Payment by Contractor Sample Clauses

Payment by Contractor. 1. Contractor shall pay for replacement power and associated energy purchased under this Agreement during any billing period the sum of (a), (b) and (c) below: (a) The capacity charge per kilowatt for replacement power specified in Schedule NP-F1 or any modification thereof, applied to Contractor’s billing demand for replacement power associated with Existing Allocations for the period; (b) The energy charge specified in Schedule NP-F1 or any modification thereof, applied to the amount of firm energy delivered to Contractor during such billing period by Authority for resale pursuant to Existing Allocations; and (c) The charge specified in Schedule NP-F1 or any modification thereof for the recovery of transmission and NYISO costs incurred by the Authority with respect to energy delivered to replacement power customers under this Agreement (“the NYISO Charges”), including without limitation the charges imposed on the Authority by Special Provisions I and J of Exhibit B hereto, applied to the amount of firm energy delivered to Contractor for resale pursuant to Existing Allocations during such billing period, provided however that nothing in this Agreement shall be regarded as limiting in any way the right of any individual replacement power customer to challenge the Authority’s right to impose such charges under the Authority’s own rate-making procedures under New York law. 2. The rates contained in the rate schedules referred to in this Article IV (or in any modification of any such schedule) will apply at Authority’s Niagara Switchyard. Where replacement power and energy is delivered to Contractor elsewhere, appropriate adjustments of meter readings will be made to compensate for transmission losses. 3. To the extent that the Authority includes all or any part of the NYISO Charges in the charges it imposes on Contractor for replacement power delivered and sold to replacement power customers under this Agreement and Contractor is thereafter unable to recover such NYISO Charges from any replacement power customer after exercising diligent efforts, which shall include pursuit of Contractor’s remedies for customers not paying their bills when due, but shall not include any obligation to commence or defend any litigation concerning the validity of such charges, which litigation shall be the Authority’s sole responsibility, the Authority shall refund such unpaid NYISO Charges to Contractor and Contractor shall assign, pledge or otherwise transfer to the Authority...
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Payment by Contractor. Except to the extent it is otherwise stated in the Contract Documents, the Contractor shall provide and pay for labor, materials, equipment, tools, construction equipment and machinery, water, heat, utilities, transportation, and other facilities, supplies, consumables and services necessary for the proper execution and completion of the Work, whether temporary or
Sample 1
Payment by Contractor is due current thirty (30) Days from the date of receipt of the invoice, except as set forth in Section 8.4.4(2) below, and may be made by check or wire transfer. Invoices and payments will be presented and effected in US dollars.
Sample 1
Payment by Contractor. The Contract Price includes federal, state and local taxes levied on wages and/or salaries paid to Contractor’s employees, and all taxes based upon net income of Contractor’s business. However, the Contract Price is exclusive of any present or future federal, state, municipal or other sales or use tax with respect to the Work covered hereby, or of any other present or future excise tax upon or measured by the gross receipts from this transaction or any allocated portion thereof or by the gross value of the Work covered hereby; and of any present or future property tax or other similar charge with respect to the Work covered hereby. If Contractor is required by applicable Laws to pay or collect any such tax or taxes or import duties on account of this transaction or the Work covered hereby, then such amount of tax or import duties and any penalties and interest thereon shall be reimbursed to Contractor or paid by Owner.
Sample 1
Payment by Contractor. If there are no sums due to Builder from Contractor, or the sums are insufficient to cover the amounts owed by Contractor to Builder, Builder will invoice Contractor for the amount due and Contractor must submit payment within thirty (30) days. Interest will accrue at the rate of eighteen percent (18%) per annum on any amount not paid in thirty (30) days.
Sample 1
Payment by Contractor. The Contractor shall pay to Powertech any amount due to Powertech under the Contract within 30 Days after receipt of written demand from Powertech. Where the Contractor fails to make any payment to Powertech when due, Powertech may take either or both of the following actions: a) retain, out of any amounts due to the Contractor, an amount no greater than the amount demanded; and b) recover the amount by any other remedies permitted by law or the Contract.
Sample 1
Payment by Contractor. In the event that the Contractor is required by applicable law or for expediency to pay directly for stock required by the Company then the Contractor will notify the Company ten (10) business days in advance of the funds required for the proposed direct purchase. On approval, the Company will pre-pay the amount required directly to the Contractor to complete the purchase on the Company's behalf.
Sample 1
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Related to Payment by Contractor

  • Payment by Tenant Tenant shall pay to Landlord, within fifteen (15) days after delivery by Landlord to Tenant of statements therefor: (i) sums equal to expenditures reasonably made and obligations incurred by Landlord in connection with Landlord’s performance or cure of any of Tenant’s obligations pursuant to the provisions of Section 19.2.3 above; and (ii) sums equal to all expenditures made and obligations incurred by Landlord in collecting or attempting to collect the Rent or in enforcing or attempting to enforce any rights of Landlord under this Lease or pursuant to law, including, without limitation, all legal fees and other amounts so expended. Tenant’s obligations under this Section 19.3 shall survive the expiration or sooner termination of the Lease Term.

  • Performance by Contractor The Contractor, at the Contractor's own expense, shall, except as herein otherwise specifically provided, furnish and provide all and every kind of labour and superintendence, services, tools, implements, machinery, plant materials, articles and whatsoever is necessary for the due execution of the work. The Contractor shall fully construct and erect the work in the most thorough, professional and substantial manner, in every respect to the satisfaction and approval of the Engineer. The Contractor shall complete the work within the time specified herein and deliver it to the Minister in the manner and upon the terms and conditions of the Contract.

