Volume Payments Clause Samples

The Volume Payments clause establishes a payment structure based on the quantity of goods or services purchased or delivered. Typically, this clause outlines thresholds or tiers where the price per unit may decrease as the volume increases, incentivizing larger orders or rewarding bulk purchases. Its core practical function is to encourage higher purchase volumes by offering financial benefits, while also providing clear terms for calculating payments based on actual quantities transacted.
Volume Payments. 12.2.1 In each Operational Year, the Public Partner shall make payments to the Private Partner for Services and Operations completed in each month of the Operational Year (the “Volume Payments”). The Volume Payments shall be determined as follows: ∑VPq = IDq x PID, where IDq – the number of the relevant type of Identity Documents (as per Annex 3 of Technical Requirements) produced by the Private Partner in a month of the Operational Year, PID – the price (in AMD) of the relevant type of Identity Documents (as per the Winner’s Bid and ANNEX 2 (Prices for Identity Documents) of the Agreement) produced by the Private Partner in a month of the Operational Year. 12.2.2 In order to collect the Volume Payments, the Private Partner shall provide to the Public Partner until the fifth (5th) day of the actual month in which the Services and Operations are provided: 12.2.2.1 the amount of issued Identity Documents divided by type of the document and prices applied according to the Agreement for the previous month; 12.2.2.2 the requested amount of the Volume Payments for the previous month; 12.2.2.3 the amount of allocations from the Escrow Account and from the Public Partner directly, considering the available cash at the Escrow Account and the outstanding up-to-date debt due from the Public Partner. Until the fifteenth (15th) day of the next month, the Public Partner should approve the Volume Payments or provide substantiated objections to the calculation stated in this Clause 12.2.2 above. 12.2.3 The Public Partner shall ensure the transfer of the corresponding amount of the Volume Payments in AMD to the bank account of the Private Partner by: 12.2.3.1 approving the allocation of corresponding amount of the Volume Payments from the Escrow Account within available amounts accumulated at the Escrow Account; and 12.2.3.2 allocating the outstanding debt under the Volume Payments directly from the state budget, if the amount of the Volume Payments allocated from the Escrow Account under Clause 12. 2.3.1 is not enough to fulfill the obligations on the Volume Payments in full. 12.2.4 The Public Partner shall transfer the corresponding amount of the Volume Payments to the bank account of the Private Partner not later than the twentieth (20th) day of the month following the month for which the Volume Payments are made (the "Volume Payments Date"). In case of changes in the Private Partner’s account details for the Volume Payments, the Private Partner shall notify the Public ...
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Volume Payments 
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Related to Volume Payments

  • Overtime Payments Full-time and Part-time Employees

  • Annual Payments The Settling Distributors shall make eighteen (18) Annual Payments, each comprised of base and incentive payments as provided in this Section IV, as well as fifty percent (50%) of the amount of any Settlement Fund Administrator costs and fees that exceed the available interest accrued in the Settlement Fund as provided in Section V.C.5, and as determined by the Settlement Fund Administrator as set forth in this Agreement. 1. All data relevant to the determination of the Annual Payment and allocations to Settling States and their Participating Subdivisions listed on Exhibit G shall be submitted to the Settlement Fund Administrator no later than sixty (60) calendar days prior to the Payment Date for each Annual Payment. The Settlement Fund Administrator shall then determine the Annual Payment, the amount to be paid to each Settling State and its Participating Subdivisions included on Exhibit G, and the amount of any Settlement Fund Administrator costs and fees, all consistent with the provisions in Exhibit L, by: a. determining, for each Settling State, the amount of base and incentive payments to which the State is entitled by applying the criteria under Section IV.D, Section IV.

  • Income Payments (i) If Income is paid in respect of any Purchased Mortgage Loans during the term of a Transaction, such Income shall be the property of Buyer. Seller shall cause the Servicer to remit to the Collection Account all Income in accordance with the related Servicer Side Letter. Upon the occurrence and during the continuance of an Event of Default, within two (2) Business Days of receipt thereof, Seller shall, and shall cause the applicable Servicer to deposit such Income into the account set forth in Section 10(a) hereof. (ii) Notwithstanding any provision to the contrary in this Section 5, within two (2) Business Days after notification of receipt by Seller or Servicer of any prepayment of principal in full, with respect to a Purchased Mortgage Loan, Seller shall or shall cause Servicer to remit such amount directly to the Collection Account in accordance with the related Servicer Side Letter. Buyer shall immediately apply any such amount received to reduce the amount of the Repurchase Price due upon termination of the related Transaction and to the extent no Default or Event of Default has occurred and is continuing, shall promptly remit any excess to Seller; provided, that Buyer shall have no obligation to apply such payments in the event that it is unable to identify the Purchased Mortgage Loans to which such payments correspond. (iii) Provided that no Event of Default has occurred and is continuing, on each Price Differential Payment Date, Buyer shall remit all Income in the Collection Account with respect to the Purchased Mortgage Loans as follows: (A) first, to Buyer, in payment of any accrued and unpaid Price Differential to the extent not paid by Seller to Buyer pursuant to Section 5(b) hereof; (B) second, to Buyer, in the order of priority as determined in accordance with Section 4, in reduction of the Repurchase Price of any liquidation, pay-off or repurchase of any Purchased Mortgage Loan up to the amount advanced by Buyer; (C) third, without limiting the rights of Buyer under Section 7 hereof, to Buyer, in the amount of any unpaid Margin Deficit in excess of the Minimum Margin Threshold; (D) fourth, to the payment of all other Obligations then due and owing to Buyer; and (E) fifth, to, or at the direction of Seller, any remaining amounts. (iv) Notwithstanding the preceding provisions, if an Event of Default has occurred and is continuing, all funds received by Buyer pursuant to this Section 5 shall be applied to reduce Obligations as determined by Buyer in its sole discretion.

  • Installment Payments Notwithstanding Section 3.01, the Executive may elect by written notice to receive any payments due to him hereunder by way of periodic or installment payments.

  • Overtime Payment Full-time employees shall be paid at the rate of one and one-half times the employee's straight time hourly rate for all time worked outside of their normal work hours and/or work days up to sixteen (16) hours in a twenty-four (24) hour period. For hours worked in excess of sixteen (16) in a twenty-four (24) hour period, employees shall be paid double time. Employees who receive an unpaid lunch period and are not required to work at their work assignments during such period shall not have such time treated as hours worked for the purpose of computing overtime.