PAYMENT AND VALUE FOR MONEY PROVISIONS Sample Clauses

PAYMENT AND VALUE FOR MONEY PROVISIONS. This section C sets out the charging and payment principles that will apply under this Agreement.
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PAYMENT AND VALUE FOR MONEY PROVISIONS. CHARGING AND INVOICING14 In consideration of the Service Provider carrying out its obligations, including the provision of the Services under this Agreement, the Customer shall pay the Charges to the Service Provider in accordance with the payment profile and the invoicing procedure specified in schedule 7.1 (Charges and Invoicing). For the purposes of paying the Charges the Service Provider shall establish the Project Bank Account in accordance with part C of schedule 7.1 (Charging and Invoicing). The Customer shall pay the Charges in respect of the Service Provider’s invoices in accordance with paragraph 11 of schedule 7.1 (Charging and Invoicing). If the Customer disputes any of the Service Provider’s invoices or any part thereof the Service Provider shall: issue a credit note for the full amount of the invoice in which the disputed amount appears; issue a separate invoice for the disputed amount together with any further information that the Customer requests about the disputed amount. The Customer shall pay to the Service Provider the disputed amount (together with interest, accruing in accordance with clause 23.4, from the date of the original invoice) within thirty (30) days of the date that the dispute is resolved in accordance with the Dispute Resolution Procedure; and issue a separate invoice for the undisputed amounts of such invoice and the Customer shall pay to the Service Provider the undisputed amount within thirty (30) days of receipt of that invoice. Interest shall be payable on the late payment of any undisputed Charges properly invoiced at a rate of 3% per annum over the Bank of England base rate from time to time until payment in full is made. It is agreed that the rate of interest set out in this clause provides each party with a substantial remedy pursuant to Sections 8 and 9 of the Late Payment of Commercial Debts (Interest) Act 1998. Except as otherwise provided, the parties shall each bear their own costs and expenses incurred in respect of compliance with their obligations under clauses 14 (Transition Testing), 19 (Transformation Testing), 48.5 (Quality Assurance and Performance Monitoring), 11 (Audits), 35 (Protection of Personal Data), 28 (Freedom of Information) and, to the extent specified therein, clause 24 (Step-In Rights).
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PAYMENT AND VALUE FOR MONEY PROVISIONS. CHARGING AND INVOICING In consideration of the Supplier carrying out its obligations, including the provision of the Services under this Contract, the Authority shall pay the Charges to the Supplier in accordance with the payment profile and the invoicing procedure specified in schedule 7.1 (Charges and Invoicing). The Supplier shall ensure that a term is included in any Sub-contract permitted under this Contract which requires the Supplier to pay any undisputed sums due to the relevant Sub-contractor within a specified period that does not exceed 30 days from the date the Supplier receives the Sub-contractor's invoice. The Supplier shall not suspend the supply of the Services unless the Supplier is entitled to terminate this Contract under clause 55.6 for failure to pay undisputed Charges. Interest shall be payable on the late payment of any undisputed Charges properly invoiced in accordance with the Late Payment of Commercial Debts (Interest) Act 1998. Except as otherwise provided, the parties shall each bear their own costs and expenses incurred in respect of compliance with their obligations under clauses 4.2 (Testing), 13 (Quality Assurance and Performance Monitoring), 23 (Audits), 40 (Protection of Personal Data), 41 (Freedom of Information) and, to the extent specified therein, clause 60 (Step-In Rights).
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PAYMENT AND VALUE FOR MONEY PROVISIONS 
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Related to PAYMENT AND VALUE FOR MONEY PROVISIONS

  • Additional Procedures Applicable to High Value Accounts 1. If a Preexisting Individual Account is a High Value Account as of December 31, 2013, the Reporting [FATCA Partner] Financial Institution must complete the enhanced review procedures described in paragraph D of this section with respect to such account by December 31, 2014. If based on this review, such account is identified as a U.S. Reportable Account, the Reporting [FATCA Partner] Financial Institution must report the required information about such account with respect to 2013 and 2014 in the first report on the Account. For all subsequent years, information about the account should be reported on an annual basis.

  • Payment and VAT C2.1 The Contractor shall submit a Valid Invoice to the Authority at the periods specified by the Authority in the Pricing Schedule. A Valid Invoice must contain the reference number of the relevant Purchase Order.

  • Application of Contract Provisions The parties agree that the following contract provisions shall not apply to these employees:

  • Right to Stop Payment and Procedure for Doing So If you have told us in advance to make regular payments out of your account, you can stop any of these payments by calling or writing us at the telephone number or address referenced below in this disclosure in time for us to receive your request three (3) business days or more before a payment is scheduled to be made. If you call, we may also require you to put your request in writing and get it to us within fourteen (14) days after you call. We will charge you according to the Schedule of Fees provided to you earlier in other documentation furnished when you opened your account(s) for each stop payment order you give.

  • Coverage for Members Who Are Hospitalized on Their Effective Date If you are in the hospital on your effective date of coverage, healthcare services related to such hospitalization are covered as long as: (a) you notify us of your hospitalization within forty-eight (48) hours of the effective date, or as soon as is reasonably possible; and (b) covered healthcare services are received in accordance with the terms, conditions, exclusions and limitations of this agreement. As always, benefits paid in such situations are subject to the Coordination of Benefits provisions.

