Actual Payment Clause Samples

The Actual Payment clause defines the requirement for payment to be made in the precise amount owed, as determined by the terms of the agreement. In practice, this clause ensures that payments reflect the true, agreed-upon sums, accounting for any adjustments, deductions, or credits that may apply. Its core function is to prevent disputes by clarifying that only the net, final amount calculated under the contract is to be paid, thereby ensuring accuracy and transparency in financial transactions.
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Actual Payment. Where shown on our platform of affiliated third-party platforms, you accept the purchasing price shown. Payments shall be made by a payment gateway such as PayPal or any cryptocurrencies where applicable.
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Actual Payment. The Company shall pay all amounts due to an Indemnitee under this Indemnity Agreement forthwith upon demand by the Indemnitee.
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Actual Payment. The Parent Company shall pay all amounts due to an Indemnitee hereunder forthwith upon demand by the Indemnitee.
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Actual Payment. The Company shall pay all amounts due to an Indemnitee under this Indemnity Agreement within 30 days upon written demand by the Indemnitee with such documentation and information as is reasonably available to the Indemnitee.
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Actual Payment. The Corporation shall pay all amounts due to the Indemnitee under this Agreement upon demand by the Indemnitee, which demand shall be accompanied by reasonable documentation of the amounts incurred and for which payment is being required. The Indemnitee shall be entitled to demand payment whether or not actual payment of the Claim has been made by the Indemnitee provided that the amount of the Claim has been determined.
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Actual Payment. At the time prescribed and using one of the following methods of payment set forth in the Procedures for the actual payment of Settlement: a) the net debit or credit amount in the Funds Account is communicated to Settlement Bank by CDS for immediate posting to Participant’s Settlement Bank account; or b) CDS pays a Participant by making available at the office of CDS a cheque drawn on CDS’ banker to Participant’s order. Participant pays CDS by delivering to CDS a cheque to CDS’ order drawn on a Settlement Bank, subject to the Settlement limit.
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Related to Actual Payment

  • Annual Payment During each calendar year, an employee may choose to receive payment for up to twenty (20) hours of accrued vacation leave or compensatory time. Request for payment may be made in November or December of each year. Such payment shall be made during the month of November or December and will be granted only if the employee has taken at least forty (40) hours of vacation/compensatory time during the calendar year. Such payment shall be at the base hourly rate only, no add-ons.

  • Punctual Payment The Borrower will duly and punctually pay or cause to be paid the principal and interest on the Loans and all interest and fees provided for in this Agreement, all in accordance with the terms of this Agreement and the Notes, as well as all other sums owing pursuant to the Loan Documents.

  • PUNCTUAL PAYMENTS Punctually pay all principal, interest, fees or other liabilities due under any of the Loan Documents at the times and place and in the manner specified therein, and immediately upon demand by Bank, the amount by which the outstanding principal balance of any credit subject hereto at any time exceeds any limitation on borrowings applicable thereto.

  • Annual Payments The Settling Distributors shall make eighteen (18) Annual Payments, each comprised of base and incentive payments as provided in this Section IV, as well as fifty percent (50%) of the amount of any Settlement Fund Administrator costs and fees that exceed the available interest accrued in the Settlement Fund as provided in Section V.C.5, and as determined by the Settlement Fund Administrator as set forth in this Agreement. 1. All data relevant to the determination of the Annual Payment and allocations to Settling States and their Participating Subdivisions listed on Exhibit G shall be submitted to the Settlement Fund Administrator no later than sixty (60) calendar days prior to the Payment Date for each Annual Payment. The Settlement Fund Administrator shall then determine the Annual Payment, the amount to be paid to each Settling State and its Participating Subdivisions included on Exhibit G, and the amount of any Settlement Fund Administrator costs and fees, all consistent with the provisions in Exhibit L, by: a. determining, for each Settling State, the amount of base and incentive payments to which the State is entitled by applying the criteria under Section IV.D, Section IV.

  • Final Payment A. Upon final completion and acceptance of the Work in accordance with Paragraph 15.06 of the General Conditions, Owner shall pay the remainder of the Contract Price as recommended by Engineer as provided in said Paragraph 15.06.