G&A Payment Clause Samples
G&A Payment. Covered California shall make the Payment within 5 business days after the date that a commission is due and payable to Covered California Agent for the GA Group; provided however, no GA Payment shall be paid unless or until the agent of record is certified and appointed as a Covered California Agent.
(a) This Section 4.3 will remain in effect after termination of the Agreement, except as provided in Sections 13.2(b) and 13.4.
G&A Payment. In full consideration for the G&A Services provided by the Management Company, the Owner shall pay to the Management Company an amount equal to the G&A Payment (as defined below) per calendar month commencing on the Effective Date. The G&A Payment will be prorated for partial calendar months. The “G&A Payment” payable by the Owner shall be an amount equal to the following, as applicable:
G&A Payment. In full consideration for the G&A Services provided by the Management Company, the Owner shall pay to the Management Company an amount equal to five hundred thousand Dollars ($500,000) per calendar month commencing on the Effective Date (such monthly payment, the “G&A Payment”); provided that (a) the G&A Payment will be adjusted at the beginning of each fiscal quarter, commencing with the first fiscal quarter in 2010, by the Wage Estimate Factor (or, if applicable, will be increased by such amount as may be mutually agreed by the Parties after good faith negotiations), and (b) on the date of substantial completion of the Haynesville Expansion Project (as determined in accordance with the Pipeline Construction Contract), the G&A Payment (as of such date) shall be increased by fifty thousand Dollars ($50,000). The G&A Payment will be prorated for partial calendar months.