Payments and Advances. (A) If Operator so requests, each Non-Operator must advance its share of estimated cash requirements for the succeeding month’s Operations. Each such Cash Call will be equal to the Operator’s estimate of the money to be spent on approved work in the currencies required to perform its duties under the associated approved Work Program and Budget during the month concerned. For informational purposes, the Cash Call will contain an estimate of the funds by currency required for the succeeding two (2) Months detailed by the categories designated in the approved Work Program and Budget submitted by Operator.
(B) Each such Cash Call, detailed by the categories designated in the approved Work Program and Budget submitted by Operator in accordance with Clause 3 of the Association Contract, must be made in writing and delivered to all Non-Operators not less than fifteen (15) Days before the payment due date. The due date for payment of such Advances will be set by Operator but must be no sooner than the first Day of the period for which the Advances are required. All Advances shall be made without bank charges. Any charges related to receipt of Advances from a Non-Operator must be borne by that Non-Operator.
(C) Each Non-Operator must electronically transfer its share of the full amount of each such Cash Call to Operator on or before the due date, in the currencies requested or any other currencies acceptable to Operator and at a bank designated by Operator. If currency provided by a Non-Operator is other than the requested currency, then the entire cost of converting to the requested currency will be charged to that Non-Operator.
(D) Notwithstanding the provisions of Section 1.7(A), should Operator be required to pay any sums of money for the Joint Operations which were unforeseen at the time of providing the Non-Operators with said estimates of its requirements, Operator may make a written request of the Non- Operators for special Advances covering the Non-Operators’ share of such payments. Each such Non-Operator must make its special Advances within fifteen(15) Days after receipt of such Notice.
(E) If a Non-Operator’s Advances exceed its share of cash expenditures, the next succeeding cash advance requirements, after such determination, will be reduced accordingly. However, if the amount of such excess Advance is greater than the amount of the next Month’s estimated cash requirements for such Non-Operator, the Non-Operator may request a refund of the difference ...
Payments and Advances. 1.6.1 Upon approval of any Work Program and Budget, if Paltar so requests, Nation shall advance its share of estimated cash requirements for the succeeding month's operations. Each such Cash Call shall be equal to Paltar's estimate of the money to be spent in the currencies required to perform its duties under the Work Program and Budget during the month concerned. For informational purposes the Cash Call shall contain an estimate of the funds required for the succeeding two months detailed by the categories designated in the Work Program and Budget.
1.6.2 Each such cash Call, detailed by the categories designated in the Work Program and Budget, shall be made in writing and delivered to Nation not less than 15 days before the payment due date. The due date for payment of such advances shall be set by Paltar but shall be no sooner than the first day of the month for which the advances are required. All advances shall be made without bank charges. Any charges related to receipt of advances from Nation shall be borne by Nation.
1.6.3 Nation shall wire transfer its share of the full amount of each Cash Call to Paltar on or before the due date, in the currencies requested or any other currencies acceptable to Paltar at a bank designated by Paltar. If currency provided by Nation is other than the requested currency, then the entire cost of converting to the requested currency shall be charged to Nation.
1.6.4 Notwithstanding the provisions of clause 1.6.2 of this Accounting Procedure, should Paltar be required to pay any sums of money for Operations which were unforeseen at the time estimates were provided to Nation, Paltar may make a written request of Nation for special advances covering Nation' share of such payments. Each such Nation shall make its proportional special advances within ten days after receipt of such notice.
1.6.5 If Nation's advances exceed its share of cash expenditures, the next succeeding cash advance requirements, after such determination, shall be reduced accordingly. However, if the amount of such excess advance is greater than the amount of the next month's estimated cash requirements for such Nation, Nation may request a refund of the difference, which refund shall be made by Paltar within ten days after receipt of Nation's request provided that the amount is in excess of twenty five thousand Australian dollars (A$25,000.00).
