Method and Rate of Payment Sample Clauses

The "Method and Rate of Payment" clause defines how and when payments will be made under a contract, as well as the specific rates or amounts to be paid. It typically outlines whether payments will be made in lump sums, installments, or upon completion of certain milestones, and specifies the currency, payment method (such as bank transfer or check), and applicable rates or fees. This clause ensures both parties have a clear understanding of the financial terms, reducing the risk of disputes over payment timing or amounts.
Method and Rate of Payment. In consideration of the services provided by Contractor in Exhibit “A”, County shall pay Contractor based on the following terms: Contractor shall submit a quarterly invoice to County for reimbursement, together with the required reports of activity. The reimbursement rate shall be at $56.50 per hour, provided that the County shall not reimburse more than the maximum amount of this contract. Should the County question the information provided, the County will not be obligated to make a payment of any invoice until any and all objections to the adequacy of the services rendered, the sufficiency of the required documentation, or the amount of the billing have been resolved. The County shall state the specific nature of its objections to Contractor’s work in writing. County shall also specify what actions or changes are necessary to make the work acceptable. Contractor shall respond to County within 15 days of receipt of such objections. The parties to this Agreement shall meet to discuss such objections at the request of either party. No request for reimbursement will be honored until all reports required hereunder have been received by the Department of Housing. In the event this Agreement is terminated prior to the end of its term, Contractor shall be entitled a prorated payment based on services rendered thru the effective date of termination. Contractor Name: North Peninsula Neighborhood Services Center Phone: ▇▇▇-▇▇▇-▇▇▇▇ Contact Person: ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ Fax: ▇▇▇-▇▇▇-▇▇▇▇ Address: ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
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Method and Rate of Payment. In consideration of the services provided by Contractor in Exhibit “A”, County shall pay Contractor based on the following terms: Contractor shall execute a Promissory Note, Deed of Trust and Declaration of Affordability Covenants in favor of the County of San Mateo on the total amount of $117,000. Total of 30 years. Principal and interest are amortized with a balloon payment due at the end of 30 years. Interest: 3% Loan and Interest Start Date: 12-1-2009 Loan End Date: 12-01-2039 Balloon Payment Date: 12-01-2039 Payment Amount: $222,300 Number of payments: 1 Payment by County shall be made on a reimbursement basis upon claims for reimbursement being submitted by Contractor to the County. Requests for reimbursement shall include copies of invoices paid together with warrants, canceled checks, or other proof that the invoices have been paid. The request must include a brief narrative description of the progress of the project and the items being reimbursed. Upon written request to the Director of Housing, payments may be made directly to authorized third parties; Contractor must submit original invoices with the request. The County will not be responsible for any chargers levied by such third party due to failure to make payments or to meet time requirements set forth in their agreement with Contractor. Contractor shall certify in writing that the specific services for which reimbursement or payment is being requested have been satisfactorily completed, that the payments are proper and that all funds to be expended are on behalf of and exclusively for the project. The County reserves the right to verify such completion prior to payment to Contractor. In the event of a questionable payment request, the County shall state in writing the specific nature of its objections to Contractor’s work. The County shall also specify what actions or changes are necessary to make the work acceptable. Contractor shall respond to County within 15 days of receipt of such objections. The parties to this Agreement shall meet to discuss such objections at the request of either party. The County will not be obligated to make a payment of any billing until any and all objections to the adequacy of the services rendered or the amount of the billing have been resolved. None of the funds shall be used for salary, fringe benefits or other compensation of employees of Contractor or its affiliates. No requests for reimbursement or third party payment will be processed until all reports ...
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Method and Rate of Payment. In consideration of the services provided by Contractor in Exhibit “A”, County shall pay Contractor based on the following fee schedule: Funding provided under this Agreement shall be used for real property acquisition described in Exhibit A and other incidental eligible costs in connection with the acquisition. No funds shall be disbursed until the completion of the environmental review process required under the Community Development Block Grant Program, the funding source for the acquisition. None of the funds under this Agreement shall be used for salary, fringe benefits or other compensation of employees of Contractor and/or its affiliates. Contractor shall open an escrow with a mutually acceptable title company and County shall deposit the necessary funds for property acquisition directly into escrow together with enabling escrow instructions. Contractor shall request in writing the amount necessary for County to deposit into escrow. Name of Contractor The Crossings Phase I, L.P. Contact Person ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, President, Citizens Housing Phone Number (▇▇▇) ▇▇▇-▇▇▇▇ Fax Number (▇▇▇) ▇▇▇-▇▇▇▇ Does the Contractor have any employees? Yes No Does the Contractor provide benefits to spouses of employees? Yes No *If the answer to one or both of the above is no, please skip to Section IV.*
