Payment Contribution Clause Samples

Payment Contribution. Tenant shall finally complete Tenant’s Work in accordance with the provisions of this Lease, shall fully pay for the same, and shall obtain all necessary certificates of occupancy and a certificate from the architect that Tenant’s Work has been finally completed in accordance with the Final Plans. Tenant shall submit evidence of compliance with the foregoing requirements to Landlord following final completion and shall make the deliveries listed in Section 6c. Within thirty (30) days following such submission and deliveries, Landlord shall pay to Tenant the Costs of Tenant’s Work up to the amount of the Allowance (as those terms are defined herein), as follows. Notwithstanding the foregoing, Landlord will make up to three (3) monthly disbursements of $100,000.00 each from the Allowance prior to final completion subject to approval of paid invoices, lien releases or waivers, an architect’s certificate regarding work completed to date, the absence of any Event of Default, and other customary interim draw requirements.

Payment Contribution. The Associate Member Bronze/Silver/Gold is obligated to pay an annual fee that is intended as a flat-rate service fee. The annual fee is calculated with respect to the annual fee of a regular OSADL member with the same membership level and amounts to one and a half times of it as listed in the following table (as of Feb- ruary 2017): Regular Member Associate Member Membership Level Bronze 8,000.00 euros 12,000.00 euros Membership Level Silver 16,000.00 euros 24,000.00 euros Membership Level Gold 24,000.00 euros 36,000.00 euros The annual contribution is assessed on the calendar year and is due at the beginning of the year. It has to be transferred to the bank account no. ▇▇▇▇▇▇▇▇ at the Volksbank Neckartal eG, BLZ 672 917 00, IBAN ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, BIC ▇▇▇▇▇▇▇▇▇▇▇. If the Associate Member Bronze/Silver/Gold is admitted in the course of a year, then the contribution will be adapted correspondingly. Each month that has commenced is fully assessed. The Associate Membership Bronze/Silver/Gold can be terminated by both sides at least three months prior to the end of a calendar year. After the termination of the Associate Membership Bronze/Silver/Gold any granted benefits and rights are void.

Payment Contribution or Subsidy received by Field Contractor or any Nonoperating Contractor shall mean any amounts received by Field Contractor or any Nonoperating Contractor as payment, contribution, or subsidy in connection with operations under this agreement; excluding, however, any amounts which are not to be credited to Field Contractor’s or any Nonoperating Contractor’s Net Profits Account under the terms hereof, any amounts received by any Contractor as consideration for Oil Allocated to such Contractor, any amounts received by any Contractor as consideration for Wet Gas Products Attributable to such Contractor through June 30, 1972, any amounts received by any Contractor for Wet Gas Products Allocated to such Contractor from and after July 1, 1972, any amount received by any Contractor as consideration for any assignment hypothecation or pledge of its right to receive oil or Wet Gas Products hereunder made pursuant to Article 25 hereof, any compensation for processing Wet Gas Allocated to such Contractor, and any amount credited to such Contractor’s Net Profits Account other than as Payment, Contribution or Subsidy.

Payment Contribution or Subsidy received by Field Contractor or any Nonoperating Contractor shall mean any amounts received by Field Contractor or any Nonoperating Contractor as payment, contribution, or subsidy in connection with operations under this agreement; excluding, however, any amounts which are not to be credited to Field Contractor’s or any Nonoperating Contractor’s Net Profits Account under the terms hereof, any amounts received by any Contractor as consideration for Oil Allocated to such Contractor or Wet Gas Products Attributable to such Contractor, any amount received by any Contractor as consideration for any assignment, hypothecation or pledge of its right to receive oil or Wet Gas Products hereunder made pursuant to Article 25 hereof, any compensation for processing Wet Gas Allocated to such Contractor, and any amount credited to such Contractor’s Net Profits Account other than as Payment, Contribution or Subsidy.