1.6.6 If Nation's advances are less than its share of cash expenditures, the deficiency shall, at Paltar's opt...
Payments and Advances. 1.6.1 Upon approval of any Work Program, Budget and AFE each Party shall advance its Paying Share of estimated cash requirements for the succeeding month’s operations. Each such cash call shall be equal to the Joint Operating Team’s estimate of the money to be spent in the currencies required to perform its duties under the approved Work Program and Budget during the month concerned. The Joint Operating Team may determine that the cash to be called for a month may be paid in separate amounts within the month. For information purposes the cash call shall contain an estimate of the funds required for the succeeding two (2) months.
1.6.2 Each such cash call, detailed by major budget categories and AFE, shall be made in writing and delivered to all Parties not less than ten (10) Days before the payment due date. The due date for payment of such advances shall be set by the Joint Operating Team but shall be no sooner than the first Business Day of the month for which the advances are required. All advances shall be made without bank charges. Any charges related to receipt of advances from a Party shall be borne by that Party.
1.6.3 Each Party shall wire transfer its share of the full amount of each such cash call to the Joint Account on or before the due date, in Dollars to an account which is wholly and exclusively maintained for the receipt and payment of monies relating to Joint Operations at a properly constituted internationally reputable bank. For all payments made in currencies other than Dollars, the Joint Operating Team shall request payment from the Parties in Dollars. It is the intent that none of the Parties shall experience an exchange gain or loss at the expense of, or to the benefit of, the other Parties.
1.6.4 Notwithstanding the provisions of Clause 1.6.2 of this Section I, should it prove necessary to pay any sums of money for the Joint Operations which were unforeseen at the time of providing the Parties with said estimates of its requirements, the Joint Operating Team may make a written request of the Parties for special advances covering the Parties’ share of such payments. Each such Party shall make its proportional special advances within ten (10) Days after receipt of such notice. However, the Joint Operating Team shall make all efforts to avoid such special advances.
1.6.5 If a Party’s advances exceed its share of cash expenditures, the next succeeding cash advance requirements, after such determination, shall be reduced accordingly. A ...
Payments and Advances. Seller has not, and to the best of Seller’s knowledge no Person has, advanced funds, or induced, solicited or received any advance of funds by a Person other than the Mortgagor, directly or indirectly, for the payment of any amount required under or to obtain the Mortgage Loan, or any tax, insurance, special assessment, sewer, utility or similar payments with respect to the Mortgaged Property. The Mortgagor has made any down payment required in connection with the Mortgage Loan, and has received no concession from Seller, the seller of the Mortgaged Property or any other third Person, except as clearly disclosed in the Mortgage File and in writing to Buyer. No subordinate financing was used in the Mortgagor’s acquisition of the property securing the Mortgage Loan other than subordinate financing acceptable to Buyer, Xxxxxx Xxx, Xxxxxxx Mac, Xxxxxx Xxx, HUD, VA or applicable Takeout Investor pursuant to their requirements in effect at the time of purchase of the Mortgage Loan by the Buyer.
Payments and Advances. Seller has not advanced funds, or induced, solicited or knowingly received any advance of funds by a Person other than the Borrower, directly or indirectly, for the payment of any amount required under or to obtain the Loan. The Borrower has made any down payment required in connection with the Loan, and has received no concession from Seller, the seller of the Mortgaged Property or any other third Person, except as clearly disclosed in writing to Purchaser and as permitted under Applicable Requirements.
Payments and Advances. 2.1 Grantee must submit requests for reimbursement on a state of Texas Purchase Voucher or any other form designated by HHSC.
2.2 Grantee must be on Direct Deposit status unless prior approval is obtained from HHSC and a waiver is on file.
2.3 Payments made for approved claims or notice of denial of claims submitted in accordance budgetary amounts set forth within Attachment D of this Contract, will be mailed not later than 30 calendar days after receipt of monthly vouchers.
2.4 Payment is considered made on the date postmarked or the date funds are transferred electronically.
2.5 HHSC is the payor of last resort for budgeted early intervention services in accordance with 34 CFR §303.510. As such, Grantee must utilize other funding for which consumers are eligible before billing HHSC for services provided.
2.6 Grantee will disburse program income and other third party revenue, rebates, refunds, contract settlements, audit recoveries and interest earned on such funds before requesting additional cash payments from HHSC.
