Payment Schedule of Payment Sample Clauses

Payment Schedule of Payment. Progress Payments - Supplier may submit a request for payment based on the monthly Progress Reports. The Progress Reports shall be attached to the progress billing and should include the following: (i) cumulative quantities of items delivered based on the schedule of deliveries and other relevant terms and conditions of the contract; and (ii) Inspection and acceptance reports, including certification by supplier, as ap•proved by duly authorized DepEd rep•resentative, that the items have been delivered on/or properly installed and commissioned in accordance with the contract. (NOTE: The Supplier must furnish copy of the above-mentioned documents to DepEd Accounting and the End-user (AS-AMD) and the Contract Management Division of the Procurement Service, Central Office. Payments shall be subject to the “Warranty” provision in the form of either retention money in an amount equivalent to at least 3% of every progress payment, or a special bank guarantee in the amount equal to at least 3% of the Contract Price as required under Section 62 of RA 9184 and its IRR. The method and conditions of payment to be made to the Supplier through the Government disbursement procedure within sixty (60) days after the date of acceptance of Goods at the Project Site and upon submission of documents under this contract shall be as follows: For the initial progress payment, a minimum of 25% of the Contract Price of the lot shall be paid to the Supplier upon a minimum of 25% delivery of the requirement of the lot and duly accepted by the Deped’s representatives. Final payment shall constitute release of the retention money in case of expiry of the warranty period, or whatever is left of it, after it has been called for use under the warranty provision. Payment shall be made within sixty (60) calendar days after the date of acceptance of the goods at the Project Site and upon submission of the documents (i) to (viii) specified in SCC Clause 6.2 and other documents required in accounting and auditing rules and regulations.
Sample 1
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Related to Payment Schedule of Payment

  • Schedule of Payment An employee shall be paid at his/her assigned building or by mail on the following dates listed below: September 15 and 30, 2016 September 15 and 30, 2017 October 15 and 30, 2016 October 15 and 30, 2017 November 13 and 30, 2016 November 13 and 30, 2017 December 15 and 31, 2016 December 15 and 31, 2017 January 15 and 29, 2017 January 15 and 29, 2018 February 15 and 29, 2017 February 15 and 29, 2018 March 15 and 31, 2017 March 15 and 31, 2018 April 15 and 29, 2017 April 15 and 29, 2018 May 15 and 31, 2017 May 15 and 31, 2018 June 15 and 30, 2017 June 15 and 30, 2018 July 15 and 29, 2017 July 15 and 29, 2018 August 15 and 31, 2017 August 15 and 31, 2018

  • Schedule of Payments The City shall pay the Company and amount of $75,000.00 within 60 days after the Company has complied with all of the conditions in Section 2(a) (Prerequisites to Payments).

  • 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.

  • Form of Payment On the Closing Date (as defined below), (i) the Buyer shall pay the purchase price for the Note to be issued and sold to it at the Closing (as defined below) (the “Purchase Price”) by wire transfer of immediately available funds to the Company, in accordance with the Company’s written wiring instructions, against delivery of the Note in the principal amount equal to the Purchase Price as is set forth immediately below the Buyer’s name on the signature pages hereto, and (ii) the Company shall deliver such duly executed Note on behalf of the Company, to the Buyer, against delivery of such Purchase Price.

  • TERMS OF PAYMENT 16.1 The Supplier shall request for payment by submitting invoice(s), delivery note(s) and any other relevant documents as specified in the SCC to the Procuring Entity.

  • Form of Payments All payments to Holders will be made as Automated Clearing House (ACH) deposits into an account designated by each Holder at the Site.

  • Prompt Payment Schedule Except as otherwise provided by law or regulation or in Sections 504.4 and 504.5 of this Exhibit, the Date of Payment by NYSERDA of an amount properly due and owing under this Agreement shall be no later than thirty (30) calendar days, excluding legal holidays, after Receipt of a Proper Invoice.

  • FEES AND PAYMENT SCHEDULE The fees and payment schedule for furnishing services under this Contract shall be based on the rate schedule which is attached hereto as Exhibit B and by this reference incorporated herein. Said fees shall remain in effect for the entire term of the Contract. Contractor shall provide County with his/her/its Federal Tax I.D. number prior to submitting the first invoice.

  • Repayment Schedule The Borrower shall make equal installments of $[Payment Amount] to the Lender each [Payment Period] beginning on [First Payment Due Date] and continuing each [Payment Period] thereafter for [Number of Payments] consecutive [Payment Periods].

  • 213 Periodic Payment Schedule Pur- chaser shall make periodic payments for stumpage value, as shown in A19. In the event Purchaser has not paid the amount(s) stated in A19 as stumpage for volume removed by the periodic payment determination date(s), Forest Service shall issue a bill for collection for the difference between the required amount and payments made by Purchaser. If payment(s) fall due on a date other than a normal billing date, the payment date shall be extended to coincide with the next Timber Sale Account billing date. The amount of the periodic payment(s) will be re- duced if the payment(s) would result in Purchaser’s credit balance for timber charges exceeding the Current Con- tract Value. Only cash may be used for this purpose. No other form of payment is acceptable. Forest Service will apply the payments to subsequent charges on this contract un- der the terms of B4.212. Except for Contract Term Extension under B8.23, pe- riodic payment determination date(s) that have not been reached shall be adjusted one day for each additional day of contract time granted.

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