Payment and Reconciliation. 8.1 All payments and sums referred to in this Agreement are subject to VAT.
8.2 All invoices are due for payment in full within 28 days of the date of issue (“the Due Date”).
8.3 Without imposing any obligation on MCPS to accept late payment and without prejudice to any rights and remedies MCPS may have by virtue of any failure of the Licensee to pay the licence fees specified in this Agreement by the Due Date, MCPS will be entitled to charge interest on the licence fees from the Due Date(s) at 3% above the National Westminster Bank base rate. MCPS shall also be entitled to charge the higher of: (i) interest at 3% above the National Westminster Bank base rate; and (ii) £100 (on hundred pounds) in respect of each episode of a Programme or item of Made for Online Material within which a Use is identified, where payment is later than it would otherwise be as a result of the Licensee failing to deliver full and accurate reporting information in accordance with the timescales set out in clause 9 below.
8.4 Where the Licensee exercises the grant of rights under clause 2.7 during the Term, the Licensee shall pay to MCPS the Advance in instalments, the invoices for which will be issued by MCPS on a quarterly basis.
8.5 Following the end of each Contract Year during the Term and following submission by the Licensee of the Sales Information for that Contract Year, MCPS will calculate the licence fees due for exploitation pursuant to clause 2.7 during that Contract Year in accordance with clause 6.3 above.
8.6 Where the licence fees for the Contract Year exceeds the Advance paid, MCPS will invoice the Licensee for the difference between the two.
8.7 The supply of a Qualifying Programme by the Licensee shall be regarded as one falling within a given Contract Year if the payment to the Licensee for that Qualifying Programme (or the first payment, if payment is to be in instalments) is made (or is due to be made) within that Contract Year.
Payment and Reconciliation. Unless otherwise stated the Price (together with any disbursements incurred) shall be reconciled or payable (as appropriate) within 28 days of the end of the month in which the Services were provided and invoiced or itemised (as appropriate).
Payment and Reconciliation. 7.1 The Licensees shall pay to MCPSI the Advance in instalments, the invoices for which will be issued by MCPSI at the beginning of: No advance needed for this agreement
7.2 Following the end of each Contract Year (or, where the Term expires during a Contract Year, then following the expiry of the Term) and following submission by the Licensees of the Sales Information, MCPSI will calculate the Royalty Fee for that period (the “Period”) as per clause 5.4 above.
7.3 Where the Royalty Fee for a Period exceeds the advance paid during that same Period, MCPSI will invoice the Licensees for the difference between the two (“the Balancing Payment”) and the Licensees shall pay such invoice.
7.4 For the purposes of clause 7.3, the supply of a Qualifying Programme by the Licensees shall be regarded as one falling within a certain Period if the payment to the Licensees for that Qualifying Programme (or the first payment, if payment is to be in instalments) is made (or is due to be made) within that Period.
7.5 All invoices are due for payment in full within 28 days of the date of issue.
7.6 If any relevant change in Retail Price Index has not been published by the time that MCPSI is due to send a VAT invoice hereunder then MCPSI shall instead invoice the Licensees based on the previous Contract Year’s fees (adjusted with such adjustments for the current year as are available). The Licensees shall pay such invoice within 28 days of receipt thereof, such payment being on account of the correct fees due for that Quarter. When MCPSI has the information required to produce correctly adjusted fees for the relevant Quarter, it shall invoice the Licensees the relevant adjustment, which shall be payable by the Licensees within 28 days of receipt thereof. This clause 7.6 is without prejudice to MCPSI’s rights under clause 7.7.
7.7 Without imposing any obligation on MCPSI to accept late payment and without prejudice to any rights and remedies MCPSI may have by virtue of any failure of the Licensees to comply with this Agreement, MCPSI is entitled to charge interest on the licence fees at 3% above the Allied Irish Bank plc base rate if:
(a) the Licensees have not paid an invoice within 28 days of its date of issue; or
(b) MCPSI has been unable to invoice the Licensees for Royalty Fees due as a result of a failure by the Licensees to supply MCPSI with the Sales Information or the Reporting Information. Interest shall run from the date upon which the Licensees would have paid the a...
Payment and Reconciliation. An annual review of costs will be made and adjustments to future contributions will be provided to the Partner. Exhibit B – Infrastructure Funding Agreement (IFA) Reconciliation will be made on a quarterly basis. An annual review, initiated by the WfBC, of costs will be made and adjustments to future contributions will be provided to the Partner.
Payment and Reconciliation. Community Action Programs non-cash contributions will be calculated quarterly based on the infrastructure costs per shared clients between CAP and WfBC.
Payment and Reconciliation. Division of Vocational Rehabilitation non-cash contributions will be calculated quarterly based on the infrastructure costs per full time student per semester that are co-enrolled in DVR and WfBC. Adjustments will be calculated to include part-time students co-enrolled in both programs. DVR shall make no cash funded payments under this MOU.
Payment and Reconciliation. No later than the 15th day of each calendar month, the Parties shall determine the amount (including the amount of Gross Revenue) each Party is due to receive under the terms of this Agreement, and an appropriate payment or reconciliation shall be made.
Payment and Reconciliation. Reconciliation occurs every quarter. All non-co-located partners contribute through in-kind contributions and will not be making a “payment” during the year. For co-located partners that are not part of DHS, payments will be made in accordance with their rental agreement with Jefferson County and as an in kind payment under this IFA. For co-located partners that are part of DHS, payments will be made monthly through the county’s Financial Management System by the Human Services Business, Finance and Administration Division.
Payment and Reconciliation. The Additional Rent provided to be paid in this Section 4.05 shall be estimated in advance by Landlord annually and one twelfth (1/12) of such estimate shall be paid in advance by Tenant on the first day of each month without further demand or any deduction or set off whatever. Landlord reserves the right to revise any estimate of Additional Rent to be paid by Tenant if actual or projected costs show an increase or decrease from any earlier estimate for such year. When Landlord shall ascertain the actual Common Area Costs for a calendar year, Landlord shall so notify Tenant and Tenant shall pay to Landlord within thirty (30) days of notice the amount, if any, equal to the difference between the amount due for such year pursuant to this Section 4.05 and the amount previously paid by Tenant hereunder. Should the estimated payments have exceeded the actual amount due, said excess shall be held by Landlord and applied to the next monthly payment(s) of Additional Rent provided to be paid under this Section 4.05, or, if the Term has expired, said excess shall promptly be paid to Tenant. Tenant shall not be entitled to receive interest on any Additional Rent paid hereunder. No delay by Landlord in submitting any statement shall constitute a waiver of Landlord’s right to submit such statement and/or receive any Additional Rent pursuant hereto. The Additional Rent due hereunder shall be prorated for the calendar year in which this Lease terminates. Said amount shall be calculated and paid as herein provided even though said calculation may not occur until after the end of the Term hereof.
Payment and Reconciliation. An annual review of costs will be made and adjustments to future contributions will be provided to the Partner. No cash payments will be made under this MOU. Reconciliation will be made on a quarterly basis. An annual review, initiated by the WfBC, of costs will be made and adjustments to future contributions will be provided to the Partner.
