Payment Mechanism Sample Clauses

Payment Mechanism. 9.4.1 KSIDC shall be the payment agency for all kind of payments, except Power tariff, that are required to be made to the Concessionaire, as envisaged in this Concession Agreement, based on instructions issued by the PMU/ Authority.
Payment Mechanism. 6.3.1 All payment to be made by MSEDCL to the Generator under this Agreement shall be made by RTGS / Electronic Transfer. For payment through RTGS / Electronic Transfer the Generator shall submit the notarized affidavit on Rs. 200/- stamp paper mentioning the name of the bank alongwith bank & account details, in accordance with the provisions of Clause 6.2 above.
Payment Mechanism. Apart from the Progress Payments, payment by the Province to the Contractor under this Agreement shall be in the form of a single monthly payment (the “Payment”) comprised of the amounts described below in clauses (a) and (b) less the amounts described below in clauses (c), (d) and (e):
Payment Mechanism. All Pan American Shares issuable in respect of the Rights will be automatically issued on the Payment Date for and on behalf of the Holders thereof and the Holders thereof shall, without payment of additional consideration or any further action on the part of the Holders thereof (including the surrender of any Rights Certificates), be deemed to have subscribed for the corresponding number of Pan American Shares issuable pursuant to such Rights and the parties hereby irrevocably authorize the issuance of the Pan American Shares. Pan American or its registrar and transfer agent shall cause to be mailed to the address of the Holder of the Rights last appearing on the register of Holders maintained by the Rights Agent pursuant to Section 2.8, Pan American Shares in the name of such Holder representing the CVR Payment Amount issuable to the Holder in respect of such Rights, as fully paid and non-assessable shares of Pan American, in accordance with Section 2.2, if and when necessary.
Payment Mechanism. Subject to Paragraph 6 of this Agreement, within eight calendar days after (a) entry of a Final Judgment, (b) the entry of an order requiring that payment be made as part of a Settlement of the Class Action, or (c) the execution by all parties thereto of any Settlement of any Individual Plaintiff Action, Subsequent Individual Plaintiff Action, or Opt-Out Action, each Signatory hereto shall cause the amount of its Settlement-Sharing Payment Obligation or Judgment-Sharing Payment Obligation (as applicable) under this Agreement to be paid, by wire transfer, into a segregated escrow account (the “MasterCard-Related Payment Escrow Account”) to be established for the receipt of such funds from the Signatories and for the payment of the Settlement or Final Judgment to be paid by Signatories to Claimants in accordance with this Agreement. Notwithstanding the foregoing, (i) the Signatories may provide in a Settlement agreement for an alternative mechanism for the timing of the Signatories’ payment of any Settlement-Sharing Payment Obligation under this Agreement, or (ii) in the event that a stay is granted with respect to the Monetary Portion (or portion thereof) of any Final Judgment, then the time contemplated for the Signatories to satisfy its Judgment-Sharing Payment Obligation with respect to that Monetary Award (or portion thereof) shall run from the date on which the stay is lifted.
Payment Mechanism. All payments under this Agreement shall be made in United States Dollars, unless otherwise agreed, and within ten (10) days after the end of the month in which the obligation to make the payment is incurred to a bank specified by the Party to whom the payment is due.
Payment Mechanism. If the Buyer makes the Election pursuant to ----------------- Section 7.1(a), the Buyer shall pay to the Sellers the amount of the Election Tax Cost by March 15, 1999. The Buyer's determination of the Election Tax Cost shall be final and binding upon the parties to this Agreement unless within thirty (30) days after receipt by the Sellers of the Buyer's computation of the Election Tax Cost the Sellers shall have delivered to the Buyer a notice (an "ETC Disagreement Notice") setting forth specific objections to the amount or ----------------------- calculations of the Election Tax Cost. If any ETC Disagreement Notice is delivered by the Sellers to the Buyer in a timely manner indicating objections to the amount of the Election Tax Cost, then during a period of ten (10) Business Days following delivery by the Sellers of such ETC Disagreement Notice, the Buyer and the Sellers shall attempt to resolve, in writing, any differences they have with respect to any matter specified in the ETC Disagreement Notice and to agree on the amounts of the calculations made in determining the Election Tax Cost. If at the end of such 10-Business Day period, the Buyer and the Sellers have failed to reach written agreement with respect to any of such matters, then either of the Buyer or the Sellers may submit a demand for resolution as to matters as to which they have failed to reach written agreement to the CPA Firm (in such capacity, the "ETC Accountant"). The ETC -------------- Accountant shall on or prior to the date that is thirty (30) days after any information reasonably requested by the ETC Accountant to be provided shall have been received by the ETC Accountant, deliver to the Buyer and the Sellers, a statement stating that the calculations made in determining the Election Tax Cost are correct or setting forth its resolution of any specific items of disagreement and a calculation of any unpaid Election Tax Cost based upon such resolution. The Buyer shall pay any such unpaid Election Tax Cost to the affected Sellers within five (5) Business Days after receipt of the ETC Accountant's statement. All fees and expenses payable to the ETC Accountant incurred in connection with such disagreement shall be borne 50% by the Buyer and 50% by the Sellers and all other expenses incurred in connection therewith shall be borne by the party incurring such expenses.
Payment Mechanism. 33. (a) The energy generated by the Wind Electric Generating units shall be procured centrally by the MP TRADECO, at the rates specified in tariff order dated 21.11.2007. The energy so procured shall be allocated by the MP TRADECO to the three Discoms on the basis of actual energy input in previous financial year. Accordingly, the power purchase agreement shall be signed between the Company/Developer, and the MP TRADECO. The MP TRADECO, in turn shall have back to back power supply agreement with the Discoms.
Payment Mechanism. (a) The aggregate number of Exchangeable Shares to be issued in respect of all Rights held by the Holders shall be equal to the quotient obtained by dividing: (i) the amount of the Deferred Consideration payable in accordance with Section 2.2, divided by (ii) the 20 day volume weighted average price of the Akerna Shares (converted to Canadian dollars from US dollars using the Exchange Rate as of the Deferred Consideration Payment Date) as quoted on the NASDAQ on the last trading day immediately preceding the Deferred Consideration Payment Date.