Subsidy Payment Sample Clauses

The SUBSIDY PAYMENT clause defines the terms under which one party provides financial assistance or support payments to another party, typically to offset costs or encourage certain activities. This clause outlines the amount, timing, and conditions for such payments, such as requiring proof of performance or compliance with specific criteria before funds are disbursed. Its core function is to ensure clear expectations and obligations regarding financial support, thereby reducing disputes and facilitating the intended economic or operational objectives of the agreement.
Subsidy Payment. On the Effective Date, and thereafter monthly (subject to Section 3.D.), in consideration for VENDOR’s provision of expected Services at the Tucson Site throughout the Term, SANOFI shall make monthly payments (individually, each a “Subsidy Payment”) in advance to VENDOR in the amounts and on the dates as set forth below: Effective Date $ 11,916,667.00 * Aug. 15th, Sept. 15th, Oct. 15th, Nov. 15th, Dec. 15th 2016 $ 416,667.00 Jan. 15th, Feb. 15th, Mar. 15th, Apr. 15th, May 15th, Jun. 15th 2017 $ 416,667.00 July 15th, 2017 $ 4,458,333.00 ** Aug. 15th, Sept. 15th, Oct. 15th, Nov. 15th, Dec. 15th 2017 $ 458,333.00 Jan. 15th, Feb. 15th, Mar. 15th, Apr. 15th, May 15th, Jun. 15th 2018 $ 458,333.00 Jul. 15th, Aug. 15th, Sept. 15th, Oct. 15th, Nov. 15th, Dec. 15th 2018 $ 250,000.00 Jan. 15th, Feb. 15th, Mar. 15th, Apr. 15th, May 15th, Jun. 15th 2019 $ 250,000.00 Jul. 15th, Aug. 15th, Sept. 15th, Oct. 15th, Nov. 15th, Dec. 15th 2019 $ 166,667.00 Jan. 15th, Feb. 15th, Mar. 15th, Apr. 15th, May 15th, Jun.15th 2020 $ 166,667.00 Jul. 15th, Aug. 15th, Sept. 15th, Oct. 15th, Nov. 15th, Dec. 15th 2020 $ 83,333.00 Jan. 15th, Feb. 15th, Mar. 15th, Apr. 15th, May 15th, Jun. 15th 2021 $ 83,333.00 *Only $1,916,667.00 of this Subsidy Payment Amount is creditable against Direct Service Costs in accordance with Section 3.B. **Only $458,333.00 of this Subsidy Payment Amount is creditable against Direct Service Costs in accordance with Section 3.B.
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Subsidy Payment. During the first week of each calendar month, TFS shall generate and send to ASV an invoice in substantially the same format as the invoice attached hereto as Exhibit B, detailing the Subsidy Amounts owed for all Contracts completed and funded by TFS in the preceding month. ASV shall pay TFS, pursuant to the terms and instructions set forth in such invoice, within thirty (30) days of the date of such invoice.
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Subsidy Payment. 12.1 The successful Bidder must provide each of the Regulator and Technical Auditor a Milestone Notices upon completion of each Milestone. 12.2 Subsidy payments shall be made upon completion of Milestones as set out in Schedule 2. 12.3 Prior releasing the subsidy for each phase, the Technical Auditor must check the UAP Pilot Areas according to Annex A of RFP and Schedule 1 and make a report to the Regulator that the Project Deliverables are all met or otherwise. 12.4 The Regulator will release the subsidy for each of the UAP Pilot Areas in four phases:
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Subsidy Payment 
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Related to Subsidy Payment

  • Premium Payment The Bank shall pay any premiums due on the Policy.

  • ▇▇▇▇▇▇▇▇▇ Payment The Company shall pay to you the following amounts: i. the Accrued Obligations, which shall be paid to you in a single lump sum cash payment within fifteen (15) calendar days of the Date of Termination; ii. the Pro Rata Bonus, which shall be paid to you in a single lump sum cash payment no later than the later of (A) fifteen (15) calendar days following the Date of Termination or (B) the effective date of the Waiver and Release; iii. an amount equal to the product of (A) 2.0 times (B) the sum of (1) your Adjusted Base Salary plus (2) the greater of (x) your Target Bonus or (y) the average of the annual bonuses paid or to be paid to you with respect to the immediately preceding three (3) fiscal years, which amount shall be paid to you in a single lump sum cash payment no later than the later of (i) fifteen (15) calendar days following the Date of Termination or (ii) the effective date of the Waiver and Release; iv. if you had previously consented to the Company’s request to relocate your principal place of employment more than forty (40) miles from its location immediately prior to the Change of Control, all unreimbursed relocation expenses incurred by you in accordance with the Company’s relocation policies, which expenses shall be paid to you in a single lump sum cash payment no later than the later of (A) fifteen (15) calendar days following the Date of Termination or (B) the effective date of the Waiver and Release; and v. the Other Benefits, which shall be paid in accordance with the then-existing terms and conditions of such plans, programs or policies.

  • Monthly Payment City shall make monthly payments, based on invoices received, for services satisfactorily performed, and for authorized reimbursable costs incurred. City shall have 30 days from the receipt of an invoice that complies with all of the requirements above to pay Consultant.

  • Advance Payment The right to indemnification conferred in this Article VII shall include the right to be paid or reimbursed by the Company the reasonable expenses incurred by a Person of the type entitled to be indemnified under Section 7.3 who was, is or is threatened to be made a named defendant or respondent in a Proceeding in advance of the final disposition of the Proceeding and without any determination as to the Person’s ultimate entitlement to indemnification; provided, however, that the payment of such expenses incurred by any such Person in advance of the final disposition of a Proceeding shall be made only upon delivery to the Company of a written affirmation by such Person of his or her good faith belief that he has met the standard of conduct necessary for indemnification under Article VII and a written undertaking, by or on behalf of such Person, to repay all amounts so advanced if it shall ultimately be determined that such indemnified Person is not entitled to be indemnified under this Article VII or otherwise.

  • Payment Due Payment for services provided by BellSouth, including disputed charges, is due on or before the next ▇▇▇▇ date. Information required to apply payments must accompany the payment. The information must notify BellSouth of Billing Account Numbers (BAN) paid; invoices paid and the amount to be applied to each BAN and invoice (Remittance Information). Payment is considered to have been made when the payment and Remittance Information are received by BellSouth. If the Remittance Information is not received with payment, BellSouth will be unable to apply amounts paid to Freedom’s accounts. In such event, BellSouth shall hold such funds until the Remittance Information is received. If BellSouth does not receive the Remittance Information by the payment due date for any account(s), late payment charges shall apply.