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Method and Rate of Payment. In consideration of the services provided by Contractor in Exhibit “A”, County will disburse funding assistance to Contractor based on the following terms: Upon receipt of invoice, following the end of any calendar quarter, County will reimburse Contractor for actual costs incurred for services rendered during the term of the contract through the end of the quarter just completed, provided Contractor provides DOH with documentation that is appropriate to the request for reimbursement and consistent with the cost allocation budget described in Exhibit A. (For example, if reimbursement is for staffing costs, then appropriate documentation would be time sheets indicating hours incurred for CDBG-supported service delivery in appropriate time periods, documentation that the staff costs are reimbursable from funds provided in this agreement, and that staff costs were a line item in the budget submitted.) Should DOH determine that the invoice documentation is too voluminous, DOH will notify Contractor that a summary of documentation plus scanned/emailed support materials may suffice for County review and approval. In all cases, Contractor should make documentation records available for DOH review upon request. In no event will County reimburse Contractor for any payments exceeding the total amount stated in Paragraph 3 of this agreement. All requests for reimbursement must be signed by an authorized representative of Contractor. Contractor shall certify in writing that the specific services for which reimbursement or payment is being requested have been satisfactorily completed, that the payments are proper and that all funds to be expended are on behalf of and exclusively for the activity or services described in Exhibit A. The County reserves the right to verify such completion prior to payment to Contractor. In the event of a questionable payment request, the County will state in writing the specific nature of its objections to Contractor’s work. The County will also specify what actions or changes are necessary to make the work acceptable. Contractor shall respond to County within 15 days of receipt of such objections. The parties to this Agreement shall meet to discuss such objections at the request of either party. The County will not be obligated to make a payment of any billing until any and all objections to the adequacy of the services rendered or the amount of the billing have been resolved. Contractor Name: Shelter Network Phone: ▇▇▇-▇▇▇-▇▇▇▇ Contact ...
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Method and Rate of Payment. In full consideration of services provided by Contractor pursuant to this Agreement, the County shall make payments to Contractor, not to exceed the amount identified in the variable information table, and in the manner and rate specified in “Attachment IV”, Method and Rate of Payment, attached hereto and by this reference incorporated herein. Payment shall be made after the Project Manager or designee reviews and approves the work and after submittal of an invoice by the Contractor.
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Method and Rate of Payment. A. Rates of Payment In full consideration of the services provided by Contractor, the total amount for alcohol and drug prevention services described in this Agreement is THREE HUNDRED THOUSAND DOLLARS ($300,000). The program funding for each year of the project is as follows: 1. For the period of November 1, 2009 through June 30, 2010, payment shall not exceed ONE HUNDRED FIFTY THOUSAND DOLLARS ($150,000). 2. For the period of July 1, 2010 through June 30, 2011, payment shall not exceed ONE HUNDRED FIFTY THOUSAND DOLLARS ($150,000), if funds are available for AOD prevention and Contractor has made satisfactory progress on contracted service deliverables.
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Method and Rate of Payment. A. Rates of Payment In full consideration of the services provided by Contractor, the total amount for alcohol and drug prevention services described in this Agreement is THREE HUNDRED SEVENTY-FIVE THOUSAND DOLLARS ($ 375,000). The program funding for each year of the project is as follows: 1. For the period of March 1, 2009 through June 30, 2009, payment shall not exceed SEVENTY-FIVE THOUSAND DOLLARS ($75,000). 2. For the period of July 1, 2009 through June 30, 2010, payment shall not exceed ONE HUNDRED FIFTY THOUSAND DOLLARS ($150,000). 3. For the period of July 1, 2010 through June 30, 2011, payment shall not exceed ONE HUNDRED FIFTY THOUSAND DOLLARS ($150,000), IF FUNDS ARE AVAILABLE FOR AOD PREVENTION AND THE CONTRACTOR HAS MADE SATISFACTORY PROGRESS ON CONTRACTED SERVICE DELIVERABLES. B. Payments County will pay Contractor the total contract amount in twenty eight (28) monthly payments based on the payment schedule below. County will pay Contractor’s monthly payment within 30 days, upon timely submission of reports as outlined in the AOD Policy and Procedure Manual. All payments under this Agreement must directly support services specified in this Agreement. March 1, 2009 - June 30, 2009 Funding Amount Payment Amount Release of Payment NRC Funded Prevention (community-based partnership) $75,000 $37,500 Upon execution of agreement $12,500 April 1, 2009 $12,500 May 1, 2009 $12,500 June 1, 2009 July 1, 2009 - June 30, 2010 Funding Amount Payment Amount Release of Payment NRC Funded Prevention (community-based partnership) $150,000 12 monthly payments of $12,500 each Monthly, starting July 1, 2009 July 1, 2010 - June 30, 2011 Funding Amount Payment Amount Release of Payment NRC Funded Prevention (community-based partnership) $150,000 12 monthly payments of $12,500 each Monthly, starting July 1, 2010
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Method and Rate of Payment. In consideration of the services provided by Contractor in Exhibit “A”, County shall pay Contractor based on the following fee schedule:
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Method and Rate of Payment 
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Related to Method and Rate of Payment

