Common use of Requisitions for Payment Clause in Contracts

Requisitions for Payment. The Academic Partner may make requisitions for payment as its work on the Project progresses, but not more often than once a month, in the form authorized by the Practitioner Partner on Schedule 1 to the Task Order. Such requisitions for payment shall set forth the services performed by the Academic Partner and the total amount of partial payment requested, which shall be further allocated amount among the Project budget items in the Task Order set forth pursuant to Section 3.4 (c) of this Consortium Contract. The Academic Partner shall submit the number of originals and copies of each requisition for payment as required on such Schedule 1.