Bills Payable Sample Clauses

The "Bills Payable" clause defines the obligations and procedures related to the payment of invoices or bills under an agreement. Typically, it outlines when and how payments must be made, such as specifying due dates, acceptable payment methods, and any requirements for submitting supporting documentation. This clause ensures that both parties have a clear understanding of payment expectations, reducing the risk of disputes over timing or method of payment and promoting smooth financial transactions.
Bills Payable. The fiscal agent shall pay bills that have been approved on a monthly basis by the Executive Board, and which shall be subject to final approval by the ISECC Governing Board at either of its semi-annual meetings.
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Bills Payable. This account consists of borrowings from: ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ Foreign banks P 33,102 P 26,985 P 33,102 P 26,985 Local banks 10,862 10,548 3,495 4,723 Others 3 110 3 4 P 43,967 P 37,643 P 36,600 P 31,712 The maturity profile of bills payable follows: ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ Within one year P 33,841 P 15,180 P 29,915 P 10,749 Beyond one year but within five years 6,379 20,970 5,185 19,470 More than five years 3,747 P 43,967 1,493 P 37,643 1,500 P 36,600 1,493 P 31,712 Borrowings from foreign and local banks are subject to annual fixed interest rates as follows: Peso denominated 1.06% - 4.50% 0.88% - 2.98% 0.02% - 2.00% Foreign currency denominated 1.06% - 3.46% 0.10% - 2.86% 0.02% - 2.67% Foreign currency denominated 1.06% - 3.46% 0.10% - 2.86% 0.02% - 2.67% The total interest expense incurred by the Group on the bills payable amounted to P891 in 2017, P931 in 2016, and P302 in 2015. As of December 31, 2017 and 2016, certain bills payable availed under repurchase agreements are secured by the Group’s and Parent Company’s investment securities (see Note 10.3).
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Related to Bills Payable

  • Accounts Payable To the extent not apportioned at Closing, any indebtedness, accounts payable, liabilities or obligations of any kind or nature related to Seller or the Property for the periods prior to and including the Closing Date shall be retained by Seller and promptly allocated to Seller and evidence thereof shall be provided to Buyer, and Buyer shall not be or become liable therefor, except as expressly assumed by Buyer pursuant to this Contract, and invoices received in the ordinary course of business prior to Closing shall be allocated to Seller at Closing.

  • Service Fees Payable to FSSC (a) During the term of this Agreement, FSSC will be entitled to receive from each Fund as full compensation for Services rendered hereunder a fee calculated daily at an annual rate, as set forth Schedule 1 to this Agreement, of up to 0.25% of average net assets held in FSSC Accounts of each Fund. Service fees paid by the Funds are in addition to other fees paid by the Funds such as those paid pursuant to an Agreement for Fund Accounting Services, Administrative Services, Transfer Agency Services and Custody Services Procurement and fees paid pursuant to each Fund’s Distributor’s Contract. (b) For so long as any Third-Party Agreement remains in effect, FSSC shall be entitled to receive fees from the Funds calculated daily at an annual rate, as set forth in Schedule 1 to this Agreement, of up to 0.25% on the average net assets held in accounts of each Fund for which Services are provided by such third-parties which amount shall be paid by FSSC in accordance with such Third-Party Agreements. (c) The Funds shall pay service fees to FSSC in accordance with their regular payment schedules. For the payment period in which this Agreement becomes effective or terminates with respect to any Fund, there shall be an appropriate proration of the fee on the basis of the number of days that this Agreement is in effect with respect to such Fund during the period.

  • Trade Payables The term “

  • Fees Payable A) Our fee does NOT include other costs which are part of the migration process such as Immigration application lodging fees, medical and police checks, translation of documents, etc. As part of the Service (s) which is/are provided to you, an approximate indication of the fees which form part of the process will be set out for you, together with clarification as to when these costs are due. A) Points Based System: We evaluate your profile and allot points after which if the visa is rejected for scoring less point than the requirement. B) However, we do not guarantee any client about getting an ITA (invitation to apply as it is the independent decision of the Immigration commission) C) The documentation submitted to the embassy is considered as inappropriate filing after getting an ITA we refund the consultancy fee. D) In case of CAP closures or any changes in eligibility criteria of PR process or in any change of rules in PR process before or after file submission, we will keep your profile on hold and wait for next notification from respected authority regarding process till your agreement maturity date. A) If you sign up the service & change your mind later and decide to withdraw. B) If you do not wish to continue with our services for personal reasons. C) If you fail to submit the required documents within 60 days of sign up D) Failure to provide required documents within 60 working day, then First Party has right to place the case on temporarily hold, and even after temporary hold, if the Second Party do not submit the required documents to file the application, then First Party has right to close the case Permanently. E) The job bank profile promotion service doesn't guarantee profile selection by employers, however BOCCS will put their best efforts to get a response in case there is no response the refund clause is not applicable and client cannot claim for refund. F) In case of negative result being delivered by WES department as the educational Documentation approval is there independent decision. G) In case of any candidate is unable to reach the respective IELTS benchmark as required. H) In case in case the rules are changed by the respective immigration agencies or closure of cap, however, you can shift to a different process if clients profile is qualified. I) 100% non-refundable if failure of medicals by the client or his or her family members included in the application. J) Failure to provide a genuine Police Clearance Certificate, which is not less than 6 months old. K) Failure to prove sufficient funds for settlement or maintenance by the client or his or her family members included in the application. L) Submission of fraudulent documents. M) Process conversion is eligible if at least 80% of the documents are submitted within 2 months from the date of signup. N) Prior violation of any immigration or visa law by the client or any of his or her family members included in the application. O) Late submission of any additional documents requested by the consulate at a later stage. All the refund cases would be cleared with in 90 days. To claim refund, the rejection letters (including letter after re-appeal) needs to be produced.

  • Accounts Receivable and Payable The accounts receivable reflected on the Financial Statements arose in the ordinary course of business and, except as reserved against on the Financial Statements, are collectible in the ordinary course of business and consistent with past practices, free of any claims, rights or defenses of any account debtor. No accounts payable of the Company are over forty-five (45) days old.