BASIS OF BILLING Sample Clauses

The "Basis of Billing" clause defines the method and criteria by which charges for goods or services will be calculated and invoiced. It typically outlines whether billing will be based on time spent, units delivered, milestones achieved, or another measurable factor, and may specify the frequency of invoicing, such as monthly or upon completion of certain tasks. This clause ensures both parties have a clear understanding of how and when payments are determined, reducing the risk of disputes over billing and promoting transparency in the financial aspects of the agreement.
BASIS OF BILLING. City shall pay the Engineer based on hourly rates for all services rendered under Section II Phases A through G, an amount not to exceed the amount in Section V.C, including any and all Project-related expenses such as travel, reproduction of reports and drawings, tolls, mileage, etc. For the purposes of this agreement, the principals and employees of the Engineer and their hourly rates are set forth in Exhibit A.
BASIS OF BILLING. In general, the City and its enterprises will not reimburse outside counsel for general overhead expenses, such as secretarial services, office supplies, word processing, or for services by paralegals which are secretarial or clerical in nature. Billing for legal services rendered on the City’s and its enterprises’ behalf should be computed solely on the basis of the application of counsel’s agreed hourly rates for the individual timekeepers or categories of partners and associates and, wherever appropriate, paralegals, to the actual time spent by each such person in rendering legal services for the City and its enterprises. Further, the amount of time spent in rendering legal services by all personnel should be appropriate to the requirements of the engagement in light of the experience and competence of the counsel and other staff members retained for that project, subject to the following: (a) The City and its enterprises expect counsel to keep to a minimum, and only when necessary, the involvement of more than one attorney in reviewing documents, researching, briefing, attending meetings, witness interviews, depositions, hearings, etc. Unless necessity is demonstrated and approved in advance by the City Attorney or the staff attorney assigned to a particular matter, the City and its enterprises will not reimburse counsel for time spent by more than one attorney attending meetings, witness interviews, depositions, mediations, hearings, trial, etc. (b) The City expects counsel to make as much productive use of travel time as possible. If travel out of town is required, the City will reimburse counsel for a maximum of eight hours billing time for each regular business day spent out of town unless actual time worked while out of town exceeds that amount. If counsel is out of town for less than eight hours during any regular business day, the amount billed for that day shall be reduced to the actual time spent out of town unless actual time worked exceeds that amount. Airfare, transportation and lodging expenses will be reimbursed only after prior approval by the City Attorney. Counsel will attempt to minimize disbursements for airfares and transportation and lodging expenses. No first-class travel expenses or seat upgrades to first class will be reimbursed by the City and its enterprises. (c) In addition to hourly rates and fees for travel allowed as set forth above, the City agrees to pay for costs and expenses incurred in connection with the Services, su...
BASIS OF BILLING. City shall pay the Consulting Engineer for all services rendered under Section II Phases A through F an amount based on Direct Labor Costs times 3.5 for services rendered by principals and employees assigned to the Project. Direct Labor Costs used as a basis for payment means salaries and wages (basic and incentive) paid to all personnel engaged directly on the Project, including but not limited to, engineers, architects, surveyors, designers, draftsmen, specification writers, estimators, other technical personnel, stenographers, typists and clerks; but does not include indirect payroll related costs or fringe benefits. For the purposes of this Agreement, the principals and employees of the Consulting Engineer and their hourly direct labor costs are set forth in Exhibit H hereto.

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  • Basis of Accrual If the basis of accrual of interest or fees expressed in this Agreement with respect to the currency of any state that becomes a participating state shall be inconsistent with any convention or practice in the London Interbank Market or, as the case may be, the Paris Interbank Market for the basis of accrual of interest or fees in respect of the euro, such convention or practice shall replace such expressed basis effective as of and from the date on which such state becomes a participating member state; provided, that if any Loan in the currency of such state is outstanding immediately prior to such date, such replacement shall take effect, with respect to such Loan, at the end of the then current Interest Period.

  • Basis of Agreement Subject to the terms and conditions herein provided, during the period of this Agreement, the Managers shall carry out Management Services in respect of the Vessel as agents for and on behalf of the Owners. The Managers shall have authority to take such actions as they may from time to time in their absolute discretion consider to be necessary to enable them to perform this Agreement in accordance with sound ship management practice.