Payment Systems Clause Samples
The Payment Systems clause defines the methods and processes by which payments are to be made between parties under the agreement. It typically specifies acceptable forms of payment, such as wire transfers, credit cards, or electronic funds transfers, and may outline the timing, currency, and any required payment instructions. By clearly establishing how and when payments should be processed, this clause helps prevent disputes and ensures that financial transactions are conducted smoothly and efficiently.
Payment Systems. Subject to clause 2.3A below, the Supplier has a choice to be paid under one of two payment systems: • MPS 1 (Milk Payment System 1): MPS 1 provides for stronger out of peak payments to support those suppliers with management systems which result in flatter supply patterns. If the Supplier elects to be paid under MPS 1, the Supplier will be eligible to receive the Productivity Incentive. • MPS 9/3 (Milk Payment System 9/3): There are two variations: o MPS 9/3 1:2 provides for relatively high spring pricing and assists suppliers with early season cash flow. It rewards higher protein production herds. Butterfat will be paid at half the protein payment rate under this option. The Supplier will not be eligible to receive the Productivity Incentive. o MPS 9/3 1:1 also provides for relatively high spring pricing and assists suppliers with early season cash flow. It rewards higher butterfat production herds. Butterfat will be paid at the same rate as the protein payment rate under this option. The Supplier will not be eligible to receive the Productivity Incentive. If there is a Sharefarmer Supplier under this Agreement, the Tatura Supplier and the Sharefarmer Supplier must both be paid under the same payment system being either MPS 1 or MPS 9/3 and if MPS 9/3 then under the same variation of it. If there is more than one Farm listed in Item 1 of the Details, all Farms must be paid under the same payment system as well. If neither payment system is ticked in the Details or if different payment systems are ticked, and the Supplier has previously supplied Tatura, Tatura will use the payment system selected by the Tatura Supplier during the 2020/2021 Financial Year (Applicable Pay Rate).
Payment Systems. Lessee shall use commercially reasonable efforts to maintain (i) its certification for participation in the Medicare program or any successor thereto, (ii) its qualification for participation in the Medi-Cal program or any successor thereto, and (iii) its qualification for participation in and payment under private insurance programs having broad application and federal, state, and local governmental programs providing for payment or reimbursement for services rendered; provided, however, that nothing herein shall require Lessee to (a) institute or maintain any action or proceeding against the State of California or any other governmental entity or agency, (b) enter into a contract with a Local Initiative or Mainstream Plan under the Department of Health Services’ plan for expanding Medi-Cal managed care, or (c) comply with any new laws or regulations which substantially modify existing laws or regulations respecting Disproportionate Share Payments.
Payment Systems. Subject to clause 2.3A, the Supplier has a choice to be paid under one of two payment systems: • MPS 1 (Milk Payment System 1): MPS 1 provides for stronger out of peak payments to support those suppliers with management systems which result in flatter supply patterns. • MPS 2 (Milk Payment System 2): MPS 2 provides for relatively high spring pricing and assists suppliers with early season cash flow. If there is a Sharefarmer Supplier under this Agreement, the Bega Supplier and the Sharefarmer Supplier must both be paid under the same payment system being either MPS 1 or MPS 2. If there is more than one Farm listed in Item 1 of the Details, all Farms must be paid under the same payment system as well. If neither payment system is ticked in the Details or if different payment systems are ticked, and the Supplier has previously supplied Bega, Bega will use the payment system selected by the Bega Supplier during the 2020/21 Financial Year (Applicable Pay Rate).
Payment Systems. Lessee shall maintain its certification for participation in Medicare and Medi-Cal, including but not limited to maintaining compliance with all conditions of participation for Medicare, participation in and payment under private insurance programs having broad application and federal, state and local government programs providing for payment or reimbursement for medical services rendered.
Payment Systems. The Contractor must provide a range of quality technological resources to enable payment from offenders in a variety of different methods, including but not limited to: Cash Payments (Alleged offenders can pay the FPN using the barcode situated at the top of the FPN any Post Office or Payzone outlet across the UK; Online Payments (if required the Contractor will build a council branded portal to accept payments); Automated and Manual Telephone Payments;
Payment Systems. F1: Invoicing Arrangements Q16a: Please indicate how your organisation will be able to receive purchase orders?
Payment Systems. (a) Carrying out of a training program for National Bank of Rwanda staff involved in operation and oversight of payments.
(b) Development and implementation of an integrated platform in support of automated clearing house and real time gross settlement system, particularly review of the applicable legal framework, acquisition of required software and core equipment, and continued support until systems fully operational.
(c) Provision of capacity-building support to National Bank of Rwanda with regard to development of a legal and regulatory framework for mobile banking.