PAYMENT SCHEME Sample Clauses
The Payment Scheme clause defines the method and schedule by which payments will be made under the contract. It typically outlines the timing, amounts, and conditions for each payment, such as milestone achievements, delivery of goods or services, or periodic intervals. For example, payments might be due monthly, upon completion of specific project phases, or after receipt of an invoice. This clause ensures both parties have a clear understanding of financial obligations and helps prevent disputes over payment timing or amounts.
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PAYMENT SCHEME. 6.1. The Operator will pay to the Company by Direct Debit on the same day in the payment period set out in the Schedule, the Monthly Charge, VED or other service charges or fees due from time to time as specified in the Schedule. The first payment is to be paid on the signing of the Agreement.
6.2. In the event that the Operator's Direct Debit payment fails, the Company reserves the right to charge an administration fee of £25.00 for every occasion on which the Company is unsuccessful in a reasonable attempt to collect payment from the Operator.
6.3. In the event that the Operator requests a change to the Agreement, for example with regard to distance, operation, use, additions, uprates, downrates or any other change, the Company reserves the right to charge an administration fee of £25.00 for dealing with each such request.
6.4. Interest will be charged on any amount outstanding from 7 days after the date the same becomes due until payment at the rate of 4% per annum above Barclays Bank Plc's lending rate and such interest shall be due and recoverable from the Operator.
PAYMENT SCHEME. 1. The Netherlands will make annual financial contributions to the MUAC budget for the fixed costs established in accordance with Articles 2 and 3 of this contract.
2. The contributions will be payable in euros, and be paid in four instalments due on 20 January, 20 April, 20 July and 20 October of each year. For the year 2020, no call up will be made in January. The establishment costs will be called up on 20 April 2020 together with the relevant contributions of the approved budget. For the fourth quarter, the call-up will be based on the anticipated actual financial needs including the optional costs incurred by EUROCONTROL.
3. As of 2021, for the first three quarters of the year, the contributions of the approved budget will be called up. For the fourth quarter, the call-up will be based on the anticipated actual financial needs including the optional costs incurred by EUROCONTROL.
4. Any delay in the transfer of contributions due will give rise to the payment, by the Member State concerned, of interest on arrears, calculated on the basis of the euro rate. Each day's delay beyond 60 days after the date of despatch of the letter calling up contributions will be calculated as 1/360 of a year. The euro interest rate used will be that applicable to 3-month term deposits for the months referred to in paragraph 1 of this Article as published by the European Central Bank.
PAYMENT SCHEME. The awarded bidder shall issue an invoice for each based contract, provided that the supply has been considered by SENASA as compliant. The date of the invoice will necessarily be subsequent to the date of delivery of the totality of the order it arises from. The invoices will be submitted to the Maintenance and Operations Unit of SENASA, telematically, through following email address: ▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇. The price will be paid by SENASA, via bank transfer, with a maximum payment deadline of thirty
PAYMENT SCHEME. (1) In the best financial interests of all ILT partners, including INAF, the ILT, and ASTRON, the reimbursement scheme from INAF to the ILT for LOFAR2.0 Hardware must appropriately track the terms and conditions of the suppliers. During its negotiations with suppliers, ASTRON will consult with the ILT and INAF before agreeing the specific payment terms and conditions.
(2) The payment scheme for reimbursement by INAF to the ILT or its legal successor will be settled within 3 months of the signing of this agreement, taking into account INAF’s contribution, credits, and liquidity.
(3) The ILT or its legal successor will invoice INAF for the specific costs of rollout of LOFAR2.0 Hardware to its station(s) according to a payment scheme that will be agreed upon in the first quarter of 2023.
(4) Invoices issued by the ILT or its legal successor in accordance with the agreed payment schemes will be paid by INAF within 30 days of receiving them.
PAYMENT SCHEME. The Borrower’s payments shall firstly be used to defray interest due and expenses and secondly for repayment of the Loan Amount. Further sums paid by the Borrower shall be used to amortise the Loan Amount. Fees not falling due for payment shall be paid last. on the Loan to a third party without the Borrower’s consent. The Lender shall notify the Borrower as to the assignment, provided that the Lender has not undertaken to continue to perform the obligations in accordance with the Loan Agreement in future. communications shall be sent by e-mail to the e-mail address that is recorded by, or otherwise known to, the Lender. This includes any message regarding payment that is only sent to the Borrower via e-mail. Any registered letter about the Loan that the Lender sends to the Borrower will be regarded as being received by the Borrower no more than seven days after being sent to the address stated in the Loan Agreement, or to other address that is known to the Lender. Any e-mail message will be regarded as being duly received by the Borrower as indicated by the Lender’s acknowledgement of receipt or transmission report. The Borrower must, without prior request from the Lender, notify the Lender as to any changes of physical address, e-mail address and telephone number. As soon as possible, and within 30 days of the day on which the Borrower has sent the communication to the Lender with notice of termination of the Loan Agreement, the Borrower shall repay the Loan Amount, plus any accrued interest. Interest shall be paid from the day when the Borrower has access to the Loan Amount until the day on which it is repaid to the Lender. As soon as possible, and within 30 days of the date on which the Lender receives a communication with notice of termination from the Borrower, the Lender shall repay to the Borrower any fees relating to the Loan Agreement that are paid by the Borrower, except for any non-refundable official fees (any fee paid by the Lender to public administrative bodies) for which the Borrower shall reimburse the Lender. If the Borrower exercises his or her right of withdrawal, the Lender shall not be bound, by any associated agreement, to provide a service that is related to the Loan Agreement and that has been entered into in connection with the Loan Agreement, such as a loan guarantee for example. Disputes arising in connection with these General Terms and Conditions, the Specific Terms and Conditions, the Loan Agreement and all non- contractual l...
