Payment of Amount Sample Clauses
The 'Payment of Amount' clause defines the obligation of one party to pay a specified sum to another party under the terms of the agreement. It typically outlines when payments are due, acceptable methods of payment, and any conditions or milestones that trigger payment. This clause ensures that both parties have a clear understanding of payment expectations, reducing the risk of disputes over timing or amounts owed.
Payment of Amount. The Adjacent Facility Owner shall pay to Network Rail the amount of [£●], as such amount may be adjusted under Schedule 3, in each Contract Year in respect of the costs incurred by Network Rail in discharging its obligations under Clause 5.2 (other than under Clause 5.2.3(a) which shall be at Network Rail’s own cost) and Clause 6 (the “Amount”) [and excluding renewals covered by paragraph 15.4]. [Insert at provision relating to frequency of payments which will be dependent on the expected level of use of the Connection: payments should be annual, six-monthly, quarterly or by period and usually in arrears.]
Payment of Amount. The Adjacent Facility Owner shall pay to the CVL IM the amount of £REDACTED as such amount may be adjusted under Schedule 3, in each Contract Year in respect of the costs incurred by the CVL IM in discharging its obligations under Clause 5.2 (other than under Clause 5.2.3(a) which shall be at the CVL IM’s own cost) and Clause 6 (the “Amount”) and excluding renewals covered by paragraph 15.4.
Payment of Amount. The Adjacent Facility Owner shall pay to Network Rail the amount of £4,490.43 per period in arrears (£58,375.63 p.a.), as such amount may be adjusted under Schedule 3, in each Contract Year in respect of the costs incurred by Network Rail in discharging its obligations under Clause 5.2 (other than under Clause 5.2.3(a) which shall be at Network Rail’s own cost) and Clause 6 (the “Amount”) and excluding renewals covered by paragraph 15.4.
Payment of Amount. (1) For the transfer to, and vesting in, the Central Government under sections 3 and 4, of the power transmission system and the right, title and interest of each of the three companies in relation to its power transmission system, there shall be paid, in the prescribed manner, by the Central Government to each of the three companies such amount as is equal to the book value of all the assets and properties after deduction of liabilities (other than contingent liabilities) given in the audited statement of accounts of each of the three companies as on the 31st day of March, 1992.
(2) For the transfer to, and vesting in, the Corporation under sub-section (2) of section 3 of the power transmission system and the right, title and interest of each of the three companies in relation to its power transmission system, there shall be paid, in the prescribed manner, by the Corporation to the Central Government, the amount which is paid by that Government to the three companies under sub-section (1).
(3) In case of any dispute relating to the nature of any asset, property or liability or the amount payable under sub-section (1), the dispute shall be referred by the Central Government to such authority as it may appoint and the decision of that authority in the matter shall be final. DELIVERY OF ASSETS, ETC., TO THE CORPORATION
(1) Any person who has, on the date of commencement of this Act, in his possession or under his control, any assets, books and any other documents relating to the power transmission system which has been transferred to, and vested in, the Corporation under sub-section (2) of section 3, shall be liable to account for the said assets, books and documents to the Corporation and shall deliver them up to the Corporation or to such person or persons as the Corporation may specify in this behalf.
(2) The Corporation may take or cause to be taken all necessary steps for securing possession of the power transmission system which has been transferred to, and vested in, the Corporation under this Act.
(3) Each of the three companies shall, within such period as the Corporation may allow in this behalf, furnish to the Corporation a complete inventory of all its property and assets as on the appointed day pertained to its power transmission system which has been transferred to, and vested in, the Corporation under sub-section (2) of section 3. PROVISIONS RELATING TO ASSOCIATED PERSONNEL
Payment of Amount. The Death Benefit payable upon the death of the Owner, or after the death of the first Joint Owner, or upon the death of the spouse who continues this Contract, will be distributed to the designated Beneficiary(s) as follows:
Payment of Amount. PMD shall pay the total sum of FIVE HUNDRED THOUSAND AND NO/100 DOLLARS ($500,000.00) to TI in three installments, the first in the amount of $166,666.67 within thirty (30) days of the execution of this Agreement by the Parties, the second in the amount of $166,666.67 on or before December 31, 2023, and the third in the amount of $166,666.66 on or before December 31, 2024.
Payment of Amount. The Adjacent Facility Owner shall pay to Prologis the amount of £1.00 per annum, as such amount may be adjusted under Schedule 3, in each Contract Year in respect of the costs incurred by Prologis in discharging its obligations under Clause 5.2 (other than under Clause 5.2(c)(i) which shall be at Prologis's own cost) and Clause 6 (Joint obligations).
Payment of Amount. In respect of each Contract Year the Head Adjacent Facility Owner shall pay to Network Rail the amount of £24,500.90 annually in advance, as such amount may be adjusted under Schedule 3, in each Contract Year in respect of the costs incurred by Network Rail in discharging its obligations under Clause 5.2 (other than under Clause 5.2.3(a) which shall be at Network Rail’s own cost) and Clause 6 (the “Amount”) and excluding renewals covered by paragraph 15.4, PROVIDED THAT in the Contract Year of termination of this Contract, the payment in this Clause 15.1.1 shall be made proportionately for any period of less than a Contract Year.
Payment of Amount a. Subrecipient agrees to submit a quarterly Payment Request Form to County for reimbursement for costs incurred in administering the YAC program up to $299,538 for FY 2022-23, and up to the amount approved by the OCCCP thereafter effective July 1, 2023.
b. Subrecipient shall provide support documentation of the services and actual costs along with the Payment Request Form.
c. The County agrees to reimburse Subrecipient upon receipt and approval of the quarterly Payment Request Form submitted by Subrecipient for the eligible costs incurred in administering the YAC program up to the approved amounts each fiscal year.
d. The County shall have no obligation to reimburse Subrecipient any amount in excess of the amounts specified above unless the OCCCP amends the allocation for this program.
e. Funds must be used for costs as described in Section 2 of this Agreement.
f. If Subrecipient has not spent any portion of the amount approved by the OCCCP as of June 30 each fiscal year, the unspent balance shall be reallocated as determined and approved by the OCCCP the following fiscal year and shall not roll over to Subrecipient.
Payment of Amount. The Adjacent Facility Owner shall pay to DB Cargo the amount of [redacted], to be paid annually in arrears, as such amount may be adjusted under Schedule 3, in each Contract Year in respect of the costs incurred by DB Cargo in discharging its obligations under Clause 5.2 (other than under Clause 5.2.3(a) which shall be at DB Cargo’s own cost) and Clause 6 (the “Amount”).