Consideration - Amounts and Time for Payment Clause Samples

The 'Consideration - Amounts and Time for Payment' clause defines the specific payments or compensation that one party must provide to the other, as well as the schedule or deadlines for making those payments. This clause typically outlines the exact amounts due, the currency to be used, and the dates or milestones when payments must be made. For example, it may require an upfront deposit followed by periodic installments upon completion of certain project phases. Its core function is to ensure both parties have a clear understanding of the financial obligations and timing, thereby reducing the risk of disputes over payment terms.
Consideration - Amounts and Time for Payment. In consideration of the rights granted by DFCI to Licensee under this Agreement, Licensee shall make the following payments to DFCI according to this Article 3 and Article 4, on behalf of itself, any Affiliate(s) or Sublicensee(s).
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Consideration - Amounts and Time for Payment. In partial consideration of the rights granted by MEEI to Licensee under this Agreement, Licensee shall make the following payments to MEEI according to this Article 3 and Article 4, on behalf of itself, any Affiliate(s) or Sublicensee(s).
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Consideration - Amounts and Time for Payment. In partial consideration of the rights granted by Licensor to Licensee under this Agreement, Licensee shall make the following payments to Licensor according to this Article 3 and Article 4, on behalf of itself, any Affiliate(s) or Sublicensee(s).
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Consideration - Amounts and Time for Payment. In partial consideration of the rights granted by SERI to Licensee under this Agreement, Licensee shall make the following payments to SERI according to this Article 3 and Article 4, on behalf of itself, any Affiliate(s) or Sublicensee(s).
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Related to Consideration - Amounts and Time for Payment

  • Time for Payment Interconnection Customer must provide the additional Security, in a form and with terms as required by Section 212.4, within 15 days after its receipt of Transmission Provider’s notice under this section. The requirement for additional Security under this section shall be treated as a milestone included in the Interconnection Service Agreement pursuant to Section 212.5.

  • Basis for Payment DFPS is not obligated to pay unauthorized costs or to pay more than Grantee’s allowable and incurred costs consistent with 45 Code of Federal Regulations (CFR) 75, Subpart E (Cost Principles). Grantee is responsible for submitting invoices in an accurate and timely manner for each service period and for notifying DFPS of a need to expedite payment. DFPS will make reasonable efforts to process all bills received in an accurate and timely manner but does not warrant immediate payment.

  • Progress Payments; Retainage A. Owner shall make progress payments on account of the Contract Price on the basis of Contractor’s Applications for Payment on the third Wednesday of the Month during performance of the Work as provided in Paragraph 6.02.A.1 below, provided that such Applications for Payment have been submitted in a timely manner and otherwise meet the requirements of the Contract. All such payments will be measured by the Schedule of Values established as provided in the General Conditions (and in the case of Unit Price Work based on the number of units completed) or, in the event there is no Schedule of Values, as provided elsewhere in the Contract. 1. Prior to Substantial Completion, progress payments will be made in an amount equal to the percentage indicated below but, in each case, less the aggregate of payments previously made and less such amounts as Owner may withhold, including but not limited to liquidated damages, in accordance with the Contract a. 95 percent of Work completed (with the balance being retainage). If the Work has been 50 percent completed as determined by Engineer, and if the character and progress of the Work have been satisfactory to Owner and Engineer, then as long as the character and progress of the Work remain satisfactory to Owner and Engineer, there will be no additional retainage; and

  • Consideration Payment The consideration paid to Contractor is the entire compensation for all Work performed under this Agreement, including all of Contractor's approved reimbursable expenses incurred, such as travel and per diem expenses, unless otherwise expressly provided, as set forth in Exhibit 8 (Fees, Pricing and Payment Terms).

  • Salary Overpayment Recovery A. When the Employer has determined that an employee has been overpaid wages, the Employer will provide written notice to the employee that will include the following items: 1. The amount of the overpayment; 2. The basis for the claim; and 3. The rights of the employee under the terms of this Agreement.