Payment Mechanisms Sample Clauses

Payment Mechanisms. 6.3.1 The Partners acknowledge responsibility for paying all sums due to Providers, in compliance with contract terms and statutory payment to supplier targets. 6.3.2 The Partners will agree arrangements for making payments to Providers, such that Providers do not experience any changes by the creation of the Integrated Commissioning Fund. 6.3.3 The design of payment mechanisms will ensure that the Integrated Commissioning Fund structure delivers the full process of receipt of invoice, confirmation of service delivery and standards compliance, confirming amount due to invoice amount, instructing payment, in line with the financial and contractual procedure rules of both the Council and the CCG.
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Payment Mechanisms. 44.1 The Partners acknowledge responsibility for paying all sums due to Providers, in compliance with contract terms. 44.2 The Partners will agree arrangements for making payments to Providers, such that Providers are not affected by any changes to the structure of commissioning from the Integrated Commissioning Fund. 44.3 The design of payment mechanism will ensure that the Integrated Commissioning Fund structure delivers the full process of receipt of invoice, confirmation of service delivery and standards compliance, confirming amount due to invoice amount, instructing payment. 44.4 Providers will not be affected adversely by any specific rules that apply to certain services managed through the Integrated Commissioning Fund. 44.5 Any specific arrangements for LG and NHS to comply with will be identified and addressed, as necessary.
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Payment Mechanisms. Both Option (1) and Option (2) of Article VI.B.1. offer the sponsor three mechanisms from which to choose in deciding how to provide its required monetary contribution to the Government. The sponsor should indicate its choice during the course of negotiating the agreement. However, the sponsor may use any of the methods or a combination of them, during the life of the agreement in accordance with guidance governing the use of electronic funds transfers and escrow agreements. Do not delete any of the three mechanisms.
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Payment Mechanisms. 8.1 On submission of its request/application for Infrastructure capacity allocation, RU shall pay a 5% advance (Reservation Charge) on the relevant Track Access Charge and an administration fee of £750. 8.2 The Reservation Charge payable by RU under Clause 8.1 shall be paid via a bond in favour of IM that is guaranteed by a reputable bank acceptable to IM. 8.3 RU shall pay to IM the following (the “Charges”):- (i) The Track Access Charge calculated at £0.006 per tonne-km attributable to any Period; (ii) Any other sum or sums invoiced by IM to RU in respect any other services facilities and access to or supply of services outside the Minimum Access Package provided by IM, the Railway Holding Company or any other Translink Group company. 8.4 The Charges are exclusive of VAT. 8.5 Where any taxable supply for VAT purposes is made under or in connection with this Agreement by one Party to the other, the payer shall, in addition to any payment required for that supply, pay such VAT as is chargeable in respect of it. 8.6 IM shall invoice RU for Charges incurred on a monthly basis. Each invoice shall contain a statement of amount payable and such detail as shall be reasonably necessary or expedient to enable RU to understand, check and arrange prompt payment of the Charges. RU shall provide all necessary supporting information to IM for calculating the Charges at IM's request. If the relevant information is not provided, IM will be entitled to estimate the Charges and receive payment upon this basis. 8.7 All sums due or payable under this Agreement shall be paid promptly and in any case within 30 days of receipt of the invoice. 8.8 All payments made to IM under this Agreement shall be made entirely in pounds Sterling and shall be made by electronic funds transfer ("EFT") to the bank account of IM as notified to RU prior to the signing of this Agreement and as otherwise notified from time to time.
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Payment Mechanisms. Payment will be made by either cheque or BACS at the discretion of the NPA.
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Payment Mechanisms. 7.1 Clause 10.27 shall be deleted and replaced by a new clause 10.27A ‘Payroll information regarding the Council mental health staff activity and pay will be made available to the PCT by the end of the calendar month.’ 7.2 There will be a new Clause 10.37 ‘Payroll information regarding the PCT learning disability staff activity and pay will be made available to the council by the end of the calendar month.’ 7.3 Clause 10.28 shall be deleted and replaced by a new clause 10.28A ‘The Council will invoice the PCT mid month (on 15th of the month or the next working day) for costs of salaries and other related expenditure for mental health staff incurred in the course of the previous month.’ 7.4 There will be a new Clause 10.38 ‘The PCT will invoice the Council mid month (on 15th of the month or the next working day) for the costs of salaries and other related expenditure for learning disability staff incurred in the course of the previous month.’ 7.5 Clause 10.29 shall be deleted and replaced by a new clause 10.29A ‘The PCT will raise an invoice monthly, on the last working day of the month, to the Council for the monthly contribution to the Mental Health Pooled Budgets.’ 7.6 There will be a new Clause 10.39 ‘The Council will raise an invoice monthly, on the last working day of the month, to the PCT for the monthly contribution to the Learning Disabilities Pooled Budgets.’ 7.7 There will be a new clause 10.40 ‘The budget manager of the receiving organisation for the pooled budget with guidance from finance colleagues will be responsible for ens uring any grant conditions are met. Where the Lead Provider is not the receiving organisation the Lead Provider shall be responsible for providing full details of the grant conditions to the receiving organisation.’ 7.8 Clause 11.11 shall be deleted and replaced by a new clause 11.11A ‘Any new posts funded through the Mental Health Pooled Budgets, or the Learning Disability Pooled Budgets will be supported by an additional financial investment of a suitable value to match incurred costs, by the employing Partner and will have been subject to an agreed process, whereby partners jointly identify and agree the need for the posts .’ 7.9 Clause 13.1 shall be deleted and replaced by a new clause 13.1A ‘The Partners will use the PCT risk management structures in relation to management of risk in Mental Health Services. An analysis of risk has been undertaken jointly and this will be monitored quarterly through the PCT Risk Mana...
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Payment Mechanisms 
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Related to Payment Mechanisms

