Payments Schedule Clause Samples
A payments schedule clause defines the timing and amounts of payments that must be made under a contract. It typically outlines when each payment is due, such as upon signing, at project milestones, or upon completion of specific deliverables, and may specify the method of payment. This clause ensures both parties have a clear understanding of financial obligations and deadlines, reducing the risk of disputes over payment timing and helping to manage cash flow throughout the contract term.
Payments Schedule. Payments for the term of the Contract will be made on an annual basis in accordance with the City’s General Contract Terms and Provisions. Payments for ad hoc purchases made throughout the year will be paid under standard Net 30 terms.
Payments Schedule. The price shall be paid as follows: 20% of the price plus £100 admin fee upon signature of the Booking Form; 50% of the price no later than 29th April 2016; 30% of the price no later than 10th June 2016. Invoices must be paid in full by the date(s) shown on the invoice. In the event that any payment is not received by the NWAA by the due date the Company shall be deemed to have cancelled the Contract and the Cancellation Charge detailed in clause 5 shall apply. Any additional costs incurred by the NWAA in relation to the Contract will be invoiced separately and should be paid no later than the due date shown on the invoice.
Payments Schedule. The payment schedule is directly linked to the relevant phases of the sub-project according to Guidelines for Applicants. The payment in each stage will be disbursed once all work related to a specific phase has received positive assessment, supported on the report submitted to the SynergistEIC team. The financial contribution will be made to the Beneficiary by the Coordinator. During the contractual procedure, the Beneficiary will be asked to provide the respective bank account information to which the payments will be made (as provided in Annex 2). The payment schedule (Figure 1) is linked to the successful completion of specified milestones and KPIs established by the Beneficiary in its project proposal, which will be evaluated through a report (deliverable) submitted to SynergistEIC at the end of each phase as identified in Guidelines for Applicants. Checking the consistency between the estimated costs and resources and the expected work of the project will also be included in the evaluation process. If requested, the Beneficiary will have to present any documentation for the costs claimed. Phase Duratio n Details Associated Reports Amount s Phase 1 Month 1 Set-up of the programme Work Plan + KPI establishment 70% Phase 2 Month 3-4 Mid-term check point Financial document package: signed contract including terms and conditions, list of services, deadlines and guarantees, invoices, payment confirmations, service delivery acts, contractor reports. User acquisition reports Revenue growth reports New pilot projects contracted Progress in product development reports Relevant certificates Patent applications submitted/received *for each applicant mights be different based on the KPIs set 30% Phase 3 Month 6 Finalisation of growth programme Financial document package: signed contract including terms and conditions, list of services, deadlines and guarantees, invoices, payment confirmations, service delivery acts, contractor reports. User acquisition reports Revenue growth reports New pilot projects contracted Progress in product development reports Relevant certificates Patent applications submitted/received *for each applicant mights be different based on the KPIs set N/A ● Figure 1: Payments schedule and associated reports The Beneficiary should submit to SynergistEIC the deliverable corresponding to each stage no later than ten (10) calendar days after the end of the respective stage, providing sufficient time for the SynergistEIC consortium to review it....
Payments Schedule. The payment schedule is directly linked to the relevant phase of the Project as per the Guidelines for Applicants (Annex 2). Expected date of payment Amount to be paid Linked phase April 2021 5,000€ (subject to the attendance to Datathon in Paris – end of Sprint 1) Phase 1 – EXPLORE
Payments Schedule. Support payments shall be made by PMC to CORIXA in four (4) quarterly payments of [***] in advance with the first payment to be made within fifteen (15) days of the Operational Date, and the other payments payable on the first day of each of the three (3) subsequent Calendar Quarters, followed by four (4) other quarterly payments of [***] payable on the first day of each of the following four (4) subsequent Calendar Quarters.
Payments Schedule. Payments for the full, three-year term of the Contract will be made annually, in three (3) separate installments, in accordance with the City’s General Contract Terms and Provisions. The initial installment shall be invoiced upon commencement of the Contract Term for one-third of the total annual commitment, which is anticipated to be invoiced in December 2020. Contractor shall issue subsequent invoices on an annual basis, accordingly. Payments for ad hoc purchases made throughout the year will be paid under standard Net 30 terms. If option years are exercised, payments will follow the same process.
Payments Schedule. The payment to the total gross amount will be paid after receiving of the complete documentation for payment. Payments are subject to the Contractor’s approval of report(s), and of the payment request(s). Approval does not mean recognition of compliance, authenticity, completeness, or correctness of content.
Payments Schedule. The payment schedule is directly linked to the on the dates the budget for the support of third parties will be available from EIT Manufacturing to RIS Industry 4.0
Payments Schedule. Service Description Currency Price Community Pharmacy Hypertension screening service Payment per Blood Pressure screen Payment per home Self Blood pressure monitoring service accepted by client £5.00 per test £30 per (HBPM) Claims for work undertaken in accordance with this specification should be submitted monthly via the PharmOutcomes platform. Community Pharmacy Hypertension screening service Monthly Standard Activity report via PharmOutcomes Submitted electronically via the PharmOutcomes on the 6th of the month
Payments Schedule. The payment schedule is directly linked to the relevant stages of the sub-project according to Annex 1 - Guidelines for Applicants. The payment in each Stage of Phase 1 to Phase 4, will be disbursed once the work related to a specific Stage has received positive assessment and against the evaluation of KPIs, based on the report submitted to the 6G-PATH team and respective review (Table 1). The financial contribution will be made to the Lead Beneficiary by INSTITUTO DE TELECOMUNICACOES (IT). During the contractual procedure, the Beneficiary will be asked to provide the respective bank account information to which the payments will be made (as provided in Annex 7).
Table 1. Tentative payment schedule for 6G-PATH – Open Call #1 funding programme – TRACK A Table 2. Tentative payment schedule for 6G-PATH – Open Call #1 funding programme – TRACK B