Payment of Subsidy Sample Clauses

Payment of Subsidy. (a) Payment of the Subsidy will not be made in advance. To receive payment of the Subsidy, the TNH is required to submit a claim (in the manner and form as directed by the CPRA) to the CPRA detailing the Participant’s actual wages paid. (b) The CPRA will verify that the Participant worked for the TNH for the period that the wages were paid. (c) Upon a successful verification, the CPRA will transmit payment the TNH. The CPRA will endeavour to pay the TNH promptly, but provides no guarantee or timeline as to when payment of the Subsidy will be completed. (d) In the event of overpayment, unexpended balances, or later determination by CPRA that any portion of the Subsidy was for an ineligible purpose, TNH shall repay those applicable funds the the CPRA. Alternatively, the CPRA may deduct such excess payments from an subsequent Subsidy payment.
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Payment of Subsidy. 7.3.1 The first payment of Subsidy in respect of a Subsidised Loan shall be made on the second Rest Day after the Bank has advanced a Subsidised Loan pursuant to Sub-clause 5.4. Prior to a Subsidy Payment Commencement being made, the Commonwealth shall advise the Entitled Person and the Bank of the date of commencement and the basis of calculation of Subsidy. The Commonwealth shall continue to pay Subsidy to the Bank on each Rest Day thereafter until such time as payments of Subsidy stop or are cancelled or suspended in accordance with the Act, or the Subsidised Loan is repaid in full, whichever is the earlier. 7.3.2 All Subsidy payments due to be paid to the Bank on a particular Rest Day shall be totalled and paid by the Commonwealth to the Bank by depositing the amount so totalled to such account as the Bank may from time to time advise. 7.3.3 The Commonwealth shall on the day Subsidy is paid provide the following: (a) the name of each Subsidised Borrower and Joint Borrower, if any; (b) the number of each Subsidised Loan Account to which Subsidy is to be credited; (c) the amount of Subsidy to be credited to each Subsidised Loan Account; and (d) such other information as may be agreed between the parties. 7.3.4 On the day Subsidy is paid, the Bank shall credit Subsidy payments to the relevant Subsidised Loan Accounts as notified by the Commonwealth, provided that if the information referred to in Sub-clause 7.3.3 is delivered to the Bank after 3.00 p.m. on the day Subsidy is paid, the Bank will endeavour to credit Subsidy to the relevant Subsidised Loan Accounts on that day and if it is unable to do so, Subsidy shall be credited to Subsidised Loan Accounts on the following Business Day. 7.3.5 The information referred to in Sub-clause 7.3.3 shall be delivered to a lodgement point nominated by the Bank and shall be supplied on magnetic tape or in such other computerised form as the parties may agree and in accordance with agreed standards and specifications.
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Payment of Subsidy. 4.1 The CPVC will pay the Subsidy for the WAV to the Recipient only if and when all of the following conditions are satisfied: (1) the Application has been approved by the CPVC; (2) any supporting documentation required under the Guidelines (including the documents listed in schedule 1) or requested at any time by the CPVC prior to payment of the Subsidy has been provided; (3) the WAV’s CPV Registration is current; (4) the WAV operates only outside the Melbourne Metropolitan Zone in the region(s) nominated in the Application;‌ (5) the Recipient has issued a Tax Invoice to the CPVC f or the amount of the Subsidy; (6) the WAV has not previously been the subject of a Subsidy paid to another person (or the CPVC waives this condition in writing on the basis of exceptional circumstances); and (7) all of the above conditions are satisfied within 6 months of the Approval Date or within any further period determined by the CPVC. 4.2 Subject to clause 4.1 the CPVC will pay the Recipient the Subsidy by cheque or, if the Recipient has elected in the Application for payment by electronic transfer, then into the bank account nominated in the Application.
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Payment of Subsidy. During the Term, DIRECTV will pay System Operator a one-time payment of [REDACTED SUBJECT TO A REQUEST FOR CONFIDENTIAL TREATMENT FILED WITH THE SEC ON JUNE 27, 2000] per net SO Subscriber activation (the "Subsidy"). Net SO Subscriber activations shall mean the number of new SO Subscriber activations less the number of disconnected SO Subscribers for each applicable month. By way of example only, if System Operator adds one hundred fifty (150) SO Subscribers in a given month and ten (10) SO Subscribers disconnect in that same month, then the net SO Subscriber activation's for the month will be one hundred forty (140). The monthly Subsidy will be paid within sixty five (65) days after the accounting month for which DIRECTV calculates the net activations.
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Payment of Subsidy. Pursuant to Clause 11, the Commonwealth further agrees to pay to the Bank a Subsidy with respect to Specified Portfolio Assets and Subsidised Advances.
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Payment of Subsidy. 9.1 The payment of the Subsidy is subject to – 9.1.1 the release of funds by the Developer’s lead financier to enable construction to commence before or on the Start-up Date; and 9.1.2 physical inspections by the DME aimed at obtaining satisfactory proof of the commencement of construction activities of the Project. 9.2 The Subsidy will be paid within 30 (thirty) days of the conditions in clause 9.1 having been met. 9.3 Any erroneous payment of the Subsidy will immediately be recoverable from the Developer by means of a letter of demand by the DME, and the DME shall levy interest on such amount outstanding for more than 30 days from the date of the letter of demand at the rate prescribed in terms of section 80(1)(b) of the PFMA.
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Payment of Subsidy. (a) Payment of the Subsidy will not be made in advance. To receive payment of the Subsidy, the CountyB is required to submit a claim (in the manner and form as directed by the CPRA) to the CPRA detailing the Participant’s actual wages paid. (b) The CPRA will verify that the Participant worked for the CountyB for the period that the wages were paid. (c) Upon a successful verification, the CPRA will transmit payment the CountyB. The CPRA will endeavour to pay the CountyB promptly, but provides no guarantee or timeline as to when payment of the Subsidy will be completed. (d) In the event of overpayment, unexpended balances, or later determination by CPRA that any portion of the Subsidy was for an ineligible purpose, CountyB shall repay those applicable funds the the CPRA. Alternatively, the CPRA may deduct such excess payments from an subsequent Subsidy payment.
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Payment of Subsidy. 4.1 The Minister will pay the Subsidy to the Service Provider in consideration for the provision of the Services by the Service Provider under this Agreement. 4.2 The Service Provider must submit Claims via the GSA online portal (to be notified by the Minister to the Service Provider at the Commencement Date) as soon as practicable after Services are rendered pursuant to this Agreement. 4.3 The Minister will pay the Subsidy to Service Provider as soon as reasonably practicable (but in any event within 30 calendar days) of receipt of a correctly submitted Claim in the GSA online portal. 4.4 Subject to clause 4.5, the Minister is not obliged to make any payment under this Agreement unless the Service Provider has provided a correctly completed Claim in the GSA online portal in respect of that payment.
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Related to Payment of Subsidy

  • Engineer Payment of Subproviders No later than ten (10) days after receiving payment from the State, the Engineer shall pay all subproviders for work performed under a subcontract authorized hereunder. The State may withhold all payments that have or may become due if the Engineer fails to comply with the ten-day payment requirement. The State may also suspend the work under this contract or any work authorization until subproviders are paid. This requirement also applies to all lower tier subproviders, and this provision must be incorporated into all subcontracts.

  • Postponement of Subrogation, etc The Grantor will not exercise any rights which it may acquire by reason of any payment made hereunder, whether by way of subrogation, reimbursement or otherwise, until the prior payment, in full and in cash, of all Secured Obligations, the termination or expiration of all Letters of Credit, and the termination of all Commitments. Any amount paid to the Grantor on account of any payment made hereunder prior to the payment in full of all Secured Obligations shall be held in trust for the benefit of the Secured Parties and each holder of a Note and shall immediately be paid to the Secured Parties and each holder of a Note and credited and applied against the Secured Obligations, whether matured or unmatured, in accordance with the terms of the Credit Agreement; provided, however, that if (a) the Grantor has made payment to the Secured Parties and each holder of a Note of all or any part of the Secured Obligations, and (b) all Secured Obligations have been paid in full, all Letters of Credit have been terminated or expired and all Commitments have been permanently terminated, each Secured Party and each holder of a Note agrees that, at the Grantor's request, the Secured Parties and the holders of the Notes will execute and deliver to the Grantor appropriate documents (without recourse and without representation or warranty) necessary to evidence the transfer by subrogation to the Grantor of an interest in the Secured Obligations resulting from such payment by the Grantor. In furtherance of the foregoing, for so long as any Secured Obligations, Letters of Credit or Commitments remain outstanding, the Grantor shall refrain from taking any action or commencing any proceeding against a Borrower or any other Obligor (or its successors or assigns, whether in connection with a bankruptcy proceeding or otherwise) to recover any amounts in respect of payments made under this Security Agreement to any Secured Party or any holder of a Note.

