Payment for Certificates Sample Clauses
The 'Payment for Certificates' clause defines the process by which payments are made based on certificates issued during a project, typically in construction or service contracts. Under this clause, the contractor or service provider submits progress claims, and upon verification, a certifying authority (such as an architect or engineer) issues a certificate confirming the amount due for completed work or milestones achieved. This mechanism ensures that payments are only made for work that has been properly completed and verified, thereby protecting both parties by aligning payments with actual progress and reducing the risk of disputes over payment amounts.
Payment for Certificates. 16.01 A Nurse who is required to have a medical examination and/or produce a physician's certificate as set out in this Agreement or Provincial regulations shall be reimbursed by the Employer for such expense upon producing a proper receipt, except in the case of sick leave where medical certification is or may be required. However, in no case will a Nurse be required to provide more than one (1) certificate at such Nurse's expense for each sick leave absence.
Payment for Certificates. An employee who is required to have a medical examination and/or produce a doctor’s certificate as set out in this Agreement or Provincial regulations shall be re-imbursed by the Employer for such expense upon producing a proper receipt.
Payment for Certificates. Portec Rail shall take all steps necessary to cause the Paying Agent, within three (3) business days after the Effective Time, to mail to each holder of a Certificate or Certificates who has not previously surrendered such certificates, a form letter of transmittal for return to the Paying Agent and instructions for use in effecting the surrender of the Certificates in exchange for the Series A Preference Share Redemption Price and/or Series B Preference Share Redemption Price, as the case may be. The letter of transmittal shall specify that delivery shall be effected, and risk of loss and title to the Certificates shall pass, only upon delivery of the Certificates to the Paying Agent. Upon proper surrender of a Certificate for exchange and cancellation to the Paying Agent, together with a properly completed letter of transmittal, duly executed, the holder of each Certificate shall be entitled to receive in exchange therefore the Series A Preference Share Redemption Price and/or Series B Preference Share Redemption Price, as the case may be, to which such holder of shares of Amalgamated Corporation shall have become entitled pursuant to the rights of holders of Preference Shares and the Certificate so surrendered shall forthwith be cancelled. No interest will be paid or accrued on any Series A Preference Share Redemption Price and/or Series B Preference Share Redemption Price, as the case may be.
Payment for Certificates. An employee who is required to have a medical examination and/or produce a doctor's certificate pursuant to this Agreement or Provincial regulations shall be reimbursed by the Employer for such expense upon producing a proper receipt. Any receipts must be produced for reimbursement within one (1) month of the applicable occurrence unless there are extenuating circumstances.
Payment for Certificates. (a) (i) On or prior to the Closing Date, Parent shall select a bank or trust company reasonably acceptable to the Company to act as paying agent in the Merger (the “Paying Agent”). At or prior to the Effective Time, Parent shall make available to the Paying Agent cash sufficient for the payment of the Per Share Merger Consideration for all issued and outstanding shares of Company Common Stock, including Restricted Shares, (except for the Appraisal Shares or as set forth in Section 1.5(d)) less the amounts provided for in Section 1.7(a)(ii)(B) (collectively, such cash being referred to as the “Payment Fund”). The Payment Fund shall be invested by the Paying Agent as directed by Parent; provided, that such investments shall be in obligations of or guaranteed by the United States of America or any agency or instrumentality thereof and backed by the full faith and credit of the United States of America. Any net profit resulting from, or interest or income produced by, such amounts on deposit with the Paying Agent will be payable to Parent or as Parent otherwise directs. To the extent the Payment Fund diminishes for any reason below the amount required to make prompt payment of the amount required to be paid with respect to any of the shares of Company Common Stock not yet surrendered pursuant to Section 1.7(b), Parent and the Surviving Corporation shall promptly replace or restore the lost portion of such fund to ensure that it is, at all times, maintained at a level sufficient to make such payments.
Payment for Certificates