PAYMENT OF PRICE REVISION Sample Clauses

PAYMENT OF PRICE REVISION. Price revision adjustments of fixed prices to take account of changed economic conditions shall be made by applying the relevant price revision provisions contained in Appendix A. The financial basis for revisions shall be the nominal amount of the milestone payment. When claiming price revision, the amount of escalation shall be invoiced in two steps. Firstly, on a provisional basis at the time of the corresponding milestone payment becoming due and secondly, when submitting the final invoice. The final calculation shall be derived after completion of the last payment milestone and on availability of final indices, as specified in Appendix A. The provisional claims shall be calculated by using the Preliminary yearly Escalation Factors as defined in Appendix A. After completion of the last payment milestone of the relevant milestone payment plan and upon availability of the published final index values for the last milestone, the Contractor shall submit its (and have its Sub-contractors submit their) final recapitulative invoice or credit note for the price revision corresponding to all the milestones of that milestone payment plan with the supporting evidence and showing any credits or debits. The supporting evidence may be submitted separately to the invoices. Exceptionally, the Agency may agree that the above mentioned final recapitulative invoice or credit note be submitted earlier. The final price revision shall be calculated using the relevant agreed price revision formula as shown in Appendix A. When claiming price revision, the invoice documents shall include sufficient evidence of correct application of the price revision formulae. If the Contractor and/or any of the Sub-contractors is late in meeting the nominal date agreed for achievement of a milestone, the price revision shall apply to the nominal and not to the actual achievement date of the milestone.
Sample 1Sample 2
AutoNDA by SimpleDocs
PAYMENT OF PRICE REVISION. Price revision adjustments of fixed prices shall be made by applying the relevant price revision provisions contained in Appendix1. The financial basis for revisions shall be the nominal amount as defined in the milestone payment plan of Appendix 1. For each achieved Milestone two invoices will be submitted, one for the FP amount defined in the Milestone Payment Plan of the Contract Appendix 1 and one for the calculated variation (Escalation) amount calculated as follows. When claiming price revision, the following shall apply :
Sample 1

Related to PAYMENT OF PRICE REVISION

  • Payment of Price The full exercise price for the portion of the Option being exercised shall be paid to the Company as provided below:

  • Adjustment of Price The State shall adjust the total contract price by subtracting from the total contract price an amount determined in the following manner: The State shall cause the timber sale area subject to governmental regulation or order to be measured. The State shall calculate the percentage of the total sale area subject to the governmental regulation or order. The State shall reduce the total contract price by that calculated percentage. However, variations in species, value, costs, or other items pertaining to the affected sale area will be analyzed and included in the adjustment if deemed appropriate by the State. The State will further reduce the total contract price by the reasonable cost of unamortized roads Purchaser constructed but was unable to fully use for removing timber. A reduction in total contract price terminates all of the Purchaser's rights to purchase and remove the timber and all other interest in the affected sale area.

  • Adjustments of Prices Whenever any provision of this Indenture requires the Company to calculate the Last Reported Sale Prices, the Daily VWAPs, the Daily Conversion Values or the Daily Settlement Amounts over a span of multiple days (including, without limitation, an Observation Period and the period, if any, for determining the Stock Price for purposes of a Make-Whole Fundamental Change), the Company shall make appropriate adjustments in good faith and in a commercially reasonable manner to each to account for any adjustment to the Conversion Rate that becomes effective, or any event requiring an adjustment to the Conversion Rate where the Ex-Dividend Date, Effective Date or expiration date of the event occurs, at any time during the period when the Last Reported Sale Prices, the Daily VWAPs, the Daily Conversion Values or the Daily Settlement Amounts are to be calculated.

  • Payment of Principal Premium, if any, and Interest; Interest on Overdue Principal; Principal, Premium, if any, and Interest Rights Preserved.

  • Payment of Premium Unless otherwise agreed in writing by the Parties, the Buyer shall be obligated to pay the Premium related to an Option no later than its Premium Payment Date.

  • Statement of Principle The parties acknowledge the following provisions are to protect the rights of employees during pregnancy and on their return to employment following parental leave.

  • Duties of Price Services Price Services agrees that it will perform the following services:

  • Payment of Premiums Each Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security Trustee.

  • Payment of Principal, Premium and Interest The Company covenants and agrees for the benefit of each series of Securities that it will duly and punctually pay the principal of and any premium and interest on the Securities of that series in accordance with the terms of the Securities and this Indenture.

  • Payment of Purchase Price The Purchase Price shall be paid as follows:

Time is Money Join Law Insider Premium to draft better contracts faster.