Additional Payment Provisions Sample Clauses
The "Additional Payment Provisions" clause defines the terms under which extra payments beyond the standard contract price may be required. This clause typically outlines circumstances such as changes in project scope, unforeseen expenses, or adjustments for inflation that could trigger additional payments. By specifying the process for requesting, approving, and documenting these payments, the clause ensures both parties understand when and how extra compensation is handled, thereby reducing disputes and providing financial clarity.
Additional Payment Provisions. (i) If at any time after the date hereof, Lender (which shall include, for purposes of this Section, any corporation controlling Lender and any participant of Lender’s rights hereunder) reasonably determines that due to the adoption or modification of any Legal Requirement regarding taxation, Lender’s required levels of reserves, deposits, Federal Deposit Insurance Corporation insurance or capital (including any allocation of capital requirements or conditions), or similar requirements, or any interpretation or administration thereof by any Tribunal or compliance of Lender with any of such requirements, has or would have the effect of (A) increasing Lender’s costs relating to the Loan, or (B) reducing the yield or rate of return of Lender on the Loan, to a level below that which Lender could have achieved but for the adoption or modification of any such Legal Requirements, Borrower shall, within fifteen (15) days of any request by Lender, pay to Lender such additional amounts as (in Lender’s sole judgment, after good faith and reasonable computation) will compensate Lender for such increase in costs or reduction in yield or rate of return of Lender (a “Consequential Loss”). No failure by Lender to immediately demand payment of any additional amounts payable hereunder shall constitute a waiver of Lender’s right to demand payment of such amounts at any subsequent time. Nothing herein contained shall be construed or so operate as to require Borrower to pay any interest, fees, costs or charges greater than is permitted by applicable law.
(ii) If any requirement of law or any change therein or in the interpretation or application thereof, shall hereafter make it unlawful for Lender to make or maintain a Loan with the Interest Rate being based on LIBOR as contemplated hereunder, (A) the obligation of Lender hereunder to make such Loan based on LIBOR or to convert the Loan from the Base Rate Interest Rate to the LIBOR Rate shall be canceled forthwith and (B) any outstanding LIBOR Rate Loan shall be converted automatically to a loan bearing interest at the Base Rate Interest Rate on the next succeeding Payment Date or within such earlier period as required by law. Borrower hereby agrees promptly to pay Lender, upon demand, any additional amounts necessary to compensate Lender for any costs incurred by Lender in making any conversion in accordance with this Agreement, including, without limitation, any interest or fees payable by Lender to lenders of funds obtained...
Additional Payment Provisions. The payment of any amounts accrued under any benefit plan, program or arrangement in which the Employee participates shall be subject to the terms of the applicable plan, program or arrangement, and any elections the Employee has made thereunder.
Additional Payment Provisions. In addition to the terms set forth in Attachment B of the Participating Addendum, the following payment terms shall apply to this Purchase Order:
a. Submit invoices to: State of Vermont, [CONTRACTING AGENCY], [CONTRACTING AGENCY ADDRESS].
b. Contractor invoices shall include the Participating Addendum No. and Purchase Order No. which appear at top of this Form.
c. Payments shall be made only upon approval and acceptance by the State.
d. [ADD IF APPLICABLE] The following expenses shall be reimbursable only to the extent set forth in this Purchase Order and consistent with the requirements as described in RFR ITS58 Section 3.3.6. For purchases by State Purchasers, reimbursement of expenses hereunder shall be limited to the applicable amounts allowed for State of Vermont employees.
i. List allowable reimbursable expenses and corresponding rates e. ADD OTHER TERMS AS APPLICABLE; BUT NOTE THAT OTHER TERMS CANNOT AMEND, CONFLICT WITH OR SUPERSEDE PAYMENT TERMS OF THE MASTER AGREEMENT OR THE PARTICIPATING ADDENDUM
Additional Payment Provisions. If at any time after the date hereof, Lender (which shall include, for purposes of this Section, any corporation controlling Lender) reasonably determines that due to the adoption or modification of any Legal Requirement regarding taxation, Lender’s required levels of reserves, deposits, Federal Deposit Insurance Corporation insurance or capital (including any allocation of capital requirements or conditions), or similar requirements, or any interpretation or administration thereof by any Tribunal or compliance of Lender with any of such requirements, has or would have the effect of (a) increasing Lender’s costs relating to the Loan, or (b) reducing the yield or rate of return of Lender on the Loan, to a level below that which Lender could have achieved but for the adoption or modification of any such Legal Requirements, Borrower shall, within fifteen (15) days of any request by Lender, pay to Lender such additional amounts as (in Lender’s sole judgment, after good faith and reasonable computation) will compensate Lender for such increase in costs or reduction in yield or rate of return of Lender (a “Consequential Loss”). No failure by Lender to immediately demand payment of any additional amounts payable hereunder shall constitute a waiver of Lender’s right to demand payment of such amounts at any subsequent time. Nothing herein contained shall be construed or so operate as to require Borrower to pay any interest, fees, costs or charges greater than is permitted by applicable Law.
Additional Payment Provisions. Borrower shall pay Lender the amount owing in respect of any Obligations under the Loan Documents on the terms set forth in the Loan Documents, or, if no date of payment is otherwise specified in the Loan Documents, ON DEMAND.
Additional Payment Provisions. (1) County shall prepare and electronically submit invoices in a format approved by OHA, to ▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇▇▇▇.▇▇.▇▇ or to any other address as OHA may indicate in writing to County, for services provided in each calendar quarter, in the amounts reflected in the invoice chart, by the dates shown.
(2) Agreement number and Invoicing Period or payment upon execution designation shall be included on County’s invoice and all supporting documentation.
(3) OHA is not obligated to pay for any services that are not properly reported in accordance with the Reporting Requirements section above and where the invoice is received more than 60 calendar days after the expiration or termination date of this Agreement, whichever is earlier.
(4) Funding provided through this Agreement may only be used for the project in the manner prescribed herein. Funding may not be used to reimburse expenses incurred prior to the effective date of this Agreement.
Additional Payment Provisions. The payment of any monies accrued under any benefit plan; program or arrangement in which you participate will be subject to the terms of the applicable plan, program or arrangement and any elections you have made thereunder. Anything contained herein to the contrary notwithstanding, the obligations of the Company to make payments to you pursuant to this Agreement will survive any termination of this Agreement.
Additional Payment Provisions. (a) Bank may debit the Disbursement Account, the Collections Account or any other account maintained by Borrowers at Bank and/or make Revolver Loans to Borrowers (whether or not in excess of the lesser of the Revolver Commitment and the Borrowing Base) and apply such amounts to the payment of interest, fees, expenses and other amounts to which Bank may be entitled from time to time and Bank is hereby irrevocably authorized to do so without the consent of Borrowers.
(b) Borrowers shall make each payment of principal of and interest on the Loans and fees hereunder not later than 12:00 noon (local time in Atlanta, Georgia) on the date when due, without set off, counterclaim or other deduction, in immediately available funds to Bank at its address referred to in Section 10.4. Whenever any payment of principal of, or interest on, the Loans or of fees shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next succeeding Business Day. If the date for any payment of principal is extended by operation of law or otherwise, interest thereon shall be payable for such extended time.
(c) Any prepayment shall not affect Borrowers’ obligation to continue making payments under any swap agreement (as defined in 11 U.S.C. § 101), which shall remain in full force and effect notwithstanding such prepayment, subject to the terms of such swap agreement.
Additional Payment Provisions. The Contractor shall submit detailed Room & Board Financial Reports / Requests for Payment on a monthly basis, including dates of service, diagnosis code, residents’ names, each resident’s Social Security Number, payments made by each resident, and any other information and/or documentation appropriate and sufficient to substantiate the amount invoiced for payment by the State. All Room & Board Financial Reports / Requests for Payment must include the Contract # for this agreement.
Additional Payment Provisions. 6.1 If Assessments in respect of Part XIII Tax have been issued but will be replaced as a result of the Part XIII Tax mitigation described in clause 5.1, then, in accordance with normal practice, the DC Contributors shall be required to make a payment in respect of Part XIII Tax hereunder only upon issuance of the appropriate replacement Assessments for Part XIII Tax in respect of the corresponding CTPD Resolution. The DC Contributors shall be liable for any additional cost that may result from such a delay in payment of Part XIII Tax. Notwithstanding the foregoing, the DC Contributors shall not be entitled to such a delay in payment if as a result thereof a Chrysler Entity becomes subject to any material collection action in respect of the CTPD by any Canadian Taxing Authority.
6.2 Notwithstanding anything to the contrary herein:
(a) if a payment otherwise would be required to be made by the DC Contributors under this CTPD Agreement in order to effect payment to the Canadian Taxing Authorities, and
(b) if either Chrysler or CCI is under the supervision of a court pursuant to a Bankruptcy or Insolvency Code,