Payments of Accounts. 7.1 Within the limits of the Approved Funds, the Recipient’s actual payments will be reimbursed against claims made in accordance with the schedule in Annex C. Payment shall be made within 30 days of receipt of a valid invoice. Claims for payment should be submitted by the Recipient to the Funds Manager and accompanied by a Payment Milestone Achievement Certificate (see Annex A), approved by the Centre Director and signed by the Administrative or Finance Officer of the Recipient. Any items of equipment purchased under this Contract and placed on the Recipient inventory should be detailed separately in the claim.
Payments of Accounts. The Directors acknowledge their responsibility for ensuring compliance, in all material respects, with the provisions of the Prompt Payments of Accounts Xxx 0000, the European Communities (Late Payment in Commercial Transactions) Regulations 2002 and the European Communities (Late Payment in Commercial Transactions) Regulations 2012 - 2016 (the “Regulations”). Procedures have been implemented to identify the dates upon which invoices fall due for payment and to ensure that payments are made by such dates. Such procedures provide reasonable but not absolute assurance against material non−compliance with the Regulations. The Directors are satisfied that Bord na Xxxx Plc has complied in all material respects with the relevant requirements of the Regulations in relation to external supplier payments within the EU. In 2015, the Government launched the Prompt Payment Code of Conduct and Bord na Xxxx is a signatory to this code and undertakes to pay suppliers within agreed terms. Principal Subsidiaries and Partnerships Details of the Group’s principal operating subsidiaries (including overseas branches) and partnerships are set out in note 24 of the financial statements. Research and Development The research and development costs incurred during the year by the Group were €10.7 million (FY21: €6.9 million). Political Donations The Board made no political donations during the year (FY21: €nil). Auditors In accordance with Section 383(2) of the Companies Xxx 0000, the auditor KPMG, Chartered Accountants, who were re-appointed, will continue in office. On behalf of the Board Xxxxxxxx Xxxxxxx Chairman and Director Xxx Xxxxxxxxx Chief Executive 20 June 2022 Statement of Directors’ Responsibilities Independent Auditor’s Report to the Members of Bord na Xxxx plc for the year ended 30 March 2022 The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law they have elected to prepare the Group and Company financial statements in accordance with International Financial Reporting Standards (IFRS) as adopted by the EU and applicable law. Under company law the directors must not approve the Group and Company financial statements unless they are satisfied that they give a true and fair view of the assets, liabilities and financial position of the Group and Company and of the Group’s prof...
Payments of Accounts. 42 5.29 Leased Equipment...........................................42 5.30 Wool Products Agreement....................................43 5.31 Sale of Co-Owned Land......................................43 5.32
Payments of Accounts. 6.1 Invoices must be paid 28 days from date of invoice.
Payments of Accounts. Prior to the Closing, Vitro and VENA, on the one hand, and OC and OCVF, on the other hand, shall, and shall cause their respective Affiliates to, bring current any accounts payable owed to the other non-affiliated parties hereto or their Affiliates in accordance with applicable terms thereof (other than the accounts payable owed by Vitro Chemical to JV), provided that this Section 5.28 shall not apply to any accounts payable owed between Company and/or any of the Subsidiaries.
Payments of Accounts. RECEIVABLE In the event Sellers shall receive any instrument of payment of any of the Accounts Receivable, Sellers shall promptly deliver it to Buyer, endorsed where necessary, without recourse, in favor of Buyer. Similarly, in the event Buyer shall receive any instrument of payment of any Excluded Assets, Buyer shall promptly deliver it to Sellers, endorsed where necessary, without recourse, in favor of Sellers.
Payments of Accounts. Within the limits of the approved funds, the University’s actual payments will be reimbursed quarterly in arrears. Claims for payment should be submitted by the University to the Council's Programme Manager. The claims will be certified as follows: “I certify that the amounts claimed were actually expended for the sole purpose of the programme of works and in accordance with the conditions of the contract.” and signed by the Administrative or Finance Officer of the University. Any items of equipment purchased under this Contract and placed on the University I nventory should be detailed separately in the quarterly claim.
Payments of Accounts. 7.1 Within the limits of the approved funds, the Recipient’s actual payments will be reimbursed against claims made in accordance with the schedule in Annex C. Payment shall be made within 30 days of receipt of a valid invoice. Claims for payment should be submitted by the Recipient to the Funds Manager and accompanied by a Payment Milestone Achievement Certificate (see Annex A), approved by the Centre Programme Manager and signed by the Administrative or Finance Officer of the Recipient. Any items of equipment purchased under this Contract and placed on the Recipient inventory should be detailed separately in the claim.
7.2 Funds will be paid to the Recipient via transfer to an ordinary business bank account within the clearing bank system only, unless express written consent is given by the Funder for use of an alternative account.
7.3 In the event that an overpayment of funds is made, either as a result of administrative error, breach of this Contract or change of circumstances, the Recipient shall promptly repay any overpayment to the Funds Manager on the Funds Manager’s request.
