Common use of Milestone Payment Basis Clause in Contracts

Milestone Payment Basis. 26.1 Where the applicable payment mechanism is "Milestone Payment", invoices shall be submitted for the amounts indicated in Section 5 as and when the relevant milestone is achieved in its final form by the Supplier or following completion of the Services, as the case may be, indicating both the amount or amounts due at the time and cumulatively. 26.2 Payments pursuant to clause 29.1 are subject to the satisfaction of the Project Officer in relation to the performance by the Supplier of its obligations under the Contract and to verification by the Project Officer that all prior payments made to the Supplier under this Contract were properly due.

Milestone Payment Basis. 26.1 Where the applicable payment mechanism is "Milestone Payment", invoices shall be submitted for the amounts indicated in Section 5 as and when the relevant milestone is achieved in its final form by the Supplier or following completion of the Services, as the case may be, indicating both the amount or amounts due at the time and cumulatively. 26.2 Payments pursuant to clause 29.1 26.1 are subject to the satisfaction of the Project Officer in relation to the performance by the Supplier of its obligations under the Contract and to verification by the Project Officer that all prior payments made to the Supplier under this Contract were properly due.

Milestone Payment Basis. 26.1 Where the applicable payment mechanism is "Milestone Payment", invoices shall be submitted semi-annually for the amounts indicated in Section 5 as and when the relevant milestone is achieved in its final form by the Supplier or following completion of the Services, as the case may be, indicating both the amount or amounts due at the time and cumulatively. 26.2 Payments pursuant to clause 29.1 are subject to the satisfaction of the Project Officer in relation to the performance by the Supplier of its obligations under the Contract and to verification by the Project Officer that all prior payments made to the Supplier under this Contract were properly due.