Advanced Payment Option Clause Samples
The Advanced Payment Option clause allows one party to make payments before the standard due date specified in the contract. This clause typically outlines the conditions under which early payments can be made, such as any required notice, potential discounts for early payment, or adjustments to the payment schedule. Its core practical function is to provide flexibility in financial arrangements, potentially benefiting both parties by improving cash flow for the recipient and offering incentives or convenience for the payer.
Advanced Payment Option. 1. If the ACO wishes to participate in the APO for a Performance Year, it must select to participate in the APO as described in Section 8.01.
2. Unless CMS rejects or later terminates the ACO’s selection to participate in the APO, CMS shall make APO payments to the ACO in accordance with the methodology in Appendix F. Each party shall comply with the terms of Appendix F that are applicable to that party.
Advanced Payment Option. If the DCE wishes to participate in the APO for a Performance Year, it must select to participate in the APO as described in Section 8.01.
Advanced Payment Option. 1.1. Upon written request of the Performing Party, TCEQ will advance an amount up to the Maximum Authorized Reimbursement to the Performing Party. This advance payment is for work to be performed in accordance with the Scope of Work.
1.2. An advanced payment request may be submitted after September 1, 2023, but no later than April 1, 2025.
1.3. An advanced payment request must be requested in writing, and may be submitted by electronic mail to ▇▇▇▇-▇▇▇▇▇▇@▇▇▇▇.▇▇▇▇▇.▇▇▇ or by mail to one of the addresses below: Texas Commission on Environmental Quality Air Grants Division, MC-204 (GAFF) P.O. Box 13087 Austin, TX 78711-3087 Texas Commission on Environmental Quality Air Grants Division, MC-204 (GAFF) ▇▇▇▇▇ ▇▇▇▇ ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Advanced Payment Option. Following the execution of this Agreement by both Parties, but prior to Closing, Purchaser at its sole and absolute discretion may elect to remit to Company any portion of the Purchase Price (“Advanced Payment”). Under this circumstance, the Closing Payment shall be reduced by this Advanced Payment, and upon Closing, the lesser remaining Closing Payment shall be remitted from Purchaser to Company. Should Purchaser make an Advanced Payment to Company and the transactions contemplated by this Agreement fail to close, Company agrees to repay Purchaser the Advanced Payment in full within five (5) business days following the receipt of Company’s written demend.