TIMES FOR PAYMENT Sample Clauses

TIMES FOR PAYMENT. (1) The cash compensation payment under subsection (b) and the 401(k) equivalency payment under subsection (e) will be paid within 30 days after the date of the Termination Event; (2) The COBRA premiums under subsection (d) will be paid as due under the terms of the applicable group health plan; and (3) Outplacement services will be paid as billed by the service provider.
Sample 1Sample 2Sample 3See All (6)
AutoNDA by SimpleDocs
TIMES FOR PAYMENT. (1) Except as provided in paragraphs (2), (3) and (4) below, payment of the severance benefits provided under this section shall be paid on the first day of the seventh month following the date of the Termination Event; (2) Payment of the severance benefits provided under this section shall be paid within 30 days after the date of the Termination Event to the extent the amount paid does not exceed the amount of payments that would be excepted from the six-month delay rule of paragraph (1) above under:
Sample 1Sample 2Sample 3See All (4)
TIMES FOR PAYMENT a. The CITY will pay or cause to be paid to the XXXX that portion of the GMP, properly allocable to services, labor, materials and equipment already incorporated in the work that has been satisfactorily performed in accordance with the requirements of the Construction Documents, and as determined and appropriately documented in the PROJECT records by the ENGINEER. b. The XXXX shall prepare a complete application for progress payment package and submit it to the CITY REPRESENTATIVE for certification by the CITY once a month. c. The application for payment package shall include the application for payment, work in place, XXXX invoices substantiating work in place, and all lien waivers for the preceding month’s application for payment and Notice to Owner issued to the CITY the preceding month. If the package is missing any above mentioned component, it shall be considered incomplete and returned to the XXXX to complete. d. If the application for payment package is complete, the CITY will certify work in place and the application for payment will be approved by the CITY REPRESENTATIVE. The CITY REPRESENTATIVE shall submit the package to the CITY’s Procurement Division. With reference to the prompt payment terms, the receipt date for calculating days for payment shall begin on the date the CITY receives a complete application for payment package from the XXXX. e. The CITY will issue payment directly to the XXXX no later than the next check payment processing date after receipt of complete application for payment package. f. The XXXX shall pay each Trade Contractor within ten (10) working days upon receipt of payment from the CITY out of the amount paid to the XXXX for the Trade Contractor’s work, the amount to which said Trade Contractor is entitled, reflecting the percentage actually retained, if any, from payments to the XXXX for such Trade Contractor’s work. g. Neither the CITY nor the ENGINEER shall have any obligations to pay or to see to the payment of any monies to any Trade Contractors, except as may otherwise be required by law. h. No certificates for a progress payment, nor any progress payment, nor any partial or entire use or occupancy of the PROJECT by the CITY shall constitute an acceptance of any work not in accordance with the Construction Documents. i. All applications for payment shall be on a form provided by the CITY.
Sample 1
TIMES FOR PAYMENT. (1) Except as provided in paragraphs (2), (3) and (4) below, payment of the severance benefits provided under this section shall be paid on the first day of the seventh month following the date of the Termination Event; (2) Payment of the severance benefits provided under this section shall be paid within 30 days after the date of the Termination Event to the extent the amount paid does not exceed the amount of payments that would be excepted from the six-month delay rule of paragraph (1) above under: (A) Treas. Reg. § 1.409A-1(b)(9)(iii) (relating to payment upon involuntary separation of service of up to two times the lesser of an employee’s annual rate of compensation or the Code § 401(a)(17) limit on includible compensation for qualified plans); and/or (B) Treas. Reg. § 1.409A-1(b)(9)(v) (relating to payments of certain reimbursements, medical benefits, in-kind benefits and other limited payments not exceeding the Code § 402(g)(1) limit on elective deferrals); The Company, in its sole discretion, shall determine the amount of the severance benefit payable under this paragraph and shall notify the Executive of the amount payable promptly after that amount is determined; (3) The COBRA premiums under subsection (d) above will be paid as due under the terms of the applicable group health plan; and (4) Outplacement services under subsection (f) above will be paid as billed by the service provider.
Sample 1
TIMES FOR PAYMENT. A. The County will pay or cause to be paid to the CM that portion of the GMP, properly allocable to services, labor, materials and equipment already incorporated or to be incorporated in the work that has been satisfactorily performed in accordance with the requirements of the Construction Documents. B. The CM shall process each Trade Contractor payment within seven (7) working days upon receipt of payment from the County out of the amount paid to the CM for the Trade Contractor's work, the amount to which said Trade Contractor is entitled, reflecting the percentage actually retained, if any, from payments to the CM for such Trade Contractor's work. C. The CM’s and the Trade Contractor's notices, claims and lien waivers are to be submitted with the current month's application for payment and no additional payments will be made by the County without lien waivers for the preceding month's application for payment, unless the surety consents to payment as provided by law. D. The County shall not have any obligations to pay or to see to the payment of any monies to any Trade Contractors except as may otherwise be required by law. E. No certificates for a progress payment, nor any progress payment, shall constitute an acceptance of any work not in accordance with the Construction Documents. Such payments shall not constitute acceptance that the work was performed in accordance with the Agreement requirements.
Sample 1
TIMES FOR PAYMENT. The payments referred to in Sub-clause 4.1 shall be made as follows: (a) the sum of forty-two million dollars ($42 million) referred to in Sub-clause 4.1 (a) on the Commencement Date by 11.00 A.M; and (b) the payments referred to in Sub-clause 4.1 (b) at the times set out in Column 4 of Schedule A or within seven (7) days after receipt by the Bank of an invoice under Sub-clause 4.2, whichever is the later.
Sample 1
TIMES FOR PAYMENT. All payments must be paid at the times provided for in this Contract or, where no time for payment is provided for, upon demand.
Sample 1
AutoNDA by SimpleDocs
TIMES FOR PAYMENT. The Pledgor hereby undertakes to pay to the Banks all of the Secured Amounts and any part of them, precisely and at the times for payment established and which will be established from time to time.
Sample 1

Related to TIMES FOR PAYMENT

  • Basis for Payment DFPS is not obligated to pay unauthorized costs or to pay more than Grantee’s allowable and incurred costs consistent with 45 CFR 75, Subpart E. Grantee is responsible for submitting invoices in an accurate and timely manner for each service period and for notifying DFPS of a need to expedite payment. DFPS will make reasonable efforts to process all bills received in an accurate and timely manner but does not warrant immediate payment.

  • Time for Payment Interconnection Customer must provide the additional Security, in a form and with terms as required by Section 212.4, within 15 days after its receipt of Transmission Provider’s notice under this section. The requirement for additional Security under this section shall be treated as a milestone included in the Interconnection Service Agreement pursuant to Section 212.5.

  • PREREQUISITES FOR PAYMENT The following applicable requirements shall be fulfilled in order to establish an employee's eligibility for sick leave benefits.

  • REQUESTS FOR PAYMENT Payments shall be made in accordance with Article I.4 of the Special Conditions.

  • Applications for Payment 9.3.1 At least ten days before the date for each progress payment established in the State- Contractor Agreement, the Contractor shall submit to the Architect an itemized Application for Payment, notarized if required, supported by such data substantiating the Contractor's right to payment as the State or the Architect may require. The application for payment must, at a minimum, reflect retainage and the required waivers of lien and any other support documentation enumerated elsewhere in the Contract Documents. 9.3.2 Unless otherwise provided in the Contract Documents, payments will be made on account of materials or equipment not incorporated in the Work but delivered and suitably stored at the site and, if approved in advance by the State, payments may similarly be made for materials or equipment suitably stored at some other location agreed upon in writing. Payments for materials or equipment stored on or off the site shall be conditioned upon submission by the Contractor of bills of sale or such other procedures satisfactory to the State to establish the State's title to such materials or equipment or otherwise protect the State's interest, including applicable insurance and transportation to the site for those materials and equipment stored off the site. 9.3.3 The Contractor warrants that title to all Work, materials and equipment covered by an Application for Payment will pass to the State either by incorporation in the construction or upon the receipt of payment by the Contractor, whichever occurs first, free and clear of all liens, claims, security interests or encumbrances, hereinafter referred to in this Article 9 as "liens"; and that no Work, materials or equipment covered by an Application for Payment will have been acquired by the Contractor, or by any other person performing Work at the site or furnishing materials and equipment for the Project, subject to an agreement under which an interest therein or an encumbrance thereon is retained by the seller or otherwise imposed by the Contractor or such other person.