2.7 Locally collected federal, state, local, and private funds are the total funds and in-kind contributions available to support Grantee’s ECI program from sources other than the ECI contract. Funding from this contract will be used to supplement the level of locally collected federal, state, local, and private funds expended by Grantee for early intervention services and will not be used to supplant locally collected federal, state, local, and private funds received by Grantee from other sources. This provision requires Grantee to budget and expend at least the same amount of locally collected federal, state, local, and private funds in the current fiscal year for early intervention services covered under this contract as was expended in the previous fiscal year, excluding program income and other third party revenue collections, in-kind contributions and unsolicited cash contributions, unless exceptional circumstances are approved. Allowances may be made for decreases in the number of children who are eligible to receive early intervention services and unusually large amounts of funds expended for such long-term purposes as the acquisition of equipment and the construction of facilities.
2.8 HHSC will determine whether costs submitted by Grantee are allowable and reimbursable.
2.9 If HHSC has paid funds to Grantee for unallowable or ineligible costs, Grantee will return the funds to HHSC within 30 calendar days of identification of the un...
Payments and Advances. The Borrowers may, at their discretion, make payments to the FLAIR Account, which payments shall represent and be deemed to be prepayments of Floor Plan Loans for the pro rata benefit of the Floor Plan Lenders. So long as there is no continuing Default or Event of Default under this Agreement, amounts in the FLAIR Account may be readvanced to the Borrowers upon submission by the Borrowers of a written request pursuant to procedures established by the Administrative Agent. Such advances shall be subject to all the terms and conditions of this Section 2.04. Payments into the FLAIR Account are limited to two per day and advances from the FLAIR Account are limited to three per day, each transaction to be in an amount of at least $50,000; provided, the Borrowers may request an advance of less than $50,000 if such amount constitutes the entire balance in the FLAIR Account at the time of such request.
Payments and Advances. Upon approval of any work programme and budget, the Operator will have the right on a current basis only, to make monthly advance cash calls to all Working Interest Owners for the period covered by such work programmes and budgets. In the event of a Commercial Discovery, a monthly or other suitable time frame for cash calls and the procedures for such calls will be as adopted or determined by the Operating Committee. Each such month cash call shall be equal to Operator's estimate of the actual money required by it to perform its duties under the approved work programme and budget therefor during the month concerned. Each such call shall be made in writing detailing the payments the Operator anticipates to be required during the period covered thereby, and shall be delivered or sent by telex / fax delivered personally to all Working Interest Owners not later than 20 Days prior to the beginning of the month preceding the month when such Expenditures are to be made, and each Working Interest Owner hereto shall pay its Working Interest share of the full amount of each such cash call in cash, to the Operator not later than the first working Day of the month for which the funds are required, and if not so paid, the Working Interest Owner in default will pay an additional sum calculated on the unpaid balance at the rate of one an half percent (1.5%) per month or any fraction of a month, until paid. If a Working Interest Owner is in default of payments due by it under the Joint Operating Agreement, the applicable provisions of the Joint Operating Agreement shall apply. Cash calls shall be increased or decreased, as required by the Operator, in order to adjust for payments made on behalf of the Joint Venture for services and materials furnished by the Operator or to replace any deficit or eliminate any surplus as the case may be, of the cash funds available in the Joint Account. Funds made available to the Operator on trust are for the account of the Non-Operators and shall not be subjected to any prior lien in favor of a third party. Subject to Article XII of the Concession Agreement, all payments by Pakistani Working Interest Owners may be made in Pakistan Rupees irrespective of the currencies in which such costs and expenses are to be incurred and by foreign Working Interest Owners in United States Dollars or any other currency in which Expenditures are incurred. Subject to the provisions of the Concession Agreement, the Operator shall have the right, at any tim...
Payments and Advances. 1.6.1 Upon approval of any Work Program and Budget, if Operator so requests, each Non-Operator shall advance its share of estimated cash requirements for the succeeding month’s operations. Each such cash call shall be equal to the Operator’s estimate of the money to be spent in the currencies required to perform its duties under the approved Work Program and Budget during the
Payments and Advances. 4 1.8 Adjustments.....................................................6 1.9 Audits..........................................................7 1.10 Allocations.....................................................8
