Payment level Clause Samples
The Payment Level clause defines the specific amount or rate at which payments are to be made under a contract. It typically outlines whether payments are fixed, variable, or subject to adjustment based on certain criteria, such as milestones achieved or units delivered. By clearly establishing the payment terms, this clause ensures both parties understand their financial obligations, reducing the risk of disputes over compensation.
Payment level. We will pay the insured percentage of the net debt or of the credit limit if the net debt exceeds the credit limit.
Payment level. Unless otherwise agreed in the Project Plan, ELM shall pay DNAP all of DNAP's direct costs (including direct R&D overhead) plus an industry standard operating margin, but in no event more than 200% of DNAP's modified direct costs, as customarily computed by DNAP to include only salaries, benefits, supplies and travel with respect to Project personnel.
Payment level. Unless otherwise agreed in the Project Plan, SEMINIS shall pay DNAP all of DNAP's direct costs (including direct R&D overhead) plus an industry standard operating margin, but in no event more than 200% of DNA-P's modified direct costs, as customarily computed by DNAP to include only salaries, benefits, supplies and travel for Project personnel.
Payment level. We will pay the insured percentage of the net debt or of the credit limit if the net debt e xceeds the credit limit.