Subsequent Payments. The parties agree that subsequent payments will be made after operational assembly and/or operational installation of the machine/plant at the Customer’s location, documented with the relevant acceptance protocol issued (further: the Acceptance), is completed. The parties accordingly agree that operational assembly and/or operational installation is not understood as complete delivery / performance. The confirmation of complete delivery / performance will take place upon Final Acceptance described in point 1.3.2. below. Nevertheless, Acceptance is the moment when the economic ownership of the installed machine / plant is transferred to the Customer. Acceptance means that all benefits, burdens and risks connected with possession of the machine / plant lie on the side of the Customer. Until Acceptance by the Customer, there will be no transfer of risks to the Customer, in particular risks related to the damage, break or destroy of the machine. Those risks will be transferred to the Customer only when Acceptance is completed. Once Acceptance is completed, the Supplier may issue an invoice for the remaining [40%] of the net order value plus VAT (further: Final invoice). This invoice will be paid in two installments:
Subsequent Payments. All payments made pursuant to § 3.2 after the Initial Payment hereof must be made in advance on a quarterly basis no later than forty-five days prior to the beginning of each calendar quarter. The Company shall in good faith estimate each such quarterly payment based on the Installation Area expected to be applicable to the next quarter. Within one hundred twenty days following the end of each calendar year, the Company shall calculate the exact monetary compensation due to the City pursuant to § 3.2 hereof for all of the calendar quarters of said calendar year. Should the total monetary compensation for such calendar year thus calculated be found to have exceeded the estimated quarterly payments made by the Company for such calendar year, the Company shall, within the 120-day period following the end of the calendar year, remit to the City any balance due. Should the estimated quarterly payments made by the Company for the calendar year be found to have exceeded the total calculated monetary compensation for the year, the overpayment will constitute a credit against the next payment or payments due from the Company hereunder.
Subsequent Payments. (a) If the entire amount of CDFI RRP Assistance is not paid at Closing, the Recipient must request a subsequent payment (“Subsequent Payment Request”). All Subsequent Payment Requests must be received by the CDFI Fund no later than 30 days prior to end of the Period of Performance. If the Recipient does not request payment of all of the CDFI RRP Assistance by said date, the CDFI Fund, in its sole discretion, may terminate its obligation to pay said funds.
(b) The CDFI Fund shall not make a subsequent payment (“Subsequent Payment”) until the Recipient has expended at least ninety percent (90%) of the previous payment(s) into Authorized CDFI RRP Assistance Activities pursuant to Section 3.7 herein. Subsequent Payment Requests must be in the amount the Recipient expects to expend for an Authorized CDFI RRP Assistance or Activity within a twelve (12) month period in the remaining Period of Performance.
(c) Subsequent Payment Requests must be submitted via the Recipient’s AMIS Account (or as otherwise directed by the CDFI Fund).
(d) Recipients will be limited to two (2) subsequent payments, unless such limitation is waived by the CDFI Fund.
(e) If the Recipient requests the final subsequent payment less than six (6) months prior to the Performance Period End Date, the CDFI Fund will require verification that the Recipient will be able to expend the funds into an Authorized CDFI RRP Assistance Activity pursuant to Section 3.7 herein within the remaining Period of Performance.
Subsequent Payments. Subsequent to the Initial Payment, RRD shall invoice Eiger, and Eiger shall pay to RRD:
A. As scheduled, per Section 8 of Exhibit F. In the event of a modification of the Development Budget, upon approval of the Development Advisory Committee, RRD and Eiger will negotiate an amendment to the payment schedule in good faith consistent with the revised Development Budget over the remainder of the term; and
B. On a [***] basis, RRD shall invoice Eiger for the RRD Expert Consultant fees and actual amount of pass-through expenses (including RRD Subcontractors) incurred during the most recently completed month, [***]. RRD shall promptly (i) pay all invoices for RRD Expert Consultant fees and pass-through expenses (including RRD Subcontractors) for Services contemplated under this Project Agreement No. 1 in accordance with the payment terms of the applicable agreement between such RRD Expert Consultant or RRD Subcontractor and RRD and (ii) provide Eiger with reasonable evidence of such payment when made by RRD. In the event the aggregate net amount of such costs paid by RRD at any one time is equal to or greater than the amount of the Deposit, Eiger shall either be responsible for paying such further payments directly to the respective vendors or reasonably increasing the amount of the Deposit to RRD to cover such net payments going forward.
C. RRD reserves [***].
D. Upon termination of this Project Agreement, RRD will reconcile unpaid service fees earned (including wind-down fees, if any), unreimbursed RRD Expert Consultant fees and pass-through expenses (including RRD Subcontractors), and all other unreimbursed pass-through expenses against the balance of funds previously advanced by Eiger. Any excess of unapplied Eiger deposits over unpaid fees, costs and expenses will be offset against (i.e., deducted from) the final billing due to Eiger. If such excess is not able to be completely offset in this manner, the difference will be promptly refunded by RRD to Eiger, or alternatively, Eiger can in its sole discretion offset it against any payments still due to RRD under previous invoices.
Subsequent Payments. City shall make monthly payments in the amount invoiced by Professional within thirty (30) calendar days of receiving such invoice. In the event that an amount of an invoice is in dispute, City shall inform Professional of the amount and basis for the dispute and may withhold the amount which is in dispute until the dispute has been resolved.
Subsequent Payments. If there is a reasonable need for additional funds to facilitate review and processing of a Pole License application as requested by City, Licensee shall submit additional Administrative Payment(s) to the City for the anticipated cost of such extra work. If Licensee refuses or fails to submit payment for the extra work upon City's written request, City shall have the right to cease all processing of Licensee’s application until such time as the funds are received.
Subsequent Payments. District shall make monthly payments in the amount invoiced by Professional within thirty (30) calendar days of receiving such invoice. In the event that an amount of an invoice is in dispute, District shall inform Professional of the amount and basis for the dispute and may withhold the amount which is in dispute until the dispute has been resolved.
Subsequent Payments. Each thirty (30) successive days after the first payment, the Sponsor may submit invoices evidencing trail costs. Payments shall be made to the extent of authorized reimbursement, or until this Grant Contract is terminated.
Subsequent Payments. All commissions, trails, overrides and allowances shall be payable to General Agent, unless otherwise prohibited by law, according to the applicable compensation schedules in effect at the time the contract was issued. In the event of termination, the Company shall continue to provide General Agent with current customer information regarding continued in-force business pursuant to Section XIII (C).
Subsequent Payments. (a) If the entire amount of Assistance is not paid at Closing, the Recipient must request a subsequent payment (“Subsequent Payment Request”). All Subsequent Payment Requests must be received by the CDFI Fund no later than 30 days prior to end of the Period of Performance. If the Recipient does not request payment of all of the Assistance by said date, the CDFI Fund, in its sole discretion, may terminate its obligation to pay said funds.
(b) The CDFI Fund shall not make a subsequent payment (“Subsequent Payment”) until the Recipient has expended at least ninety percent (90%) of the previous payment(s) into an Authorized Financial Assistance or Technical Assistance Activity. Subsequent Payment Requests must be in the amount the Recipient expects to expend for an Authorized Financial Assistance or Technical Assistance Activity within a twelve (12) month period in the remaining Period of Performance.
