Common use of Reporting and Payment Clause in Contracts

Reporting and Payment. a. On a quarterly basis, Local Agency will provide SACOG with both a written report on the progress made on the Scope of Work (Exhibit “A”) and an invoice for reimbursement. Invoices for contractual work completed through June 30 of a fiscal year must be submitted by July 30. Local Agency shall submit written invoices by e-mail in to SACOG. Local Agency’s written progress report shall be completed as required by SACOG, and shall be for the periods ending March, June, September and December. Local Agency shall also provide a copy of Local Agency’s annual progress report that is submitted to HCD annually in April. b. Payments to Local Agency hereunder will be made in arrears. Local Agency will submit a detailed and properly documented invoice on its letterhead for reimbursement which invoice will include the following: (i) a description of the work performed, (ii) a detailed accounting of costs incurred, and (iii) evidence that Local Agency has already incurred costs for the Project. Attached as Exhibit A is SACOG’s matrix of required supporting documentation for Local Agency invoices. Invoices for expenditures incurred prior to January 1, 2021 will not be reimbursed. c. The Local Agency shall not be entitled to reimbursement of indirect costs unless a copy of an applicable, approved indirect cost plan has been received by SACOG prior to submittal of the first invoice from the Local Agency. Indirect cost rates shall be submitted annually in accordance with SACOG requirements. d. Local Agency will be notified within ten (10) business days following receipt of its invoice by SACOG of any circumstances or data identified by SACOG in Local Agency’s invoice that would cause withholding of approval and subsequent payment. Local Agency’s invoice will include documentation of reimbursable expenses and billed items sufficient for SACOG, in its opinion, to substantiate ▇▇▇▇▇▇▇▇. SACOG reserves the right to withhold payment of disputed amounts. Local Agency’s failure to comply with any of the reporting requirements in this Agreement may impact Local Agency’s ability to receive future REAP funds.

Reporting and Payment. a. On a quarterly basis, Local Agency (a) The Company (or its reporting agent) will provide SACOG Investor Parent or the relevant Investor Affiliate with both a written monthly report on the progress made on the Scope of Work (Exhibit “A”) and an invoice for reimbursement. Invoices for contractual work completed through June 30 of a fiscal year must be submitted by July 30. Local Agency shall submit written invoices by e-mail in to SACOG. Local Agency’s written progress report shall be completed as required by SACOG, and shall be for the periods ending March, June, September and December. Local Agency shall also provide a copy of Local Agency’s annual progress report that is submitted to HCD annually in April. b. Payments to Local Agency hereunder will be made in arrears. Local Agency will submit a detailed and properly documented invoice on its letterhead for reimbursement which invoice will include the following: listing (i) a description of the work performedall eLong Inventory room night stays completed in such month booked through Expedia Booking Channels, (ii) a detailed accounting of costs incurredeLong’s Revenue from such transactions, and (iii) evidence that Local Agency has already incurred costs if such monthly report covers the final month of a calendar quarter, an accounting of any Ancillary Hotel Revenue payable to Investor Parent or Investor Affiliates in such quarter. Investor Parent (or its reporting agent) will provide the Company or the relevant Company Affiliate with a monthly report listing (i) all Expedia Inventory room night stays completed in such month booked through the eLong Booking Channels, (ii) Expedia’s Revenue from such transactions, and (iii) if such monthly report covers the final month of a calendar quarter, an accounting of any Ancillary Hotel Revenue payable to Company or Company Affiliates in such quarter. The parties shall consult and agree on a separate, regular reporting and reconciliation procedure with respect to transactions for the Project. Attached which they act as Exhibit A is SACOGmerchant of record for other party’s matrix of required supporting documentation for Local Agency invoices. Invoices for expenditures incurred prior to January 1, 2021 will not be reimbursedHotel Inventory. c. The Local Agency (b) After review by the receiving party, the monthly reports will be used as the basis for calculation and payments of revenue sharing fees, or confirmation that no such fees are payable. Revenue sharing fees shall be paid no later than thirty (30) days after the end of the month for which the relevant stay was completed. (c) Recipients of revenue sharing fees will not be entitled to reimbursement of indirect costs unless a copy of an applicablesuch fees resulting from transactions that are subsequently cancelled, approved indirect cost plan has been refunded, charged back, disputed by the traveler, result from fraudulent or other unlawful activities, or for which payment is not received by SACOG prior (collectively, “Void Transactions”). The parties hereto respectively may deduct and offset any revenue sharing fees previously paid to submittal of the first invoice other party for such Void Transactions from the Local Agency. Indirect cost rates subsequent revenue sharing fees respectively owed to such party. (d) All sums payable pursuant to this Agreement shall be submitted annually inclusive of any Transaction Taxes imposed in connection with any such payment. The party receiving payments under this Agreement shall be entitled to deduct and withhold from any such payments any amounts with respect to taxes in accordance with SACOG requirementsapplicable law. The parties shall cooperate (including by providing any necessary documentation) to reduce or avoid any such deductions or withholdings to the fullest extent permitted by law. “Transaction Taxes” means sales or turnover tax in any country, including but not limited to sales tax, use tax, excise tax, value-added tax, goods and services tax, consumption tax, business tax and similar taxes and charges. d. Local Agency will be notified within ten (10) business days following receipt of its invoice by SACOG of any circumstances or data identified by SACOG in Local Agency’s invoice that would cause withholding of approval and subsequent payment. Local Agency’s invoice will include documentation of reimbursable expenses and billed items sufficient for SACOG, in its opinion, to substantiate ▇▇▇▇▇▇▇▇. SACOG reserves the right to withhold payment of disputed amounts. Local Agency’s failure to comply with any of the reporting requirements in this Agreement may impact Local Agency’s ability to receive future REAP funds.

Reporting and Payment. a. On a quarterly basis, Local Agency will provide SACOG with both a written report on the progress made on the Scope of Work (Exhibit “A”) and an invoice for reimbursement. Invoices for contractual work completed through June 30 of a fiscal year must be submitted by July 30. Local Agency shall submit written invoices by e-mail in to SACOG. Local Agency’s written progress report shall be completed as required by SACOG, and shall be for the periods ending March, June, September and December. Local Agency shall also provide a copy of Local Agency’s annual progress report that is submitted to HCD annually in April. b. Payments to Local Agency hereunder will be made in arrears. Local Agency will submit a detailed and properly documented invoice on its letterhead for reimbursement which invoice will include the following: (i) a description of the work performed, (ii) a detailed accounting of costs incurred, and (iii) evidence that Local Agency has already incurred costs for the Project. Attached as Exhibit A is SACOG’s matrix of required supporting documentation for Local Agency invoices. Invoices for expenditures incurred prior to January 1, 2021 will not be reimbursed. c. The Local Agency shall not be entitled to reimbursement of indirect costs unless a copy of an applicable, approved indirect cost plan has been received by SACOG prior to submittal of the first invoice from the Local Agency. Indirect cost rates shall be submitted annually in accordance with SACOG requirements. d. Local Agency will be notified within ten (10) business days following receipt of its invoice by SACOG of any circumstances or data identified by SACOG in Local Agency’s invoice that would cause withholding of approval and subsequent payment. Local Agency’s invoice will include documentation of reimbursable expenses and billed items sufficient for SACOG, in its opinion, to substantiate ▇▇▇▇▇▇▇▇. SACOG reserves the right to withhold payment of disputed amounts. Local Agency’s failure to comply with any of the reporting requirements in this Agreement may impact Local Agency’s ability to receive future REAP funds.