  • No Impairment of Subordination No right of any present or future holder of any Senior Indebtedness to enforce subordination as herein provided shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of the Company or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by the Company with the terms, provisions and covenants of this Indenture, regardless of any knowledge thereof which any such holder may have or otherwise be charged with.

  • Payment of Reinsurance Premiums For automatic and facultative reinsurance, following the close of each calendar month, the Ceding Company will send the Reinsurer a statement and a listing of new business, changes and terminations. If a net reinsurance premium balance is payable to the Reinsurer, the Ceding Company will forward this balance within (60) sixty days after the close of each month. If a net reinsurance premium balance is payable to the Ceding Company, the balance due will be subtracted from the reinsurance premium payable by Ceding Company for the current month. The Reinsurer shall pay any remaining balance due the Ceding Company sixty days after the Ceding Company submits the statement.

  • PAYMENT OF SUBCONTRACTORS Contractor shall pay any of its subcontractors not later than seven (7) days after receipt of any progress payment, unless otherwise agreed to in writing, the respective amounts allowed Contractor on account of the work performed by subcontractor(s), to the extent of each subcontractor’s interest therein, except as otherwise provided in Business and Professions Code Section 7108.5.

  • Payment of Premiums Each Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security Trustee.

  • Agreement of Subordination The Company covenants and agrees, and each holder of Notes issued hereunder by its acceptance thereof likewise covenants and agrees, that all Notes shall be issued subject to the provisions of this Article Four, and each Person holding any Note, whether upon original issue or upon registration of transfer, assignment or exchange thereof, accepts and agrees to be bound by such provisions. The payment of the principal of, premium, if any, and interest (including Liquidated Damages, if any) on all Notes (including, but not limited to, the redemption price with respect to the Notes called for redemption in accordance with Section 3.2 or submitted for redemption in accordance with Section 3.5, as the case may be, as provided in this Indenture) issued hereunder shall, to the extent and in the manner hereinafter set forth, be subordinated and subject in right of payment to the prior payment in full of all Senior Indebtedness, whether outstanding at the date of this Indenture or thereafter incurred. No provision of this Article Four shall prevent the occurrence of any default or Event of Default hereunder.

