BUDGET AND PAYMENT CONDITIONS Clause Samples

The "Budget and Payment Conditions" clause defines the financial terms governing a contract, specifying how much will be paid, when payments are due, and under what conditions payments may be withheld or adjusted. This clause typically outlines the total budget, payment schedule (such as milestones or periodic payments), and any requirements for invoicing or documentation. By clearly setting out these terms, the clause ensures both parties understand their financial obligations and helps prevent disputes over payment timing or amounts.
BUDGET AND PAYMENT CONDITIONS. 11.1. CDI - UV will invoice ISA ESPAÑA for only the course costs outlined in this document. Any changes in cost from the amounts provided in this document must be agreed upon in annexes by both parties prior to payment being made. 11.2. Payment will be made in EUROS currency. The fee agreed for one course of 45 hours is 450€ (FOUR HUNDRED FIFTY EUROS) per student, with a minimum of 6 students each course (2.700€) 11.3. Participation Costs for Enrollment Courses linked to the participation on the Program, will include the corresponding academic fees, registration, and all management costs for administrative and academic issues. Within the Participation Costs any extra credits either optional, or required for fulfilling academic acceptance requirements are not included. 11.4. The cost for Customized Courses will be set independently of the number of ISA Students. In the event of not reaching a minimum number of ISA Students, the course can still be delivered as long as ISA ESPAÑA assumes its total cost. 11.5. ISA ESPAÑA will be able to modify to Independent Study or cancel any of the agreed Customized Courses with no charge if it is cancelled 45 days before the starting date of each semester (not including the month of August in the calculation). After that date it won’t be possible to modify it to Independent Study. If the Customized Course is cancelled later than that, ISA ESPAÑA will pay 30% of the course according to the agreement prices. 11.6. For any participant who withdraws from the Program prior to 1 month to the starting date of each semester, ISA ESPAÑA will not be responsible for payment to CDI - UV for any costs related to the withdrawn of the participant on the Enrollment Courses. 11.7. If a minimum of 3 ISA Students per course is not reached, and the course is of 2,3 or 4 USA credits, the course can be cancelled or modified to “Independent Study Course”. 11.8. CDI - UV will send the invoice 2 months before the starting date of each semester and ISA ESPAÑA will transfer payment, within thirty (15) days of receipt of the invoice, to the following bank account: 11.9. The amount must be transferred to CDI - UV in full, free of any bank charge or fee.
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BUDGET AND PAYMENT CONDITIONS. 11.1. CDIUV will invoice ISU for only the course costs outlined in this document. Any changes in cost from the amounts provided in this document must be agreed upon in annexes by both Parties prior to payment being made. 11.2. Payment will be made in EUROS. The fee agreed for one course of 35/37 hours is €3.500,00 (THREE THOUSAND FIVE HUNDRED EUROS). 11.3. Participation costs for standard courses linked to the participation in the Program will include the corresponding academic fees, registration, and all management costs for administrative and academic issues. Within the participation costs, any extra credits, either optional or required to fulfil academic acceptance requirements, are not included. 11.4. The cost for Customized Courses will be set independently of the number of ISU Students. In the event of not reaching a minimum number of ISU Students, the course can still be offered as long as ISU assumes its total cost. 11.5. ISU will be able to modify to Independent Study or cancel any of the agreed Customized Courses with no charge if it is cancelled 45 days before the starting date of each semester (not including the month of August in the calculation). After that date it will not be possible to modify it to
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BUDGET AND PAYMENT CONDITIONS. 11.1. CDIUV will invoice RUTGERS for only the course costs outlined in this document. Any changes in cost from the amounts provided in this document must be agreed upon in annexes by both Parties prior to payment being made. 11.2. Payment will be made in EUROS. The fee agreed for one course of 45 hours is €4.500,00 (FOUR THOUSAND FIVE HUNDREND EUROS) as payment for classes and 2.832,50€ (TWO THOUSAND EIGHT HUNDRED THIRTY-TWO EUROS AND FIFTY CENTS) as payment for tutoring per course, with a maximum of 12 students for each course. 11.3. Participation costs for standard courses linked to the participation in the Program will include the corresponding academic fees, registration, and all management costs for administrative and academic issues. Within the participation costs, any extra credits, either optional or required to fulfil academic acceptance requirements, are not included. 11.4. The cost for Customized Courses will be set independently of the number of the students. In the event of not reaching a minimum number of students, the course can still be offered as long as RUTGERS assumes its total cost. 11.5. RUTGERS will be able to modify to Independent Study or cancel any of the agreed Customized Courses with no charge if it is cancelled 45 days before the starting date of each semester (not including the month of August in the calculation). After that date it will not be possible to modify it
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BUDGET AND PAYMENT CONDITIONS. The contract is for an overall amount of EUR 16,000(121,210 DKK), which will be disbursed as follows: GBIF Secretariat • ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇ • DK-2100 Copenhagen Ø • Denmark Tel: +▇▇ ▇▇ ▇▇ ▇▇ ▇▇ • Fax: +▇▇ ▇▇ ▇▇ ▇▇ ▇▇ • E-mail: ▇▇▇▇@▇▇▇▇.▇▇▇ First instalment: EUR 8,000 (60,605 DKK) equivalent to a 50 % of the total at the time of signature of the contract. Second instalment: EUR 4,800 (36,363 DKK) equivalent to a 30 % of the total on 15th June 2008. Third instalment: EUR 3,200 (24,242h DKK) equivalent to a 20 % of the total after acceptance of the final report and delivery. The second and third instalments are contingent upon acceptable progress reports on the achievements attained within a given time period as well as satisfactory financial report. GBIFS may, after giving notice to the contractor, defer payment if the agreed services, products and functionalities are contested by the GBIFS. Where payment is so deferred, the GBIFS shall not be liable to pay interest or indemnities of any kind. The contractor will be responsible to distribute the funds for this mentoring to the other involved parties (i.e. GBIF Spain and NlBIF) according to the budget included in the Mentoring Proposal (Annex 1 of this contract). All requests for payment shall be sent to the following address: Global Biodiversity Information Facility Secretariat ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇ Dk-2100 Copenhagen Ø Denmark Phone: + ▇▇ ▇▇ ▇▇ ▇▇ ▇▇ Fax: + ▇▇ ▇▇ ▇▇ ▇▇ ▇▇ Please make payments to: Instituto de Investigación de Recursos Biológicos “▇▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇” ▇▇▇▇▇ ▇▇▇ # ▇▇-▇▇, ▇▇▇▇▇▇ ▇.▇., ▇▇▇▇▇▇▇▇ Banking information: Name of account’s holder: Instituto ▇▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇ Bank Name and Branch: Helm Bank Miami Address: ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇ Swift – ABA Code: ▇▇▇▇▇▇▇▇▇ Account/IBAN Number: 1040091913 The payment will be transferred in DKK. Upon receipt of payment we kindly ask you to acknowledge receipt directly to our Financial Officer, ▇▇▇▇▇▇▇ ▇▇▇▇▇ at: This contract shall be subject to Danish Law.
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Related to BUDGET AND PAYMENT CONDITIONS

