Receipts and Payments. 6.1 The First Party shall co-ordinate all requests from the Participants for payment to the Client.
6.2 All payments made by the Client to the Consortium shall be made to a bank account opened in the joint names of the Participants. Upon receipt of such payments the Consortium shall immediately remit to the Participants the amounts due to them in accordance with their requests for payment.
6.3 The Consortium shall only be obliged to make such payments as and when payment is made by the Client.
6.4 If full payment is not received in accordance with the amount invoiced to the Client, any part payments received shall be distributed to the Participants in proportion to their respective requests for payment unless the Client’s deduction or non-payment is specifically related to any particular item in their requests in which case such deduction shall be carried by the Participant responsible for the work referred to in such item.
6.5 The Second Party shall reimburse the First Party for its share of the payments made by the First Party in the discharge of its duties under Articles 4.8 and 4.9 (including premiums, bank fees and charges). Such reimbursement shall be within ten (10) working days of the date of the First Party’s relevant invoice.
Receipts and Payments. The Account may only be used in accordance with the terms of and for the purposes set out in this Clause 3 (Receipts and Payments). The Account shall be used for receiving, to the extent required by Clause 53 (Insurance) of the Design Build Finance and Maintain Agreement, the proceeds of all Insurances (as defined in the Design Build Finance and Maintain Agreement). Subject to restrictions set out in this Agreement, the Account shall only be used for applying the proceeds of the Authority Insurances in accordance with Clause 53 (Insurance) of the Design Build Finance and Maintain Agreement either directly or indirectly by way of the reimbursement to the Issuer of costs or expenses incurred or monies paid by it (or on its behalf) in or towards satisfaction of the reinstatement restoration or replacement requirements of that Clause 53 (Insurance). In the event that any amount standing to the credit of the Account is not so required to be applied, such amount shall (subject to Clause 4.3 and 4.5 below) be paid by the Account Bank to the Receipts Account, or as otherwise instructed by the Security Trustee pursuant to Clause 4.5 below.
Receipts and Payments. A selling Company shall receive from a purchasing Company one hundred and ten percent (110%) of the Seller's Incremental Energy Cost for Pool Energy sold. A purchasing Company shall pay for Pool Energy received one hundred and ten percent (110%) of its portion of the aggregate of the Seller's Incremental Cost for Pool Energy. Where Pool Energy is purchased simultaneously by more than one Company these charges shall be pro rated in proportion to the megawatt-hours of Pool Energy purchased by each buyer.
Receipts and Payments. A selling Company shall receive from a purchasing Company one hundred and ten percent (110%) of the selling Company's Incremental Energy Cost for Pool Energy sold. A purchasing Company shall pay for Pool Energy received one hundred and ten percent (110%) of its portion of the aggregate of the selling Companies' Incremental Cost for Pool Energy. Where Pool Energy is purchased simultaneously by more than one Company, these charges shall be pro rated in proportion to the megawatt-hours of Pool Energy purchased by each buyer. SCHEDULE E PAYMENTS AND RECEIPTS FOR INTERNAL ECONOMY ENERGY EXCHANGES AMONG THE COMPANIES AND FOR OFF-SYSTEM ENERGY PURCHASES AND SALES
Receipts and Payments. The receipt by a Unitholder in whose name a Unit of a Fund is registered shall be a valid and binding discharge to the Fund, the Trustee and the Manager for any payment in respect of such Unit and if two or more persons are registered as joint holders, any one of them may give an effectual receipt on behalf of all of them. Payment of amounts owing to Unitholders may be made by wire transfer to an account designated in writing by each Unitholder. If no account has been so designated, the Manager shall be entitled to send a cheque for the required amount by ordinary post addressed to the last address appearing on the Register. In the case of joint registered Unitholders, wire transfers or cheques shall, unless the joint registered Unitholders otherwise direct, be made payable to the order of, or to the account of, all of the said joint registered Unitholders and if more than one address or account appears on the books of the Fund in respect of such joint unitholding, the wire transfer or cheque shall be sent or mailed to the first account or address so appearing. The wire transfer or mailing of cheques as aforesaid shall satisfy and discharge all liability of the Fund, the Trustee and the Manager for the payment represented thereby unless, in the case of a cheque, the cheque is not paid at par on presentation to the payor at Montreal, Quebec, or at any other place where it is by its terms payable. In the event of non-receipt of any cheque by the person to whom it was mailed, the Manager, on proof of the non-receipt and upon satisfactory indemnity being given to it and to the Fund, shall issue to the person a replacement cheque for a like amount.
Receipts and Payments a statement of receipts and payments detailing all gross income received by the Producer in relation to distribution of the Programme.
Receipts and Payments. Employee shall maintain receipts for all such business expenses and shall submit an itemization of business expenses incurred, together with any receipts so maintained, to Employer within thirty (30) days after incurring said expense; and Employer agrees to fully reimburse Employee for all permitted and pre-approved expenses within two (2) weeks of submission of said expense report. VI.
Receipts and Payments. Receipts pursuant to US Dollar oil price hedging under clause 20.1 (Mandatory Hedging Arrangements) will be treated as revenue and payments pursuant to any other Hedging Arrangements will be treated as Financing Costs.
Receipts and Payments. Tracsafe will receipt and bank all monies payable to the body corporate. Tracsafe will make timely payment for all invoices attributed to the body corporate.
Receipts and Payments. The Sellers shall promptly pay to Buyer all monies received by the Sellers following the Closing with respect to any Acquired Asset, including any claim, right or benefit included in the Acquired Assets, and Buyer shall promptly pay to the Sellers all monies received by Buyer with respect to any Excluded Asset or any claim, right or benefit arising thereunder not included in the Acquired Assets.
