Payment of Shared Costs Sample Clauses

Payment of Shared Costs. The parties will contribute to shared costs as they are incurred. After a Commercialization Event occurs with respect to a Product and Net Proceeds are being generated: (i) The Steering Committee will determine a percentage of the Net Proceeds that will be directed into a sinking fund out of which shared costs and any liabilities incurred will be paid, and (ii) to the extent that the sinking fund contains insufficient funds to pay any shared costs incurred, MSS will have the option to require the University to contribute its share of the balance directly to MSS, or to pay such shared costs directly and to offset the University's share of such costs against the share of any Net Proceeds or development funds to which the University is entitled hereunder.

Payment of Shared Costs. 7.1 No later than 31 January in each and every year the Joint Committee will agree a budget for the forthcoming financial year (1 April to 31 March) setting out the estimated cost of: (a) the provision of services to the Joint Committee by the Host Authority; (b) the operation of the ASU; (c) the provision of services by advisers appointed by the Joint Committee; (d) any other services provided by a Council or third party which are considered by the Joint Committee to be the shared responsibility of the Councils; (e) any other cost which is to be payable by the Councils equally in accordance with the provisions of this Agreement. 7.2 No later than 1 April in the following year the Host Authority shall invoice each Council and Former Council for its estimated share of the costs payable under paragraph 7.1 for the financial year just commencing and each Council (or during its Relevant Period a Former Council as the case may be) shall pay such invoice within 28 days from receipt. 7.3 The Host Authority shall defray any expenditure falling under paragraphs 7.1(a)-(e) upon being invoiced for the same by the supplier or by a Council which has incurred or paid any such cost. 7.4 At the first meeting of the Joint Committee following each 1 April (provided that that meeting takes place no later than 90 days after the end of previous financial year), the Joint Committee will determine the actual cost of the services set out in paragraph 7.1 for the preceding financial year and the Host Authority shall invoice each Council and Former Council for its further share of the costs (if any) payable under paragraph 7.1 and each Council (or Former Council as the case may be) shall pay such invoice within 28 days from receipt. Where any payment on account exceeds the amount invoiced then that excess shall be credited to the relevant Council in respect of costs for the then current Financial Year or, in the case of a Former Council, paid to that Former Council within 28 days of the determination of the amount due. 7.5 If any sum payable under this Agreement is not paid on or before the due date for payment the Council entitled to payment will be entitled to charge the Council from which payment is due interest on that sum at 3% per annum above the base lending rate from time to time of the Bank of England from the due date until the date of payment (whether before or after judgment), such interest to accrue on a daily basis.

Payment of Shared Costs. (a) Arch hereby agrees to pay 40% of all Shared Costs, Xxxxx hereby agrees to pay 30% of all Shared Costs and Warburg hereby agrees to pay 30% of all Shared Costs, and each Participant agrees to pay their respective percentage of all Shared Costs upon the earlier of (i) the consummation of the Acquisition, (ii) the termination of the agreement pursuant to which the Acquisition will be consummated (the “Acquisition Agreement”), and (iii) the unanimous decision by the Participants to not proceed with the Acquisition; provided however that if the Acquisition is consummated, either Watford or the legal entity formed for the purpose of consummating the Acquisition shall bear all Shared Costs. (b) If any Participant declines to participate in the Transaction (a “Declining Participant”), such Declining Participant will continue to be obligated hereunder for its percentage of Shared Costs and, if applicable, shall be entitled to reimbursement from the other Participants to the extent the Shared Costs incurred by such Participant exceed its percentage of the total Shared Costs, in each case incurred through the date that such Declining Participant provides written notice to the other Participants that it will not participate in the Transaction, which such amounts shall be paid to the applicable Participants no later than 10 days following the date of being notified of its portion of the Shared Costs; provided, however, that if the Participants that are not Declining Participants continue to pursue the Acquisition together with one or more other third parties, then such third parties shall assume the amount of Shared Costs for which the Declining Participant would otherwise be liable hereunder (and reimburse the Declining Participant to the extent any such amounts were previously paid by the Declining Participant). (c) Reasonable supporting documentation (i.e., a final invoice) regarding Shared Costs shall be provided to all Participants prior to payment.

Payment of Shared Costs. Each of the Owners shall finance its portion of the cost of planning, development, acquisition, design, procurement, construction, operation, maintenance, repair, replacement and retirement of CB4 Transmission. From time to time, typically monthly, Agent may request each of the Owners to advance to Agent such amounts as are anticipated to be needed for construction, operation and maintenance of CB4 Transmission, payment of which is to be made to Agent as specified in Exhibit E or as described in such request. (a) As promptly as practicable after the end of each month, Agent shall send to the Owners a statement in reasonable detail of all expenditures for such month and the amount of each Owner’s share thereof. (b) Payment for all expenditures shall be made by Agent in accordance with sound accounting and disbursement procedures.

