PAYMENTSPAYMENTS Sample Clauses
The PAYMENTS clause establishes the terms and conditions under which payments are to be made between parties in a contract. It typically outlines the amount, timing, method, and currency of payments, and may specify invoicing procedures or penalties for late payment. By clearly defining these payment obligations, the clause helps prevent disputes over financial transactions and ensures both parties understand their financial responsibilities.
PAYMENTSPAYMENTS. A. COUNTY shall pay CONTRACTOR monthly, in arrears, for the actual costs of providing services described hereunder, less revenues which are actually received by CONTRACTOR. All payments are interim payments only and are subject to Final Settlement in accordance with the Cost Report paragraph of the Agreement for which CONTRACTOR shall be reimbursed for the actual cost of providing the services; hereunder provided, however, the total of such payments does not exceed COUNTY’s Total Maximum Obligation and, provided further, CONTRACTOR’s costs are reimbursable pursuant to County, State and/or Federal regulations. ADMINISTRATOR may, at its discretion, pay supplemental ▇▇▇▇▇▇▇▇ for any month for which the interim payment amount specified above has not been fully paid.
1. In support of the monthly billing, CONTRACTOR shall submit an Expenditure and Revenue Report, which shall have other information including but not limited to, staffing, units of service, and any other information requested by ADMINISTRATOR, as specified in the Reports paragraph of this Exhibit A to the Agreement. ADMINISTRATOR shall use the Expenditure and Revenue Report to determine payment to CONTRACTOR as specified in subparagraphsSubparagraphs A.2. and A.3., below.
2. If, at any time, CONTRACTOR’s Expenditure and Revenue Reports indicate that the monthly interim payments exceed the actual cost of providing services, ADMINISTRATOR may reduce COUNTY payments to CONTRACTOR by an amount not to exceed the difference between the year-to- date interim payment amount to CONTRACTOR and the year-to-date actual cost incurred by CONTRACTOR.
3. If, at any time, CONTRACTOR’s Expenditure and Revenue Reports indicate that the interim payment amounts are less than the actual cost of providing services, ADMINISTRATOR may authorize a supplemental payment to CONTRACTOR by an amount not to exceed the difference between the year-to-date interim payment amount to CONTRACTOR and the year-to-date actual cost incurred by CONTRACTOR.
B. CONTRACTOR’s billing shall be on a form approved or supplied by COUNTY and provide such information as is required by ADMINISTRATOR. BillingsInvoices are due the twentieth (20th) calendar day of each month and payments to CONTRACTOR should be released by COUNTY no later than twenty-one (21) calendar days after receipt of the correctly completed billing form.
C. All ▇▇▇▇▇▇▇▇ to COUNTY shall be supported, at CONTRACTOR’s facility, by source documentation including, but not limited to, le...
PAYMENTSPAYMENTS. 20 A. COUNTY shall pay CONTRACTOR monthly, in arrears, at the provisional amount of 21 $186,175 per month for Period One and Period Two. All payments are interim payments only, and 22 subject to Final Settlementfinal settlement in accordance with the Cost Report paragraphParagraph of Subparagraph A. of this Exhibit A to the Agreement , which may include Indirect Administrative Costs, as identified in the Budget Paragraph, as stated in the Referenced Contract Provisions 23 thisthe Agreement for which CONTRACTOR shall be reimbursed for the actual cost of providing the 24 services 25 ; provided, however, the total of such payments does of the Agreement 26 not exceed COUNTY’s Total Maximum Obligation 28 county and, provided further, CONTRACTOR’s costs are reimbursable pursuant to 29 supplemental billingsinvoices for any month for which the provisional amount specified above has not 30 been fully paid.