PAYMENT SCHEME. 6.1 The Operator shall promptly pay all fees and other amounts invoiced by the Company from time to time in accordance with this Agreement and in any event within the period required by this Agreement or as otherwise agreed in writing between the Company and the Operator.
6.2 The Operator shall pay in such manner as the Company may reasonably require, the monthly payments as specified in the Schedule under the heading Commencement Date and Charges as may be adjusted during the Contract Period under clause 8 of this Agreement (“Monthly Charges”). The first payment shall be due on the date specified in the Schedule with subsequent payments due monthly thereafter. If the due date for any payment is not a working day, the payment must be made on the following working day. The Monthly Charges are in addition to any other payments or other service charges or fees due from time to time under this Agreement.
6.3 All parts and components:
a. which are used to carry out Routine Maintenance shall be covered by the Monthly Charges and shall not be separately invoiced to the Operator;
b. which are used to carry out any Additional Work requested by the Operator shall be invoiced to the Operator at the Company’s list price as calculated by the Company.
6.4 Where the Operator requests any Work to be carried out by the Company:
a. on an urgent basis and that request is, at the sole discretion of the Company, accommodated, then the Operator will pay a separate charge over and above the Monthly Charges of an amount which the Company determines is reasonable to compensate the Company for the impact on its business or operations (or those of the Agent);
b. and the Operator fails to keep an appointment or fails to make the Machine available at the Machine Location or Work Premises (as applicable), then the Operator shall be liable for any costs incurred by the Company or the Agent as a result of such failure;
c. at a time or times which would result in the Company or the Agent being liable to pay overtime or penalty rates to any staff or contractors carrying out such Work, then the Operator shall pay the Company a separate charge over and above the Monthly Charges of an amount which the Company determines is reasonable to compensate the Company for the overtime or penalty rates so incurred.
6.5 Subject to clause 6.2, the Operator shall pay all fees and charges payable under this Agreement within 28 days of the date of the relevant invoice (other than the Monthly Charge, which s...
PAYMENT SCHEME. As soon as the Service is accomplished, the RESIST CMS Beneficiary pays the total invoice (in accordance with the offer) to the RESIST CMS Expert. The RESIST CMS Beneficiary provides the payment confirmation and the report of the implemented service to the RESIST Coordinator PVF. The RESIST CMS Beneficiary is entitled to lay an invoice to the RESIST Coordinator PVF, according to the grant awarded (max. 75% or 4.000/7.500€), The RESIST Coordinator PVF will transfer the granted financial support to the RESIST CMS Beneficiary within 30 days upon acceptance of the final report. Examples to this are listed in the Annex 2. Any payment will be made in EURO. No retroactivity of costs is accepted, a grant cannot be used to cover costs of an action/activities that took place before the date of submission of the proposal. Costs incurred for the implementation of the Assessment service /feasibility service must be used for the sole purpose of achieving the objectives of the service and its expected results, in a manner consistent with the principles of economy, efficiency and effectiveness. The RESIST CMS Beneficiary cannot claim and/or receive funding outside of RESIST for a similar purpose that could lead to a potential double funding of the same action. The following information should be indicated on the respective payment transaction support documentation: RESIST CMS Beneficiary name: __________________________________ Address: ___________________________________________________ VAT number: ___________________________________________________ Contract number: _____________________ Service name: Assessment/Feasibility2 Financial support Bank account details of RESIST CMS Beneficiary Name of accountholder: ___________________________________________ Name of Bank: _________________________________________________ Address of Bank: _________________________________________________ IBAN: _________________________________________________ BIC: _________________________________________________ SWIFT CODE: _________________________________________________
PAYMENT SCHEME. VISA and/or Mastercard, American Express and Diners and such other associations governing the issue and use of credit, debit, charge, purchase or any other cards or payment methods, as approved and notified by Cross Switch to Merchant in writing or on the Cross Switch website from time to time.
PAYMENT SCHEME. The Customer agrees to settle the Agency’s professional fee in Canadian Dollars either through a Bank Transfer or the Agency’s Stripe account.
PAYMENT SCHEME. The Customer agrees to settle the Agency’s professional fee in US Dollars either through a check made out to Chelsea Brosterhous or the Agency’s Stripe account which will be invoiced out on the 16th of March.