Operations Payment Sample Clauses

Operations Payment. Upon the achievement of the Operations Date, if any Wind Turbine Grantee installs in the Project is closer than the Primary Structure Setback or Boundary Setback and is not located on land other than the Property in which Landowner has a either a full or partial ownership interest (whether directly or through an equity interest in an entity that owns that land), then Grantee will pay Landowner, per each Wind Turbine located closer than the Primary Structure Setback and/or the Boundary Setback, at the written election of Landowner, either: (i) a one-time payment equal to [ ] within thirty (30) days of the Operations Date, or (ii) an annual payment of [ ] within thirty (30) days of the Operations Date and following each anniversary for the remainder of the Term (the “Annual Operations Payment”). On the first January 1st after the Operations Date and on each January 1st thereafter during the Term, the Annual Operations Payment will escalate annually by the increase in the prior year’s average Consumer Price Index-Midwest Region All Items.
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Operations Payment. Within each Operations period identified above, Contractor shall be entitled to ▇▇▇▇ for Operations in equal monthly installments. During any state fiscal year the Department may withhold up to twelve (12%) percent of the Contractor’s annual compensation for Operations for failure to perform. No amount shall be withheld when failure to perform is due solely to another’s action or failure to act, including, without limitation, the Departments’ action or failure to act. The amount withheld for failure to perform a requirement or to meet a performance standard under this Contract shall be released to the Contractor upon presentation to the Department of a successful Overpayments Recovered: In addition, the Contractor shall be paid on a contingent fee basis, as set forth below, for any reviews/audits conducted pursuant to Section 6.2.6 of the RFP that are completed between January 1, 2012 and the expiration or termination of the Contract that result in actual Overpayment recoveries regardless of whether the Overpayment recovery occurs during the Contract Term or thereafter. Overpayments Contingency Fee Payment: Contractor will be paid a percentage of the actual Overpayment recoveries received for each preceding month. Actual Overpayment recoveries are the Overpayment amounts identified by the Contractor that are obtained by DHS from the provider through any means, including set-off against payments. If the provider is refunding the Overpayment in installments, the Contractor fee will be based on the actual amounts paid to DHS as they are received. Contingency fee payments for services related to Overpayment recoveries shall be based on Overpayment amounts recovered by DHS and not on Overpayment amounts identified. If IME receives an Overpayment and pays Contractor based on that received Overpayment but on a subsequent appeal, there is a finding overturning the Overpayment determination, then Contractor shall repay the State in an amount consistent with the overturned Overpayment determination. Such repayments may take place through credits identified on monthly invoices.
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Operations Payment. The Contractor and DOM agree to the monthly Operations invoicing and payment schedule as finalized during Contract negotiations. Failures as a result of the Contractor shall result in penalties being assessed as outlined in Section 2.b. of this Contract.
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Operations Payment. ‌ The Operations Payment before inflation is stated by the PPP company in Appendix 2 to the PPP contract, the tender sheet. The Operations Payment is based on the estimated assumptions set out in Appendix 1 (Functional Requirements) for normal operation, including in relation to amounts of waste, rainwater and wastewater, level of treatment and composition of wastewater. The Operations Payment consists of three sub-components: • A payment for operations related to waste • A payment for operations related to rainwater. • A payment for operations related to wastewater. The PPP company is ensured a fixed income for recovery of fixed costs (and up to 75,000 m3 of wastewater) as well as a variable payment for recovery of any additional costs as a result of larger amounts of wastewater. The Operations Payment is regularly adjusted for inflation according to the provisions of clause 3 of this appendix.
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Operations Payment. Contractor will invoice monthly during the operational phase of this contract. Each month’s invoice will equal 1/12th of the yearly price as indicated below. First Year of Operations $ 14,338,770.00 Second Year of Operations $ 11,332,414.00 Third Year of Operations $ 10,471,937.00 Fourth Year of Operations $ 10,402,156.00 Fifth Year of Operations $ 10,418,416.00 First Optional Year $ 9,371,287.00 Second Optional Year $ 9,450,695.00 Third Optional Year $ 9,656,527.00
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Related to Operations Payment

  • 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.

  • Payment of Operating Expenses Subject to the provisions of Section 6.08(c), Borrower will (i) pay the expenses of operating, managing, maintaining and repairing the Mortgaged Property (including utilities, Repairs and Capital Replacements) before the last date upon which each such payment may be made without any penalty or interest charge being added, and (ii) pay Insurance premiums at least 30 days prior to the expiration date of each policy of Insurance, unless applicable law specifies some lesser period.

  • FACILITIES, PAYMENTS AND SERVICES 25 CONTRACTOR agrees to provide the services, staffing, facilities, and supplies in accordance with 26 this Agreement. COUNTY shall compensate, and authorize, when applicable, said services. 27 CONTRACTOR shall operate continuously throughout the term of this Agreement with at least the 28 minimum number and type of staff which meet applicable federal and state requirements, and which are 29 necessary for the provision of the services hereunder. 30

  • Interim Payments Interim payments may be made by Department, at its discretion, if the completion of deliverables to date have first been accepted in writing by Department's Grant Manager.

  • Progress Payments 9.5.1 After the Architect has issued a Certificate for Payment, the State shall make payment in the manner and within the time provided in the Contract Documents. 9.5.2 The Contractor shall promptly pay each Subcontractor, upon receipt of payment from the State, out of the amount paid to the Contractor on account of such Subcontractor's Work, the amount to which said Subcontractor is entitled, reflecting the percentage actually retained, if any, from payments to the Contractor on account of such Subcontractor's Work. The Contractor shall, by an appropriate agreement with each Subcontractor, require each Subcontractor to make payments to his or her Sub-subcontractors in similar manner. 9.5.3 The Architect may, on request and at his discretion, furnish to any Subcontractor, if practicable, information regarding the percentages of completion or the amounts applied for by the Contractor and the action taken thereon by the Architect on account of Work done by such Subcontractor. 9.5.4 Neither the State nor the Architect shall have any obligation to pay or to see to the payment of any moneys to any Subcontractor. 9.5.5 No Certificate for a progress payment, nor any progress payment, nor any partial or entire use or occupancy of the Project by the State, shall constitute an acceptance of any Work not in accordance with the Contract Documents.