Final Instalment. (a) The Final Instalment shall be adjusted in accordance with this Contract and notified by the Builder to the Buyer not later than seven (7) Banking Days prior to the notified date of delivery (see Clause 27(d) (Sea Trials – Method of Acceptance or Rejection)). For the avoidance of doubt, the Final Instalment shall be due and payable upon delivery of the Vessel in accordance with Box 11 and Clause 28 (Delivery).
Final Instalment. 6.3.1. At any time after the date which is no earlier than 5 Business Days after the Affordable Housing Units are ready for occupation, the Grant Recipient may apply to the Council for payment of the Final Instalment of the Grant. In submitting an application pursuant to this Clause 6.2 the Grant Recipient is deemed to represent and warrant to the Council that:
Final Instalment. After the Date of this Agreement, the final instalment of five hundred dollars ($500.00) will be paid to each Eligible Compensation Beneficiary as defined in subsection 7.3.2 of this Article, and will be attributable to the Resource compensation and Asset Damage Compensation purposes of this Agreement.
Final Instalment. The final instalment will only be payable to the Grantee after the Commonwealth has determined that the Project Completion Date has occurred. Note 7: For details of Project Completion and the Project Completion Date see Clauses 3 and 27.1.
Final Instalment. The sum of United States Dollars Two Hundred and Seven Million and Six Hundred Thousand (US$207,600,000), equivalent to 60% of the Contract Price shall be paid upon Delivery of the Vessel. All payments of instalments to be made by the OWNERS shall be made promptly upon the presentation of the Builder’s invoices and in full and without any set off, abatement, counterclaim, withholding or deduction. Builder acknowledges that as of the date of Amendment No. 1, Owners have paid the First Instalment in full. Payment for Variation Orders shall be negotiated and agreed through a Change Order Process.”
Final Instalment. The BUYER shall, at least three (3) New York business days prior to the intended date of delivery of the VESSEL, make an irrevocable cash deposit in the name of the BUYER with the SELLER’s bank, for a period of thirty (30) days covering the amount of this instalment (as adjusted in accordance with the provisions of this Contact), with an irrevocable instruction that the said amount shall be released to the SELLER against presentation by the SELLER to the SELLER’s bank of a copy of the Protocol of Delivery and Acceptance signed by the BUYER’s authorized representative and the SELLER’s authorized representative. Interest, if any, accrued from such deposit, shall be for the benefit of the BUYER. If the delivery of the VESSEL is not effected on or before the expiry of the aforesaid thirty (30) days deposit period, the BUYER shall have the right to withdraw the said deposit plus accrued interest upon the expiry date. However, when the new date of delivery is notified to the BUYER by the SELLER, the BUYER shall make the cash deposit in accordance with the same terms and conditions as set out above.
Final Instalment. The sum of United States Dollars One Hundred and Thirty Eight Million and Four Hundred Thousand (US$69,200,000), equivalent to 20% of the Contract Price shall be paid upon Delivery of the Vessel. All payments of instalments to be made by the Owners shall be made promptly upon the presentation of the Builder’s invoices and in full and without any set off, abatement, counterclaim, withholding or deduction, except as may be provided in this Contract. Payment for Variation Orders shall be negotiated and agreed through a Change Order Process.”
Final Instalment. A Final Instalment equal to no less than ten percent (10%) of the Budget shall be withheld until the Grantee’s delivery and IUCN’s written acceptance of the Final Financial Report (7.3.2.ii) and the Final Technical Report (7.3.1.iii) IUCN shall make payments to the Grantee’s bank account as follows: Complete Account name: [xxx] Account type and currency: [xxx] Bank name: [xxx] Bank address: [xxx] Account No.: [xxx] SWIFT Code or other bank routing code: [xxx] IBAN No: [xxx] International correspondent bank information, if applicable. Complete Account name: [xxx] Account type and currency: [xxx] Bank name: [xxx] Bank address: [xxx] Account No.: [xxx] SWIFT Code or other bank routing code: [xxx] IBAN No: [xxx] The Grantee shall bear any bank charges associated with any transfer of funds that IUCN may make hereunder. Funds (including any interests thereon) that remain unused at the Expiration Date or termination date of this Agreement must be returned to IUCN within sixty (60) days following either of such dates, as applicable and Grantee shall reimburse IUCN for any disallowed expenditures. All expenditures shall be reported in accordance with the Budget as provided for under this Agreement. Any re-allocation of funds between/amongst Budget lines, exceeding 10% within a budget line, will be permitted only upon IUCN’s prior written approval, to be given in each instance at IUCN’s sole discretion Upon expiration or termination of this Agreement, the Grantee shall maintain all financial records pertaining to this Agreement for a period of ten (10) years. The Grantee is responsible for the payment of all taxes, as required by law, which may arise from or in connection with this Agreement. Only taxes incurred for the performance of this Agreement that cannot be reclaimed by the Grantee will be accepted as eligible costs. The Grantee shall ensure that the financial reports as defined under article 7.3.2 are easily reconciled to the accounting and bookkeeping systems and to the underlying accounting and other relevant records. For this purpose the Grantee shall prepare and keep appropriate reconciliations, supporting schedules, analyses and breakdowns for inspection and verification. These reconciliations should be updated at minimum on a quarterly basis. All Budget Funds provided under this Grant in USD that are exchanged to local currency must be exchanged at the best available rate through the channels authorized by applicable laws and regulations. Transactions ...
Final Instalment. A Final Instalment equal to no less than ten percent (10%) of the Budget shall be withheld until the Contractor’s delivery and IUCN’s written acceptance of the Final Financial Report (7.3.2.ii) and the Final Technical Report (7.3.1.iii)
Final Instalment
