Payment Terms & Conditions. 4.1 The Lessee shall pay Annual Lease Rent as specified in Schedule “2” (@ 5 acres per MWAC is allotted to Lessee and annual lease rent is calculated considering 5 acres per MWAC irrespective of actual utilization of land) to Lessor for the land physically handed over to Lessee’s possession free of any encumbrances, for implementation of 50 MWAC SPV based Power Project at 2000 MWAC Pavagada Ultra Mega Solar Park, in Tumkur District of State of Karnataka.
Payment Terms & Conditions. 4.1 The Lessee shall have to pay or reimburse to SPIA (GPCL) ( Lessor ) Annual Lease Rent of Rs.10000 (Rupees fifteen thousand only) per Ha for the year 2018-19. There shall be 15% increment in every three years, as to be decided by DSIRA, from time to time
Payment Terms & Conditions. The Lessee shall pay Annual Lease Rent of Rs.1000 (Rupees one thousand only) per acre (@ 5 acres per MW is alloted to Lessee and annual lease rent is calculated considering 5 acres per MW irrespective of actual utilisation of land) to Lessor for the land physically handed over to Lessee’s possession free of any encumbrances, for implementation of ....... MWp SPV based Power Project at Kurnool Ultra Mega Solar Park (1000 MW), in Kurnool District of State of Andhra Pradesh. Annual lease rent for the first financial year shall be payable on prorata basis on or before signing of this agreement. For subsequent period, lease rent shall be payable on or before 30th April at the beginning of each financial year. Service tax and all other taxes, duties, cess and other Government levies applicable on such transaction shall be reimbursed to the SPPD by the SPD within 7 days from the date of issue of xxxx by SPPD. Taxes & Duties Lessee shall be responsible for payment of all Taxes & Duties arising from Lessee’s operation of the power plant. Penalty for Delayed Payment If payment of annual lease rent or any other supplementary xxxx in respect of tax etc is delayed beyond their due date, Lessee shall pay interest at the rate of 18% per annum for the delayed period. If the payment is delayed beyond 30 days from the due date of payment, Lessor shall present the LC, established by Lessee as per the Clause 5.0, in the Bank to draw the amount.
Payment Terms & Conditions. 2.6.1 Invoices shall be submitted to station manager as per Air line Specification on monthly basis with full supporting documents and complete in all respects. Each xxxx is to be submitted within 10 days of the last date of the 30 days period of reckoning. For AI Express flights separate xxxx to be drawn in the name of Air India express. Payment shall be made by the said Air line within 45 days of the receipt of invoices. The payment will be made through ECS/ RTGS and caterer must provide the bank details (Bank mandate form/cancelled cheque) along with the technical bid. In the event of any discrepancies regarding invoices, the same shall be brought to the caterer by the certifying / paying authority. The Air line reserves the right to defer payment until the same is resolved. Deferment of payment as aforesaid will not dis entitle the Air line to the discount, if any. Regularization will be carried out via-debit/credit notes.
Payment Terms & Conditions. 1. The Contractor will be wholly and exclusively responsible for payment of wages to the persons engaged by it in compliance of all the statutory obligations under all related legislations as applicable to it from time to time and IWAI shall not incur any liability for any expenditure whatsoever on the persons employed by the Contractor on account of any obligation. The Contractor will require providing particulars of EPF, ESI of its employees engaged in this office. The Contractor shall comply all statutory provisions of law, rules and regulations of Act and keep XXXX informed about any amendment in the law from time to time. In the event any liability in relation to wages of the personnel employed on IWAI, XXXX shall be entitled to adjust the same in the payment to be made to the Contractor in the subsequent month.
Payment Terms & Conditions. BSFC agrees to pay BSMI as follows for product orders:
Payment Terms & Conditions. 4.1 The Lessee shall pay Annual Lease Rent as specified in Schedule “2” (@ 5 acres per MWAC is allotted to Lessee and annual lease rent is calculated considering 5 acres per MWAC irrespective of actual utilization of land) to Lessor for the land physically handed over to Lessee’s possession free of any encumbrances, for implementation of MWAC SPV based Power Project in the Solar Park.
Payment Terms & Conditions. The current Safran Helicopter Engines General Sales Conditions shall govern this Contract except when they conflict with the provisions herein. All orders shall be confirmed by SafranHE only after payment for the full amount due by CUSTOMER to SafranHE via swift bank at: Deutsche Bank AG IBAN: XX00 0000 0000 0000 0000 00 BIC (Swift): XXXXXXXXXXX BLZ: 360 700 50 Account No: 113 1184 00 Bank address: Deutsche Bank AG Xxxxxxxxxxx 00 45127 Essen Germany For Repair or Overhaul services, CUSTOMER shall pay a down payment of thirty percent of the total amount of such purchase order. Such down payment is payable by BUYER within thirty (30) calendar days following the issuing of the down payment invoice based on the Technical report and respective commercial offer. After completion of the Services, CUSTOMER shall pay the balance amount of seventy percent (70%) to the SafranHE thirty (30) calendar days following the issuing of the invoice by XxxxxxXX. For all other purchase orders, one hundred percent payment (100%) payment shall be due thirty (30) calendar days following the issue of the invoice by XxxxxxXX. If the invoice is delivered between 15th December of the given year and 28th February of the following year, it is due within 60 (sixty) calendar days from the date of its demonstrable delivery to the address of the invoice recipient. In the case of delivery to an address other than the address of the invoice recipient, the due date does not run and the Purchaser is not in arrears with payment. If the last due date falls on a non-working day or public holiday, then the due date is the following working day. CUSTOMER undertakes that SafranHE shall receive on account (as shown above) the full amount of payments falling due under this Clause 7 without any set-off, abatement or withholding.
Payment Terms & Conditions. 8.1 Notwithstanding anything to the contrary stated the duty and liability to reimburse any settled claim shall solely be the responsibility of the Insurer and the Insurer shall make the payments directly to the Hospital through the help and support of TPA in accordance with the Authority Regulations.
Payment Terms & Conditions. The total quantity of electric energy supplied in the previous month shall be invoiced by the Seller at the beginning of each month. The Buyer shall settle the invoice within 60 days after the last day of the preceding month by making payment to the account specified in the invoice. A copy of the invoice is to be sent to ELES by fax, and the original invoice shall be subsequently sent by post. Each of the contracting parties hereto shall bear all the bank charges occurring in their respective territories. In case of any delay in payment, the Buyer shall pay to the Seller default interest in an amount equal to the relevant monthly EURIBOR rate (as determined by Reuters or its equivalent for a respective month) plus two percent (calculated on a per-annum basis). Default interest shall be charged from the date when payment was due to the date when payment is received.
