Schedule for Payment Clause Samples

The 'Schedule for Payment' clause defines the timing and amounts of payments to be made under a contract. It typically outlines when invoices should be submitted, the intervals or milestones at which payments are due, and any conditions that must be met before payment is released, such as completion of specific project phases or delivery of goods. This clause ensures both parties have a clear understanding of financial expectations and obligations, reducing the risk of disputes over payment timing and helping to manage cash flow throughout the contract term.
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Schedule for Payment. Consultant shall be paid based on the achievement of milestones, in accordance with Exhibit A, attached hereto and incorporated herein by reference. Upon achievement of each milestone, Consultant shall submit an Application for Payment with appropriate back-up documentation. Undisputed payments owed shall be paid by Owner within thirty (30) days of receipt of a complete Application for Payment. Applications for Payment shall be submitted in detail sufficient to allow a proper pre-audit and post-audit thereof.
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Schedule for Payment. At the time of the delivery of the Estimated Closing Adjustment, CES shall deliver to Parent and the Exchange Agent a schedule showing (i) the number of shares of Company Common Stock to be outstanding immediately prior to the Effective Time (including shares under Restricted Stock Agreements that will be vested upon the consummation of the Merger) and the holders thereof, (ii) the number of shares of Company Common Stock subject to Company Common Stock Options that will be terminated at the Effective Time in exchange for payments pursuant to Section 8.08 and the holders thereof, (iii) the allocation of the Purchase Price (before adjustment pursuant to Section 3.01(b)) among such holders and (iv) the amounts due to all such holders pursuant to Section 8.08(a). Such schedule shall be binding upon all holders of Company Common Stock and all holders of Company Stock Options.
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Schedule for Payment. City agrees to pay Contractor within 30 days of receipt of the monthly invoice; provided, however, that services are completed to the City’s full satisfaction.
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Schedule for Payment. The Gross-Up Payment calculated pursuant to Articles 12.2 and 12.3 shall be paid no later than 30 days following an event occurring which subjects the Executive to the Excise Tax; provided, however, if the amount of each Gross Up Payment or portion thereof cannot be reasonably determined on or before such day, the Corporation shall pay to the Executive the amount of the Gross-Up Payment no later than 10 days following the determination of the Gross-Up Payments by the Accountants.
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Schedule for Payment. City agrees to pay Consultant within (30) days of the City's receipt and approval of the monthly invoice; provided, however, that that services are completed to the City's reasonable satisfaction and there is no dispute over the amount.
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Schedule for Payment. The Client shall pay the Service Fee in relation to each of the Area in two installments as follows:
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Schedule for Payment. At the same time as the sales report, as described in the preceding paragraph, is sent to shall pay to the writers the royalties covering the period identified in the preceding paragraph for each writer. The writer’s cheque will be accompanied by an explanatory document containing at least the following information: the title of the program; gross revenue to the pro-rata share due to the writer; the total amount paid to the writer; the name of the distributor, the country and the market involved; the length of the purchaser’s use.
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Schedule for Payment. The District of Residence agrees to pay to the District of Attendance the annual tuition for the Student in two installments, one half on or before January 31, 2021 and one half on or before June 30, 2021. If the Student exits the program mid-year, a pro- rated tuition will apply.
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Related to Schedule for Payment

  • Time for Payment Interconnection Customer must provide the additional Security, in a form and with terms as required by Section 212.4, within 15 days after its receipt of Transmission Provider’s notice under this section. The requirement for additional Security under this section shall be treated as a milestone included in the Interconnection Service Agreement pursuant to Section 212.5.

  • Basis for Payment DFPS is not obligated to pay unauthorized costs or to pay more than Grantee’s allowable and incurred costs consistent with 45 Code of Federal Regulations (CFR) 75, Subpart E (Cost Principles). Grantee is responsible for submitting invoices in an accurate and timely manner for each service period and for notifying DFPS of a need to expedite payment. DFPS will make reasonable efforts to process all bills received in an accurate and timely manner but does not warrant immediate payment.

  • Applications for Payment 9.3.1 At least ten days before the date for each progress payment established in the State- Contractor Agreement, the Contractor shall submit to the Architect an itemized Application for Payment, notarized if required, supported by such data substantiating the Contractor's right to payment as the State or the Architect may require. The application for payment must, at a minimum, reflect retainage and the required waivers of lien and any other support documentation enumerated elsewhere in the Contract Documents. 9.3.2 Unless otherwise provided in the Contract Documents, payments will be made on account of materials or equipment not incorporated in the Work but delivered and suitably stored at the site and, if approved in advance by the State, payments may similarly be made for materials or equipment suitably stored at some other location agreed upon in writing. Payments for materials or equipment stored on or off the site shall be conditioned upon submission by the Contractor of bills of sale or such other procedures satisfactory to the State to establish the State's title to such materials or equipment or otherwise protect the State's interest, including applicable insurance and transportation to the site for those materials and equipment stored off the site. 9.3.3 The Contractor warrants that title to all Work, materials and equipment covered by an Application for Payment will pass to the State either by incorporation in the construction or upon the receipt of payment by the Contractor, whichever occurs first, free and clear of all liens, claims, security interests or encumbrances, hereinafter referred to in this Article 9 as "liens"; and that no Work, materials or equipment covered by an Application for Payment will have been acquired by the Contractor, or by any other person performing Work at the site or furnishing materials and equipment for the Project, subject to an agreement under which an interest therein or an encumbrance thereon is retained by the seller or otherwise imposed by the Contractor or such other person.