Completion Payments Sample Clauses

The Completion Payments clause defines the obligation for one party to make specific payments upon the successful completion of certain milestones or the entire contract. Typically, this clause outlines the timing, amount, and method of payment that becomes due once the agreed deliverables are finalized and accepted. By clearly specifying when and how final payments are made, the clause ensures both parties understand their financial responsibilities and helps prevent disputes over payment timing or conditions.
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Completion Payments. Australian Apprentices who complete their qualification are eligible for a completion payment. The completion payment id paid by the ACT Government directly to the Australian Apprentice. The payment is received upon completion of the qualification and a survey. The completion payment is $300 per qualification. Australian Apprentices will be eligible to receive he payment for up to one year after successful completion of the qualification provided up to date email and bank account details are confirmed. On ATC notifying Skills Canberra of a successful completion, Skills Canberra will email a survey to Australian Apprentice’s eligible for the payment. The payment will be made when the student has submitted the survey response. An Australian Apprentice is not eligible for a completion payment where more than 50% of the units are completed through RPL. A significant proportion of units completed through credit transfer may also impact on student eligibility for this payment.
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Completion Payments. All amounts expressed to be payable to the Sellers at Completion pursuant to any provision of this Agreement shall be paid to such accounts as nominated in writing by the Institutional Sellers and the Management Sellers’ Representatives and the receipt of each such amount in such accounts shall be an absolute discharge to the Purchaser of the obligation to pay such amount and the Purchaser shall not be concerned to see to the application of any such amount thereafter.
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Completion Payments. (a) Two Business Days after the Completion of the first Site, Lessee shall pay to Agent a portion of the Lease Balance in an amount equal to the aggregate Facility Fee payable pursuant to Section 2.15. (b) Two Business Days after Completion of the Financed Improvements for each Site, Lessee shall pay to Agent a portion of the Lease Balance in an amount equal to the aggregate accrued Commitment Fee allocated to such Site pursuant to Section 2.15. (c) Upon receipt of any such payment pursuant to this Section 2.16, Agent will promptly distribute to the Participants their pro rata portions of such amounts in accordance with Article III of the Loan Agreement.
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Completion Payments. On Completion, the Purchaser shall pay, with value date (date de valeur) on the Completion Date, by way of wire transfer of immediately available funds (all such payments, together the “Completion Payments”): 3.3.1 If Polish Closing occurs prior to Target Date, to the Sellers (or to any other Persons, as listed in the Pre-Completion Statement), the amount set forth in Article 3.2(iv); or 3.3.2 If Polish Closing does not occur prior to Target Date, to the Sellers (or to any other Persons, as listed in the Pre-Completion Statement): the amounts set forth in Article 3.2(v), in each case to the bank accounts, the references of which are set out in the Pre-Completion Statement.
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Completion Payments. On Completion, the Purchaser (i) shall pay the Purchase Price to the Seller in accordance with Clauses 3.3.1 and 9.2 and Schedule 9.2 (Completion Events), and (ii) shall procure that the Company and Assembléon Netherlands B.V. are put into funds in accordance with Clauses 7.1 to 7.1.4 so that the Intercompany Loans Repayment Amount shall be satisfied in full on the Completion Date.
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Completion Payments. On Completion, the Purchaser shall: (a) pay or cause the Group Companies to pay an amount equal to the Group Indebtedness (with value date of the Completion Date), as specified in the Pre-Completion Statement, by electronic transfers of funds to the accounts of the Existing Financing Banks and of the Sellers’ Representative (as the case may be) as specified in the Pre-Completion Statement; (b) pay or cause the Acquired Companies to pay the aggregate Stock-Option Waiver Amount (with value date of the Completion Date), as notified by the Sellers’ Representative to the Purchaser as contemplated under Section 3.3.1(a) above; and (c) pay to the Sellers’ Representative, acting on behalf of the Sellers, the full amount of the Purchase Price (with value date of the Completion Date) by electronic transfers of funds to the accounts of the Sellers’ Representative (with a copy of such wire transfer order and of the SWIFT screen evidencing the transfer being delivered to the Sellers’ Representative). Receipt by the Sellers’ Representative of the payment of the Purchase Price in its bank accounts shall be an effective discharge of the Purchaser’s obligation to make such payment. The payments referred to in paragraphs (a), (b) and (c) above are together defined as the “Completion Payments”.
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Completion Payments. At Completion, the Purchasers shall: (i) pay the Estimated Securities Purchase Price to the Vendors as set out in the Pre-Completion Statement on the Vendors Pivot Account; (ii) pay the Suzhou Purchase Price to ▇▇▇▇▇ Suzhou by wire transfer to the relevant the bank account specified in the Pre-Completion Statement, with value date on the Completion Date if the transfer of the Suzhou Business occurs on the Completion Date in accordance with the provisions of Clause 2(a)(iii); (iii) make available to the relevant Group Companies the funds necessary for, and cause the Group Companies to complete, the repayment or redemption in full of the Existing Indebtedness and the Intercompany Non-Trading Payables by wire transfer(s) to the relevant the bank account(s) specified in the Pre-Completion Statement, with value date on the Completion Date, provided that all Taxes and costs to be paid in relation to the repayment or redemption would be borne by the Vendors (either directly or through inclusion in the Net Debt); (together the Completion Payments).
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Completion Payments. Subject to Employee’s satisfactory completion of all required duties during 2019 and the Part-Time Period; Employee’s re-execution of this Agreement on or after the Retirement Date; and Employee’s compliance with all provisions of this Agreement, Employer will make the following additional payments to Employee following the Retirement Date:
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Related to Completion Payments