  • Adjustment Mechanism If an adjustment of the Exercise Price is required pursuant to this Section 6 (other than pursuant to Section 6.4), the Holder shall be entitled to purchase such number of shares of Common Stock as will cause (i) (x) the total number of shares of Common Stock Holder is entitled to purchase pursuant to this Warrant following such adjustment, multiplied by (y) the adjusted Exercise Price per share, to equal the result of (ii) (x) the dollar amount of the total number of shares of Common Stock Holder is entitled to purchase before adjustment, multiplied by (y) the total Exercise Price before adjustment.

  • Payment Mechanics All payments of principal and interest hereunder are to be made in lawful money of the United States of America in the manner specified in Article III of the Purchase and Sale Agreement.

  • Payment Methods A. Except as otherwise provided by this Contract, the payment method will be one or more of the following:

  • Purchase Mechanism If the Focus Investor exercises its rights provided in this Section 4.5, the closing of the purchase of the New Securities with respect to which such right has been exercised shall take place within 30 calendar days after the giving of notice of such exercise, which period of time shall be extended for a maximum of 180 days in order to comply with applicable laws and regulations (including receipt of any applicable regulatory or corporate approvals). The Company and the Focus Investor agree to use commercially reasonable efforts to secure any regulatory or corporate approvals or other consents, and to comply with any law or regulation necessary in connection with the offer, sale and purchase of, such New Securities.

  • Payment Methodology The Contractor shall be compensated based on the Service Rates in Attachment for units of service authorized by the Institution in a total amount not to exceed the Contract Maximum Liability established in Section C. 1. The Contractor’s compensation shall be contingent upon the satisfactory completion of units of service or project milestones identified in Attachment B. The Contractor shall submit invoices, in form and substance acceptable to the Institution with all of the necessary supporting documentation, prior to any payment. Such invoices shall be submitted for completed units of service or project milestones for the amount stipulated.

  • Payment Methods and Amounts There are limits on the amount of money you can send or receive through our Service. Your limits may be adjusted from time-to-time in our sole discretion. For certain Services, you may have the ability to log in to the Site to view your individual transaction limits. We or our Service Provider also reserve the right to select the method in which to remit funds on your behalf though the Service, and in the event that your Eligible Transaction Account is closed or otherwise unavailable to us the method to return funds to you. These payment methods may include, but may not be limited to, an electronic debit, a paper check drawn on the account of our Service Provider, or draft check drawn against your account.

