing payment and forecast balance)> <Month number> Forecast balance 10 % of the maximum contract value Total <maximum contract value> The actual amounts payable after the pre-financing payment will vary. They shall be based on the contractor’s invoice accompanied by an interim progress report and an expenditure verification report and are subject to approval of the reports in accordance with Article 27 of the general conditions. The interim invoices must be paid such that the sum of the payments does not exceed 90 % of the maximum contract value stated in Article (2) of the contract. Payment of the balance of the final value of the contract, subject to the maximum contract value stated in Article (2) of the contract, is made after deduction of the amounts already paid, within 90 days of the contracting authority receiving an invoice accompanied by the final progress report and a final expenditure verification report, the incidental expenditure and expenditure verification actually incurred during the period, subject to approval of those reports. Option 2: Global price contract 1 Maximum pre-financing payment6 <Max. 40 % of the contract value> <Month/ year number> [If applicable: Interim payment ] <X % of the contract value> <Month/ year number> Balance <Maximum 60 % of the contract value> Total <Total contract value> [Contract in indirect management under the general budget of the Union only: By derogation, the payments to the contractor of the amounts due under interim and final payments shall be made within 90 days after receipt by the contracting authority of an invoice and of the reports, subject to approval of those reports in accordance with Article 27 of the general conditions.] [Contract under 10th EDF only: By derogation, the pre-financing payment shall be made within 90 days from the date on which an admissible invoice is registered by the contracting authority. The interim and final payments to the contractor of the amounts due shall be made within 90 days following approval of the reports in accordance with Article 27 of the general conditions, after receipt by the contracting authority of an admissible invoice.] [Contract in indirect management under 11th EDF only where the Commission executes payments: By derogation, the pre-financ...

Payment and interest on late payment. 29.1 Payments will be made in accordance with the following the option: 1 Maximum pre-financing payment4 <Maximum 40 % of the contract value> 1 Balance <Maximum 60 % of the contract value> Total <Total contract value> By derogation, the payments to the contractor of the amounts due under final payments shall be made within 10 days after receipt by the contracting authority of an invoice and of the reports, subject to approval of those reports in accordance with Article 27 of the general conditions. 29.3 By derogation from Article 29.3 of the general conditions, once the deadline set in Article 29.1 has expired, the contractor will, upon demand, be entitled to late-payment interest at the rate and for the period mentioned in the general conditions submitted The demand must be submitted within two months of receiving late payment.]

Payment and interest on late payment. 8.1 Payments shall be made in accordance with the following the option: The payment to the contractor of the amount due under final payment shall be made within 30 days after receipt by the contracting authority of an invoice and of the report, subject to approval of those reports in accordance with Article 27 of the general conditions. 8.2 Payments shall be made in BAM in accordance with Articles 20.6 and 29.4 of the general conditions into the bank account notified by the contractor to the contracting authority.

Payment and interest on late payment. 29.1 Payments will be made in accordance with the following the option: 1 Maximum pre-financing payment4 <Maximum 40 % of the contract value> <Month/ year number> [If applicable: Interim payment ]ref to TORs <X% of the contract value> <Month/ year number> Balance <Maximum 60 % of the contract value> Total <Total contract value>

Payment and interest on late payment. 29.1 Payments will be made in accordance with the following the option: 1 Maximum pre-financing payment4 Max. 40 % of the contract value 8 Balance Maximum 60 % of the contract value Total <Total contract value> By derogation, the payments to the contractor of the amounts due under interim and final payments shall be made within 90 days after receipt by the contracting authority of an invoice and of the reports, subject to approval of those reports in accordance with Article 27 of the general conditions. By derogation, the pre-financing payment shall be made within 90 days from the date on which an admissible invoice is registered by the contracting authority.

Payment and interest on late payment. 29.1 Payments will be made in accordance with the following the option: Completion of Result 4 Completion of Result 3 Completion of Result 2 Completion of Result 1 By derogation, the payments to the Contractor of the amounts due under interim and final payments shall be made within 90 days after receipt by the Contracting Authority of an invoice and of the reports, subject to approval of those reports in accordance with Article 27 of the General Conditions. 29.2 Payments will be made in Lebanese pounds in accordance with Articles 20.6 and 29.4 of the General Conditions.

Payment and interest on late payment. 9.1 Payments shall be made in accordance with terms as set out in the Further Agreement. 9.2 Payments shall be made in euro in accordance with Article 17.1 of the General Term and Conditions for Purchase into the bank account notified by the Contractor to FMO.