Common use of Times of Payment of Apportioned Costs Clause in Contracts

Times of Payment of Apportioned Costs. Each member town shall pay to the District in each year its proportionate share, certified as provided in sub-section IV (B) and(C), of the capital and operating costs. Except as otherwise provided, the annual share of each member town shall be paid in such amounts and at such times that at least the following percentages of such annual share shall be paid on or before the dates indicated, respectively: August 15th 25% November 15th 25% February 15th 25% May 15th 25% Failure of any member town to pay shares within thirty (30) days following the above schedule will result in a penalty charge of one percent (1%) per month of amount overdue.

Times of Payment of Apportioned Costs. Each member town shall pay to the District in each year its proportionate share, certified as provided in sub-section IV V (B) and(CC), of the capital and operating costs. Except as otherwise provided, provided in subsection V (A) the annual share of each member town shall be paid in such amounts and at such times that at least the following percentages of such annual share shall be paid on or before the dates indicated, respectively: August 15th 25July 1 20% November 15th 25September 1 20% February 15th 25December 1 20% May 15th 25March 1 20% June 1 20% Failure of any member town to pay shares within thirty (30) days following the above schedule will result in a penalty charge of one percent (1%) per month of amount overdue.

Times of Payment of Apportioned Costs. Each member town shall pay to the District in each year its proportionate share, certified as provided in sub-section IV (B) and(C), of the capital and operating costs. Except as otherwise provided, the he annual share of each member town shall be paid in such amounts and at such times that at least the following percentages of such annual share shall be paid on or before the dates indicated, respectively: August 15th 1 25% November 15th 1 25% February 15th 1 25% May 15th 1 25% Failure of any member town to pay shares within thirty (30) days following the above schedule will result in a penalty charge of one percent (1%) per month of amount overdue.