Service Contract Payments Sample Clauses

The Service Contract Payments clause defines the terms and conditions under which payments are made for services rendered under a contract. It typically outlines the payment schedule, acceptable methods of payment, and any requirements for invoicing or documentation before payment is issued. For example, it may specify that payments are due monthly upon receipt of an invoice, or that certain milestones must be met before payment is released. The core function of this clause is to ensure both parties have a clear understanding of when and how payments will be made, thereby reducing the risk of disputes and ensuring smooth financial transactions throughout the contract term.
Service Contract Payments. At least 10 Business Days prior to Closing, Contributors shall estimate the amount of expenses due under any Service Contracts and shall provide same to TRT. All payments made under any Service Contracts assumed by the Joint Venture or an LLC Subsidiary at Closing shall be prorated as of the Closing Date. Any payment due and owing under any Service Contract that are allocable to both periods ending on the day before the Closing Date and periods beginning as of the Closing Date but that has not been made as of the Closing Date shall be prorated on a post-closing basis at the time the payment is actually made (provided, that payments made after the Closing Date for which the Joint Venture or any LLC Subsidiary has received reimbursement from Tenants under Space Leases shall not be prorated to the extent of such reimbursement). Following the Closing, and in any event, within 90 days of the Closing, Contributors shall provide TRT with a final reconciliation showing all payments made under the Services Contracts and any payments made to or from Contributors in reconciliation of same.
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Service Contract Payments. All payments due or made under any Service Contracts accepted by Purchaser in accordance with the provisions hereof shall be prorated as of such Residence Closing Date and the portion thereof allocable to periods beginning with such Residence Closing Date shall be charged to Purchaser at such Residence Closing, and any amounts due under the Service Contracts allocable to periods prior to such Residence Closing Date shall be charged to Seller at such Residence Closing.
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Service Contract Payments. All payments due or made under any Service Contracts that Purchaser has agreed to assume in writing prior to the expiration of the Due Diligence Period shall be prorated on a per diem basis as of the Closing Date.
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Service Contract Payments. All payments due or owing under any Service Contracts assumed by Venture Five at Closing shall be prorated as of the Closing Proration Time. The blanket insurance policies for casualty coverages shall not be assumed by Venture Five, and such blanket insurance policies for casualty coverages shall not be prorated as of the Closing Proration Time, and if Cousins elects to continue such coverages, such coverages shall be at the sole cost and expense of Cousins.
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Related to Service Contract Payments

  • Contract Payments Payments cannot be processed by Authorized Users until the Vehicles have been delivered and accepted in accordance with Section III.3

  • Contract Payment This Contract shall not exceed Insert contract amount here which shall be paid by DEO in consideration for Contractor’s provision of goods and/or services as set forth by the terms and conditions of this Contract. The State of Florida and DEO’s performance and obligation to pay under this Contract is contingent upon an annual appropriation by the Legislature and availability of any and all applicable federal funds. DEO shall be the final authority as to the availability of funds for this Contract, and as to what constitutes an “annual appropriation” of funds to complete this Contract. If such funds are not appropriated or available for the Contract purpose, such event will not constitute a default on DEO or the State. DEO agrees to notify Contractor in writing at the earliest possible time if funds are not appropriated or available. The cost for services rendered under any other Contract or to be paid from any other source is not eligible for reimbursement under this Contract.

  • Service Contract The Parties intend this Agreement to be a “service contract” within the meaning of Section 7701(e)(3) of the Internal Revenue Code of 1986. Purchaser will not take the position on any tax return or in any other filings suggesting that it is anything other than a purchase of electricity from the System.

  • CONTRACT CHARGES The Contract Charges for the Services shall be structured using any of the following pricing mechanisms (as may be agreed by the Parties and set out in an SOW); Capped Time and Materials; Price per Story; Time and Materials; Fixed Price (to be used only for Services that are ancillary to software development services); or using such other pricing mechanism or combination of pricing mechanism thereof as may be agreed by the Parties. In consideration of the Supplier’s performance of its obligations under this Contract and in consideration of the specific services that are set out in an applicable SOW, the Customer shall pay the undisputed Contract Charges in accordance with the relevant SOW for the Release and the payment provisions set out at Clause 14 (Payment and VAT). The Customer shall, in addition to the Contract Charges and following delivery by the Supplier of an Invoice, pay the Supplier a sum equal to the VAT chargeable on the value of the Services supplied in accordance with this Contract. If at any time during this Contract Period the Supplier reduces its framework Prices for any Services which are provided under the framework Agreement (whether or not such Services are offered in a catalogue (if any) which is provided under the framework Agreement) in accordance with the terms of the framework Agreement, the Supplier shall immediately reduce the Contract Charges for such Services under this Contract by the same amount. The Supplier shall in any event ensure that the Contract Charges are at all times compliant and consistent with the charging structure set out in framework Schedule 8 (Charging Structure) and do not exceed the prices set out therein. Contract Charges:

  • Tax Service Contract Each Mortgage Loan is covered by a paid in full, life of loan, tax service contract issued by First American Real Estate Tax Service, and such contract is transferable;