Payment Schedule. The purchase price for timber sold under this contract shall be paid in advance as follows: The first payment shall be paid within 30 days of the notification of high bid or before operating, whichever occurs first. The first payment shall be 10 percent of the total estimated bid value. The total estimated bid value shall be the sum obtained by multiplying the estimated timber volumes by the prices given in Section 44 less the amount of the project work. Cash bid deposits shall be applied to the initial payment. Subsequent payments shall be made in advance of timber removal when log hauling begins. Each payment shall be made before the value of timber removed equals one-half an advance payment or within the time period stated on the billing if PURCHASER is more than one-half of a payment in advance. The amount of each advance payment shall be calculated by dividing the total estimated bid value less the initial payment by 9; with the total estimated bid value being the sum obtained by multiplying the estimated timber volumes by the prices given in Section 44 less the amount of the project work. STATE may accept partial payment, upon written request, if logging is inactive. However, the full amount of advance payment is paid before logging resumes. Partial payment must be sufficient to maintain a payment deposit equal to one-half of a regular advance payment. The total purchase price shall be calculated after all log scale is reported by multiplying prices in Section 44 by the scaled volume. STATE shall refund any advance payment in excess of the total price, or PURCHASER shall pay any deficit within 30 days of notice. PURCHASER's deposit account shall not accrue interest payable to PURCHASER.
Payment Schedule. Except as provided in section 6.10 Travel, Meals and Lodging, payments will only be made based on Deliverables outlined within the Authorized User Agreement. Any invoice not related directly to a completed deliverable will be rejected. Any charge included on the invoice without backup documentation as specified in the Authorized User Agreement (travel receipts, etc.) may be removed. Any outstanding charges un-invoiced or removed from the invoice must be submitted/resubmitted within 120 Calendar days or may not be reimbursed. Each Deliverable may contain a retainage allotment as specified within the Authorized User Agreement. Each invoice is to include a detailed and itemized list of all retainage withholds that are in place since the activation of the Authorized User Agreement. Payment schedule shall be based on the final Authorized User Agreement as negotiated by the Authorized User and Contractor. Payment is only to be made after the deliverable within the Authorized User Agreement is accepted by the Authorized User. A Contractor is encouraged to submit no more than one invoice per month. Invoices must include cumulative retainage holdback. Invoices submitted to an Authorized User must include backup documentation as defined in the negotiated Authorized User Agreement.
Payment Schedule. All payments under this paragraph 7 shall be made to Employee at the same interval as payments of salary were made to Employee immediately prior to termination.
Payment Schedule. Registry Operator shall pay the Registry-Level Fees specified in Sections 7.2(a) and (c), and Section 7.2(d), if applicable, by the 20th day following the end of each calendar quarter (i.e., on April 20, July 20, October 20 and January 20 for the calendar quarters ending March 31, June 30, September 30 and December 31) of the year to an account designated by ICANN.
Payment Schedule. The City shall pay the Consultant in the manner and at such times as set forth in the Agreement Documents [or as follows: ]. The City seeks to make payment within thirty days of receipt of an invoice and any backup documentation requested under section 6D below.
Payment Schedule. In consideration of the services to be provided, the Department shall pay Contractor according to the following schedule:
A. Department shall pay Contractor $1,200.00 per visit, not to exceed four thousand eight hundred and 00/100 Dollars ($4,800.00) per contract period for the services described herein.
B. This rate is inclusive of all travel and per diem. Department will not compensate Contractor for travel or travel time, lodging, meals, supplies, or any other expense incurred by Contractor while performing services identified within this Contract.
Payment Schedule. All payments received hereunder shall be applied first to the payment of any expense or charges payable hereunder or under any other loan documents executed in connection with this Note, then to interest due and payable, with the balance applied to principal, or in such other order as Lender shall determine at its option.
Payment Schedule. 6.1 The Owner shall pay the Contractor monthly progress payments within 30 days of receipt of approved AIA Document/ Application and Certification of Payment according to the Contractor's schedule of values, less 10% retainage to be held until final payment.