  • Payments and Completion Payments may be withheld because of (1) defective work not remedied; (2) failure of contractor to make proper payments to subcontractors, workers, or suppliers; (3) persistent failure to carry out work in acceptance with this Agreement or these general conditions, or (4) legal claims. Final payment will be due after complete release of any and all liens arising out of the contract or submission of receipts or other evidence of payment covering all subcontractors or suppliers who could file such a lien. The contractor agrees to indemnify the Owner against such liens and will refund all monies including costs and reasonable attorney’s fees paid by the owner in discharging the liens. A 10 percent holdback is required by the lender to assure the work has been properly completed and there are no liens against the property.

  • Termination Payments (a) In the event that the Employment Term is terminated for any reason other than by the Company without Cause or by the Employee with Good Reason: (A) the Company shall pay to the Employee any Base Salary accrued hereunder on or prior to the date of termination but not theretofore paid to the Employee; and (B) the Employee shall be entitled, in accordance with the terms and conditions of the applicable plan, program or arrangement, to all benefits accrued under any benefit plans, programs or arrangements in which the Employee shall be a participant as of the date of termination, including any Bonus earned, declared and payable (but not yet paid) in accordance with Section 3(b) hereof in respect of the then current fiscal year, or if the Bonus in respect of the then current fiscal year has not yet been earned, declared and become payable, in respect of the fiscal year ended immediately prior to the date of termination (the "Accrued Benefits"). Notwithstanding the foregoing, the Bonus amount in respect of fiscal year 2000 under Section 3(b) shall be deemed earned, declared and payable. (b) Subject to paragraph (c) of this Section 11 below, in the event that the Employment Term is terminated by the Company without Cause or by the Employee for Good Reason: (A) the Company shall pay to the Employee any Base Salary accrued hereunder on or prior to the date of termination but not theretofore paid to the Employee; (B) the Company shall pay the Employee a lump sum amount equal to two (2) times the Employee's annual Base Salary at the time of the Employee's termination of employment; (C) the Company shall pay the Employee an amount equal to two (2) times the Bonus paid (or to be paid) to the Employee for the then current fiscal year, or if the Bonus in respect of the then current fiscal year has not yet been earned, declared and become payable, in respect of the fiscal year preceding the fiscal year in which such termination occurs; and

  • Contribution Payment To the extent the indemnification provided for under any provision of this Agreement is determined (in the manner hereinabove provided) not to be permitted under applicable law, the Company, in lieu of indemnifying Indemnitee, shall, to the extent permitted by law, contribute to the amount of any and all Indemnifiable Liabilities incurred or paid by Indemnitee for which such indemnification is not permitted. The amount the Company contributes shall be in such proportion as is appropriate to reflect the relative fault of Indemnitee, on the one hand, and of the Company and any and all other parties (including officers and directors of the Company other than Indemnitee) who may be at fault (collectively, including the Company, the "Third Parties"), on the other hand.

  • Termination Payment The final payment delivered to the Certificateholders on the Termination Date pursuant to the procedures set forth in Section 9.01(b).

  • Separation Payments Following Executive’s separation from service with Company on or after his Vesting Date (as defined in Section 7), Company shall pay to Executive the sum of THIRTY-FOUR THOUSAND TWO HUNDRED SEVEN and 04/100 Dollars ($34,207.04) per month, beginning six months and one week after Executive’s date of separation for a period of ten (10) years, or until Executive’s death, whichever first occurs (the “Separation Payments”). Such payments shall be subject to any and all applicable withholding, Social Security, employment, income and other taxes or assessments, if any, under the applicable tax law. If Executive should die during the ten-year period during which payments are being made under this Paragraph 3, then those payments shall terminate and future payments, if any, shall be made to Executive’s designated beneficiary(ies) or Executive’s estate in accordance with the provisions of Paragraph 4 of this Agreement.