  • Funds for Payments (a) All payments of principal, interest, facility fees, Agent's fees, closing fees and any other amounts due hereunder or under any of the other Loan Documents shall be made to the Agent, for the respective accounts of the Banks and the Agent, as the case may be, at the Agent's Head Office, not later than 3:00 p.m. (Boston time) on the day when due, in each case in immediately available funds. To the extent funds are available in such account, the Agent is hereby authorized to charge the account of the Borrower with BankBoston, on the dates when the amount thereof shall become due and payable, with the amounts of the principal of and interest on the Loans and all fees, charges, expenses and other amounts owing to the Agent and/or the Banks under the Loan Documents. (b) All payments by the Borrower hereunder and under any of the other Loan Documents shall be made without setoff or counterclaim and free and clear of and without deduction for any taxes, levies, imposts, duties, charges, fees, deductions, withholdings, compulsory loans, restrictions or conditions of any nature now or hereafter imposed or levied by any jurisdiction or any political subdivision thereof or taxing or other authority therein unless the Borrower is compelled by law to make such deduction or withholding. If any such obligation is imposed upon the Borrower with respect to any amount payable by it hereunder or under any of the other Loan Documents, the Borrower will pay to the Agent, for the account of the Banks or (as the case may be) the Agent, on the date on which such amount is due and payable hereunder or under such other Loan Document, such additional amount in Dollars as shall be necessary to enable the Banks or the Agent to receive the same net amount which the Banks or the Agent would have received on such due date had no such obligation been imposed upon the Borrower. The Borrower will deliver promptly to the Agent certificates or other valid vouchers for all taxes or other charges deducted from or paid with respect to payments made by the Borrower hereunder or under such other Loan Document.

  • Offices for Payments, etc So long as any of the Securities remain outstanding, the Issuer will maintain in the Borough of Manhattan, The City of New York, the following for each series: an office or agency (a) where the Securities may be presented for payment, (b) where the Securities may be presented for registration of transfer and for exchange as in this Indenture or any supplemental indenture provided and (c) where notices and demands to or upon the Issuer in respect of the Securities or of this Indenture may be served. The Issuer will give to the Trustee written notice of the location of any such office or agency and of any change of location thereof. Unless otherwise specified in accordance with Section 2.03, the Issuer hereby initially designates the Corporate Trust Office of the Trustee, as the office to be maintained by it for each such purpose. In case the Issuer shall fail to so designate or maintain any such office or agency or shall fail to give such notice of the location or of any change in the location thereof, presentations and demands may be made and notices may be served at the Corporate Trust Office. The Issuer may from time to time designate one or more additional offices or agencies where the Securities of a series may be presented for payment, where the Securities of that series may be presented for exchange as provided in this Indenture and pursuant to Section 2.03 and where the Securities of that series may be presented for registration of transfer as provided in this Indenture, and the Issuer may from time to time rescind any such designation, as the Issuer may deem desirable or expedient; provided, however, that no such designation or rescission shall in any manner relieve the Issuer of its obligation to maintain the agencies provided for in this Section. The Issuer will give to the Trustee prompt written notice of any such designation or rescission thereof.

  • CERTIFICATES FOR PAYMENT 9.4.1 The Architect will, within seven days after the receipt of the Contractor's completed Application for Payment, either issue a Certificate for Payment to the State, with a copy to the Contractor, for such amount as the Architect determines is properly due, or notify the Contractor in writing his or her reasons for withholding a Certificate as provided in Subparagraph 9.6.1

  • Procedure for Payment Whenever a payment for fractional Rights, Preferred Shares or Common Shares is to be made by the Rights Agent pursuant to this Agreement, the Company will (i) promptly prepare and deliver to the Rights Agent a certificate setting forth in reasonable detail the facts related to such payment and the prices or formulas utilized in calculating such payments; and (ii) provide sufficient monies to the Rights Agent to make such payments. The Rights Agent will be fully protected in relying upon such certificate and will have no duty with respect thereto, and will not be deemed to have knowledge of any payment for fractional Rights, Preferred Shares or Common Shares pursuant to this Agreement unless and until the Rights Agent has received such certificate and sufficient monies.

  • Due date for payment The settlement date for each Tax Invoice issued by the Distributor must be the 20th day of the month in which the Tax Invoice is received, or if the 20th day of the month is not a Working Day, the first Working Day after the 20th day. However, if the Distributor fails to send a Tax Invoice to the Trader within 10 Working Days after the last day of the month to which the Tax Invoice relates, the due date for payment is extended by 1 Working Day for each Working Day that the Tax Invoice is late.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!