  • PAYMENT CONDITIONS 6.01 Prices shall remain firm for the initial term of the Agreement and, thereafter, may be adjusted annually as provided in this paragraph. The County does not guarantee any minimum or maximum amount of dollars to be spent under this Agreement. 6.02 Negotiations for rate changes shall be commenced, by CONTRACTOR, a minimum of ninety days (90) prior to the expiration of the Agreement. Rate changes are not binding unless mutually agreed upon in writing by the County and the CONTRACTOR. 6.03 Invoice amounts shall be billed directly to the ordering department. 6.04 CONTRACTOR shall submit such invoice periodically or at the completion of services, but in any event, not later than 30 days after completion of services. The invoice shall set forth the amounts claimed by CONTRACTOR for the previous period, together with an itemized basis for the amounts claimed, and such other information pertinent to the invoice. The County shall certify the invoice, either in the requested amount or in such other amount as the County approves in conformity with this Agreement and shall promptly submit such invoice to the County Auditor-Controller for payment. The County Auditor-Controller shall pay the amount certified within 30 days of receiving the certified invoice.

  • Cost and Payment Contractor shall be paid for goods/services rendered satisfactorily per the negotiated fees and schedules incorporated hereto. All payment will be arrears. Payment shall be made per request upon receipt of a detailed invoice. The invoice submitted shall note the purchase order number and must be delivered to the Accounts Payable Department at the address noted on Purchase Order.

  • Compensation and Payment Terms (a) S&C’s fees for the Services shall be calculated at the rate(s) set forth in Exhibit “A” attached hereto. The Maximum Compensation to S&C for the Services performed under this Agreement is One Hundred Two Thousand Five Hundred and 00/100 Dollars ($102,500.00).In no event shall the amount paid by County to S&C under this Agreement exceed said Maximum Compensation without an approved change order. (b) S&C understands and agrees that the Maximum Compensation stated is an all- inclusive amount and no additional fee, cost or reimbursed expense shall be added whatsoever to the fees stated in the attached Exhibit “A.” (c) County will pay S&C based on the following procedures: Upon completion of the tasks identified in the Scope of Services, S&C shall submit to County staff person designated by the Facilities Management and Planning Director, one (1) electronic (pdf) copy of the invoice showing the amounts due for services performed in a form acceptable to County. County shall review such invoices and approve them within 30 calendar days with such modifications as are consistent with this Agreement and forward same to the Auditor for processing. County shall pay each such approved invoice within thirty (30) calendar days. (d) Accrual and payment of interest on overdue payments shall be governed by Chapter 2251 of the Texas Government Code. (e) S&C understands and agrees that County’s obligation to make any payment(s) hereunder is dependent upon S&C’s completion of the Services in a timely, good, and professional manner and in accordance with the performance representations made in Section 25 of this Agreement. Therefore, County reserves the right to withhold payment pending verification of satisfactory work performed.

  • Post-Closing Conditions On or before each of the dates specified in this Section 4.3 (unless a longer period is agreed to by the Administrative Agent in writing), the Borrower shall satisfy each of the following items specified in the subsections below:

  • ADDITIONAL SPECIAL CONTRACT CONDITIONS Special Contract Conditions revisions: the corresponding subsections of the Special Contract Conditions referenced below are replaced in their entirety with the following: