Common use of Initial Cost Clause in Contracts

Initial Cost. No later than the day falling thirty (30) days after the Signing Date, the Training Provider shall submit to the Procurer an invoice for the total amount of all reasonable and substantiated Costs incurred by the Training Provider during the Start-Up Period in respect of the preparation of the College Assessment and Improvement Plan for each College (the Initial Cost). Such invoice shall be payable in accordance with Clause 6.6.