Payments to the Township Sample Clauses

Payments to the Township. In consideration of the mutual promises contained herein and the Township’s consent to the annexation of the Annexation Parcel to the City and its contribution of services as set forth herein, the City shall pay service fee payments to the Township. The amounts to be paid to the Township shall be equal to fifty percent (50%) of the gross amount of the income tax actually collected by the City, without any setoffs or deductions whatsoever other than refunds, from the net profits of any business located on and from persons working in any portion of the Annexation Parcel including, without limitation, income tax revenue collected from construction activities occurring on the Annexation Parcel. The obligation to make these payments to the Township shall begin on the date the City accepts the annexation of the Annexation Parcel and shall continue during the term and any renewal of this Agreement. The cost of administering, enforcing and collecting the City income tax generated from the area included within the Annexation Parcel shall be at the sole cost and responsibility of the City.
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Payments to the Township. In consideration of the Township’s waiver of its right to terminate the JEDZ Contract and its provisions of services to the CEDA Territory pursuant to Sections 3.1 and 3.2 hereof, the Village shall pay Cooperative Economic Development Payments to the Township. The amounts to be paid to the Township by the Village shall equal two-thirds of the amount of the proceeds of the JEDZ Income Tax that the Village receives pursuant to Section 4.3 of the JEDZ Agreement. The Cooperative Economic Development Payments shall be paid by the Village to the Township within seven days after the receipt by the Village of its portion of the proceeds of JEDZ Income Tax pursuant to Section 4.3 of the JEDZ Agreement.‌
Sample 1

Related to Payments to the Township

  • Adjustments to Fees Notwithstanding any of the fee limitations set forth in this Article 6, commencing upon the expiration of the first year of this Agreement, and upon the expiration of each year thereafter during the Term, the then-­‐current fees set forth in Section 6.1 and Section 6.3 may be adjusted, at ICANN’s discretion, by a percentage equal to the percentage change, if any, in (i) the Consumer Price Index for All Urban Consumers, U.S. City Average (1982-­‐1984 = 100) published by the United States Department of Labor, Bureau of Labor Statistics, or any successor index (the “CPI”) for the month which is one

  • PAYMENTS TO THE CONSULTANT (a) Payments of undisputed amounts are due and payable within sixty (60) days after the City’s receipt of an invoice from the Consultant. Undisputed amounts unpaid after sixty (60) days from the City’s receipt of such invoice shall bear interest at the rate of three percent (3%) per annum.

  • PAYMENTS TO THE ARCHITECT/ENGINEER 6.1. In all events, the ARCHITECT/ENGINEER shall submit his/her completed itemized accounting of all costs monthly to the State, and the State shall make all payments within 30 days of receipt of an error-free invoice.

  • Payments to be made The NA must make the following payments to the coordinator: - a first pre-financing payment; - [NA to select if a further pre-financing payment is foreseen] (a) further pre-financing payment(s), on the basis of the request for further pre-financing payment referred to in Article I.4.3; - one payment of the balance, on the basis of the request for payment of the balance referred to in Article I.4.4.

  • Payments to Subcontractors Develop and implement a procedure for the review, processing and payment of applications by subcontractors for progress and final payments.

  • Disbursements to Contractors to Pay Costs of the Project The Recipient shall require that as work on the Project and as specified in its contract is performed a Contractor shall promptly submit a detailed project specific invoice to the Project Manager. Within three (3) Business Days following receipt of such invoice from a Contractor, the Project Manager shall review the invoice and, if found to be accurate, shall so certify in writing, forwarding such certification together with a copy of the invoice to the Chief Fiscal Officer. Within five (5) Business Days following receipt of such invoice and certification from the Project Manager, the Chief Fiscal Officer shall conduct such reviews as he considers appropriate and, if he approves such invoice, shall submit to the Director a Disbursement Request together with the information and certifications required by this Section 6(b). The dollar amount set forth in the Disbursement Request shall be calculated based on the Participation Percentage as set forth originally in Appendix D of this Agreement or as may be adjusted from time to time to account for changed conditions in the project financing scheme. Within five (5) Business Days following receipt of the Disbursement Request and all required information and certifications, the Director shall, if such items are deemed by the Director to be accurate and completed, initiate a voucher in accordance with applicable State requirements for the payment of the amount set forth in the Disbursement Request. Upon receipt of a warrant from the Auditor of State drawn in connection with a voucher initiated in accordance with the terms of the preceding sentence, the Director shall forward it by regular first class United States mail or electronic funds transfer, to the contractor or other authorized recipient designated in the Disbursement Request. Prior to any disbursement from the Fund, the following documents shall be submitted to the Director by the Recipient:

  • Payments to MAC Notes If on the Maturity Date a Class of MAC Notes that is entitled to principal is outstanding, all principal amounts that are payable by Freddie Mac on Class M Notes that were exchanged for such MAC Notes will be allocated to and payable on such MAC Notes in accordance with the exchange proportions applicable to the related Combination. The Interest Only MAC Notes are not entitled to receive payments of principal.

  • AMENDMENTS TO SERVICE AGREEMENT With effect from the date of this Deed the Parties agree that the Service Agreement is varied so that:

  • Adjustments to Security The Security provided by Interconnection Customer at or before execution of the Interconnection Service Agreement (a) shall be reduced as portions of the work are completed, and/or (b) shall be increased or decreased as required to reflect adjustments to Interconnection Customer’s cost responsibility, as determined in accordance with Section 217, to correspond with changes in the Scope of Work developed in accordance with Transmission Provider’s scope change process for interconnection projects set forth in the PJM Manuals.

  • Adjustments to Purchase Price The Purchase Price shall be adjusted as follows:

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