Payment of Contract Price. The Contract Price will be paid, as follows:
Payment of Contract Price. 5.01 All payments to be made by the Client under this Agreement shall be made in full, without any set-off, roll over or counterclaim whatsoever, on the due date and when the due date is not a Business Day, the following Business Day and save as provided in Clause 5.02, free and clear of any deductions or withholdings, to a current account of the Institution as may be notified from time to time, and the Client will only be released from its payment obligations hereunder by paying sums due into the aforementioned account.
5.02 If at any time the Client is required to make any non refundable and non-adjustable deduction or withholding in respect of Taxes from any payment due to the Institution under this Agreement, the sum due from the Client in respect of such payment shall be increased to the extent necessary to ensure that, after the making of such deduction or withholding, the Institution receives on the Payment Date, a net sum equal to the sum which it would have received had no such deduction or withholding been required to be made and the Client shall indemnify the Institution against any losses or costs incurred by the Institution by reason of any failure of the Client to make any such deduction or withholding. The Client shall promptly deliver to the Institution any receipts, certificates or other proof evidencing the amounts (if any) paid or payable in respect of any deduction or withholding as aforesaid.
Payment of Contract Price. At the time of transfer of title, the balance of the Contract Price not paid through Developer's requisitions under the construction financing for the Project shall be paid by Owner to Developer by wire transfer, certified check or other mutually acceptable means less any Punch-List Amount or retainage required by Owner's lender.
Payment of Contract Price evidence that, subject to the terms of the relevant Vendor Finance Facility Agreement, the Contract Price for the relevant Ship has been (or upon drawdown of the Delivery Date Tranche will have been) paid in full; and
Payment of Contract Price. The Service Recipient must pay to the Service Provider the Contract Price in accordance with
Payment of Contract Price evidence from the Builder that the Contract Price has been (or upon drawdown of the relevant Delivery Date Advance will have been) paid in full and a certified copy of the invoice in respect of the payment due to the Builder from the Borrower on the Delivery Date;
Payment of Contract Price. (a) The amount payable to Seller for each Settlement Timeframe shall be, for each Buyer, an amount equal to:
(i) in each Settlement Timeframe in which the CAISO Settlement Price is zero or positive, the product of (A), (B), and (C), where: (A) is the amount (in MWh) of Facility Energy generated during such Settlement Timeframe, (B) is the Buyers’ Percentage of Facility Output, and (C) is the Fixed Rate;
(ii) for the first three-hundred (300) Settlement Timeframes in any Contract Year (or such other number of Settlement Timeframes as would be equal to twenty- five (25) hours in the event that CAISO changes the number of minutes in a Settlement Timeframe as of the Effective Date) in which the CAISO Settlement Price is negative (the “Initial Negative Intervals”), for each Settlement Timeframes, the product of (A), (B), and (C), where: (A) is the amount (in MWh) of Facility Energy generated during such Settlement Timeframe, (B) is the Buyers’ Percentage of Facility Output, and (C) is the Fixed Rate plus the CAISO Settlement Price for such Initial Negative Intervals; and
(iii) for each Settlement Timeframe in which the CAISO Settlement Price is negative other than the Initial Negative Intervals, the product of (A), (B), and (C), where: (A) is the amount (in MWh) of Facility Energy generated during such Settlement Timeframe, (B) is the Buyers’ Percentage of Facility Output, and (C) is the Fixed Rate; and
(iv) if any Buyer (including, in the case of SCPPA, any of its Participating Members), exercises its right to curtail per Section 7.4(c), the amount to be paid by such Buyer for Deemed Generated Energy shall be the product of (A), (B), and (C), where (A) is the amount of Deemed Generated Energy calculated during such period of curtailment, (B) is the Buyers’ Percentage of Facility Output, and (C) is the Fixed Rate.
(b) The Parties acknowledge that the foregoing payment formulas reflect both the Contract Price agreed upon by the Parties and the payments to be received from the CAISO under current market design. Seller shall invoice each Buyer for the amounts calculated hereunder in accordance with Article XI. If the amount determined to be payable by a Buyer is negative, then Seller shall pay such Buyer such amount.
(c) For purposes of this Section 6.5, a “negative” CAISO Settlement Price occurs when the CAISO Settlement Price for a Settlement Timeframe is negative and the Facility Energy (or Deemed Generated Energy, as applicable) for that Settlement Timeframe i...
Payment of Contract Price. 3.1.1 In consideration of the Service Provider providing the services under this Agreement, the Builder shall, subject to the terms and conditions of this Agreement, pay the Service Provider in accordance with this Clause 3.
Payment of Contract Price. Payment to the Supplier under this Agreement has been made of such withholding taxes that the institutions is required to deduct under various laws in force. The Institution shall promptly deliver to the Supplier copies or originals of any receipts, certificates or other proof evidencing the amounts (if any) paid or payable in respect of any deduction or withholding as aforesaid.
Payment of Contract Price. DESIGN/BUILDER shall submit and OWNER will process Applications for Payment of the Contract Price in accordance with Article 13 of the General Conditions and Sections 4.01.A. through C. below.
