Section 4. Payment Sample Clauses
Section 4 – Payment sets out the terms and conditions governing how and when payments must be made under the agreement. This clause typically details the payment schedule, acceptable methods of payment, invoicing procedures, and any applicable late fees or interest for overdue amounts. By clearly outlining the parties’ financial obligations, it helps prevent disputes over payment timing and amounts, ensuring both parties understand their responsibilities and reducing the risk of non-payment.
Section 4. Payment. The Purchase Price shall be due in full upon delivery and passage of acceptance testing by the City.
Section 4. Payment. Check the 1st box if University is not required to make any payments to Lender for the Check the 2nd box if University will pay Lender for the loan and fill in the total amount to be paid under the Agreement. Next, check either the 3rd or 4th box to provide whether payment will be made in a single payment (3rd box) or multiple payments (4th box.)
Section 4. Payment. Provided that proof of satisfactory completion and payment have been submitted to the Human Resources office within sixty (60) calendar days after the course has concluded, reimbursement will be made. Failure to file the necessary documentation in a timely manner shall result in a forfeiture of tuition reimbursement. No reimbursement shall be paid to any employee who is not employed in the bargaining unit at the time payment is due. If an employee leaves the employ of the Board within two (2) years of receiving tuition reimbursement under this provision, the employee shall be responsible for repaying the Board for any amounts received under this provision during that two (2) year time period. Those sums may be withheld from any wages due, which may not have yet been paid. The repayment provisions shall not apply if the employee leaves employment through termination, retirement or disability retirement.
Section 4. Payment. The Consultant agrees to perform all the work set forth in the “SCOPE OF WORK” Section of this Agreement for an amount not to exceed Total Written Out ($xx,xxxx), hereinafter referred to as the "Agreement Amount," unless modified by a written amendment to this Agreement. Such payment shall be full compensation for work performed and/or services rendered and for all supervision, labor, supplies, materials, equipment or use thereof, and for all other expenses and incidentals necessary to complete all the work. It is understood that this is a fixed amount and will not increase because of any difference between the estimated and actual costs of performing the work required by this Agreement. Payment will be based on the Consultant's (and any SubConsultant(s), if applicable) actual certified payroll rates.
Section 4. Payment. The Parties agree to modify Section 4 of the Agreement, as previously amended, to increase the not to exceed payment amount by $51,000.00 as follows: "LFUCG shall pay Organization a total amount not to exceed Four Hundred Six Thousand Dollars ($406,000.00) for the performance of the Services. Payments shall be made monthly for expenditures the Organization actually incurred, only after receipt of monthly invoices. The funds are limited to the services provided herein and may not be spent by the Organization for any other purpose without the prior written consent of LFUCG. Absent any additional written agreement stating otherwise any travel or other expenses are included in the above payment."
Section 4. Payment