Common use of Payment Date and Period Clause in Contracts

Payment Date and Period. Payments by FortisBC to the Municipality will be made on the first day of March of each year of the Agreement in respect of the amount received by FortisBC during that portion of the term of this Agreement which is in the immediately preceding calendar year. By way of example only, payment made on March 1, 2015 will be the amount received during the 2014 calendar year.

Payment Date and Period. Payments by FortisBC to the Municipality will be made on the first day of March of each year of the Agreement in respect of the amount received by FortisBC during that portion of the term of this Agreement which is in the immediately preceding calendar year. By way of example only, payment made on March 1, 2015 2018 will be the amount received during the 2014 2017 calendar year.

Payment Date and Period. Payments by FortisBC to the Municipality will be made on the first day of March of each year of the Agreement in respect of the amount received by FortisBC during that portion of the term of this Agreement which is in the immediately preceding calendar year. By way of example only, payment made on March 1, 2015 2019 will be the amount received during the 2014 2018 calendar year.

Payment Date and Period. Payments by FortisBC to the Municipality will be made on the first day of March of each year of the Agreement in respect of the amount received by FortisBC during that portion p01iion of the term of this Agreement which is in the immediately preceding calendar year. By way of example only, payment made on March 1, 2015 201 5 will be the amount received during the 2014 calendar year.