Management Levy definition

Management Levy means the sum payable by the Supplier to the Authority being an amount equal to 1 per cent (1%) of all Charges for the Goods and/or Services invoiced to the Contracting Authorities by the Supplier (net of VAT) in each Month throughout the Dynamic Purchasing System Period and thereafter until the expiry or earlier termination of all Contracts entered pursuant to this Dynamic Purchasing System Agreement;
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Management Levy means the management levy payable under Section 24;
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Examples of Management Levy in a sentence

  • In the event that an electronics system to monitor and collect is introduced, the Authority reserve the right to revert to a manual system to monitor and collect the Management Levy, upon providing two months’ written notice to the Supplier.

  • The Supplier acknowledges that it is essential that the Authority receives timely and accurate Management Information pursuant to this Dynamic Purchasing System Agreement because Management Information is used by the Authority to inform strategic decision making and allows it to calculate the Management Levy.

  • The Management Levy shall apply to the full Charges as specified in each and every Contract and shall not be varied as a result of any discount or any reduction in the Charges due to the application of any Service Credits (as defined in Annex 2 of DPS Schedule 4 (Template Order Form and Template Contract Terms) and/or any other deductions made under any Contract.

  • For the avoidance of doubt, all Contracts shall remain in force unless and until they are terminated or expire in accordance with the provisions of the Contract and the Supplier shall continue to pay any Management Levy due to the Authority in relation to such Contracts, notwithstanding the termination or expiry of this Dynamic Purchasing System Agreement.

  • If an Audit reveals that the Supplier has underpaid an amount equal to or greater than one per cent (1%) of the Management Levy due in respect of any one Contract Year or year of any Contracts then, without prejudice to the Authority’s other rights under this Dynamic Purchasing System Agreement, the Supplier shall reimburse the Authority its reasonable costs incurred in relation to the Audit.

  • In consideration of the establishment and award of this Dynamic Purchasing System Agreement and the management and administration by the Authority of the same, the Supplier agrees to pay to the Authority the Management Levy in accordance with this Clause Error: Reference source not found.

  • The Authority shall notify the Supplier if any Admin Fees arise pursuant to paragraph 204 above and shall be entitled to invoice the Supplier for such Admin Fees which shall be payable in accordance with Clause Error: Reference source not found (Management ▇▇▇▇) as a supplement to the Management Levy.

  • The Supplier shall not pass through or recharge to, or otherwise recover from any Contracting Authority the cost of the Management Levy in addition to the Charges.

  • If an Audit reveals that: that the Supplier has underpaid an amount equal to or greater than five per cent (5%) of the Management Levy due during any Contract Year of this Dynamic Purchasing System Agreement and any Contract; and/or a material Default has been committed by the Supplier; then the Authority shall be entitled to terminate this Dynamic Purchasing System Agreement.

  • The Supplier acknowledges and agrees that the Authority may at any time during the Dynamic Purchasing System Period and upon serving two months’ written notice, introduce an electronic system to monitor and collect the Management Levy (the “System”) and upon receipt of the written notice the Supplier shall use its best endeavours to implement the System.

Related to Management Levy

  • Management Group means at any time, the Chairman of the board of directors, the Chief Executive Officer, the President, any Managing Director, Executive Vice President, Senior Vice President or Vice President, any Treasurer and any Secretary of Holdings or other executive officer of Holdings or any Subsidiary of Holdings at such time.

  • management body means a management body as defined in Article 4(1)(36) of Directive 2014/65/EU;

  • Collateral Management Agreement The agreement dated as of the Closing Date, between the Issuer and the Collateral Manager relating to the management of the Collateral Obligations and the other Assets by the Collateral Manager on behalf of the Issuer, as amended from time to time in accordance with the terms thereof.