  • Payment by Counterparty In the event that, following payment of the Premium, (i) an Early Termination Date occurs or is designated with respect to the Transaction as a result of a Termination Event or an Event of Default (other than an Event of Default arising under Section 5(a)(ii) or 5(a)(iv) of the Agreement) and, as a result, Counterparty owes to Dealer an amount calculated under Section 6(e) of the Agreement, or (ii) Counterparty owes to Dealer, pursuant to Section 12.7 or Section 12.9 of the Equity Definitions, an amount calculated under Section 12.8 of the Equity Definitions, such amount shall be deemed to be zero.

  • Claim by Contractor After receipt of the Notice of Termination from the state, the Contractor shall submit any claim for additional costs not covered herein or elsewhere in the Contract within 60 days of the effective termination date, and not thereafter. Should the Contractor fail to submit a claim within the 60-day period, the State may, at its sole discretion, based on information available to it, determine what, if any, compensation is due the Contractor and pay the Contractor the determined amount.

  • Payment by Wire Transfer So long as any Purchaser or its nominee shall be the holder of any Note, and notwithstanding anything contained in Section 14.1 or in such Note to the contrary, the Company will pay all sums becoming due on such Note for principal, Make-Whole Amount, if any, interest and all other amounts becoming due hereunder by the method and at the address specified for such purpose below such Purchaser’s name in the Purchaser Schedule, or by such other method or at such other address as such Purchaser shall have from time to time specified to the Company in writing for such purpose, without the presentation or surrender of such Note or the making of any notation thereon, except that upon written request of the Company made concurrently with or reasonably promptly after payment or prepayment in full of any Note, such Purchaser shall surrender such Note for cancellation, reasonably promptly after any such request, to the Company at its principal executive office or at the place of payment most recently designated by the Company pursuant to Section 14.1. Prior to any sale or other disposition of any Note held by a Purchaser or its nominee, such Purchaser will, at its election, either endorse thereon the amount of principal paid thereon and the last date to which interest has been paid thereon or surrender such Note to the Company in exchange for a new Note or Notes pursuant to Section 13.2. The Company will afford the benefits of this Section 14.2 to any Institutional Investor that is the direct or indirect transferee of any Note purchased by a Purchaser under this Agreement and that has made the same agreement relating to such Note as the Purchasers have made in this Section 14.2.

  • Payment by Guarantor If all or any part of the Guaranteed Obligations shall not be punctually paid when due, whether at demand, maturity, acceleration or otherwise, Guarantor shall, immediately upon demand by Lender, and without presentment, protest, notice of protest, notice of non-payment, notice of intention to accelerate the maturity, notice of acceleration of the maturity, or any other notice whatsoever, pay in lawful money of the United States of America, the amount due on the Guaranteed Obligations to Lender at Lender’s address as set forth herein. Such demand(s) may be made at any time coincident with or after the time for payment of all or part of the Guaranteed Obligations, and may be made from time to time with respect to the same or different items of Guaranteed Obligations. Such demand shall be deemed made, given and received in accordance with the notice provisions hereof.

  • Assignment by Lessee Lessee may transfer or assign its rights and obligations under this Agreement without the consent of Operator but shall deliver to Operator written notice of such transfer or assignment not less than ten (10) days prior to the effective date thereof; provided, however, in the event of the assignment of this Agreement to a party that is not an Affiliate, Operator shall have the right to terminate this Agreement within 15 days after receipt of written notice of such assignment, which termination will be effective within 30 days of Lessee’s receipt of such termination notice. Any transfer or assignment of this Agreement by Lessee shall include an express assumption by the transferee or assignee of Lessee’s obligations hereunder. Nothing herein shall be deemed to require Lessee to assign or attempt to assign this Agreement to any third party, including any buyer of a Hotel.

  • Assignment by Company The Company may assign its rights under this Agreement to an affiliate, and an affiliate may assign its rights under this Agreement to another affiliate of the Company or to the Company; provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of assignment. In the case of any such assignment, the term "Company" when used in a section of this Agreement shall mean the corporation that actually employs the Employee.

  • Payment by Lenders In the event that Company shall fail for any reason to reimburse any Issuing Lender as provided in subsection 3.3B in an amount equal to the amount of any honored drawing or payment made by such Issuing Lender under a Letter of Credit issued by it, such Issuing Lender shall promptly notify each other Lender of the unreimbursed amount of such honored drawing or payment and of such other Lender's respective participation therein based on such Lender's Pro Rata Share of the Revolving Loan Commitments. Each Lender shall make available to such Issuing Lender an amount equal to its respective participation, in same day funds, at the office of such Issuing Lender specified in such notice, not later than 12:00 Noon (New York time) on the first business day (under the laws of the jurisdiction in which such office of such Issuing Lender is located) after the date notified by such Issuing Lender. In the event that any Lender fails to make available to such Issuing Lender on such business day the amount of such Lender's participation in such Letter of Credit as provided in this subsection 3.3C, such Issuing Lender shall be entitled to recover such amount on demand from such Lender together with interest thereon at the rate customarily used by such Issuing Lender for the correction of errors among banks for three Business Days and thereafter at the Base Rate. Nothing in this subsection 3.3C shall be deemed to prejudice the right of any Lender to recover from any Issuing Lender any amounts made available by such Lender to such Issuing Lender pursuant to this subsection 3.3C in the event that it is determined by the final judgment of a court of competent jurisdiction that the payment with respect to a Letter of Credit by such Issuing Lender in respect of which payment was made by such Lender constituted gross negligence or willful misconduct on the part of such Issuing Lender.

  • Assignment by Owner 51 Section 12.11

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