  • Payment Method Payment shall be made by the Contractor to the Subcontractor as follows: (choose one) ☐ - Immediately upon completion of the Services to the satisfaction of the Contractor. ☐ - Within ____ business days after completion of the Services to the satisfaction of the Contractor. ☐ - Shall be paid on a ☐ weekly ☐ monthly ☐ quarterly ☐ other ______________________ basis. If the Subcontractor completes the Services to the satisfaction of the Contractor, before the full amount or balance has been fully paid, any remaining amount shall be payable immediately. ☐ - Other: ________________________________________________________

  • Validation Mechanism To be eligible for articulation, the student must show evidence of their CompTIA A+ certification and it must have been issued within three (3) years prior to their enrollment in the program.

  • CONSULTATIVE MECHANISMS 11.1 Effective consultation is essential for continuous workplace reform and such consultation can take place at any time during the life of a project. Consultative Committees may be set up on larger projects for this purpose. The Consultative Committee will operate for the purpose of continually assessing the efficiency of working arrangements, monitoring the outcomes of this Agreement, coordinating training activities and sharing pertinent information.

  • Collection Allocation Mechanism On the CAM Exchange Date, (a) the Commitments shall automatically and without further act be terminated as provided in Article VII, (b) each Lender shall become obligated to fund, within one Business Day, all participations in outstanding Swingline Loans held by it (it being agreed that the CAM Exchange shall not result in a reallocation of such funding obligations, but only of the funded participations resulting therefrom) and (c) the Lenders shall automatically and without further act be deemed to have made reciprocal purchases of interests in the Designated Obligations such that, in lieu of the interests of each Lender in the particular Designated Obligations that it shall own as of such date and immediately prior to the CAM Exchange, such Lender shall own an interest equal to such Lender’s CAM Percentage in each Designated Obligation. Each Lender, each person acquiring a participation from any Lender as contemplated by Section 11.04 and each Borrower hereby consents and agrees to the CAM Exchange. Each Borrower and each Lender agrees from time to time to execute and deliver to the Administrative Agent all such promissory notes and other instruments and documents as the Administrative Agent shall reasonably request to evidence and confirm the respective interests and obligations of the Lenders after giving effect to the CAM Exchange, and each Lender agrees to surrender any promissory notes originally received by it hereunder to the Administrative Agent against delivery of any promissory notes so executed and delivered; provided that the failure of any Borrower to execute or deliver or of any Lender to accept any such promissory note, instrument or document shall not affect the validity or effectiveness of the CAM Exchange. As a result of the CAM Exchange, on and after the CAM Exchange Date, each payment received by the Administrative Agent pursuant to any Loan Document in respect of the Designated Obligations shall be distributed to the Lenders pro rata in accordance with their respective CAM Percentages (to be redetermined as of each such date of payment or distribution to the extent required by the next paragraph), but giving effect to assignments after the CAM Exchange Date, it being understood that nothing herein shall be construed to prohibit the assignment of a proportionate part of all an assigning Lender’s rights and obligations in respect of a single Class of Commitments or Loans. In the event that, after the CAM Exchange, the aggregate amount of the Designated Obligations shall change as a result of the making of an LC Disbursement of either Tranche by an Issuing Bank that is not reimbursed by the applicable Borrower, then (a) each Lender of such Tranche shall, in accordance with Section 2.05(d), promptly purchase from the applicable Issuing Bank a participation in such LC Disbursement in the amount of such Lender’s Tranche One Percentage or Tranche Two Percentage, as the case may be, of such LC Disbursement (without giving effect to the CAM Exchange), (b) the Administrative Agent shall redetermine the CAM Percentages after giving effect to such LC Disbursement and the purchase of participations therein by the applicable Lenders, and the Lenders shall automatically and without further act be deemed to have made reciprocal purchases of interests in the Designated Obligations such that each Lender shall own an interest equal to such Lender’s CAM Percentage in each of the Designated Obligations and (c) in the event distributions shall have been made in accordance with the preceding paragraph, the Lenders shall make such payments to one another as shall be necessary in order that the amounts received by them shall be equal to the amounts they would have received had each LC Disbursement been outstanding immediately prior to the CAM Exchange. Each such redetermination shall be binding on each of the Lenders and their successors and assigns and shall be conclusive absent manifest error.

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