6.2 The Contractor shall, before submission of the first Application for Payment, submit to the Owner a schedule of values of the various parts of the work aggregating the total sum of this Contract, made out in such detail as the Contractor and Owner may agree upon, or as required by the Owner and, if required, supported by such evidence as to its correctness as the Owner may direct. This schedule, when approved by the Owner, shall be used as a basis for Applications for Payment, unless it is found to be in error. In applying for payment, the Contractor shall submit a statement based upon this schedule.
6.3 Final payment shall be made within thirty (30) days after the last of the following:
(a) completion of the punch list;
(b) acceptance and occupancy of the project;
(c) submission of final Subcontractor/supplier lien releases;
(d) submission and approval of final invoice;
(e) submission of all product warranties and operating manuals;
(f) successful Final Completion inspection by the Owner as provided in Article 6.4. Before the issuance of any monthly progress payments and/or final payment, the Contractor, if required by the Owner, shall submit evidence, including, but not limited to, waivers of lien, satisfactory to the Owner that all payrolls, material bills, and all known indebtedness connected with the Contractor's work have been satisfied. Contractor shall promptly pay all suppliers and sub-contractor and shall indemnify and hold harmless Owner from any and all sources of claims arising from Contractor’s failure to promptly pay its suppliers and Contractors. Additionally and to the fullest extent allowed by South Carolina Law, Contractor shall indemnify and hold harmless Owner from any and all manner of claims (including reasonable attorney’s fees) allegedly covered in whole or in part or arising from in whole or impart the Contractor’s negligence, failure, errors, omissions, tortuous conduct, breach of standards or customs or codes or any duties arising under this agreement.
Payment Schedule. All payments of Accrued Obligations, or any portion thereof payable pursuant to this Section 8, shall be made to the Executive within ten (10) working days of the Date of Termination. Any payments payable to the Executive pursuant to Section 8.1(c) and (d) hereof shall be made to the Executive in a lump sum within ten (10) working days of the Date of Termination.
Payment Schedule a) The payment schedule of the Sale Price of the Apartment and VAT imposed thereon (exclusive of the Maintenance Fee of Commonly Owned Areas) shall be as follows: First Instalment immediately upon signing this Contract 15% Second Instalment After having completed the roofing and the fit-out is finished up to 24th 15% floor of the Apartment Building, tentatively before 06 February 2019. Third Instalment After having completed the roofing and the fit-out is finished up to 29th floor of the Apartment Building, tentatively before 06 March 2019. 15% Fourth Instalment No later than 06 April 2019. 15% Fifth Instalment No later than 06 May 2019. 10% Sixth Instalment On the Hand-over Date 25% Seventh Instalment On the date the Seller hands over the LURC to the Buyer 5%
b) Before the Hand-over Date, Both Parties shall agree to appoint an independent third party who is functional for implementing the measurement of Carpet Area of the Apartment (“Actual Area”); the Actual Area of the Apartment shall be final and binding on both Parties. In case, there are differences between the Actual Area of the Apartment and the Usable Area of the Apartment provided in the Contract: - equivalent to or less than 2% of the Usable Area of the Apartment, the Sale Price shall remain the same; or - the increased or decreased amount is higher than 2% of the Usable Area of the Apartment, then:
(i) The Sale Price shall be increased by more than 2% (in case the Actual Area is higher than the Usable Area under this Contract) by an adjustment amount determined as follows: Adjustment Amount = Unit Price X Actual Area – Usable Area of the Apartment under the Contract
(ii) The Sale Price shall be decreased by more than 2% (in case the Actual Area is higher than the Usable Area stated in this Contract) by an adjustment amount determined as follows: Adjustment Amount = Unit Price X Usable Area of the Apartment under the Contract - Actual Area The adjustment amount of the Sale Price arising from the difference between the Actual Area and the Usable Area of the Apartment shall be paid within seven (07) days from the signing date of the Hand-over Minutes.
c) The payment schedule of the Maintenance Fee of Commonly Owned Areas in the Apartment Building: The Buyer shall be obliged to pay the Maintenance Fee of Commonly Owned Areas in the Apartment Building (to be determined based on the Sale Price exclusive of tax and subject to relevant adjustment as provided for in Item (b), Clause 3, Article 3 of this...
