Payment and Adjustments Sample Clauses

The "Payment and Adjustments" clause defines the terms under which payments are made and outlines the procedures for modifying payment amounts if necessary. Typically, this clause specifies the schedule, method, and conditions for payment, as well as circumstances that may require adjustments, such as changes in scope, unforeseen expenses, or errors in invoicing. Its core function is to ensure both parties have a clear understanding of financial obligations and to provide a mechanism for resolving discrepancies, thereby reducing the risk of disputes over payment.
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Payment and Adjustments. The Company recognizes every second Thursday as pay day. Pay deposited in the employee’s back account will include the basic wages as reported in time documents, along with approved overtime, differentials and special payments for the period. When a general holiday falls on pay day, the Company will arrange to have the pay deposited on the previous banking day.
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Payment and Adjustments. 5.1 Payment Plan Payments by Customer to Boeing of the Firm Fixed Price set forth in Article 4.1 (Firm Fixed Price) and of the amounts for options, if any, exercised by Customer pursuant to this Contract shall be in accordance with Exhibit E (Milestone Payment Plan and Termination Liability Schedule), as applicable thereto.
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Payment and Adjustments. 6.5.1 Timely Payment. AVAHS will make payment on claims submitted electronically within 30 days of receipt and processing and within 45 days of receipt for claims submitted in paper form. An Explanation of Benefits (EOB) that satisfies industry standards will be provided by AVAHS to ATHP.
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Payment and Adjustments. Payment for the Products shall be in accordance with the Terms of Payment stated on this invoice. All stated terms are from the Invoice Date, and payment must be received by the Due Date to earn any stated cash discount. The Buyer must identify the reason for any deductions from payment, subject to both PATRIOT’s and ▇▇▇’s review. PATRIOT and ▇▇▇ will deny and not accept any unidentified deductions. The Buyer must notify JOM’s Customer Service Department of any errors on this invoice no later than 30 days after the Invoice Date. The Buyer shall pay for all purchases, fees and other charges incurred by the Buyer or an authorized user on any account of the Buyer, including service charges on past due accounts at the highest rate permitted by law (including purchases shipped and/or billed to a third-party agent on behalf of the Buyer). Without limiting PATRIOT’s and ▇▇▇'s other legal rights, JOM may exercise a right of set-off against amounts due Buyer from Patriot Pharmaceuticals, LLC. JOM reserves the right, in its sole discretion, to change a payment term (including imposing cash payment upon delivery), to limit total credit and/or to suspend or discontinue the shipment of any orders to the Buyer if JOM concludes that (i) there has been a material change in the Buyer’s financial condition or payment performance or (ii) the Buyer has ceased or is likely to cease to meet JOM's credit requirements. JOM also requires buyers to provide the following Financial Statements on an annual basis to the Credit Department: Balance Sheet, Income Statement, and Cash Flow Statement.
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Payment and Adjustments. (a) The Parties acknowledge and agree that, for administrative convenience, they shall net payments that are due and payable for the Restructuring Transactions and other transactions contemplated in this Agreement simultaneously against each other to the extent practicable to limit the number of wires among the Parties. The Parties also acknowledge and agree that the payments due and payable for the Restructuring Transactions and other transactions contemplated in this Agreement result in PCW Transferee’s obligation to pay CI-II and CI-III (on a pro rata basis), upon the Closing, the aggregate of One Hundred Sixty-Seven Million Five Hundred Thousand Dollars ($167,500,000.00), plus or minus the amount calculated in Section 4.1(b). (b) Upon the Closing, any capital contributions after the Effective Date and prior to the Closing Date by AGR to fund the 522 Project will be offset against any capital contributions made after the Effective Date and prior to the Closing Date by the CI Entities to fund the PCW Project and the 534 ROZ Project. Any net positive amount resulting in favor of AGR will be deducted from the fixed compensation payable by AGR to CI-II and CI-III upon the Closing contemplated in Section 4.1(a), whereas any net negative amount resulting against AGR will be added to the compensation payable by AGR to CI-II and CI-III upon the Closing contemplated in Section 4.1(a).
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Payment and Adjustments. Effective as of the Effective Date, the Buyer shall, in exchange for the Shares, sell, assign, transfer, convey and deliver to the Seller, all of the right, title and interest in and to the Holdings Shares.
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Payment and Adjustments. The Management Committee will take all necessary steps to insure that invoices for the Work are prepared and submitted to the Clients in timely fashion and in accordance with the provisions of the Contracts. The Management Committee will further take steps to insure that payments received from the Clients are promptly deposited in the JV bank account and that amounts due to the Parties under this Article 7 are promptly paid. Any adjustment by the Clients to a JV invoice shall be passed through to the Party whose billings necessitated such adjustment.
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Payment and Adjustments. Payment for the Products shall be in accordance with the Terms of Payment stated on this invoice. All stated terms are from the Invoice Date, and payment must be received by the Due Date to earn any stated cash discount. The Buyer must identify the reason for any deductions from payment, subject to JOM’s review. JOM will deny and not accept any unidentified deductions. The Buyer must notify JOM’s Customer Service Department of any errors on this invoice no later than 30 days after the Invoice Date. The Buyer shall pay for all purchases, fees and other charges incurred by the Buyer or an authorized user on any account of the Buyer, including service charges on past due accounts at the highest rate permitted by law (including purchases shipped and/or billed to a third-party agent on behalf of the Buyer). Without limiting JOM's other legal rights, JOM may exercise a right of set-off against amounts due Buyer from JOM Pharmaceutical Services, Inc. JOM reserves the right, in its sole discretion, to change a payment term (including imposing cash payment upon delivery), to limit total credit and/or to suspend or discontinue the shipment of any orders to the Buyer if JOM concludes that (i) there has been a material change in the Buyer’s financial condition or payment performance or (ii) the Buyer has ceased or is likely to cease to meet JOM's credit requirements. JOM also requires buyers to provide the following Financial Statements on an annual basis to the Credit Department: Balance Sheet, Income Statement, and Cash Flow Statement.
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Payment and Adjustments 
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Related to Payment and Adjustments

  • Prorations and Adjustments (a) Seller and Purchaser agree to prorate and/or adjust, as of 11:59 p.m. on the day preceding the Closing Date (the “Proration Time”), the following (collectively, the “Proration Items”): (i) Rents, in accordance with Section 10.4(c) below. (ii) Cash Security Deposits and any prepaid rents, together with any interest required to be paid thereon. (iii) Utility charges payable by Seller, including, without limitation, electricity, water charges and sewer charges. If there are meters on the Real Property, final readings and final ▇▇▇▇▇▇▇▇ for utilities will be made if possible on the day before the Closing Date, in which event no proration will be made at the Closing with respect to utility bills. If meter readings on the day before the Closing Date are not possible, then Seller will cause readings of all said meters to be performed not more than five (5) days prior to the Closing Date, and a per diem adjustment shall be made for the days between the meter reading date and the Closing Date based on the most recent meter reading. Seller will be entitled to all deposits presently in effect with the utility providers, and Purchaser will be obligated to make its own arrangements for any deposits with the utility providers. (iv) Amounts payable under the Service Contracts other than those Service Contracts which Purchaser has elected not to assume by written notice to Seller prior to the expiration of the Evaluation Period. (v) Real estate taxes due and payable for the calendar year. If the Closing Date shall occur before the tax rate is fixed, the apportionment of real estate taxes shall be upon the basis of the tax rate for the preceding year applied to the latest assessed valuation. If, subsequent to the Closing Date, real estate taxes (by reason of change in either assessment or rate or for any other reason other than as a result of the final determination or settlement of any tax appeal) for the Real Property should be determined to be higher or lower than those that are apportioned, a new computation shall be made, and Seller agrees to pay Purchaser any increase shown by such recomputation and vice versa; provided, however, that if any increase in the assessed value of the Property results from improvements made to the Property by Purchaser, then Purchaser shall be solely responsible for any increase in taxes attributable thereto. With respect to tax appeals, any tax refunds or credits attributable to tax years prior to the tax year in which the Closing occurs shall belong solely to Seller, regardless of whether such refunds are paid or credits are given before or after Closing. Any tax refunds or credits attributable to the tax year in which the Closing occurs shall be apportioned between Seller and Purchaser based on their respective periods of ownership in such tax year. The expenses of any tax appeals shall be apportioned between the parties in the same manner as the refunds and/or credits. The provisions of this Section 10.4(a)(v) shall survive the Closing. (vi) The value of fuel stored at the Real Property, at Seller’s most recent cost, including taxes, on the basis of a reading made within ten (10) days prior to the Closing by Seller’s supplier. (b) Seller will be charged and credited for the amounts of all of the Proration Items relating to the period up to and including the Proration Time, and Purchaser will be charged and credited for all of the Proration Items relating to the period after the Proration Time. The estimated Closing prorations shall be set forth on a preliminary closing statement to be prepared by Seller and submitted to Purchaser prior to the Closing Date (the “Closing Statement”). The Closing Statement, once agreed upon, shall be signed by Purchaser and Seller. The proration shall be paid at Closing by Purchaser to Seller (if the prorations result in a net credit to Seller) or by Seller to Purchaser (if the prorations result in a net credit to Purchaser) by increasing or reducing the cash to be delivered by Purchaser in payment of the Purchase Price at the Closing. If the actual amounts of the Proration Items are not known as of the Closing Date, the prorations will be made at Closing on the basis of the best evidence then available; thereafter, when actual figures are received, re-prorations will be made on the basis of the actual figures, and a final cash settlement will be made between Seller and Purchaser. No prorations will be made in relation to insurance premiums, and Seller’s insurance policies will not be assigned to Purchaser. The provisions of this Section 10.4(b) will survive the Closing for twelve (12) months. (c) Purchaser will receive a credit on the Closing Statement for the prorated amount (as of the Proration Time) of all Rental previously paid to or collected by Seller and attributable to any period following the Proration Time. After the Closing, Seller will cause to be paid or turned over to Purchaser all Rental, if any, received by Seller after Closing and attributable to any period following the Proration Time. “Rental” as used herein includes fixed monthly rentals, additional rentals, percentage rentals, escalation rentals (which include each Tenant’s proration share of building operation and maintenance costs and expenses as provided for under the Lease, to the extent the same exceeds any expense stop specified in such Lease), retroactive rentals, all administrative charges, utility charges, tenant or real property association dues, storage rentals, special event proceeds, temporary rents, telephone receipts, locker rentals, vending machine receipts and other sums and charges payable by Tenants under the Leases or from other occupants or users of the Property. Rental is “Delinquent” when it was due prior to the Closing Date, and payment thereof has not been made on or before the Proration Time. Delinquent Rental will not be prorated. Purchaser agrees to use good faith collection procedures with respect to the collection of any Delinquent Rental. All sums collected by Purchaser in the month of Closing shall be applied to the month of Closing. All sums collected by Purchaser thereafter from each Tenant (excluding tenant specific ▇▇▇▇▇▇▇▇ for tenant work orders and other specific services as described in and governed by Section 10.4(e) below) will be applied first to current amounts owed by such Tenant to Purchaser, and then delinquencies owed by such Tenant to Seller. Any sums due Seller will be promptly remitted to Seller. Purchaser shall not modify, amend or terminate any existing agreements with Tenants relating to past rent due.

  • CLOSING COSTS AND ADJUSTMENTS All adjustments are made as of settlement date.

  • Payment and Year-End Adjustment Amounts accrued pursuant to this Agreement shall be payable to the Adviser as of the last day of each month. If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the actual Fund Operating Expenses of a Fund for the prior fiscal year (including any reimbursement payments hereunder with respect to such fiscal year) do not exceed the Maximum Annual Operating Expense Limit.

  • Returns and Adjustments Merchants and others who honor the Card may give credit for returns or adjustments, and they will do so by submitting a credit slip which will be posted to your account. If your credits and payments exceed what you owe us, the amount will be applied against future purchases and cash advances. If the credit balance amount is $1 or more, it will be refunded upon your written or verbal request.

  • True-Up Adjustments From time to time, until the Retirement of the Recovery Bonds, the Servicer shall identify the need for True-Up Adjustments and shall take all reasonable action to obtain and implement such True-Up Adjustments, all in accordance with the following: