Payment on Account definition

Payment on Account or “PoA” means a payment made by us, on account of amounts due in respect of Contract Work, before we have paid the final Claim for the relevant Matter or case, but excluding any Monthly Payments;

Payment on Account or "PoA" means a payment made by us, on account of amounts due in respect of Contract Work which is Licensed Work, before we have paid the final Claim for Licensed Work for the relevant Case;

Payment on Account has the meaning given in clause 8A.18.7

Examples of Payment on Account in a sentence

• Debt/HOD type High Level Description Average Debt Value Age of debt Indicative volumes Self Assessment (SA) Payment on Account 1 (POA1) 2011 POA1 cases which have already been through an in-house campaign.

• Payment on Account Any payment of moneys under clause 10.5 is not: evidence of the value of Services or that Services have been satisfactorily carried out in accordance with the Contract; an admission of liability; or approval by the Commonwealth or the Commonwealth's Representative of the Consultant’s performance or compliance with the Contract, but is only to be taken as payment on account.

• Payment on Account Any payment of moneys under clause 9.5 is not: evidence of the value of Services or that Services have been satisfactorily carried out in accordance with the Contract; an admission of liability; or approval by the Commonwealth or the Commonwealth's Representative of the Consultant’s performance or compliance with the Contract, but is only to be taken as payment on account.

• Payment on Account Any payment of moneys under clause 9.5 is not: evidence of the value of Services or that Services have been satisfactorily carried out in accordance with the Contract; an admission of liability; or approval by the Principal or the Contract Administrator of the Consultant’s performance or compliance with the Contract, but is only to be taken as payment on account.

• Payment on Account Any payment of moneys under clause 12.5 is not: evidence of the value of work or that work has been satisfactorily carried out in accordance with the Subcontract; an admission of liability; or approval by the Contractor or the Contractor's Representative of the Subcontractor's performance or compliance with the Subcontract, but is only to be taken as payment on account.

More Definitions of Payment on Account

Payment on Account means, any partial payment of amount that is owed, but not matched to a specific invoice and without referring to a specific debt. In the present cases, the payments made by the Respondents were specifically towards the Monthly Tariff Invoices raised by the Petitioners. This is also the pleading of the Petitioners in all these cases. Article 6.1 of the PPA pertains to the issuance of Tariff Invoices by the Generator, for the energy supplied, with the other required particulars. On receipt of the Tariff Invoices, the Respondent-Distribution Licensee scrutinises the Invoices and verifies the correctness of the contents of the Tariff Invoices and thereafter, the Invoices are passed for payments, as required in Article 6.2 of the PPA. These terms would indicate that the payments were made towards the Monthly Tariff Invoices alone. In such circumstances, it cannot be said that, it was ‘Payment On Account’, but ‘Payment against Monthly Tariff Invoices’. In the presence of written terms regarding the supply of energy and the payment towards the price of energy, it cannot be said that, the Petitioners could maintain a ‘Running Account’, as understood in the business community. In the present cases, the appropriation of the payments made by the Respondents should be as per the provisions of Section 59, but not as per Section 60 of the Contract Act. Therefore, the Petitioners cannot claim it to be a ‘Part Payment’ of the outstanding dues, as per Section 19 of the Limitation Act. As already noted, in the present cases, the claims towards the Monthly Tariff Invoices have already been paid and the claims for accrued interest, for the delay in payment of the Monthly Tariff Invoices alone, were due. Therefore, the claim

Payment on Account means the amount requested by MyRuby, from the Client after the completion of any Free Trial Period and prior to the commencement of paid service. The amount requested will remain on the Client’s account as a pre-payment, refundable against the Clients final invoice.

Payment on Account means an advance payment payable by you to us that will not be included in your current account balance, to cover any future bills for Services provided by us to you which you fail to pay, which will be calculated, held by us and returned to you all in accordance with clause 8 below;

Payment on Account means a payment into court or to SARS, in either case of, or on account of, tax, penalty or interest where the liability to such tax, penalty or interest (or to the amount of such tax, penalty or interest) is in dispute or otherwise not settled.‌

Payment on Account has the meaning given in paragraph 8.4;

Payment on Account means a payment into court or to a Tax Authority, in either case of, or on account of, Tax where the liability to such Tax (or to the amount of such Tax) is in dispute or otherwise not settled.

Payment on Account means the sum of US$21,848,997 to be paid in cash by the Purchaser to the Vendor on Completion. * - Confidential Treatment Requested. Omitted portions filed with the Securities and Exchange Commission.