  • Method and Place of Payment (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made by the Borrower, without set-off, counterclaim or deduction of any kind, to the Administrative Agent for the ratable account of the Lenders (or, (i) in the case of the Swingline Loans to the Swingline Lender and (ii) in the case of Additional Swingline Loans to the Additional Swingline Lender) entitled thereto, the Letter of Credit Issuer entitled thereto, as the case may be, not later than 2:00 p.m. (New York City time), in each case, on the date when due and shall be made in immediately available funds at the Administrative Agent’s Office or at such other office as the Administrative Agent shall specify for such purpose by notice to the Borrower (or, (i) in the case of the Swingline Loans, at such office as the Swingline Lender shall specify for such purpose by Notice to the Borrower and (ii) in the case of Additional Swingline Loans, at such office as the Additional Swingline Lender shall specify for such purpose by Notice to the Borrower), it being understood that written or facsimile notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s account at the Administrative Agent’s Office shall constitute the making of such payment to the extent of such funds held in such account. All repayments or prepayments of any Loans (whether of principal, interest or otherwise) hereunder shall be made in the currency in which such Loans are denominated and all other payments under each Credit Document shall, unless otherwise specified in such Credit Document, be made in Dollars. The Administrative Agent will thereafter cause to be distributed on the same day (if payment was actually received by the Administrative Agent prior to 2:00 p.m. (New York City time) or, otherwise, on the next Business Day) like funds relating to the payment of principal or interest or Fees ratably to the Lenders entitled thereto. (b) Any payments under this Agreement that are made later than 2:00 p.m. (New York City time) may be deemed to have been made on the next succeeding Business Day in the Administrative Agents sole discretion (or, in the case of the Swingline Loans or the Additional Swingline Loans, at the Swingline Lender’s or Additional Swingline Lender’s, as the case may be, sole discretion). Whenever any payment to be made hereunder shall be stated to be due on a day that is not a Business Day, the due date thereof shall be extended to the next succeeding Business Day and, with respect to payments of principal, interest shall be payable during such extension at the applicable rate in effect immediately prior to such extension.

  • Rate of Payment Community service leave for voluntary community service is granted with pay for the first three days leave in a twelve month period to all employees except casual employees.

  • Second Method and Loss If the Second Method and Loss apply, an amount will be payable equal to the Non-defaulting Party's Loss in respect of this Agreement. If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; if it is a negative number, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party.

  • Second Method and Market Quotation If the Second Method and Market Quotation apply, an amount will be payable equal to (A) the sum of the Settlement Amount (determined by the Non-defaulting Party) in respect of the Terminated Transactions and the Termination Currency Equivalent of the Unpaid Amounts owing to the Non-defaulting Party less (B) the Termination Currency Equivalent of the Unpaid Amounts owing to the Defaulting Party. If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; if it is a negative number, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party.

  • Regular Rate of Pay The regular rate of pay shall be defined to include the employee's hourly wage rate (including the wage premium in lieu of benefits, if applicable), plus shift differential if the evening or night shift is a permanent assignment, certification pay, and lead pay when the employee has a regular (designated) lead assignment.