Payment of Shared Costs. (a) Except as otherwise provided in this Section 7, each of the Parties responsible for a share of the Shared Costs pursuant to a budget and allocation adopted under Section 6 shall pay to Classics the quarterly amount allocated to it on or before the first day of each quarter (January, April, July and October). Classics will notify each Party in writing if the payment is not received by the 5th day. The Party shall have five (5) days from receipt of written notice to cure the late payment. Payment not received by the term of cure (i.e. no later than five days of receipt of written notice) will incur interest at the rate of eighteen percent (18%) per annum (or the highest rate allowed under Florida law, whichever is more). The interest will accrue from the 1st day of the month the payment is due until such time as the payment is made and the responsible Party to whom the payment is due shall be entitled to collect from the delinquent Party all costs of collection, including but not limited to reasonable attorney’s fees and court costs.

Payment of Shared Costs. Within thirty (30) days after the end of each month, HCC will provide Pharmacyclics with a detailed accounting of the Shared Development Costs incurred by HCC during such month, along with an invoice for such costs. Such invoices will be due and payable within thirty (30) days of receipt.

Related to Payment of Shared Costs

Shared Costs (i) If the Parties elect to establish two-way Local Interconnection Trunks for reciprocal exchange of traffic, the cost of the two-way Local Interconnection Entrance Facility and DTT shall be shared among the Parties. CenturyLink will xxxx XXXX for the entire DTT and Local Interconnection Entrance Facility provided by CenturyLink at the rates in Table 1. CLEC will bill CenturyLink for CenturyLink’s portion of the same DTT and Local Interconnection Entrance Facility at the same recurring rates in Table 1 charged by CenturyLink based on the portion defined in (ii) below. (ii) CenturyLink’s portion of the DTT and Local Interconnection Entrance Facility will be based on the factor determined by CenturyLink using the following to assign the minutes for which CenturyLink is responsible: • All Local Traffic MOU that CenturyLink originates and sends to CLEC. • All CenturyLink originated IntraLATA LEC Toll MOU that CenturyLink sends to CLEC. • All other minutes are CLEC’s responsibility for purposes of allocating the shared costs.
Distribution Assistance Fees (Asset-Based Sales Charge) Payments In its sole discretion and irrespective of whichever alternative method of making service fee payments to Recipients is selected by the Distributor, in addition the Distributor may make distribution assistance fee payments to a Recipient quarterly, or at such other interval as deemed appropriate by the Distributor, within forty-five (45) days after the end of each calendar quarter or other period, at a rate not to exceed 0.1875% (0.75% on an annual basis) of the average during the period of the aggregate net asset value of Shares computed as of the close of each business day constituting Qualified Holdings owned beneficially or of record by the Recipient or its Customers until such Shares are redeemed or converted to another class of shares of the Fund, provided, however, that a majority of the Independent Trustees may, but are not obligated to, set a time period (the "Recipient Maximum Holding Period") for making such payments. Distribution assistance fee payments shall be made only to Recipients that are registered with the SEC as a broker-dealer or are exempt from registration. The distribution assistance to be rendered by the Recipients in connection with the sale of Shares may include, but shall not be limited to, the following: distributing sales literature and prospectuses other than those furnished to current Shareholders, providing compensation to and paying expenses of personnel of the Recipient who support the distribution of Shares by the Recipient, and providing such other information and services in connection with the distribution of Shares as the Distributor or the Fund may reasonably request.
Shared Expenses Owner acknowledges that certain economies may be achieved with respect to certain expenses to be incurred by Manager on behalf of Owner hereunder if materials, supplies, insurance or services are purchased by Manager in quantity for use not only in connection with Owner's business at the Property but in connection with other properties owned or managed by Manager or its affiliates. Manager shall have the right to purchase such materials, supplies, insurance (subject to the terms of this Agreement) and/or services in its own name and charge Owner a pro rata allocable share of the cost of the foregoing; provided, however, that the pro rata cost of such purchase to Owner shall not result in expenses that are either inconsistent with the expenses of other "U-Haul branded" locations in the general vicinity of the applicable Property or greater than would otherwise be incurred at competitive prices and terms available in the area where the Property is located; and provided further, Manager shall give Owner access to records (at no cost to Owner) so Owner may review any such expenses incurred.
Payment of Sales, Use or Similar Taxes All sales, use, transfer, intangible, recordation, documentary stamp or similar Taxes or charges, of any nature whatsoever, applicable to, or resulting from, the transactions contemplated by this Agreement shall be borne by the Sellers.
EXPENSE PAYMENTS The Owner hereby gives power to the Agent to pay expenses and costs for the Property from the Owner’s funds held by the Agent, unless otherwise directed by the Owner. The expenses and costs may include, but are not limited to, property management compensation, fees and charges, expenses for goods and services, property taxes and other taxes, association or condominium dues, assessments, loan payments, and insurance premiums.
Payment of GST Payment of the additional amount will be made at the same time as payment for the supply is required to be made under this Contract.
License Contingent Upon Payment While you may exercise the rights licensed immediately upon issuance of the license at the end of the licensing process for the transaction, provided that you have disclosed complete and accurate details of your proposed use, no license is finally effective unless and until full payment is received from you (either by publisher or by CCC) as provided in CCC's Billing and Payment terms and conditions. If full payment is not received on a timely basis, then any license preliminarily granted shall be deemed automatically revoked and shall be void as if never granted. Further, in the event that you breach any of these terms and conditions or any of CCC's Billing and Payment terms and conditions, the license is automatically revoked and shall be void as if never granted. Use of materials as described in a revoked license, as well as any use of the materials beyond the scope of an unrevoked license, may constitute copyright infringement and publisher reserves the right to take any and all action to protect its copyright in the materials.
Distribution Assistance Fees (Asset-Based Sales Charge) Within ten (10) days of the end of each month or at such other period as deemed appropriate by the Distributor, the Fund will make payments in the aggregate amount of up to 0.75% on an annual basis of the average during the month of the aggregate net asset value of Shares computed as of the close of each business day (the “Asset-Based Sales Charge”) outstanding until such Shares are redeemed or converted to another class of shares of the Fund, provided, however, that a majority of the Independent Trustees may, but are not obligated to, set a time period (the “Fund Maximum Holding Period”) from time to time for such payments. Such Asset-Based Sales Charge payments received from the Fund will compensate the Distributor for providing distribution assistance in connection with the sale of Shares. The distribution assistance to be rendered by the Distributor in connection with the Shares may include, but shall not be limited to, the following: (i) paying sales commissions to any broker, dealer, bank or other person or entity that sells Shares, and/or paying such persons “Advance Service Fee Payments” (as defined below) in advance of, and/or in amounts greater than, the amount provided for in Section 3(b) of this Agreement; (ii) paying compensation to and expenses of personnel of the Distributor who support distribution of Shares by Recipients; (iii) obtaining financing or providing such financing from its own resources, or from an affiliate, for the interest and other borrowing costs of the Distributor's unreimbursed expenses incurred in rendering distribution assistance and administrative support services to the Fund; and (iv) paying other direct distribution costs, including without limitation the costs of sales literature, advertising and prospectuses (other than those prospectuses furnished to current holders of the Fund's shares ("Shareholders")) and state "blue sky" registration expenses.
Expense Accrual and Payment Services (1) For each valuation date, calculate the expense accrual amounts as directed by the Trust as to methodology, rate or dollar amount. (2) Process and record payments for Fund expenses upon receipt of written authorization from the Trust. (3) Account for Fund expenditures and maintain expense accrual balances at the level of accounting detail, as agreed upon by USBFS and the Trust. (4) Provide expense accrual and payment reporting.
Taxes and Fees Imposed on Purchasing Party But Collected And Remitted By Providing Party 11.3.1 Taxes and fees imposed on the purchasing Party shall be borne by the purchasing Party, even if the obligation to collect and/or remit such taxes or fees is placed on the providing Party. 11.3.2 To the extent permitted by applicable law, any such taxes and/or fees shall be shown as separate items on applicable billing documents between the Parties. Notwithstanding the foregoing, the purchasing Party shall remain liable for any such taxes and fees regardless of whether they are actually billed by the providing Party at the time that the respective service is billed. 11.3.3 If the purchasing Party determines that in its opinion any such taxes or fees are not payable, the providing Party shall not xxxx such taxes or fees to the purchasing Party if the purchasing Party provides written certification, reasonably satisfactory to the providing Party, stating that it is exempt or otherwise not subject to the tax or fee, setting forth the basis therefor, and satisfying any other requirements under applicable law. If any authority seeks to collect any such tax or fee that the purchasing Party has determined and certified not to be payable, or any such tax or fee that was not billed by the providing Party, the purchasing Party may contest the same in good faith, at its own expense. In any such contest, the purchasing Party shall promptly furnish the providing Party with copies of all filings in any proceeding, protest, or legal challenge, all rulings issued in connection therewith, and all correspondence between the purchasing Party and the taxing authority. 11.3.4 In the event that all or any portion of an amount sought to be collected must be paid in order to contest the imposition of any such tax or fee, or to avoid the existence of a lien on the assets of the providing Party during the pendency of such contest, the purchasing Party shall be responsible for such payment and shall be entitled to the benefit of any refund or recovery. 11.3.5 If it is ultimately determined that any additional amount of such a tax or fee is due to the imposing authority, the purchasing Party shall pay such additional amount, including any interest and penalties thereon. 11.3.6 Notwithstanding any provision to the contrary, the purchasing Party shall protect, indemnify and hold harmless (and defend at the purchasing Party’s expense) the providing Party from and against any such tax or fee, interest or penalties thereon, or other charges or payable expenses (including reasonable attorney fees) with respect thereto, which are incurred by the providing Party in connection with any claim for or contest of any such tax or fee. 11.3.7 Each Party shall notify the other Party in writing of any assessment, proposed assessment or other claim for any additional amount of such a tax or fee by a taxing authority; such notice to be provided, if possible, at least ten (10) days prior to the date by which a response, protest or other appeal must be filed, but in no event later than thirty (30) days after receipt of such assessment, proposed assessment or claim.

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