Availability Payment Invoicing Sample Clauses

Availability Payment Invoicing. 10.2.3.1 The Availability Payments shall be payable in Quarterly Payments. The Availability Payment for any partial Quarter shall be prorated. IFA shall pay Developer a Quarterly Payment within 45 days after IFA receives a proper invoice for the applicable Quarter that meets the requirements of this Section 10.2.3. The 45 day period within which to make payment of a Quarterly Payment shall not begin until Developer submits and IFA receives a proper invoice therefor in accordance with this Section 10.2.3. 10.2.3.2 Developer shall submit the invoice no earlier than two and no later than 45 days after the end of the prior Quarter. The invoice must set forth the amount and calculation of the Quarterly Payment due, including the calculation of the Quarterly Payment a. The calculation of the actual Availability Payment earned during the prior Quarter using the methodology set forth in Exhibit 10 (Payment Mechanism) for determining the Quarterly Payment Adjustment; b. A description of any Unavailability Events, including the date and time of occurrence and duration; c. A description of any Noncompliance Events; d. Any adjustments to reflect previous over-payments and/or under- payments; owed; and e. A detailed calculation of any interest payable in respect of any amounts f. Any other amount due and payable from Developer to IFA or from IFA to Developer under this Agreement, including deductions IFA is entitled to make under Section 6.13.2.1 (quarterly Handback Requirements Reserve Account deposit) and Section 11.5 (Noncompliance Points). 10.2.3.3 IFA shall return any invoices that are incomplete and/or incorrect in any material respect to Developer for correction and resubmission. 10.2.3.4 IFA will verify the amount of each Quarterly Payment by (a) examining the invoice for the applicable Quarter, (b) verifying the results reported therein by Developer, including through IFA’s independent oversight and auditing process, and (c) reconciling the actual Quarterly Payment earned and any other amount due and payable from Developer to IFA or from IFA to Developer under this Agreement. 10.2.3.5 IFA shall not be required to pay any quarterly invoice if Developer has failed to file the reports required to be filed for that Quarter as required by Section 22.1.9 of the Technical Provisions, unless and until the required reports are filed. If it is determined that any quarterly report required to be filed pursuant to Section 22.1.9 of the Technical Provisions is inaccurate, ...
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Related to Availability Payment Invoicing

  • Payment Invoicing The Contractor will be paid upon submission of invoices to the Customer after delivery and acceptance of commodities or contractual services is confirmed by the Customer. Invoices must contain sufficient detail for an audit and contain the Contract Number and the Contractor’s Federal Employer Identification Number.

  • Payment and Invoicing As full consideration for the performance of the Services, delivery of the Goods and the assignment of rights to Apple as provided in this Agreement, Apple shall pay Seller (i) the amount agreed upon and specified in the applicable PO, or (ii) Seller's quoted price on date of shipment (for Goods), or the date Services were started (for Services), whichever is lower; provided that if the designated destination for Goods is a Hub (as defined above) Apple shall pay Seller (a) the amount agreed upon and specified in the applicable PO, or (b) Seller's quoted price on the date such goods are physically delivered to Apple and withdrawn from the Hub, whichever is lower. Applicable taxes and other charges such as shipping costs, duties, customs, tariffs, imposts, and government imposed surcharges shall be stated separately on Seller's invoice. Payment by cheque is made when Apple's payment is mailed and payment by bank transfer is made when the funds leave Apple's bank account. Payment shall not constitute acceptance of the Goods or Services. All duties, taxes, copyright levies, environmental levies, or any other levies assessable upon the Goods prior to receipt by Apple of Goods conforming to the PO shall be borne by Seller. Seller shall invoice Apple for all Goods delivered and all Services actually performed. Each invoice submitted by Seller must be provided to Apple within ninety (90) days of completion of the Services or delivery of Goods or as otherwise agreed or specified in the PO and must reference the applicable PO, and Apple reserves the right to return all incorrect invoices. Apple will receive a 2% discount of the invoiced amount for all invoices that are submitted more than ninety (90) days after completion of the Services or delivery of the Goods. Unless otherwise specified on the face of a PO, Apple shall pay the invoiced amount within forty-five (45) days after receipt of an undisputed invoice. Seller shall send only one original invoice to Apple Accounts Payable Department. Seller will receive no royalty or other remuneration on the production or distribution of any products developed by Apple or Seller in connection with or based on the Goods or Services provided. To the extent that any intellectual property subsists in the Goods or Services that does not constitute Work Product as defined below, Seller hereby grants to Apple and warrants that it is entitled to grant to Apple a royalty free, perpetual, irrevocable licence (with the right to sub-licence) any such intellectual property.

  • Payment – Invoicing Instructions The Contractor will provide an invoice on the Contractor’s letterhead for goods delivered and/or services rendered. In the case of goods, the Contractor will leave an invoice with each delivery. Each invoice will have a number and will include the following information: A. Contractor’s name and address B. Contractor’s remittance address, if different from A above C. Contractor’s Taxpayer ID Number

  • Undrawn Availability After giving effect to the initial Advances hereunder, Borrowers shall have Undrawn Availability of at least $10,000,000;

  • Unused Revolving Line Facility Fee A fee (the “Unused Revolving Line Facility Fee”), payable quarterly, in arrears, on a calendar year basis, in an amount equal to one quarter of one percent (0.25%) per annum of the average unused portion of the Revolving Line, as determined by Bank. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement or the suspension or termination of Bank’s obligation to make loans and advances hereunder; and