REQUIRED PAYMENT DATE. Payment will be made in accordance with the provisions of the California Prompt Payment Act, Government Code Section 927 et. seq. Unless expressly exempted by statute, the Act requires state agencies to pay properly submitted, undisputed invoices not more than 45 days after (i) the date of acceptance of Goods or performance of services; or (ii) receipt of an undisputed invoice, whichever is later.
REQUIRED PAYMENT DATE. Payment will be made in accordance with the provisions of the California Prompt Payment Act, Government Code Section 927 et seq. Unless expressly exempted by statute, the Act requires State agencies to pay properly submitted, undisputed invoices not more than 45 days after (i) the date of acceptance of goods or performance of Services; or (ii) receipt of an undisputed invoice, whichever is later. Non-State Customers shall be subject to a late payment fee if payment is issued after the late payment date. The late payment date shall be forty-five (45) calendar days after receipt of an undisputed invoice. The amount of the late payment fee shall be as set forth in Government Code Sections 927.6 and 927.7.
REQUIRED PAYMENT DATE. Payment will be made in accordance with the provisions of the Agreement for work completed through the date of invoice. HACSB will pay properly submitted, undisputed invoices not more than thirty (30) days after (i) the date of acceptance of goods or performance of services; or (ii) receipt of an undisputed invoice, whichever is later.
REQUIRED PAYMENT DATE. Invoices shall be due and payable within 30 days after the date of invoice, subject to any limitations or conditions precedent as may be set forth within the parties’ Contract or any applicable Project Order. Upon receipt of payment from OWNER of any invoice, the A/E shall remit payment to each and every subcontractor who performed any work or services that were the subject of such invoice, within the time periods required by Virginia Code Sec. 2.2-4354(1). The A/E shall include in each of its subcontracts a provision requiring each subcontractor to include or otherwise be subject to the same payment requirements, with respect to each lower-tier subcontractor.
REQUIRED PAYMENT DATE. Unless otherwise specified, payment will be made in accordance with Government Code Sections 927 et seq., as applicable. Payment shall not be due until the later of: (a) the date of acceptance of goods or performance of services; or (b) receipt of an accurate invoice.
REQUIRED PAYMENT DATE. Borrower shall make any necessary principal payments to Lender, on or before the applicable Required Payment Date, in order to reduce the unpaid principal balance to the required amount (the "Maximum Permitted Outstanding Principal Balance"), in the event collections from the Receivables Collateral (inclusive of those collections that are to be applied against the unpaid principal balance of the Loan on the last day of each calendar month pursuant to Section 2.7(a) hereof) have not been sufficient to reduce the maximum outstanding principal balance of the Loan to the Maximum Permitted Outstanding Principal Balance prior to or on the applicable Required Payment Date. Upon the expiration of the Borrowing Term, the principal balance of the Loan (inclusive of all unpaid Tranches) shall be calculated for purposes of calculating the Maximum Permitted Outstanding Principal Balance. Subsequent to the expiration of the Borrowing Term, the Maximum Permitted Outstanding Principal Balance on each Required Payment Date shall equal the respective percentages set forth below of the outstanding principal balance of the Loan (inclusive of all unpaid Tranches) at the expiration of the Borrowing Term.
REQUIRED PAYMENT DATE. Payment will be made in accordance with the provisions of the California Prompt Payment Act, Government Code section 927 et. seq. Unless expressly exempted by statute, the Act requires State agencies to pay properly submitted, undisputed invoices not more than forty-five (45) days after: the date of acceptance of Deliverables or performance of Services; or receipt of an undisputed invoice, whichever is later. TAXES: Unless otherwise required by law: the State of California is exempt from Federal excise taxes; and the State will only pay for any applicable State or local sales or use taxes on the services rendered or Goods supplied to the State pursuant to this Contract.
REQUIRED PAYMENT DATE. The AOC will not make any advance payment for Services. Payment will be made net sixty (60) days after the AOC’s receipt of a correct, itemized invoice for tasks or Deliverables accepted pursuant to the acceptance process provided in the Agreement. The AOC may withhold ten percent of each invoice until receipt of the final product. The amount of the withholding may depend upon the length of the project and the payment schedule provided in the Agreement.
REQUIRED PAYMENT DATE. Borrower shall make any necessary principal payments to Lender, on or before the applicable Required Payment Date, in order to reduce the unpaid principal balance to the required amount (the "Maximum Permitted Outstanding Principal Balance"), in the event collections from the Receivables Collateral (inclusive of those collections that are to be applied against unpaid principal balance of the Loan on the last day of each calendar month pursuant to Section 2.7(a) hereof) have not been sufficient to reduce the maximum outstanding principal balance of the Loan to the Maximum Permitted Outstanding Principal Balance prior to or on the applicable Required Payment Date. In the event of any conflict or inconsistency between the payment amounts set forth in the table below and the payment amounts as dictated by the "Maturity Date" definition, the payment amount set forth in the table below shall prevail: Required Payment Date Maximum Permitted Outstanding Principal Balance 10/31/11 $20,000,000 10/31/12 $15,890,000 10/31/13 $11,960,000 10/31/14 $7,940,000 10/31/15 $3,580,000 10/31/16 $440,000 10/31/17 $250,000
