Prompt Payment Policy definition

Prompt Payment Policy means BPCA’s prompt payment policy adopted pursuant to Section 2880 of the Public Authorities Law, as in effect on the Commencement Date, requiring each public benefit corporation to promulgate rules and regulations detailing its policy with respect to making prompt payment to contractors.
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Prompt Payment Policy. Shall have the meaning set forth in Section 4.06 of this Agreement. Proposal: Documents submitted by Seller in response to T4RFP21-1 with respect to the Selected Project described as Champlain ▇▇▇▇▇▇ Power Express With Seasonal UDRs With Hydraulic Adjustment Without Converter Station Without Energy Supplier Baseline (Offer Data Form ID H.Q-02, option without Energy Supplier Baseline). PSC: New York State Public Service Commission.
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Examples of Prompt Payment Policy in a sentence

  • The provisions of this Exhibit shall apply to all Payments as they become due and owing pursuant to the terms and conditions of this Agreement, notwithstanding that NYSERDA may subsequently amend its Prompt Payment Policy by further rulemaking.

  • In accordance with and subject to the provisions of NYSERDA’s Prompt Payment Policy Statement, attached hereto as Exhibit D, NYSERDA shall pay to the Contractor within the prescribed time after receipt of such invoice for final payment, the total amount payable pursuant to Section 4.01 hereof, less all progress payments/milestone payments previously made to the Contractor with respect thereto and subject to the maximum commitment set forth in Section 4.06 hereof.

  • Subject to the provisions and restrictions contained herein, including, without limitation, the Prompt Payment Policy Statement attached hereto as Exhibit D, payment will be made according to the Milestone Billing Events set forth in Exhibit A, Statement of Work.

  • Documentation shall be submitted electronically via email to the assigned Project Manager along with a statement “I hereby request that upon NYSERDA’s approval of these deliverable(s), payment of the corresponding milestone payment amount be made in accordance with NYSERDA’s Prompt Payment Policy, as detailed in the NYSERDA agreement” or, if this project is managed through NYSERDA’s Salesforce application, via NYSERDA’s Salesforce Contractor Portal with the Contractor’s log-in credentials.

  • Subject to Section 4.04, NYSERDA shall make payments to Seller in accordance with and subject to its Prompt Payment Policy Statement, attached hereto as Exhibit C.

  • The Contractor shall be notified by NYSERDA in accordance with Section 5.04.4 (b)(2) of NYSERDA's Prompt Payment Policy Statement, attached hereto as Exhibit D, of any such information or documentation which the Contractor did not include with such invoice.

  • Invoices for the prior month shall not be submitted before the fifteenth (15) day of the following month; invoices submitted before the fifteenth (15) day of the following month shall not be considered proper invoices for purposes of NYSERDA’s Prompt Payment Policy.

  • If any payment due to Company under this Agreement is not made when due, Customer shall pay Company interest on the unpaid amount in accordance with subparagraphs 5 through 8 of paragraph D set forth in the Customer Prompt Payment Policy.

  • NYSERDA shall make payments to the Contractor in accordance with terms of this Agreement and subject to its Prompt Payment Policy Statement, attached hereto as Exhibit C.

  • NYSERDA will make payments to the Seller in accordance with and subject to its Prompt Payment Policy Statement, attached hereto as Exhibit F.