Payment Terms & Conditions Sample Clauses

Payment Terms & Conditions. 4.1 The Lessee shall have to pay or reimburse to SPIA (GPCL) ( Lessor ) Annual Lease Rent of Rs.10000 (Rupees fifteen thousand only) per Ha for the year 2018-19. There shall be 15% increment in every three years, as to be decided by DSIRA, from time to time 4.2 Land Lease Rate mention above is basic rate and exclusive of any taxes, GST, cess or other govt. Charges. 4.3 Lease rent for the entire solar park shall be paid by GPCL to DSIRA. Subsequently Lease Rent Shall be levied based on pro-rata of Land Allocation , irrespective of actual utilisation of land, 4.4 Lessor shall provide for the land physically handed over to ▇▇▇▇▇▇’s possession free of any encumbrances, for implementation of MWp SPV based Power Project at Dholera SIR Ultra Mega Solar Park (5000 MW), in Ahmedabad District of State of .Gujarat 4.5 Annual lease rent for the first financial year shall be payable on prorate basis on or before signing of this agreement. For subsequent period, lease rent shall be payable on or before 30th April at the beginning of each financial year. Service tax and all other taxes, duties, cess and other Government levies applicable on such transaction shall be reimbursed to the SPPD by the SPD within 15 days from the date of issue of bill by SPPD. 4.6 Lease rent shall be levied from the date as mentioned in ISA 4.7 GPCL shall levy administrative Charges towards lease rent as mentioned in ISA executed between SPD and GPCL 4.8 Taxes & Duties

Payment Terms & Conditions. The Lessee shall pay Annual Lease Rent of Rs.1000 (Rupees one thousand only) per acre (@ 5 acres per MW is alloted to Lessee and annual lease rent is calculated considering 5 acres per MW irrespective of actual utilisation of land) to Lessor for the land physically handed over to Lessee’s possession free of any encumbrances, for implementation of ....... MWp SPV based Power Project at Kadapa Ultra Mega Solar Park (1000 MW), in Kadapa District of State of Andhra Pradesh. Annual lease rent for the first financial year shall be payable on prorata basis on or before signing of this agreement. For subsequent period, lease rent shall be payable on or before 30th April at the beginning of each financial year. Service tax and all other taxes, duties, cess and other Government levies applicable on such transaction shall be reimbursed to the SPPD by the SPD within 15 days from the date of issue of ▇▇▇▇ by SPPD. Lessee shall be responsible for payment of all Taxes & Duties arising from Lessee’s operation of the power plant. If payment of annual lease rent or any other supplementary ▇▇▇▇ in respect of tax etc is delayed beyond their due date, Lessee shall pay interest at the rate of 18% per annum for the delayed period. If the payment is delayed beyond 30 days from the due date of payment, Lessor shall present the LC, established by Lessee as per the Clause 5.0, in the Bank to draw the amount.

Payment Terms & Conditions. 1. The Contractor will be wholly and exclusively responsible for payment of wages to the persons engaged by it in compliance of all the statutory obligations under all related legislations as applicable to it from time to time and IWAI shall not incur any liability for any expenditure whatsoever on the persons employed by the Contractor on account of any obligation. The Contractor will require providing particulars of EPF, ESI of its employees engaged in this office. The Contractor shall comply all statutory provisions of law, rules and regulations of Act and keep ▇▇▇▇ informed about any amendment in the law from time to time. In the event any liability in relation to wages of the personnel employed on IWAI, ▇▇▇▇ shall be entitled to adjust the same in the payment to be made to the Contractor in the subsequent month. 2. Contractor shall also compensate all Personnel with overtime dues and allow rest hours as per applicable laws. Details of the same shall also be provided by the Contractor to the Owner. 3. The Contractor shall raise the bill, in triplicate, along with attendance sheet of actual manpower deployed duly verified by the Technical Coordinator from IWAI in respect of the persons deployed and submit the same to Vice Chairman, IWAI, A-13, Sector-1, Noida – 201 301 in the first week of the succeeding month. The bill, in proper form, must be duly accompanied by details of work carried out in that month and shall also be accompanied with the details of ESI & EPF deposit slip for the previous month. 4. The claims in bills regarding Employees State Insurance, Provident Fund etc. shall be necessarily accompanied with the documentary proof pertaining to the concerned month bill. A requisite portion of the bill/whole of the bill amount will be held up till such proof is furnished. 5. Payments to the Contractor would be strictly on certification by the Chief Lock Officer. 6. Bidders shall share per month remuneration rates for each personnel and submit the same along with its bid in format given in Form Fin-3 in section V of this document. Payments shall be made at the rates quoted in Form Fin-3 for each month during the 3 (three) year period and no escalation shall be applied over it. 7. In the event that the Contractor is awarded a time extension beyond 3 (three) years, monthly payments shall be made at an y-o-y cost escalation of 5% over monthly remuneration rates quoted by Bidder in Form Fin-3.

