PAYMENT UNDER THE AGREEMENT Clause Samples
The "Payment Under the Agreement" clause defines the terms and conditions governing how and when payments are to be made between the parties involved in the contract. It typically outlines the payment schedule, acceptable methods of payment, invoicing procedures, and any applicable penalties for late payments. For example, it may specify that payments are due within 30 days of receiving an invoice or that electronic transfers are the preferred method. This clause ensures both parties have a clear understanding of their financial obligations, reducing the risk of disputes and facilitating smooth financial transactions throughout the duration of the agreement.
PAYMENT UNDER THE AGREEMENT. Payments by the Grantee under this Agreement are limited to reimbursement of eligible expenditures made or eligible expenses incurred by the Site Developer, except where advance payments are explicitly authorized in writing by the Grantee at the sole discretion of the Grantee. Eligible expenditures for this project include a management and oversight fee to the Site Developer as set forth in Attachment A. All expenditures and expenses shall be incurred in accordance with the provisions of this Agreement. Payments shall be made based upon this schedule and shall only be made after the Site Developer has presented documentation of expenses that meet City approval. It is expressly understood and agreed by the Site Developer that payment by the Grantee will not exceed the maximum sum of $2,759,621.00 for all of the services specified in Attachment A. Further, the Site Developer understands and agrees that any payment made under this Agreement by the Grantee is limited to funds made available under the grant referenced above. Grantee represents to Site Developer that it has such funds presently available and committed to the Project. The Grantee shall make payments upon receipt of a request for check from the Site Developer, documentation of expenditures and expenses incurred and work undertaken by the Site Developer, the time sheets and narrative description described in Section 13, where applicable and any other documentation that the Director of the Department of Community Development for the Grantee, hereinafter referred to as DCD, may require from the Site Developer, with all such documentation to be in the form and substance satisfactory to DCD. Payments shall be made by the Grantee in accordance with the provisions of this Agreement and only for activities listed in Attachment A.
PAYMENT UNDER THE AGREEMENT. Payments by the Grantee under this Agreement are limited to reimbursement of eligible expenditures made or eligible expenses incurred by the Developer, except where advance payments are explicitly authorized in writing by the Grantee at the sole discretion of the Grantee. All expenditures and expenses shall be incurred in accordance with the provisions of this Agreement. Payments shall be made based upon this schedule and shall only be made after the Developer has presented documentation of expenses that meet City approval. It is expressly understood and agreed by the Developer that payment by the Grantee will not exceed the maximum sum of $6,850,000.00 for all of the services specified in Attachment A. Further, the Developer understands and agrees that any payment made under this Agreement by the Grantee is limited to funds made available under the grant referenced above. Grantee represents to Developer that it has such funds presently available and committed to the Project. The Grantee shall make payments upon receipt of a request for check from the Developer, documentation of expenditures and expenses incurred and work undertaken by the Developer, the time sheets and narrative description described in Section 13, where applicable and any other documentation that the Director of the Department of Community Development for the Grantee, hereinafter referred to as DCD, may require from the Developer, with all such documentation to be in the form and substance satisfactory to DCD. Payments shall be made by the Grantee in accordance with the provisions of this Agreement and only for activities listed in Attachment A.
PAYMENT UNDER THE AGREEMENT. The Customer shall make Payments in accordance with the Insurance broker’s Tariffs and the tariffs of the Insurer, effective at the date of payment.