Payment Limitations. 7.10.1 When the Project involves federal funds or any funds other than those authorized by the Mississippi Legislature, either by direct appropriation or by authority to issue general obligation bonds or revenue bonds of the State of Mississippi for expenditures to be made by or under the direction of the Owner, it is mutually agreed that the amount of the Professional's fee based on such funds shall in no event become due until such federal funds or other funds have been actually paid into the State Treasury.
Payment Limitations. PROVIDER will not receive nor be entitled to payment for VPK program services before this Contract is fully executed by both parties or after expiration of the Contract.
Payment Limitations. No Interest Period shall extend beyond any date that any principal payment or prepayment is scheduled to be due unless the aggregate principal amount of Borrowings which are Borrowings of Base Rate Loans or which have Interest Periods which will expire on or before such date, less the aggregate amount of any other principal payments or prepayments due during such Interest Period, is equal to or in excess of the amount of such principal payment or prepayment; and
Payment Limitations. No Company will enter into or become subject to any contractual restriction on the payment of the Secured Debt.
Payment Limitations. (1) The total WHIP payments made or attributed per person or legal entity (participant) directly or indirectly may not exceed in the aggregate $50,000 for any fiscal year (see 440-CPM, Part 512, Subpart E, Section 512.45).
(2) WHIP 2008 Farm Bill
(i) The $50,000 payment limitation is on a fiscal year basis.
(ii) Annual payment limitations may not be waived.
(iii) Split payments are not allowed. When payment requests for completed practices exceed the annual limitation for a person or legal entity, the portion that exceeds the limitation will not be deferred to the next fiscal year. The balance must be deobligated.
(iv) Incremental payments are not allowed. Participants may work ahead of schedule, but certification of satisfactorily completed practices may not be delayed or postponed to circumvent the annual payment limitations.
(v) When scheduled practices exceed the annual payment limitation, Form NRCS-CPA-1155, “Conservation Plan and Schedule of Operations,” or Form NRCS-CPA-1156, “Modification,” will show the capped practice cost. Note: Until this step is taken, ProTracts will not allow payment.
(vi) Participants who are in multiple contracts and have reached the annual payment limitation will have reductions made at payment.
(vii) Payment approval date in ProTracts determines the fiscal year for the annual payment limitation evaluation. Note: Practices completed but not paid by the announced closure of the fiscal year activities in ProTracts will be applied to the payment limitations in the following year, if payment is approved after October 1.
(viii) Payments from contracts before fiscal year (FY) 2009 do not count toward the $50,000 payment limit of an FY 2009 WHIP contract.
(ix) Payments received for technical assistance is excluded from this limitation.
(3) WHIP 2002 Farm Bill There is no annual payment limitation. Payments from contracts before fiscal year (FY) 2009 do not have the $50,000 annual payment limitation.
(4) With regard to cost-share agreements with individual Indians or Indians represented by the Bureau of Indian Affairs (BIA), payments exceeding the payment limitation may be made to the Tribal participant if a BIA or Tribal official certifies in writing that no one individual, directly or indirectly, will receive more than the payment limitation. The BIA or Tribal entity must also provide, annually, a listing of individuals and payments made, by tax identification number or other unique identification number, during the previous yea...
Payment Limitations. Delta Dental will make no payment for services or supplies if a claim for such has not been received by Delta Dental within one year following the date the services or supplies were furnished.
Payment Limitations. (a) Subordinated Agent, on behalf of itself and each Subordinated Creditor, hereby agrees that no Subordinated Creditor will, directly or indirectly ask, demand, sux xor, take or receive from any Obligor, and each Obligor party hereto hereby agrees that it shall not remit, make or pay, directly or indirectly, in each case by setoff or in any other manner (whether in cash, property, securities or other form), the whole or any part of any of the Subordinated Debt (whether such amounts represent principal or interest, or obligations that are due or not due, direct or indirect, absolute or contingent) or any payment (whether of principal, interest or any other obligation) or other Distribution on the Subordinated Debt, including, without limitation, the taking of any negotiable instruments evidencing any of the Subordinated Debt, but excluding the accrual (but not payment) of default interest of up to 5% per annum charged during the continuance of a Subordinated Debt Default on the Subordinated Debt, and the issuance of Reorganization Subordinated Securities. Notwithstanding the foregoing sentence, the Obligors may make and Subordinated Agent and Subordinated Creditors may accept and retain, except as provided in Section 4, Permitted Payments, unless, at the time of and after giving effect to, such Permitted Payment:
(i) Subordinated Agent shall have received a Senior Default Notice from Senior Agent stating that a Senior Payment Default exists and such Senior Payment Default shall not have been cured or waived; or
(ii) subject to paragraph (d) of this Section 3, (A) any Loan Party and Subordinated Agent shall have received a Senior Default Notice from Senior Agent stating that a Senior Covenant Default exists, (B) each such Senior Covenant Default shall not have been cured or waived and (C) 180 days shall not have elapsed since the date such Senior Default Notice was received by Subordinated Agent, except that this clause (ii) shall not apply to any Permitted Payments consisting of Subordinated Debt Costs and Expenses or the Advisory Fee; or
(iii) the commencement of a Proceeding has occurred, in which case the provisions of Section 4 hereof shall apply.
(b) The Obligors may resume Permitted Payments (and may make any Permitted Payments missed due to the application of paragraph (a) of this Section 3) in respect of the Subordinated Debt or any judgment with respect thereto:
(i) in the case of a Senior Payment Default referred to in clause (i) of paragraph (a)...
Payment Limitations. 7.8.1 It is expressly understood and agreed that the obligation of the Department of Finance and Administration, through the Bureau of Building, Grounds and Real Property Management, to proceed under this agreement is conditioned upon the appropriation of funds by the Mississippi State Legislature and the receipt of state and/or federal funds. If the funds anticipated for the continuing fulfillment of the Agreement are, at any time, not forthcoming or insufficient, either through the failure of the federal government to provide funds or of the State of Mississippi to appropriate funds or the discontinuance or material alteration of the program under which funds were provided or if funds are not otherwise available to the Department of Finance and Administration, through the Bureau of Building, Grounds and Real Property Management, the Department of Finance and Administration, through the Bureau of Building, Grounds and Real Property Management shall have the right upon ten (10) working days written notice to the Professional, to terminate this agreement without damage, penalty, cost or expenses to the Department of Finance and Administration, through the Bureau of Building, Grounds and Real Property Management, of any kind whatsoever. The effective date of termination shall be as specified in the notice of termination.
Payment Limitations. 7.8.1 It is expressly understood and agreed that the obligation of the Owner, to proceed under this agreement is conditioned upon the appropriation of funds by the Mississippi State Legislature and the receipt of state and/or federal funds. If the funds anticipated for the continuing fulfillment of the Agreement are, at any time, not forthcoming or insufficient, either through the failure of the federal government to provide funds or of the State of Mississippi to appropriate funds or the discontinuance or material alteration of the program under which funds were provided or if funds are not otherwise available to the Owner, the Owner shall have the right upon ten (10) working days written notice to the Professional, to terminate this agreement without damage, penalty, cost or expenses to the Owner, of any kind whatsoever. The effective date of termination shall be as specified in the notice of termination.
Payment Limitations. If the Issuing Bank or any Lender makes such a claim for compensation under this Section, it shall provide to the Borrower a certificate executed by an officer of such Person setting forth the amount of such loss, cost or expense in reasonable detail (including an explanation of the basis for and the computation of such loss, cost or expense) no later than one hundred and twenty (120) days after the event giving rise to the claim for compensation. In any event, the Borrower shall not have any obligation to pay any amount with respect to claims accruing prior to the 120th day preceding such written demand.
