Payment Schedule and Method Sample Clauses

Payment Schedule and Method. Subject to the requirements of Section 4.3 and Section 4.4, Owner shall pay the Contract Price to Seller, by wire transfer, as follows: (a) A Reservation Payment not later than five (5) Business Days after the Effective Date in the amount of [* *] for the Wind Turbines for the Big Blue Windfarm Project. (b) A Notice to Proceed Payment in the amount of [* *] for the Wind Turbines on or before May 7, 2007, subject to Seller’s delivery of the Certificate of Design Approval and subject to Seller and Buyer agreeing the Delivery Schedule, as set forth in Section 5.1. (c) A Progress Payment in the amount of [* *] for the Wind Turbines not later than 60 days prior to the scheduled Delivery Date. (d) A per-Wind Turbine Delivery Payment equal to forty percent (40%) of the Unit Price within five (5) Business Days after Seller’s delivery to the Designated Delivery Location of each item listed in the Delivery Schedule comprising such Wind Turbine. (e) A per-Wind Turbine payment equal to fifteen percent (15%) of the Unit Price of a Wind Turbine within five (5) Business Days of Commissioning of each Wind Turbine. (f) A Final Completion payment in the amount of [* *] for the Wind Turbines within five (5) Business Days of Final Completion.
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Payment Schedule and Method. 5.1. Payment method 5.2. Payment schedule No. Instalment Amount Payment Schedule
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Payment Schedule and Method. Owner shall be obligated to pay the Contract Price (including any increase or adjustment thereto) to Seller by wire transfer to such account as may be directed by Seller in writing at the following times in the installments indicated provided; however, that each installment shall be due within ten (10) Business Days following delivery of Seller's invoice for the same (with the exception of the Reservation Fee, as provided in Section 5.2.1 and 5.2.11 below) The Contract Price shall be the Contract Price of the Basic WTG Model as defined in Price Table in Section 5.1 unless Owner selects the different model of WTG: (For the purposes of Sections 5.2.1 through 5.2.10, all references to "Contract Price" shall be deemed to be references to the Contract Price for 2008 delivery units and all references to WTGs or components thereof shall be deemed to be references to the 2008 delivery units).
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Related to Payment Schedule and Method

  • Payment Schedule The purchase price for timber sold under this contract shall be paid in advance as follows: The first payment shall be paid within 30 days of the notification of high bid or before operating, whichever occurs first. The first payment shall be 10 percent of the total estimated bid value. The total estimated bid value shall be the sum obtained by multiplying the estimated timber volumes by the prices given in Section 44 less the amount of the project work. Cash bid deposits shall be applied to the initial payment. Subsequent payments shall be made in advance of timber removal when log hauling begins. Each payment shall be made before the value of timber removed equals one-half an advance payment or within the time period stated on the billing if PURCHASER is more than one-half of a payment in advance. The amount of each advance payment shall be calculated by dividing the total estimated bid value less the initial payment by 9; with the total estimated bid value being the sum obtained by multiplying the estimated timber volumes by the prices given in Section 44 less the amount of the project work. STATE may accept partial payment, upon written request, if logging is inactive. However, the full amount of advance payment is paid before logging resumes. Partial payment must be sufficient to maintain a payment deposit equal to one-half of a regular advance payment. The total purchase price shall be calculated after all log scale is reported by multiplying prices in Section 44 by the scaled volume. STATE shall refund any advance payment in excess of the total price, or PURCHASER shall pay any deficit within 30 days of notice. PURCHASER's deposit account shall not accrue interest payable to PURCHASER.

  • SCHEDULE AND MILESTONES The Parties shall execute one (1) Annex concurrently with this Umbrella Agreement. The initial Annex and any subsequent Annexes will be performed on the schedule and in accordance with the milestones set forth in each respective Annex.

  • Development Schedule The Project shall substantially comply with the specific timetables and triggers for action set forth in Article 5 of this Agreement. The parties acknowledge that, as provided in G.S. 160A-400.25(b), the failure to meet a commencement or completion date shall not, in and of itself, constitute a material breach of this Agreement pursuant to G.S. 160A-400.27 but must be judged based upon the totality of the circumstances.

  • Schedule and Completion The Pre-commencement Phase Services to be performed under this Contract shall commence upon the Effective Date of the Contract and be completed within 60 days thereafter. Activities on the Site shall commence on the date specified in the Proceed Order and shall be materially complete in accordance with established Milestones, and not later than the Material Completion and Occupancy Date.

  • Payment Scheduling The earliest possible Scheduled Payment Date for each ▇▇▇▇▇▇ will be designated within the portion of the Site through which the Service is offered when you are scheduling the payment. Therefore, the Service will not permit you to select a Scheduled Payment Date less than the earliest possible Scheduled Payment Date designated for each ▇▇▇▇▇▇. When scheduling payments you must select a Scheduled Payment Date that is no later than the actual Due Date reflected on your ▇▇▇▇▇▇ statement unless the Due Date falls on a non-Business Day. If the actual Due Date falls on a non-Business Day, you must select a Scheduled Payment Date that is at least one (1) Business Day before the actual Due Date. Scheduled Payment Dates must be prior to any late date or grace period. Depending on the method of payment, your Eligible Transaction Account may be debited prior to the Scheduled Payment Date. For example, if the selected method of payment is a draft, the draft arrives earlier than the Scheduled Payment Date due to expedited delivery by the postal service, and the ▇▇▇▇▇▇ immediately deposits the draft, your Eligible Transaction Account may be debited earlier than the Scheduled Payment Date.