  • Distributions to Certificateholders; Payment of Special Primary Insurance Premiums (a) On each Distribution Date, the Trustee (or any duly appointed paying agent) shall (i) subject to Section 3.05(a)(viii), withdraw from the Certificate Account any Special Primary Insurance Premium payable on such Distribution Date and pay such amount to the insurer under the applicable Special Primary Insurance Policy and (ii) withdraw from the Certificate Account the REMIC II Available Distribution Amount for such Distribution Date and distribute, from the amount so withdrawn, to the extent of the REMIC II Available Distribution Amount, the REMIC II Distribution Amount to the Certificateholders (including the Class R Certificateholders with respect to any distribution to the Holders of the Class R-2 Residual Interest), all in accordance with the written statement received from the Master Servicer pursuant to Section 4.02(b). Any Special Primary Insurance Premiums distributed pursuant to clause (i) above shall be distributed by means of payment acceptable to the insurer under the respective Special Primary Insurance Policy. Amounts distributed to the Certificateholders pursuant to clause (ii) above shall be distributed by wire transfer in immediately available funds for the account of, or by check mailed to, each such Certificateholder of record on the immediately preceding Record Date (other than as provided in Section 9.01 respecting the final distribution), as specified by each such Certificateholder and at the address of such Holder appearing in the Certificate Register. (b) All reductions in the Certificate Principal Balance of a Certificate effected by distributions of principal and all allocations of Realized Losses made on any Distribution Date shall be binding upon all Holders of such Certificate and of any Certificate issued upon the registration of transfer or exchange therefor or in lieu thereof, whether or not such distribution is noted on such Certificate. The final distribution of principal of each Certificate (and the final distribution upon the Class R Certificates upon (i) the termination of REMIC I and REMIC II and (ii) the payment, or making provision for payment, of all liabilities of the Trust) shall be payable in the manner provided above only upon presentation and surrender thereof on or after the Distribution Date therefor at the office or agency of the Certificate Registrar specified in the notice delivered pursuant to Section 4.04(c)(ii) and Section 9.01(b). (c) Whenever, on the basis of Curtailments, Payoffs and Monthly Payments on the Mortgage Loans and Insurance Proceeds and Liquidation Proceeds received and expected to be received during the Payoff Period, the Master Servicer has notified the Trustee that it believes that the entire remaining unpaid Class Principal Balance of any Class of Certificates will become distributable on the next Distribution Date, the Trustee shall, no later than the 18th day of the month of such Distribution Date, mail or cause to be mailed to each Person in whose name a Certificate to be so retired is registered at the close of business on the Record Date and to the Rating Agencies a notice to the effect that: (i) it is expected that funds sufficient to make such final distribution will be available in the Certificate Account on such Distribution Date, and (ii) if such funds are available, (A) such final distribution will be payable on such Distribution Date, but only upon presentation and surrender of such Certificate at the office or agency of the Certificate Registrar maintained for such purpose (the address of which shall be set forth in such notice), and (B) no interest shall accrue on such Certificate after such Distribution Date.

  • Postponement of Subrogation Each Grantor agrees that it will not exercise any rights against another Grantor which it may acquire by way of rights of subrogation under any Loan Document to which it is a party until following the Termination Date. No Grantor shall seek or be entitled to seek any contribution or reimbursement from the Borrower or any of the Subsidiaries, in respect of any payment made under any Loan Document or otherwise, until following the Termination Date. Any amount paid to any Grantor on account of any such subrogation rights prior to the Termination Date shall be held in trust for the benefit of the Lender and shall immediately be paid and turned over to the Lender in the exact form received by such Grantor (duly endorsed in favor of the Lender, if required), to be credited and applied against the Obligations, whether matured or unmatured, in accordance with Section 6.1(b); provided that if such Grantor has made payment to the Lender of all or any part of the Obligations and the Termination Date has occurred, then at such Grantor’s request, the Lender will, at the expense of such Grantor, execute and deliver to such Grantor appropriate documents (without recourse and without representation or warranty) necessary to evidence the transfer by subrogation to such Grantor of an interest in the Obligations resulting from such payment. In furtherance of the foregoing, at all times prior to the Termination Date, such Grantor shall refrain from taking any action or commencing any proceeding against the Borrower or any of the Subsidiaries (or their successors or assigns, whether in connection with a bankruptcy proceeding or otherwise) to recover any amounts in respect of payments made under this Security Agreement to the Lender.

  • Payment of Bills Except as otherwise indicated herein or on the Service Order(s), Comcast will invoice Customer in advance on a monthly basis for all monthly recurring Service charges and fees arising under the Agreement. All other charges will be billed monthly in arrears. Customer shall make payment to Comcast for all invoiced amounts within thirty (30) days after the date of the invoice. Any amounts not paid to Comcast within such period will be considered past due. If a Service Commencement Date is not the first day of a billing period, Xxxxxxxx’s next monthly invoice shall include a prorated charge for the Services, from the date of installation to the first day of the new billing. In certain cases, Comcast may agree to provide billing services on behalf of third parties, as the agent of the third party. Any such third-party charges shall be payable pursuant to any contract or other arrangement between Customer and the third party. Comcast shall not be responsible for any dispute regarding these charges between Xxxxxxxx and such third party. Customer must address all such disputes directly with the third party.

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