TYPE OF PRICE. The price type of the present Contract is stated to be a firm-fixed price type of contract which refers to the reimbursement of the costs in fixed parts, related to the completion of the scheduled reviews (mid-term and final) of the project. VERHAERT NEW PRODUCTS AND SERVICES and THE EUROPEAN SPACE AGENCY are legitimate to request invoices that have been mentioned in the proposal provided by the applicant, [Company name / Applicant].
TYPE OF PRICE. The price type of the present Contract is stated to be of a firm fixed type, i.e. it is not subject to any price adjustment or revision by reason of the actual costs incurred by the Contractor in the performance of the Contract. PAYMENT PLAN AALTO may authorize the payment of an advance payment in connection with this Contract. Advance payments are not final payments and shall be deducted from the sums due to the Contractor under this Contract. The Contractor shall be allowed to claim final settlement when all their obligations under this Contract have been fulfilled. The final payment is due by AALTO upon: receipt by AALTO of the relevant invoice(s) from the Contractor; and certification by AALTO of the satisfactory completion of the Activity under this Contract. Unless otherwise provided for in this Contract, a period of 30 (thirty) days shall be granted to AALTO for the execution of the final payment. AALTO shall make the following payments: MILESTONE DESCRIPTION SCHEDULE DATES AMOUNT IN EURO MIDTERM: upon signature of this Contract by both Parties (max 50 %) TBD TBA/40.000 FINAL: upon acceptance by AALTO of all deliverable documentation under this Contract (min 50 %) TBD TBA/40.000
TYPE OF PRICE. The price type of the present Contract is stated to be of a firm fixed type, i.e. it is not subject to any price adjustment or revision by reason of the actual costs incurred by the Applicant in the performance of the Contract. PAYMENT PLAN VERHAERT NEW PRODUCTS & SERVICES may authorise the payment of an advance payment in connection with this Contract. Advance payments are not final payments and shall be deducted from the sums due to the Applicant under this Contract. The applicant shall be allowed to claim final settlement when all their obligations under this Contract have been fulfilled. The final payment is due by VERHAERT NEW PRODUCTS & SERVICES upon: receipt by VERHAERT NEW PRODUCTS & SERVICES of the relevant invoice(s) from the Applicant; and certification by VERHAERT NEW PRODUCTS & SERVICES of the satisfactory completion of the Activity under this Contract. Unless otherwise provided for in this Contract, a period of 30 (thirty) days shall be granted to VERHAERT NEW PRODUCTS & SERVICES for the execution of the final payment. VERHAERT NEW PRODUCTS & SERVICES shall make the following payments: MILESTONE DESCRIPTION SCHEDULE DATES AMOUNT IN EURO MIDTERM PAYMENT: upon acceptance by VERHAERT NEW PRODUCTS & SERVICES of the midterm report deliverable under this contract. 31/01/2019 19.000 (50%) FINAL PAYMENT: upon acceptance by VERHAERT NEW PRODUCTS & SERVICES of all deliverable documentation under this contract. 30/04/2019 19.000 (50%)
TYPE OF PRICE. The price type of the present Contract is stated to be of a firm fixed type, i.e. it is not subject to any price adjustment or revision by reason of the actual costs incurred by the Contractor in the performance of the Contract.
TYPE OF PRICE. 3.1.1 The total price of this Contract amounts to € [***]. The price is broken down in Euros per Phase as follows:
