Quarterly Payment Cycles Sample Clauses

Quarterly Payment Cycles. For purposes of invoicing and payment, each Designated System shall be associated with one of the following payment cycles: Payment Cycle A: Invoices shall be due on the 10th of and payable on the last day of: January, April, July and October. Payment Cycle B: Invoices shall be due on the 10th of and payable on the last day of: February, May, August and November.
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Quarterly Payment Cycles. For purposes of invoicing and payment, each Designated System shall be associated with one of the following payment cycles: Payment Cycle A: Invoices shall be due on the 10th of and payable on the last day of: January, April, July and October. Payment Cycle B: Invoices shall be due on the 10th of and payable on the last day of: February, May, August and November. Payment Cycle C: Invoices shall be due on the 10th of and payable on the last day of: March, June, September and December. Upon Energization of a Designated System, the IPA shall designate a Quarterly Payment Cycle to such Designated System and shall indicate such Quarterly Payment Cycle in Schedule B to the Product Order applicable to such Designated System. The IPA shall endeavor, on a commercially reasonable efforts basis, to designate for each Designated System a Quarterly Payment Cycle that includes a Quarterly Period that concludes on the month of Energization of the Designated System so that Seller may invoice and be paid for RECs associated with the Designated System in the month following the date of Energization. Notwithstanding, the IPA may in its reasonable discretion designate a Quarterly Payment Cycle that includes a Quarterly Period that concludes on the month following Energization.
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Quarterly Payment Cycles. For purposes of invoicing and payment, each Designated System shall be associated with one of the following payment cycles: Payment Cycle A: Invoices shall be due on the 10th of and payable on the last day of: January, April, July and October. Payment Cycle B: Invoices shall be due on the 10th of and payable on the last day of: February, May, August and November. Payment Cycle C: Invoices shall be due on the 10th of and payable on the last day of: March, June, September and December. 17 Specifically, if payments have been made to Seller with respect to a Designated System, and the number of RECs Delivered from such Designated System is less than the Designated System Paid REC Quantity, then with respect to each such Designated System, Seller shall return a portion of the amount of payment equal to the multiplicative product of (A) the Contract Price and (B) the positive difference between (i) the Designated System Paid REC Quantity and (ii) the number of RECs that has been Delivered from such Designated System (not to exceed the Designated System Contract Maximum REC Quantity). Upon Energization of a Designated System, the IPA shall designate a Quarterly Payment Cycle to such Designated System and shall indicate such Quarterly Payment Cycle in Schedule B to the Product Order applicable to such Designated System. The IPA shall endeavor, on a commercially reasonable efforts basis, to designate for each Designated System a Quarterly Payment Cycle that includes a Quarterly Period that concludes on the month of Energization of the Designated System so that Seller may invoice and be paid for RECs associated with the Designated System in the month following the date of Energization. Notwithstanding, the IPA may in its reasonable discretion designate a Quarterly Payment Cycle that includes a Quarterly Period that concludes on the month following Energization.
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Quarterly Payment Cycles. For purposes of invoicing and payment, each Designated System shall be associated with one of the following payment cycles: Payment Cycle A: Invoices will be payable on the last day of January, April, July and October. Payment Cycle B: Invoices will be payable on the last day of February, May, August and November. Payment Cycle C: Invoices will be payable on the last day of March, June, September and December. Upon Energization of a Designated System, IPA shall designate a Quarterly Payment Cycle to such Designated System and shall indicate such Quarterly Payment Cycle in Schedule B to the Product Order applicable to such Designated System. The IPA shall endeavor, on a commercially reasonable efforts basis, to designate for each Designated System a Quarterly Payment Cycle that includes a Quarterly Period that concludes on the month of Energization of the Designated System. Notwithstanding, the IPA may in its reasonable discretion designate a Quarterly Payment Cycle that includes a Quarterly Period that concludes on the month following Energization.
Sample 1Sample 2
Quarterly Payment Cycles. For purposes of invoicing and payment, each Designated System shall be associated with one of the following payment cycles: Payment Cycle A: Invoices shall be due on the 10th of and payable on the last day of: January, April, July and October. Payment Cycle B: Invoices shall be due on the 10th of and payable on the last day of: February, 35 Specifically, if payments have been made to Seller with respect to a Designated System, and the number of RECs Delivered from such Designated System is less than the Designated System Paid REC Quantity, then with respect to each such Designated System, Seller shall return a portion of the amount of payment equal to the multiplicative product of (A) the Contract Price and (B) the positive difference between (i) the Designated System Paid REC Quantity and (ii) the number of RECs that has been Delivered from such Designated System (not to exceed the Designated System Contract Maximum REC Quantity).
Sample 1

Related to Quarterly Payment Cycles

  • Quarterly Payments H3.15 The quarterly payment cannot be increased in cases of target over-achievement. The payments are given on cumulative outputs, in arrears, and therefore the maximum payment available will be given by the end of the Contract if the agreed (target) number of outputs is reached or exceeded.

  • Minimum Payment Due Your Minimum Payment Due is listed on your Statement and equals the lesser of: • the amount of your New Balance, or • the greater of: • $30, or • 3% of the amount you owe, or • the sum of Finance Charges accrued since the last Billing Cycle (including Interest Charges and Transaction Fees), plus any Penalty Fees, Annual Fees (if applicable), and one-time fees that have been posted to your Account, plus 1% of the amount you owe. Making only the Minimum Payment Due will increase the amount of interest you pay and the time it takes to repay your balance.