31 1. In support of the monthly billinginvoice, CONTRACTOR shall submit an Expenditure and 32 Revenue Report as specified in the Reports paragraphParagraph of this Exhibit A to thisthe Agreement. 33 ADMINISTRATOR shall use the Expenditure and Revenue Report to determine payment to 34 CONTRACTOR as specified in subparagraphs III.the Payments Paragraph, Subparagraphs A.2. and
PAYMENTSPAYMENTS. 5 A. COUNTY shall pay CONTRACTOR monthly, in arrears, at the provisional amount of 6 $«MO_ARREARS» per month. for Period One and Period Two. All payments are interim payments 7 only, and subject to Final Settlement in accordance with the Cost Report pParagraph of 8 the Agreement for which CONTRACTOR shall be reimbursed for the actual cost of providing the for each Period as stated in the Referenced Contract Provisions of the 9 services, which may include Indirect Administrative Costs, as identified in PSubparagraph II.A. of this Agreement
PAYMENTSPAYMENTS. Any Borrower shall (i) default in the payment when due of any Unpaid Drawings or of any principal of the Loans or the Notes, or (ii) default, and such default shall continue unremedied for five or more Business Days, in the payment when due of any interest on Unpaid Drawings or of any interest on the Loans or the Notes or of any Fees or any other amounts owing hereunder or thereunder; or Section
PAYMENTSPAYMENTS. Issuer shall pay the principal of, premium, if any in accordance with Section 2.07 hereof, and interest on the loan from Lender to Issuer, but only out of the amounts paid by Borrower pursuant to this Agreement. Borrower shall pay to Lender, as assignee of Issuer, Loan Payments, in the amounts and on the dates set forth in Exhibit A hereto. As security for its obligation to pay the principal of, premium, if any in accordance with Section 2.07 hereof, and interest on the loan from Lender, Issuer assigns to Lender all of Issuer's right to receive Loan Payments from Borrower hereunder, all of Issuer's rights hereunder, and Issuer irrevocably constitutes and appoints Lender and any present or future officer or agent of Lender as its lawful attorney, with full power of substitution and resubstitution, and in the name of Issuer or otherwise, to collect the Loan Payments and any other payments due hereunder and to ▇▇▇ in any court for such Loan Payments or other payments, to exercise all rights hereunder, and to withdraw or settle any claims, suits or proceedings pertaining to or arising out of this Agreement upon any terms; provided, however, that such assignment shall not include Issuer's rights under Article IV and Section 7.06(d) hereof and its right to notice pursuant to Section 12.03 hereof. Such Loan Payments and other payments shall be made by Borrower directly to Lender, as Issuer's assignee, and shall be credited against Issuer's payment obligations hereunder. No provision, covenant or agreement contained in this Agreement or any obligation herein imposed on Issuer, or the breach thereof, shall constitute or give rise to or impose upon Issuer a pecuniary liability, a charge upon its general credit or a pledge of its general revenues. In making the agreements, provisions and covenants set forth in this Agreement, Issuer has not obligated itself except with respect to the application of the Loan Payments to be paid by Borrower hereunder. All amounts required to be paid by Borrower hereunder shall be paid in lawful money of the United States of America in immediately available funds. No recourse shall be had by Lender or Borrower for any claim based on this Agreement against any director, officer, employee or agent of Issuer alleging personal liability on the part of such person, unless such claim is based on the willful dishonesty of or intentional violation of law by such person.
PAYMENTSPAYMENTS. (a) Except with respect to principal or interest payments on Loans denominated in an Alternative Currency, the Borrower shall make each payment (including principal of or interest on any Borrowing or any L/C Disbursement or any Fees or other amounts) hereunder and under any other Loan Document not later than 12:00 (noon), New York City time, on the date when due in immediately available Dollars, without setoff, defense or counterclaim. All payments of principal or interest with respect to a Borrowing denominated in an Alternative Currency shall be made not later than the Applicable Time on the date when due in immediately available funds in the applicable Alternative Currency, without setoff, defense or counterclaim. Any amounts received after such time on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. Each such payment (other than Issuing Bank Fees, which shall be paid directly to the applicable Issuing Bank) shall be made to the Administrative Agent at its offices at ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇. The Administrative Agent shall promptly distribute to each Lender any payments received by the Administrative Agent on behalf of such ▇▇▇▇▇▇.
(b) Except as otherwise expressly provided herein, whenever any payment (including principal of or interest on any Borrowing or any Fees or other amounts) hereunder or under any other Loan Document shall become due, or otherwise would occur, on a day that is not a Business Day, such payment may be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of interest or Fees, if applicable.
PAYMENTSPAYMENTS. 10 A. COUNTY shall pay CONTRACTOR monthly, in arrears, the provisional amount of 11 $38,100$41,948 per month, as specified in the Referenced Contract Provisions of the Agreement. All 12 payments are interim payments only, and subject to Final Settlement in accordance with the Cost Report 13 Paragraph of the Agreement for which CONTRACTOR shall be reimbursed for the actual cost of 14 providing the services hereunder; provided, however, the total of such payments doesdo not exceed
PAYMENTSPAYMENTS
PAYMENTSPAYMENTS