PAYMENT SCHEDULE FOR SYSTEM IMPLEMENTATION Sample Clauses

PAYMENT SCHEDULE FOR SYSTEM IMPLEMENTATION. 2.1 Progress payments shall be made to Contractor by City following acceptance of designated milestones as shown below in Table B-1. See Second Revised Appendix B-1 for the cost breakdown. 2.2 All payments are based upon City’s acceptance of Contractor’s performance as evidenced by successful completion of all of the deliverables as set forth for each milestone. City shall have no obligation to pay unless Contractor has successfully completed and City has approved the milestone for which payment is due. 2.3 Payment for any part or parts of the System provided hereunder, or inspection or testing thereof by City, shall not constitute acceptance or relieve Contractor of its obligations under this Agreement. City may inspect the components of the System when delivered and reject upon notification to Contractor any and all the System, which does not conform to the specifications or other requirements of this Agreement. Components of the System, which are rejected shall be promptly corrected, repaired, or replaced by Contractor. If City receives components of the System with defects or nonconformities not reasonably apparent on inspection, then City reserves the right to require prompt correction, repair, or replacement by Contractor in accordance with Contractor’s warranty obligations. 1 PARCS Design (Revised Amendment #3) 1/3/2019 Paid 04/2019 $300,000 2 Order for Production – PARCS (Revised Amendment #3) 12/1/2018 Paid 12/2019 $715,751 3 Order for Production – FDMS (Revised Amendment #3) 12/1/2018 Paid 12/2019 $253,002 4 Completion of Factory Acceptance Test – PARCS (Removed this Amendment #4) 12/17/2020 6/30/2022 $850,000 54 System Manuals/Documentation (Revised Amendment #3) 2/12/2019 Paid 04/2020 $50,000 ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Site Acceptance (Revised this Amendment #4) 11/5/2021 04/29/2022 $466,873 ▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Percentage of Completion for Factory Acceptance Test (Added this Amendment #4) 04/29/2022 $85,000 7 Market Street Total Cost Adjustment due to Calculation Error in Original Agreement (Added this Amendment #4) 04/29/2022 $9,478 78 4th & San ▇▇▇▇▇▇▇▇ Garage Site Acceptance (Revised this Amendment #4) 11/8/2021 04/29/2022 $262,630 9 4th & San ▇▇▇▇▇▇▇▇ Garage Percentage of Completion for Factory Acceptance Test (Added this Amendment #4) 04/29/2022 $42,500 ▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇ Garage Site Acceptance (Revised this Amendment #4) 11/9/2021 04/29/2022 $238,865 ▇▇ ▇▇▇ ▇▇▇▇▇▇ Garage Percentage of Completion for Factory Acceptance Test (Added this Amendment #4) 04/29/...