Remuneration and costs Sample Clauses
The 'Remuneration and costs' clause defines how and when payments will be made for services rendered, as well as which expenses are covered and how they are reimbursed. Typically, this clause outlines the fee structure—such as hourly rates, fixed fees, or milestone payments—and specifies which costs, like travel or materials, are billable to the client. Its core function is to ensure both parties have a clear understanding of financial obligations, thereby preventing disputes over payment and expense reimbursement during the course of the agreement.
Remuneration and costs. (a) Without prejudice to Clause 5.7 (Budget and Oversight Protocol and sharing of information), the Deed Administrators shall be:
(i) remunerated in respect of any work done by the Deed Administrators and any agent, partner or employee of the Deed Administrators acting on behalf of the Deed Administrators, in connection with the exercise of their powers and discretions and performance of their duties, obligations and responsibilities as Deed Administrators of the Deed Company on a time cost basis and at the scale of rates detailed in the Revised Administrators’ Proposal for insolvency work by ▇▇▇▇▇▇▇ & Marsal for the provision of services during the Deed Period; and
(ii) reimbursed in respect of all costs, fees, disbursements, taxation liabilities (including VAT), and expenses incurred in connection with the performance of their duties, obligations and responsibilities as Deed Administrators (including for the avoidance of doubt in relation to the Related DOCA Creditors).
(b) Fees and expenses incurred by the Deed Administrators shall be invoiced monthly (or such other period as the Deed Company, the Deed Administrators and the Creditors’ Committee may reasonably determine) to the Deed Company and shall be paid in full promptly. A copy of the invoice including details of work undertaken as well as a breakdown of the personnel involved shall be provided to the Creditors’ Committee.
(c) The Deed Administrators’ right to remuneration shall be without prejudice to their continuing right to remuneration as Administrators, Related Administrators and Related Deed Administrators in accordance with Schedule 12 (Remuneration) of the Regulations.
(d) Nothing in this Deed shall release or vary a Deed Company Creditor’s rights pursuant to paragraph 9 of Schedule 12 (Remuneration) of the Regulations.
(e) Notwithstanding any other provision of this Deed, the Deed Administrators’ remuneration may also be approved by an order of the Court under Schedule 12 of the Regulations, if required.
Remuneration and costs. 7.1 The Data Controller shall remunerate the Data Processor based on time spent to perform the obligations under section 5.5, 5.6, 5.7 and 5.8 of this Data Processor Agreement based on the Data Processor’s hourly rates.
7.2 The Data Processor is also entitled to remuneration for any time and material used to adapt and change the processing activities in order to comply with any changes to the Data Controller’s Instruction, including implementation costs and additional costs required to deliver the Main Services due to the change in the Instruction. The Data Processor is exempted from liability for non-performance with the Main Agreement if the performance of the obligations under the Main Agreement would be in conflict with any changed Instruction or if contractual delivery in accordance with the changed Instruction is impossible. This could for instance be the case; (i) if the changes to the Instruction cannot technically, practically or legally be implemented; (ii) where the Data Controller explicitly requires that the changes to the Instruction shall be applicable before the changes can be implemented; and (iii) in the period of time until the Main Agreement is changed to reflect the new Instruction and commercial terms thereof.
Remuneration and costs. 7.1 The Data Controller shall remunerate the Data Processor based on time spent to perform the obligations under section 5.5 (Data protection impact assessments and prior consultation) of this Data Processor Agreement based on the Data Processor’s hourly rates.
7.2 The Data Processor is also entitled to remuneration for any time and material used to adapt and change the processing activities in order to comply with any changes to the Data Controller’s Instruction, including implementation costs and additional costs required to deliver the Service due to the change in the Instruction, save where such adaptation or change is required as a result of a Personal Data Breach or any breach of this Data Processor Agreement or the Service Agreement by the Data Processor. The Data Processor is exempted from liability for non-performance with the Service Agreement if the performance of the obligations under the Service Agreement would be in conflict with any changed Instruction or if contractual delivery in accordance with the changed Instruction is impossible. This could for instance be the case; (i) if the changes to the Instruction cannot technically, practically or legally be implemented; (ii) where the Data Controller explicitly requires that the changes to the Instruction shall be applicable before the changes can be implemented; and (iii) in the period of time until the Service Agreement is changed to reflect the new Instruction and commercial terms thereof.
Remuneration and costs. 8.1 The Data Processor's compliance with this Data Processor Agreement and time and material spent in connection herewith, shall only be separately payable if specified herein. The Parties agree that the Data Processor shall be entitled to invoice the Data Controller for used time and materials for performing works in accordance with section 5.3 about the Data Processor’s assistance with the Data Controller's data protection impact assessments and section 5.4 about the Data Processor’s assistance with the Data Controller's compliance with the data subjects' rights.