  • Limitation of Vendor Indemnification and Similar Clauses This is a requirement of the TIPS Contract and is non-negotiable TIPS, a department of Region 8 Education Service Center, a political subdivision, and local government entity of the State of Texas, is prohibited from indemnifying third-parties (pursuant to the Article 3, Section 52 of the Texas Constitution) except as otherwise specifically provided for by law or as ordered by a court of competent jurisdiction. Article 3, Section 52 of the Texas Constitution states that "no debt shall be created by or on behalf of the State … " and the Texas Attorney General has opined that a contractually imposed obligation of indemnity creates a "debt" in the constitutional sense. Tex. Att'y Gen. Op. No. MW-475 (1982). Thus, contract clauses which require TIPS to indemnify Vendor, pay liquidated damages, pay attorney's fees, waive Vendor's liability, or waive any applicable statute of limitations must be deleted or qualified with ''to the extent permitted by the Constitution and Laws of the State of Texas." Does Vendor agree? Yes, I Agree Alternative Dispute Resolution Limitations This is a requirement of the TIPS Contract and is non-negotiable. TIPS, a department of Region 8 Education Service Center, a political subdivision, and local government entity of the State of Texas, does not agree to binding arbitration as a remedy to dispute and no such provision shall be permitted in this Agreement with TIPS. Vendor agrees that any claim arising out of or related to this Agreement, except those specifically and expressly waived or negotiated within this Agreement, may be subject to non-binding mediation at the request of either party to be conducted by a mutually agreed upon mediator as prerequisite to the filing of any lawsuit arising out of or related to this Agreement. Mediation shall be held in either Camp or Titus County, Texas. Agreements reached in mediation will be subject to the approval by the Region 8 ESC's Board of Directors, authorized signature of the Parties if approved by the Board of Directors, and, once approved by the Board of Directors and properly signed, shall thereafter be enforceable as provided by the laws of the State of Texas. Does Vendor agree? Yes, Vendor agrees Does Vendor agree? Yes, Vendor agrees No Waiver of TIPS Immunity This is a requirement of the TIPS Contract and is non-negotiable. Vendor agrees that nothing in this Agreement shall be construed as a waiver of sovereign or government immunity; nor constitute or be construed as a waiver of any of the privileges, rights, defenses, remedies, or immunities available to Region 8 Education Service Center or its TIPS Department. The failure to enforce, or any delay in the enforcement, of any privileges, rights, defenses, remedies, or immunities available to Region 8 Education Service Center or its TIPS Department under this Agreement or under applicable law shall not constitute a waiver of such privileges, rights, defenses, remedies, or immunities or be considered as a basis for estoppel. 5 Does Vendor agree? Yes, Vendor agrees Payment Terms and Funding Out Clause This is a requirement of the TIPS Contract and is non-negotiable. Vendor agrees that TIPS and TIPS Members shall not be liable for interest or late-payment fees on past-due balances at a rate higher than permitted by the laws or regulations of the jurisdiction of the TIPS Member. Funding-Out Clause: Vendor agrees to abide by the applicable laws and regulations, including but not limited to Texas Local Government Code § 271.903, or any other statutory or regulatory limitation of the jurisdiction of any TIPS Member, which requires that contracts approved by TIPS or a TIPS Member are subject to the budgeting and appropriation of currently available funds by the entity or its governing body. 2

  • Participating State Modifications or Additions to Master Agreement These modifications or additions apply only to actions and relationships within the Participating State. The following changes are modifying or supplementing the Master Agreement terms and conditions.

  • Determination of Agreement 29. (1) In any of the following events namely if —

  • Assignment of Miscellaneous Proceeds; Forfeiture All Miscellaneous Proceeds are hereby assigned to and shall be paid to Lender. If the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of the Property, if the restoration or repair is economically feasible and Lender’s security is not lessened. During such repair and restoration period, Lender shall have the right to hold such Miscellaneous Proceeds until Lender has had an opportunity to inspect such Property to ensure the work has been completed to Lender’s satisfaction, provided that such inspection shall be undertaken promptly. Lender may pay for the repairs and restoration in a single disbursement or in a series of progress payments as the work is completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such Miscellaneous Proceeds, Lender shall not be required to pay Borrower any interest or earnings on such Miscellaneous Proceeds. If the restoration or repair is not economically feasible or Lender’s security would be lessened, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such Miscellaneous Proceeds shall be applied in the order provided for in Section 2. In the event of a total taking, destruction, or loss in value of the Property, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. In the event of a partial taking, destruction, or loss in value of the Property in which the fair market value of the Property immediately before the partial taking, destruction, or loss in value is equal to or greater than the amount of the sums secured by this Security Instrument immediately before the partial taking, destruction, or loss in value, unless Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by the amount of the Miscellaneous Proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately before the partial taking, destruction, or loss in value divided by (b) the fair market value of the Property immediately before the partial taking, destruction, or loss in value. Any balance shall be paid to Borrower. In the event of a partial taking, destruction, or loss in value of the Property in which the fair market value of the Property immediately before the partial taking, destruction, or loss in value is less than the amount of the sums secured immediately before the partial taking, destruction, or loss in value, unless Borrower and Lender otherwise agree in writing, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument whether or not the sums are then due.

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