Payment and Use of Funds. If the option, on the face of this agreement, for payment of a fixed sum applies, that sum is payable in the manner provided, subject to proper performance of the work. If the option for payment of a maximum amount applies:
(i) the funds shall be used exclusively for the work specified in this agreement and any unspent balance shall be refunded to WHO. In this latter case, any financial statement required shall reflect expenditures according to the relevant main categories of expenditure; and
(ii) to the extent the contractor is required to purchase any goods and/or services in connection with its performance of this agreement, the contractor shall ensure that such goods and/or services shall be procured in accordance with the principle of best value for money. "Best value for money" means the responsive offer that is the best combination of technical specifications, quality and price. Contractors who are legal entities (hereinafter referred to as “Company Contractors”) must submit an invoice to the contracting WHO department or the WHO Global Service Center in order to receive payment. Invoices are not required from contractors who are individuals (hereinafter referred to as “Individual Contractors”), who can be paid upon receipt by the contracting WHO department of the required deliverables (including any required technical reports and financial statements) in a satisfactory manner. The invoice from Company Contractors shall reflect any tax exemption to which WHO may be entitled by reason of the immunity it enjoys. WHO is, as a general rule, exempt from all direct taxes, custom duties and the like, and the Company Contractor will consult with WHO so as to avoid the imposition of such charges with respect to this agreement and the work performed hereunder. As regards excise duties and other taxes imposed on the provision of goods and services (e.g. value added tax), the Company Contractor agrees to verify in consultation with WHO whether in the country where the tax would be payable, WHO is exempt from such tax at the source, or entitled to claim reimbursement thereof. If WHO is exempt from value added tax, this shall be indicated on the invoice, whereas if WHO can claim reimbursement thereof, the Company Contractor agrees to list such charges on its invoices as a separate item and, to the extent required, cooperate with WHO to enable reimbursement thereof. WHO shall have no responsibility whatsoever for any taxes, duties or other contributions payable by...
Payment and Use of Funds. 5.1 The Province shall provide Funds to MC in accordance with the payment plan set out in Schedule “C”.
5.2 The MC will receive Funds in accordance with the payment plan in Schedule “C” and distribute Funds to the Participating First Nations on terms to be determined by MC and the Participating First Nations, consistent with the terms of this Agreement.
5.3 The administrative costs, set out in Schedule “F”, will be paid out of the Funds provided under this Agreement.
5.4 The Province is not obligated to provide any instalment of Funds to MC until reporting requirements set out in Schedule “D” have been satisfied.
5.5 The Participating First Nations and MC shall use the Funds only for capital or operating expenditures for the benefit of the Participating First Nations or MC for the matters set out in Section 3.1, or for administrative costs related thereto, as set out in Schedule “F”.
5.6 For greater certainty, the Participating First Nations and MC shall not use any portion of the Funds for: • per capita distributions or other forms of direct per capita distributions to members of Participating First Nations or any other person; • distribution to any Indigenous community located outside of Ontario; • the costs of litigation; and, • investing the Funds with a view to preserving or seeking a return on them without advancing any of the matters set out in Section 3.1.
Payment and Use of Funds. 5.1 The Province shall provide Funds to GCT3, on behalf of the Participating First Nations, in accordance with the payment plan set out in Schedule “C”.
5.2 The GCT3 will receive the Funds in accordance with the payment plan in Schedule “C” and distribute the Funds to the Participating First Nations on terms to be determined by GCT3 and the Participating First Nations, consistent with the terms of this Agreement.
5.3 The administrative costs, set out in Schedule “F”, will be paid out of the Funds provided under this Agreement.
5.4 The Province is not obligated to provide any instalment of Funds to GCT3 pursuant to Section 5.1 above until reporting requirements set out in Schedule “D” have been satisfied.
5.5 The Participating First Nations and GCT3 shall use the Funds only for capital or operating expenditures for the benefit of the Participating First Nations for the matters set out in Section 3.1, or for administrative costs related thereto, as set out in Schedule “F”.
5.6 For greater certainty, the Participating First Nations and GCT3 shall not use any portion of the Funds for: • per capita distributions or other forms of direct per capita distributions to members of Participating First Nations or any other person; • distribution to any Indigenous community located outside of Ontario; • the costs of litigation; and, • investing the Funds with a view to preserving or seeking a return on them without advancing any of the matters set out in Section 3.1.
Payment and Use of Funds. 5.1 The Province shall provide Funds to WTC in accordance with the payment plan set out in Schedule “C”.
5.2 The WTC will receive Funds in accordance with the payment plan in Schedule “C” and distribute Funds to the Participating First Nations on terms to be determined by WTC and the Participating First Nations, consistent with the terms of the Agreement.
5.3 The administrative costs, set out in Schedule “F”, will be paid out of the Funds provided under this Agreement.
5.4 The Province is not obligated to provide any instalment of Funds to WTC until reporting requirements set out in Schedule “D” have been satisfied.
5.5 The Participating First Nations and WTC shall use the Funds only for capital or operating expenditures for the benefit of the Participating First Nations for the matters set out in Section 3.1, or for administrative costs related thereto, as set out in Schedule “F”.
5.6 For greater certainty, the Participating First Nations and WTC shall not use any portion of the Funds for: • per capita distributions or other forms of direct per capita distributions to members of Participating First Nations or any other person; • distribution to any Indigenous community located outside of Ontario; • the costs of litigation; and, • investing the Funds with a view to preserving or seeking a return on them without advancing any of the matters set out in Section 3.1.
Payment and Use of Funds. The District shall pay Funds to the Municipality only for Project-related expenses, in accordance with a schedule and procedure approved by the District Administrator as set forth in Attachment A, referenced in paragraph 4. The Municipality acknowledges and understands that the financial obligations of the District pursuant to this Agreement are limited to payment of the Funds. Accordingly, the District shall not be responsible for and shall not provide any funds toward Project expenses in excess of the Project cost estimate or in excess of the Funds. Furthermore, where the funds for the Project are provided by multiple non-Municipality funding sources, and the actual Project cost is less than the Project cost estimate, the Municipality shall use its best efforts to request payment from the District in a percentage that is equal to the District’s percentage of non-Municipality funds.
Payment and Use of Funds. County agrees to pay Grantee in Eight (8) equal installments of $19,737.50 each in accordance with the following schedule:
Payment and Use of Funds. 3.1 The Subscriber will, on execution of this Agreement, deliver the subscription price to the Issuer directly at the address referred to above, by delivery of a certified cheque, bank draft, wire transfer or other form of immediately available funds.
3.2 Upon receipt of the subscription price by the Issuer, and upon acceptance by the Issuer of this subscription the Issuer will use its reasonable efforts to obtain the acceptance of the Exchange to the issue and sale of the Units to the Subscriber.
3.3 If this private placement is not accepted by the Exchange within the time set out below, the Issuer will repay the subscription price to the Subscriber on demand, without interest.
Payment and Use of Funds. 3.1 The Subscriber will, on execution of this Agreement, deliver the subscription price to the Issuer directly at the address referred to above, by delivery of a certified cheque, bank draft, wire transfer or other form of immediately available funds.
Payment and Use of Funds. Microsoft will pay $XX,XXX USD in one installment to Grantee after July 9, 2019 (referred to herein as the “Grant Funds”). Grantee certifies that it will use the Grant Funds in furtherance of the data labeling project described in Grantee’s Application. The Grant Funds may not be used for any other purpose or program. Otherwise, each party will bear its own costs and expenses in connection with this Agreement.
Payment and Use of Funds