8.2 The Data Processor is entitled to payment for the time and materials necessitated by and used to comply with any changes to the Instruction, when those changes are made by the Data Controller and are not a direct result of changes in Applicable Law. This includes implementation costs and increased costs for delivery of the Data Processor’s Service.
8.3 If there are changes in the Applicable Law, including the interpretations hereof and issued guidelines from the relevant and applicable data protection agencies, any increased costs shall be born by each party respectively.
Remuneration and costs. The Parties agree to pay the Mediator, no later than 14 days after the conclusion of the Mediation, and irrespective of any agreement being reached at the Mediation, and irrespective of a Mediation being held:
Remuneration and costs. The Company shall remunerate GPTW based on time and costs spent to perform the obligations under this Section based on GPTW’s CDPO and CIPP hourly rates of $650/hour and the hourly rates of other GPTW personnel as needed. GPTW is also entitled to remuneration for any time and material used to adapt and change the Processing activities in order to comply with any changes to the Company’s instruction, including implementation costs and additional costs required to deliver obligations under the Principal Agreement due to the change in instruction. GPTW shall invoice Company for a deposit to be paid in advance of performing the work in this Section requiring remuneration and/or costs.
Remuneration and costs. The Data Processor is entitled to remuneration for any time and material used to adapt and change the processing activities in order to comply with any changes to the Data Controller’s Instruction, including implementation costs and additional costs required to deliver the Services due to the change in the Instruction. The Data Processor is exempted from liability for non-performance with the Main Agreement if the performance of the obligations under the Main Agreement would be in conflict with any changed Instruction or if contractual delivery in accordance with the changed Instruction is impossible. This could for instance be the case; (i) if the changes to the Instruction cannot technically, practically or legally be implemented; (ii) where the Data Controller explicitly requires that the changes to the Instruction shall be applicable before the changes can be implemented; and (iii) in the period of time until the Agreement is changed to reflect the new Instruction and commercial terms thereof.
Remuneration and costs. 6.1 The Introducer will be remunerated in accordance with Appendix 3.
Remuneration and costs. 8.1 MOVIANTO shall be remunerated by CLIENT for its Services on the basis of the SERVICE FEE set out in APPENDIX 2. The SERVICE FEE as laid down in APPENDIX 2 is fixed for a period of one year, and thereafter may not be increased more than once in any twelve (12) month period. A review of the SERVICE FEE and the SERVICES undertaken during the preceding twelve (12) months shall be completed annually before the anniversary of the Effective Date. The SERVICE FEE may be adjusted annually to reflect any increase or decrease in the RELEVANT COSTS in the normal course of business, provided that the RELEVANT COSTS are reasonable.
8.2 MOVIANTO will invoice its services to CLIENT every month in relation to the PRODUCTS transported by and delivered at MOVIANTO during the preceding month. The invoiced amount shall fall due thirty days after the date of each invoice and be payable by CLIENT by transfer to MOVIANTO’s bank account. Invoices shall be sent to: CTI Life Sciences Limited Highlands House Basingstoke Road Spencers Wood ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ CTI/ Movianto Nederland Or electronically to: ▇▇@▇▇▇-▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ With a copy to: Cell Therapeutics, Inc. ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Or electronically to: ▇▇@▇▇▇▇▇▇▇▇▇▇.▇▇▇
8.3 With regard to the conditions for payment the “TLN betalingscondities” (APPENDIX 5) will apply, except that written complaints about an invoice shall be received within thirty (30) days after the date of the invoice and not within eight (8) days in Article 1, section 5 of the TLN betalingscondities.
8.4 MOVIANTO shall maintain up-to-date records of all COMMERCIAL DEBT, and shall, without delay, record all payments of and adjustments to the ACCOUNTS RECEIVABLE BALANCE in its computer system. In addition, MOVIANTO shall be in charge of managing COMMERCIAL DEBT, in strict compliance with any instructions it may receive from CLIENT, including but not limited to CLIENTS Credit Policy as referenced in SCHEDULE 3. MOVIANTO represents and warrants that all COMMERCIAL DEBT related data stored shall, at any time, (i) on MOVIANTO’s systems be properly secured against any unauthorised access of any third parties, (ii) be accessible to CLIENT when requested, and (iii) give, for each COMMERCIAL DEBT, a complete and accurate picture of all movements and adjustments, including all relevant explanations and background information, as well as an ACCOUNTS RECEIVABLE balance. MOVIANTO, at its own cost and expense, ...
Remuneration and costs. The Client undertakes to pay Patria for the provision of services under and in connection with this Agreement the Remuneration and Costs in the amount, by the due date and in the manner specified in the List of Fees and in the Terms and Conditions, or otherwise agreed between the Parties.