Common use of Payment Processing Clause in Contracts

Payment Processing. The Community Service Fee payments to be made pursuant to the Enterprise Zone Agreement to which this Agreement is attached will be made directly to the recipients according to the terms set out in paragraph 8 of this Agreement. The Sponsors will contract with an appropriate agency to assist the parties to this Agreement by keeping a spreadsheet of the payments made pursuant to the terms of this agreement, and it will update the numbers annually. Additionally, this Agent will invoice Jordan Cove, providing any necessary reminders, and update the contact list for the recipients annually. This Agent shall be the CCD Business Development Corporation. It will provide the services pursuant to the terms of the Agreement attached to the Enterprise Zone Agreement.

Appears in 4 contracts

Samples: Intergovernmental Agreement, Intergovernmental Agreement, Intergovernmental Agreement

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