  • MINIMUM MONTHLY PAYMENT We will mail you a statement every month if your account has a balance. You agree that you will pay each month not less than the minimum monthly payment by the payment due date. The minimum monthly payment will be 3.0% for Classic accounts or 2% for Platinum accounts of your outstanding balance (“New Balance”) or $25.00, whichever is greater. If your outstanding balance is $25.00 or less, you agree to pay the balance in full. You may pay in full for all your purchases and cash advances each month, or you may repay in monthly installments. We can accept late payments or partial payments, or checks, drafts, or money orders marked “payment in full” without prejudice to our rights under this Agreement, which are hereby explicitly reserved. A credit posting from a merchant or reversal of fees do not constitute a minimum payment. The minimum monthly payment may be allocated at the Credit Union’s discretion to pay off lower rate balances, such as promotional offers, before higher rate balances, such as cash advances or purchases. Payments in excess of the minimum monthly payment will be allocated first to higher rate balances, as applicable. From time to time, we may allow you to skip your minimum monthly payment due. If you choose to skip that payment, Finance Charges will continue to accrue in accordance with this Agreement. Payments received at: Rogue Credit Union, XX Xxx 0000, Xxxxxxx, XX 00000 on or before 5:00 PM Pacific Time on any business day will be credited to your Account as of that date; payments received by mail at that address after 5:00 PM Pacific Time or on a weekend will be posted to your Account as of the next business day. Payment crediting to your Account may be delayed up to five days if your payment is received by mail at any other address or not accompanied by the remittance portion of your Account statement.

  • Contract Quarterly Sales Reports The Contractor shall submit complete Quarterly Sales Reports to the Department’s Contract Manager within 30 calendar days after the close of each State fiscal quarter (the State’s fiscal quarters close on September 30, December 31, March 31, and June 30). Reports must be submitted in MS Excel using the DMS Quarterly Sales Report Format, which can be accessed at xxxxx://xxx.xxx.xxxxxxxxx.xxx/business_operations/ state_purchasing/vendor_resources/quarterly_sales_report_format. Initiation and submission of the most recent version of the Quarterly Sales Report posted on the DMS website is the responsibility of the Contractor without prompting or notification from the Department’s Contract Manager. If no orders are received during the quarter, the Contractor must email the DMS Contract Manager confirming there was no activity.

  • Payment Due Dates Whenever any payment hereunder shall be stated to be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of interest or facility fee, as the case may be; provided, however, that if such extension would cause payment of interest on or principal of LIBO Rate Advances or Floating Rate Bid Advances to be made in the next following calendar month, such payment shall be made on the immediately preceding Business Day.

  • Payment Due Date Unless City notifies the Contractor that a dispute exists, Payment shall be made within [Enter number of days, generally ≥ 30] calendar days, measured from (1) the delivery of goods and/or the rendering of services or (2) the date of receipt of the invoice, whichever is later. Payment is deemed to be made on the date on which City has issued a check to Contractor or, if Contractor has agreed to electronic payment, the date on which City has posted electronic payment to Contractor.

  • Minimum Payment (a) Overtime worked on a Saturday or Sunday will be paid for at the rate of double Ordinary Rates. Employees required to work on a Saturday or Sunday will be afforded a minimum 4 hours work, or be paid as if for 4 hours at the aforementioned overtime rates.

  • Quarterly Sales Reports The Contractor shall submit a completed Quarterly Sales Report electronically, in the required format, to the Department’s Contract Manager within thirty (30) calendar days after close of each quarter. The quarterly sales report can be found here: xxxxx://xxx.xxx.xxxxxxxxx.xxx/business_operations/ state_purchasing/vendor_resources/quarterly_sales_report_format. The Contract Quarterly Sales Report will include all sales and orders associated with this Contract from Customers received during the reporting period. Initiation and submission of the Sales Report is the responsibility of the Contractor without prompting or notification from the DMS Contract Manager. Failure to provide the quarterly sales report will result in the imposition of financial consequences and may result in the Contractor being found in default and the termination of the Contract. Initiation and submission of the quarterly sales report are the responsibility of the Contractor without prompting or notification by the Department. Sales will be reviewed on a quarterly basis. If no sales are recorded during the period, the Contractor must submit a report stating that there was no activity. If no sales are recorded in two consecutive quarters, the Contractor may be placed in probationary status or the Department may terminate the Contract. Quarter 1 – (July-September) – due 30 calendar days after the close of the period Quarter 2 – (October-December) – due 30 calendar days after the close of the period Quarter 3 – (January-March) – due 30 calendar days after the close of the period Quarter 4 – (April-June) due 30 calendar days after the close of the period Exceptions may be made if a delay in submitting reports is attributable to circumstances that are clearly beyond the control of the Contractor. The burden of proof of unavoidable delay shall rest with the Contractor and shall be supplied in a written form and submitted to the Department. The Department reserves the right to request additional sales information as needed.

  • Payment Due Payment for services provided will be due on or before the next xxxx date (i.e., same date in the following month as the xxxx date) and is payable in immediately available funds. Payment is considered to have been made when received by BellSouth.

  • Monthly Payment City shall make monthly payments, based on invoices received, for services satisfactorily performed, and for authorized reimbursable costs incurred. City shall have 30 days from the receipt of an invoice that complies with all of the requirements above to pay Consultant.

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