PROJECT COST REIMBURSEMENT Sample Clauses

PROJECT COST REIMBURSEMENT. (i) each request for a Project Cost Reimbursement shall be made pursuant to a Project Cost Reimbursement Request, duly completed and signed by Lessee and delivered to Lessor not later than the 20th day of each calendar month to which shall be attached, in each case, (i) a Project Cost Summary Sheet, and (ii) a Contractor's Certification; (ii) Project Cost Reimbursements shall be made by Lessor not more frequently than monthly, on or prior to the last Business Day of each calendar month, beginning on the last day of the calendar month containing the Closing Date, based on the Project Cost Reimbursement Request received (if any) by the 20th day of the current calendar month; (iii) Project Cost Reimbursements shall be requested in minimum amounts of $500,000; (iv) total Project Cost Reimbursements shall not at any time exceed Maximum Project Cost; (v) no Project Cost Reimbursements shall be made if any Default Condition or Event of Default then exists; (vi) if Lessee should obtain knowledge or notice that actual costs to acquire, install and equip the Project may or will exceed the Maximum Project Price, Lessee will notify Lessor in writing promptly thereafter, but in any event prior to its receipt of any further Project Cost Reimbursement and, thereafter, Lessor shall have the right, in its sole discretion, to limit the amount of its Project Cost Reimbursements or cause Lessee to absorb all or portions thereof; it being understood and agreed that Lessee shall be solely responsible for the payment of all Project Costs in excess of the Maximum Project Price; and (vii) Lessor reserves to itself the sole and absolute right to reject or approve, in whole or in part, any Project Cost Reimbursement Request.
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PROJECT COST REIMBURSEMENT. AGREEMENT NOT CANCELABLE; LESSEE'S OBLIGATIONS ABSOLUTE..........................................
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PROJECT COST REIMBURSEMENT. Within the later of thirty (30) days after receiving such a report and invoice from Biotronik in accordance with Section 6.2(a)(ii), or ninety (90) days after the end of the Project Quarter, Acutus shall pay Biotronik the amount owed by Acutus in accordance with Section 6.2(a)(ii). For clarity, Acutus shall not owe any payment under this Agreement beyond the Pre-Payment pursuant to Section 6.2(a)(i) (e.g., whether for Q2 or Q3 of Calendar Year 2021) until the full amount of the Pre-Payment has been credited toward the payments owed to Biotronik under this Section 6.2(a). The final payment by Acutus under this Section 6.2(a) shall be made within ninety (90) days following the second Calendar Quarter of Calendar Year 2023 (i.e., the last Project Quarter).
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Related to PROJECT COST REIMBURSEMENT

  • Cost Reimbursement This payment method is based on an approved budget and submission of a request for reimbursement of expenses ▇▇▇▇▇▇▇ has incurred at the time of the request;

  • Mileage Reimbursement A. Subject to the current Vehicle Rules and Regulations established by the Board, an employee who is authorized to use a private automobile in the performance of duties shall be reimbursed for each mile driven in the performance of his or her duties during each monthly period as follows: 1. Through December 31, 1994 the reimbursement rate shall be thirty-nine

  • Travel Expense Reimbursement Pricing for services provided under this Contract are exclusive of any travel expenses that may be incurred in the performance of those services. Travel expense reimbursement may include personal vehicle mileage or commercial coach transportation, hotel accommodations, parking and meals; provided, however, the amount of reimbursement by Customers shall not exceed the amounts authorized for state employees as adopted by each Customer; and provided, further, that all reimbursement rates shall not exceed the maximum rates established for state employees under the current State Travel Management Program (▇▇▇▇://▇▇▇.▇▇▇▇▇▇.▇▇▇▇▇.▇▇.▇▇/procurement/prog/stmp/). Travel time may not be included as part of the amounts payable by Customer for any services rendered under this Contract. The DIR administrative fee specified in Section 5 below is not applicable to travel expense reimbursement. Anticipated travel expenses must be pre-approved in writing by Customer.

  • Meal Reimbursement When an employee is specifically directed by the City to work two (2) hours or longer at the beginning or end of their normal work shift away from their place of residence of at least eight (8) hours or work two (2) hours or longer at the end of their work shift of at least eight (8) hours when the employee is called in to work on their regular day off, or otherwise works under circumstances for which meal reimbursement is authorized per Ordinance 111768 and the employee actually purchases a reasonably priced meal away from his place of residence as a result of such additional hours of work, the employee shall be reimbursed for the "reasonable cost" of such meal in accordance with Seattle Municipal Code (SMC) 4.20.

  • Expense Reimbursements To the extent that any reimbursements payable pursuant to this Agreement are subject to the provisions of Section 409A of the Code, any such reimbursements payable to Executive pursuant to this Agreement shall be paid to Executive no later than December 31 of the year following the year in which the expense was incurred, the amount of expenses reimbursed in one year shall not affect the amount eligible for reimbursement in any subsequent year, and Executive’s right to reimbursement under this Agreement will not be subject to liquidation or exchange for another benefit.