Payment for Delay Sample Clauses

The Payment for Delay clause establishes the obligation for one party to compensate the other if a project or delivery is not completed within the agreed timeframe. Typically, this clause specifies a daily or weekly rate of payment, often referred to as liquidated damages, that accrues for each period of delay beyond the scheduled completion date. Its core practical function is to incentivize timely performance and provide a predetermined remedy for losses caused by delays, thereby allocating risk and ensuring predictability for both parties.
Payment for Delay. Where the Train Operator is required to make payment to Network Rail for Delay or a Cancellation under the provisions of this Schedule 8, Network Rail shall issue an invoice to the Train Operator within 90 days of the end of the Charging Period in which the Delay or Cancellation arose requesting that payment. The Train Operator shall make payment to Network Rail of the sum contained in that invoice within 28 days of the date of that invoice.
View SourceView Similar (4)
Payment for Delay. Subcontractor shall not be entitled to damages for delays by reason of any act or omission of Contractor or Owner, unless and until Contractor or Owner compensates WPI for Subcontractor's damages, and Subcontractor's sole remedy for such delay shall otherwise be an extension of time, only to the extent actually granted by Contractor or Owner. Subcontractor shall not be entitled to recover damages from WPI for delays or damages caused by the act or omission of any other subtier or their agents, nor shall WPI be liable to Subcontractor for delays occasioned by the act or omission of any other Subcontractor of WPI, unless and until such other subtier compensates WPI for Subcontractor's damages.
View Source
Payment for Delay. Where the Train Operator is required to make payment to Network Rail for Delay or a Cancellation under the provisions of this Schedule 8, Network Rail shall issue an invoice to the Train Operator within 90 days of the end of the Charging Period in which the Delay or Cancellation arose requesting that payment. The Train Operator shall make payment to Network Rail of the sum contained in that invoice within 28 days of the date of that invoice. 6 Review of payment for Delay and Cancellations to Third Party Train Operator Services 6.1 Either Network Rail or the Train Operator may by written notice to the other served within a period of 120 days after the end of a Contract Year request a review of the payments and invoices for Delay and Cancellations to Third Party Train Operators in that contract Year (“Schedule 8 Notice”) 6.2 Where Network Rail serves a Schedule 8 Notice that notice shall include: a. a statement of the total amount invoiced to the Train Operator by Network Rail under paragraph 5 of this Schedule 8 (“Train Operator Payments”);‌ b. a statement of the total of all amounts actually paid by Network Rail to all Third Party Train Operators and of all amounts due to and allowed to all Third Party Train Operators by Network Rail in relation to all Delay and Cancellations Attributable to the Train‌ Operator and those parts of any Delay and any Cancellations Attributable to both the Train Operator and Network Rail for which the Train Operator is liable in that Contract Year (“Network Rail Payments”); c. a calculation showing the difference between the Train Operator Payments and the Network Rail Payments or the Network Rail Payments and the Train Operator Payments (as the case may be) (“Balancing Amount”). 6.3 Where the Train Operator serves a Schedule 8 Notice, within 28 days of the date of that Schedule 8 Notice, Network Rail shall provide to the Train Operator the statements and calculation referred to in paragraph‌
View Source

Related to Payment for Delay

  • PAYMENT FOR WORK The H-GAC Customer is responsible for making payment to the Contractor upon delivery and acceptance of the goods or completion of the services and submission of the subsequent invoice.

  • Payment for Overtime 1. Except as provided in 2.C.3., below, overtime shall be compensated at one and one-half (1 1/2) times the regular rate. 2. Except as provided in 2.C.3., below, for all regular, limited-term and probationary employees, overtime may be converted to compensatory time or paid for at the option of the agency/department. Consideration shall be given to effectuating the wishes of employees. The maximum number of CTO hours which may be accrued by any employee is eighty (80). If an employee accrues 80 hours of CTO, he/she cannot accrue additional CTO until he/she uses some of the hours in his/her bank; instead, employees will be paid for all overtime work performed in excess of that amount. 3. Overtime hours worked by extra help employees shall be paid. 4. Compensatory time earned and accrued by an employee in excess of thirty-two (32) hours may be scheduled off for an employee by his or her agency/department; however, consideration shall be given to effectuating the wishes of those employees requesting specific compensatory time off periods. 5. No scheduled compensatory time off will be cancelled except in cases of emergency. 6. In no case may an employee's work schedule be changed during the workweek when the purpose of such change is to avoid overtime compensation. 7. Time worked as overtime shall not be used to earn fringe benefits or to serve out probation or merit increase periods. Compensatory time off may be used as part of the established workweek to earn fringe benefits and to serve out probationary and merit increase periods. 8. An employee separating from the County service shall be paid for accumulated compensatory time in a lump sum payment.

  • Payment for TIPS Sales TIPS Members may make payments for TIPS Sales directly to Vendor, Vendor’s Authorized Reseller, or as otherwise agreed to in the applicable Supplemental Agreement after receipt of the invoice and in compliance with applicable payment statutes. Regardless of how payment is issued or received for a TIPS Sale, Vendor is responsible for all reporting and TIPS Administration Fee payment requirements as stated herein.

  • Payment for Working Overtime (a) For all work done outside ordinary hours, the rates of pay will be time and a half for the first two hours and double time thereafter. (b) Except as provided in clause 8.4, in computing overtime each day’s work will stand alone. (c) To avoid doubt, overtime provisions for shift workers are contained in clause 10.7.

  • Payment for Improvements If payment is made directly to contractors, Tenant shall (i) comply with Landlord's requirements for final lien releases and waivers in connection with Tenant's payment for work to contractors, and (ii) sign Landlord's standard contractor's rules and regulations. If Tenant orders any work directly from Landlord, Tenant shall pay to Landlord an amount equal to five percent of the cost of such work to compensate Landlord for all overhead, general conditions, fees and other costs and expenses arising from Landlord's involvement with such work. If Tenant does not order any work directly from Landlord, Tenant shall reimburse Landlord for Landlord's reasonable, actual, out-of-pocket costs and expenses actually incurred in connection with Landlord's review of such work.