Payment Terms & Conditions. 4.1 The Lessee shall pay Annual Lease Rent per acre as specified in Schedule “2”(@

Payment Terms & Conditions. BSFC agrees to pay BSMI as follows for product orders: a) Net thirty (30) days upon receipt of order for all orders in which BSFC has received payment. BSMI and BSFC shall share equally in any non-payment of orders by Franchisees, Dealers or Distributors.

Payment Terms & Conditions. 2.6.1 Invoices shall be submitted to station manager as per Air line Specification on monthly basis with full supporting documents and complete in all respects. Each ▇▇▇▇ is to be submitted within 10 days of the last date of the 30 days period of reckoning. For AI Express flights separate ▇▇▇▇ to be drawn in the name of Air India express. Payment shall be made by the said Air line within 45 days of the receipt of invoices. The payment will be made through ECS/ RTGS and caterer must provide the bank details (Bank mandate form/cancelled cheque) along with the technical bid. In the event of any discrepancies regarding invoices, the same shall be brought to the caterer by the certifying / paying authority. The Air line reserves the right to defer payment until the same is resolved. Deferment of payment as aforesaid will not dis entitle the Air line to the discount, if any. Regularization will be carried out via-debit/credit notes. 2.6.2 In respect of disputed amount, sufficient amount relating to the charges under dispute will be retained and the remaining amount will be paid within the stipulated period. 2.6.3 The Caterer shall, undertake and provide such other functions, services, etc. (not included in the foregoing clauses) as are customarily allied to Catering/Cabin Services of the Air line and as may be called upon to do so by the Catering/Cabin Services of the Air line from time to time.

Payment Terms & Conditions. 4.1 The Lessee shall pay Annual Lease Rent as specified in Schedule “2” (@ 5 acres per MWAC is allotted to Lessee and annual lease rent is calculated considering 5 acres per MWAC irrespective of actual utilization of land) to Lessor for the land physically handed over to Lessee’s possession free of any encumbrances, for implementation of 50 MWAC SPV based Power Project at 2000 MWAC Pavagada Ultra Mega Solar Park, in Tumkur District of State of Karnataka. 4.2 The SPDs shall have to reimburse KSPDCL, the annual lease rent forth years 2015- 16, 2016-17 and2017-18) along with interest at SBI Prime Lending Rate at the time of signing LSA OR in three (3) equal installments as follows: a. The first installment shall be paid in the month of April 2019 ; b. The second installment shall be paid in the month of April 2020; and c. The third installment shall be paid in the month of April 2021. 4.3 Taxes & Duties 4.4 Lessee shall be responsible for payment of all Taxes & Duties from time to time arising from Lessee’s operation of the power plant. 4.5 Penalty for Delayed Payment If payment of annual lease rent or any other supplementary ▇▇▇▇ in respect of tax etc. is delayed beyond their due date, Lessee shall pay interest at the rate of 24% per annum for the delayed period. If the payment is delayed beyond 30 days from the due date of payment, Lessor shall present the LC established by Lessee as per the Clause 5.0, in the Bank to draw the amount.

Payment Terms & Conditions. 4.1 The Lessee shall pay Annual Lease Rent per acre as specified in Schedule “2”(@ 5 acres per MW is allotted to Lessee and annual lease rent is calculated considering 5 acres per MW irrespective of actual utilisation of land) to Lessor for the land physically handed over to Lessee’s possession free of any encumbrances, for implementation of ...

Payment Terms & Conditions. Fees which are paid in full are invoiced approximately 30 days prior to the annual renewal and payable by the renewal date.